Market Research Future (MRFR) has published and released a research report about the global driver safety market that predicts growth for this market between 2020 and 2027. 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.
The key factors that drive the growth of this market include growing concerns regarding road accidents, growing demand for the driver safety technologies, the introduction of new technologies, and stringent regulations from the government regarding driver’s safety. The global driver safety market has been segmented on the basis of type, vehicle type, and region. By types, this market has been segmented into driver alertness detection system (DADS), electronic stability control (ESC), eye-tracking/blink-monitoring, lane departure warning (LDW), pressure/angle steering sensor, vehicle-to-vehicle communication, and others. The new technologies can tackle various causes such as the driver’s distraction caused by drowsiness and tiredness. They have also helped to reduce the number of road accidents in the recent times. The segmentation on the basis of vehicle types segments the market into passenger vehicles and commercial vehicles.
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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.
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Key Players
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
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Key Questions Addressed by the Report
- What was the historic market size (2020)?
- Which segmentation (Product/ Capacity) is driving market?
- What will be the growth rate by 2027?
- How are the key players in this market?
- What are the strategies adopted by key players?
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
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