Driver Monitoring System Industry Anticipated to Reach USD 9.3 Billion by 2033, Growing at a 7.5% CAGR

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The driver monitoring system (DMS) industry is projected to grow at a steady compound annual growth rate (CAGR) of 7.5% between 2023 and 2033, with its value expected to increase from USD 4.5 billion in 2023 to USD 9.3 billion by 2033.

The rise in demand for self-driving and semi-autonomous vehicles, both in the passenger and commercial sectors, is driving the adoption of DMS technologies. These systems enhance vehicle safety through the use of advanced cameras, infrared sensors, lasers, and other sophisticated sensors.

Improved road infrastructure and updated safety regulations, particularly for electric and autonomous vehicles, are also expected to support market growth. Additionally, the incorporation of technologies like artificial intelligence (AI) and advanced driver-assistance systems (ADAS) is increasing the popularity of driver monitoring systems.

New startups are introducing innovative solutions such as alarm systems and smartphone integration, offering personalized alerts to drivers and their contacts. The recovery of the logistics and tourism industries following the COVID-19 pandemic is also contributing to market expansion.

Furthermore, the rise in accidents caused by driver distraction and drowsiness is leading authorities to mandate the use of driver monitoring systems and other safety features. For example, European organizations like Euro NCAP are pushing initiatives like Vision Zero, which aims to eliminate road accidents and drive demand for these safety systems.

Key Takeaways from the Driver Monitoring System Industry Report:

  • The United States market leads the driver monitoring system market in terms of market share in North America. The United States region holds a market share of 16.9% in 2023. The growth in this region is attributed to the presence of major autonomous vehicle vendors along with government policies pushing end users to adopt the technologies.
  • In 2022, the United States market held a market share of 87.5% in North America, putting it as a leading region in terms of market share.
  • The United Kingdom’s driver monitoring system market is another significant market in the European region. The market thrives at a CAGR of 5.2% between 2023 and 2033. The growth is attributed to the advanced European NCAP policies.
  • The Chinese driver monitoring system market thrives at a CAGR of 11.8% during the forecast period. The growth is attributed to higher autonomous vehicle production and stringent safety rules.
  • The ultrasonic sensors lead the technology type segment as it holds a market share of 20.5% in 2023. The growth is attributed to the higher affordability and its enhanced accuracy in the dark.
  • Based on the vehicle type, the light commercial vehicle segment leads as it holds a market share of 26.0% in 2023.

Competitive Landscape:
The key vendors work on adding the latest safety technologies including infrared and laser sensory technology. Key competitors and also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel.

Leading Key Players:

  • Continental AG
  • ZF Friedrichshafen AG
  • Mobileye
  • Aptiv Plc
  • Veoneer Inc.
  • Valeo SA
  • Magna International
  • Aisin Seiki Co., Ltd
  • Texas Instruments Incorporated
  • NXP Semiconductors N.V
  • Renesas Electronics Corporation
  • Intel Corporation
  • Hitachi, Ltd.

In-Depth Market Analysis: A Complete Report

Driver Monitoring System Industry Segmentation:

By Technology:

  • Ultrasonic Sensor
  • Lidar Sensor
  • Radar Sensor
  • Camera Sensor
  • Infrared Sensor
  • Pressure Sensor

By Sales Channel:

  • OEM
  • Aftermarket

By Vehicle Type:

  • Passenger Vehicle
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

Key Regions Covered:

  • North America
    • UNITED STATES
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • United Kingdom
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Japan
  • APEJ
    • China
    • India
    • Malaysia
    • Singapore
    • Australia
    • Rest of Asia Pacific Excluding Japan (APEJ)
  • MEA
    • GCC Countries
    • Israel
    • South Africa
    • Rest of Middle East Asia (MEA)
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