Technavio, a tech-focused market research firm, has published a new report on the global commercial vehicle driver state monitoring system market, which is expected to experience a slow but steady growth rate with a CAGR of more than 7% during the forecast period 2016-2020.
This latest report by Technavio covers the market outlook and growth prospects of the global commercial vehicle driver state monitoring system market for 2016-2020, considering 2015 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.
Based on geographical division, Technavio market researchers segment the global commercial vehicle driver state monitoring system market into the following key regions: APAC, Americas, and EMEA.
Geographical segmentation of the global commercial vehicle driver state monitoring system market for 2015 (market share %)
|
Americas |
45% |
|
EMEA |
35% |
|
APAC |
20% |
Source: Technavio
Commercial vehicle driver state monitoring system market in the Americas
In 2015, the Americas accounted for around 45% of the share in the global commercial vehicle driver state monitoring system market. The rise in number of on-road accidents that are caused by drowsiness of drivers is the main reason behind the growth of the commercial vehicle driver state monitoring system market in the Americas. The increased number of accidents due to distractions has called for the need for commercial vehicle driver state monitoring systems.
“Government initiatives and stricter regulations like use of electronic log devices can reduce the number of accidents in the US. The electronic log devices can track vehicle driving time and are driving the growth of the commercial vehicle driver state monitoring system market in the region, “ says Siddarth Jaiswal, a lead analyst at Technavio for research on automotive electronics.
On the preventive front, the top automakers in the US are developing driver state monitoring and vigilance systems. The system warns the driver about drowsiness by monitoring the person’s movements. Besides this, the automotive governing council in the region is also taking strict regulations and creating behavioral awareness to reduce accidents. The officials are narrowing the rules and regulations that are aimed at reducing accidents caused by drowsiness of commercial vehicle drivers, and this is driving the adoption of driver state monitoring systems in the American market.
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Commercial vehicle driver state monitoring system market in EMEA
A high number of fatigue- or inattentiveness-related accidents is expected to drive growth in the commercial vehicle driver state monitoring system market in EMEA. The commercial vehicle driver state monitoring system market in EMEA is mainly driven by Europe. Europe is home to many logistics and trade-related activities because of successful road transportation in the region. The growth of logistics, trade, and road transportation has led to the rise in use of heavy-duty trucks for transportation purposes, which has, in turn, increased the number of drivers prone to drowsiness. Moreover, the market is driven by upcoming strict regulations for increasing the safety of commercial vehicles.
The automotive governing councils and institutions in the region are issuing guidelines that are intended to prevent drivers from driving commercial vehicles when the person is feeling drowsy. According to industry experts, the number of on-road accidents caused due to drowsiness of drivers is increasing. Various automotive system designers and developers in EMEA are developing vehicles with in-vehicle detection and warning devices known as driver drowsiness detection system, driver vigilance monitoring system, or fatigue monitoring system. All these systems are aimed at monitoring and detecting the level of drowsiness or fatigue in a driver. To monitor these levels, sensors or cameras monitor either the eye movement or facial expressions of the driver. Other initiatives taken by the automotive governing bodies and institutions include projects such as AWAKE within EU.
Commercial vehicle driver state monitoring system market in APAC
In APAC, the rise in accidents is caused due to inattentiveness of the drivers in major economies like Japan, China, and Australia. Besides, the adoption and penetration rate of advance driver assistance safety technologies is higher in these region, thereby, driving the demand for commercial vehicle driver state monitoring systems. APAC is home to one of the leading automotive markets in the world. This region includes some of the prominent automotive markets, such as China and India, which is mainly due to economic growth and well-developed infrastructure. The global commercial vehicle driver state monitoring system market is growing significantly in APAC because some of the major truck manufacturers are developing and equipping such technologies in their vehicles. The automotive market in other countries of APAC is also gaining momentum following improvements in the economic status of these nations. This is being reflected in the vibrant automotive market where improving infrastructure is resulting in well-laid road networks. This is resulting in major automakers entering the emerging and high potential automotive markets like India, where the driver drowsiness-related accidents are a major concern.
The top leading vendors operating in the global commercial vehicle driver state monitoring system market are:
- Bosch
- EDGE3 Technologies
- Seeing Machines
- Takata
Other prominent vendors in the market include Caterpillar and Xilinx.
A more detailed analysis is available in the Technavio report tilted, ‘Global Commercial Vehicle Driver State Monitoring System Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Commercial Vehicle Advance Driver Assistance System Market 2016-2020
- Global Automotive Advance Driver Assistance System Market 2016-2020
- Global Automotive Surround View Systems Market 2016-2020
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