Global Driver Safety Systems Market: Snapshot
Players within the global
driver safety systems market are striving to develop
advanced systems in order to gain a competitive edge above the others. Leading
players with in the market are developing Innovative features in order to
maintain their positions in the market, says Transparency Market Research (TMR)
in its latest research report on this market. An increasing number of market
players are focusing their efforts on introducing advanced yet inexpensive
driver assistance technologies.
Major Key Players of
the Driver Safety Systems Market are:
Magna International Inc., Robert Bosch GmbH, Smart Eye AB, Seeing Machines,
Valeo S.A., Continental AG, Denso Corporation, and Infineon Technologies AG.
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According to the report, the global driver safety systems
Market is anticipated to rise from US$1,921.3 Mn in 2017 to reach US$2,750.0 by
the end of 2022. The market is anticipated to expand at a CAGR of 7.4% from
2017 to 2022. On the basis of technology, the global driver safety systems
market is segmented into facial expressions, steering angle sensor, heart rate
monitoring, eye tracking, and lane departure system. Of these, the eye tracking
segment is anticipated to enjoy higher demand among car buyers. This segment
was valued at US$ 456.6 Mn and accounted for 23.8% of the total market in
2017. The eye tracking segment is anticipated to exhibit and 8.1% CAGR between
2017 and 2022 and account for 24.5% of the total market by 2022.
On the basis of geography, it is anticipated that Asia
Pacific excluding Japan APEJ will hold the maximum share of the market. The
APEJ segment will expand at an 8.4% CAGR from 2017 to 2022. It is anticipated
to gain 138 basis point market share by 2022. The market's growth in Asia
Pacific excluding Japan is attributed to the adoption of driver safety systems
in passenger cars. The high demand from emerging economies in Asia Pacific
excluding Japan his behind the leading status of this region within the driver
safety systems market.
Increasing Demand For Convenience And Rising Number Of
Road Accidents Driving Market
Rising demand for convenience and passenger safety along
with driver safety has led to the growth of the global driver safety systems
market. The rising adoption of advanced driver assistance systems has led to a
rise in the adoption of driver safety systems in compare, commercial, and
mid-sized vehicles, and all types of cars. This market is also boosted by various
initiatives taken by government for the improvement of safety of passengers as
well as for the reduction of road accidents. Car makers are thus pressurized to
adopt and implement driver safety systems on account of the growing focus of
the government with regards to the safety of drivers and passengers.
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Research objectives:-
– To study and analyze the global Driver Safety Systems
consumption (value & volume) by key regions/countries, product type and
application, history data.
– To understand the structure of the Driver Safety Systems
market by identifying its various sub-segments.
– Focuses on the key global Driver Safety Systems
manufacturers, to define, describe and analyze the sales volume, value, market
share, market competitive landscape, SWOT analysis, and development plans in
the next few years.
– To analyze the Driver Safety Systems with respect to
individual growth trends, future prospects, and their contribution to the total
market.
– To share detailed information about the key factors
influencing the growth of the market (growth potential, opportunities, drivers,
industry-specific challenges and risks).
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