Market Research Future (MRFR) has published and released a research report about the global driver safety market that predicts growth for this market between 2016 and 2022. Observing the market structure, this report evaluates the future growth potential of the market. It observes the strategies of the key players in the market and follows the competitive developments such as joint ventures, new product developments, mergers and acquisitions, research and developments (R & D) in the market.
Browse Copmelte Report Information@ https://www.marketresearchfuture.com/reports/driver-safety-market-2007
Stringent regulations from government regarding driver’s safety and growing concerns regarding road accidents have surge the demand for the driver safety technologies. Increasing road accident have made the manufacturer to work on the automotive safety & technologies to prevent the accidents. With the introduction of new technologies such as driver alertness detection system, electronic stability control (ESC), and others has contributed in the growth of the driver safety market. These technologies tackles the safety issues and various causes such as driver’s distraction caused by tiredness and drowsiness and have helped to lower down the road accidents in the recent times.
The regional segmentation of the global driver safety market segments the market into continent-based regional markets called North America, Europe, Asia Pacific, and the rest of the world (RoW). During the forecast period, the Asia Pacific region is expected to rise as the dominating regional market in the global driver safety market during the forecast period. In the region, the market is being driven by factors including increasing competition in the automotive industries, increasing adoption of safety features, and an increase in government regulations regarding safety. In this region, the most important country-specific markets are China, India, and Japan, followed by the rest of the Asia Pacific region.
Markets in North America and Europe are expected to show the static growth because the driver safety market has already been established in these regions due to safety awareness, strict traffic rules, and concerns for the road safety. In North America, due to technological advancement, many advanced cars with elaborate driver security system are available in the market. Many key players in this market are also based in the United States of America (USA) which is the strongest economy in North America. Support from the government also helps car manufacturers to develop driver security technologies. Other important country-based markets in North America are Canada and Mexico. During the forecast period, Europe is expected to emerge as the third largest market. Germany is the biggest country-specific market in this region due to increase safety concern for the driver and passenger. Other important country-specific markets in this region are France, Spain, and the United Kingdom (UK), followed by the rest of Europe.
Moreover, Truck drivers who are only permitted to drive in the dark night and involves dangerous route. These factors significantly contributes to driver fatigue and distraction which can result in accidents hence in turn is expected to increase the demand for driver fatigue and distraction monitoring systems amongst the commercial vehicles. The global driver safety market is expected to show a growth at CAGR of about XX% from 2016 to 2022.
The key players in the global driver safety market include Continental AG (Germany), Denso Corporation (Japan), Infineon Technologies AG (Germany), Magna International Inc. (Canada), Optalert PTY Ltd (Australia), Robert Bosch GmbH (Germany), Seeing Machines (Australia), Smart Eye AB (Sweden), Tobii AB (Sweden), and Valeo S.A. (France).
Latest Industry News
Vayyar Imaging is set to introduce its millimeter wave radar sensors that can create 3D imaging of the environment inside and around a car to improve driver safety. 2 OCT 2018
Mazda is all set to release its new model called CX-8 which is equipped with various driver safety technologies that enable the driver to drive comfortably on ice and snow. 30 SEP 2018
More Information @ https://www.marketwatch.com/press-release/driver-safety-market-2018-global-size-trends-share-competitive-landscape-growth-emerging-technologies-competitive-landscape-and-regional-forecast-to-2023-2018-08-28
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