The Driver monitoring system market is anticipated to expand its roots at a steady CAGR of 7.5% between 2023 and 2033. The market is expected to have a market share of US$ 9.3 billion by 2033 while it is likely to be valued at US$ 4.5 billion in 2023
- The increased demand for self-driving vehicles, particularly passenger and cargo trucks, is forcing suppliers to embrace driver monitoring system technology. High-end cameras, infrared, lasers, and advanced sensors are used to implement these technologies.
- The upgraded road structure and revised road safety policies based on new electric and self-driving vehicles are likely to have a favourable impact on the market. Additionally, sophisticated technologies such as artificial intelligence and ADAS are driving up sales of driver monitoring systems.
- With custom settings, new startups with alarm systems and smartphone integration inform drivers and their people back home. In addition, the resumption of logistical and tourism activity following Covid-19 contributes to market growth.
- The increased frequency of accidents caused by tiredness and lack of focus is causing authorities to take action. These actions necessitate the use of DMS and other vehicle safety equipment.
- The activities of the authorities lead us to countries that prioritise road safety. For example, Europe NCAP has established a roadmap to achieve vision zero, which is predicted to result in zero road accidents.
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Key Points
- 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.
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Driver Monitoring System Market Competitive Landscape
- 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.
Recent Market Developments
- In 2023, Smart Eye has been chosen to deliver its Eight Breakthrough Driver Monitoring Systems to a major global commercial vehicle customer.
- Valeo SA has introduced its camera-based technology that does driver identification, tracks eye direction, and follows eyelid opening.
Key Segments Covered
By Technology:
- Ultrasonic Sensor
- Lidar Sensor
- Radar Sensor
- Camera Sensor
- Infrared Sensor
- Pressure Sensor
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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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