The global driver monitoring systems (DMS) market size was USD 1,308.43 Million in 2021 and is expected to register a revenue CAGR of 10.5% over the forecast period, according to the latest report by Reports and Data. In addition to technological advancements in the automotive industry, the development of autonomous and connected cars, as well as the increasing need to reduce road accidents, have fueled the growth of the DMS market. Customers are increasingly aware and expecting safe driving as part of their expectations, which contributes to the growth of the market.
A number of governments around the globe have implemented stringent rules and regulations to ensure the safety of motorists, pedestrians, and cyclists, which is expected to boost the market's growth over the forecast period. Driver Monitoring is an electronic system built around camera and sensors that monitor the alertness of the driver, check how alert he or she is, how healthy he or she is, and how current they are. When a driver shows signs of drowsiness or distraction, the driver is warned by a driver monitoring system (DMS).
The driver monitoring capabilities of Eyesight Technologies are provided by an Israel-based company that uses embedded computer vision and artificial intelligence (AI). As part of the company's driver monitoring solutions, called 'Drive Sense,' drivers are monitored for their head position, eye blink rate, gaze vectors, and other visual attributes in order to determine if the driver is distracted or sleepy.
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Some Key Highlights from the Report
- As far as types of monitoring are concerned, the driver state monitoring type dominated the market in 2019. Road accidents have increased every year across several countries. A large number of these collisions were victims of work-related road collisions, including 25,250 deaths in 2017 and 135,000 serious injuries. Despite the fact that the exact number is unknown, it is estimated that 40% of all road deaths are the result of work-related accidents. With the inclusion of driver state monitoring systems, it can be minimized the number of accidents on the road and thus the number of casualties. Governments are making efforts to minimize the number of accidents on the road. In the forecasted period, this factor will drive the growth of the driver state monitoring segment.
- There will be a significant growth in DMS systems as they play an increasingly important role in human-machine interactions (HMI). Sensors held a share of over 62% of the market in 2019. In addition to user interface enhancements to produce smart dashboards and related HMI in an in-vehicle situation, information overload has become increasingly prevalent with active safety (ADAS) and autonomous driving.
- Various OEMs across geographies installed DMS systems across various models in 2019, which led to the hardware segment occupying the major share of the market. Cameras and sensors are among the major hardware systems used by car manufacturers, and DMS built on top of cameras are critical to next-generation ADAS. Vehicle manufacturers and transportation companies are increasingly integrating DMS into their systems to reduce crashes related to drowsiness and distraction. It is essential that they are present in all autonomous vehicles which meet SAE (Society of Automotive Engineers) levels 3-4 - because they are vital for the driver to be awake, alert, and capable of taking over once "hands-off and feet-off" mode has been activated.
- As a result of the growing government regulations concerning the safety of drivers as well as the increasing demand among consumers for convenience and luxury features, the demand for Driver Monitoring Systems accounted for the largest share of the end user segment across passenger vehicles. The driver monitoring systems in passenger vehicles play an important role.
- Driver monitoring systems (DMS) are expected to grow significantly in the Asia Pacific region. New opportunities are expected to emerge in the Asia Pacific market due to the increasing incidence of road accidents and the increasing popularity and demand for luxury cars. As the number of accidents in the region increases, the market for driver monitoring systems is also expected to be significantly affected.
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the need for driver monitoring is indeed rising in both the passenger and commercial vehicle segments. This is primarily due to the increasing concerns related to driver safety and the rising number of accidents caused by driver fatigue, drowsiness, distraction, intoxication, and other related issues.
In the commercial vehicle segment, the challenges related to driver monitoring are even more significant. Commercial drivers often work long hours and are subjected to strict deadlines and pressure to remain competitive. As a result, driver fatigue and drowsiness are more common in this segment, leading to a higher risk of accidents.
To address these concerns, various systems are being developed to monitor driver behavior and alert drivers and fleet managers in case of any unsafe driving behavior. These systems can include technologies such as facial recognition, eye-tracking, and monitoring of driver inputs such as steering wheel movements, braking, and acceleration patterns.
Moreover, these monitoring systems can also provide valuable insights into driver behavior and performance, which can help fleet managers identify areas for improvement and implement measures to improve driver safety.
Major Regions Highlighted in the Global Driver Monitoring Systems (DMS) Market Report:
· North America
o U.S.
o Canada
o Mexico
· Europe
o Germany
o U.K.
o Italy
o France
o BENELUX
o Rest of Europe
· Asia Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia Pacific
· Latin America
o Brazil
o Rest of Latin America
· Middle East & Africa
o Saudi Arabia
o U.A.E.
o South Africa
o Rest of Middle East & Africa
Top Companies Profiled in the Report:
Faurecia, Tata Elxsi, Aptiv PLC, Johnson Controls Inc, Magneti Marelli, Valeo, Continental, Bosch, Visteon, and Denso
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Overall, driver monitoring systems are becoming a priority for vehicles built in the near future to ensure safe driving and reduce the number of accidents caused by driver fatigue, distraction, and other related issues.
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