Driver Safety Market Highlights:
Driver Safety Market Research Report – Global Forecast to 2022. Driver Safety Market Information Report by Type (Driver Alertness Detection System, Vehicle-to-Vehicle Communication, Electronic Stability Control (ESC), Eye-Tracking/Blink-Monitoring, Pressure/Angle Steering Sensor, Lane Departure Warning, and Others), by Vehicle Type (Passenger, and Commercial), and by Region – Forecast to 2022.
The key players of Global Driver safety Market report include- Denso Corporation, Robert Bosch GmbH, Continental AG, Magna International Inc., Valeo S.A., Tobii AB, Seeing Machines, Infineon Technologies AG, Optalert PTY Ltd, and Smart Eye AB.
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Driver Safety Market Insights:
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.
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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