Global Commercial Vehicle Driver State Monitoring System Market 2016-2020
About Commercial Vehicle Driver State Monitoring System
The driver state monitoring system is an in-vehicle tool adopted to analyze the state of a driver when the person is driving, thereby preventing fatalities or injuries that can be caused due to distractions. It is an electronic system that is installed in vehicles and works on parameters set to measure the level of inactiveness, drowsiness, or fatigue of the driver while driving. In case of detection of drowsiness, fatigue, or related characteristics, the system sends a signal to the processor, which in turn alerts or warns the driver of the potential risk involved in continuing the journey. In some cases, the system even suggests drivers take a break
Technavio’s analysts forecast the global commercial vehicle driver state monitoring system market to grow at a CAGR of 7.20% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global commercial vehicle driver state monitoring system market for 2016-2020. To calculate the market size, the report covers the analysis and forecasts of the global commercial vehicle driver state monitoring system market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Commercial Vehicle Driver State Monitoring System Market 2016-2020.
Technavio recognizes the following companies as the key players in the global commercial vehicle driver state monitoring system market: Bosch, EDGE3 Technologies, Seeing Machines, and Takata.
Other prominent vendors in the market are: Caterpillar and Xilinx.
Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is cost reduction in advanced driver assistive technologies with development of cheaper yet robust materials. The automotive industry is witnessing an evolution in driver assisting technologies. Though most of the driver assistive safety technologies used in the passenger car segment are in the growth stage, the adoption rate of such technologies in light commercial vehicles and heavy commercial vehicles is still in the introduction stage. One of the primary reasons for the higher penetration rate of the driver state monitoring system in the passenger car segment, especially in luxury cars, is the less price-sensitive nature of this vehicle segment leading to high adoption of advance technologies.”
According to the report, one of the primary drivers in the market is need for technology that can curb road accidents caused due to drowsiness in drivers. Drowsiness and fatigue in drivers are major factors leading to road accidents, especially for commercial vehicle drivers that need to travel long distances for logistics and transportation purposes. According to research, more than 20% of the crashes reported in 2010 were caused due to drowsiness or fatigue of drivers. Also, it was found that more than 10% of the rear-end vehicle collisions were caused due to fatigue-related problems. The number of vehicle collisions is increasing, and so is the fatality rate. This has been a major cause of concern for fleet operators as well as the governments of various countries.
Further, the report states that one major challenge in the market is high pricing of driver assistive safety technology leading to low adoption rate. The global commercial vehicle driver state monitoring system market is expected to grow at decent pace during the forecast period; however, the market penetration of such systems is a major challenge. The adoption rate of advanced driver assistive safety systems is low in commercial vehicles. Fleet operators are the major end-users of advanced driver assistive safety systems. Developed countries such as the US, Canada, and European nations have contributed the most to the global commercial vehicle driver state monitoring system market. However, the emerging and developing nations have fallen short in terms of adoption rate.
Bosch, EDGE3 Technologies, Seeing Machines, Takata, Caterpillar Xilinx.
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