Growth Opportunities in the Driver Monitoring Systems (DMS) Market 2030

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global driver monitoring systems (DMS) market size was USD 1,308.43 Million in 2021 and is expected to register a revenue CAGR of 10.5% over the forecast period, according to the latest report by Reports and Data

 

The global driver monitoring systems (DMS) market size was USD 1,308.43 Million in 2021 and is expected to register a revenue CAGR of 10.5% over the forecast period, according to the latest report by Reports and Data. In addition to technological advancements in the automotive industry, the development of autonomous and connected cars, as well as the increasing need to reduce road accidents, have fueled the growth of the DMS market. Customers are increasingly aware and expecting safe driving as part of their expectations, which contributes to the growth of the market.

A number of governments around the globe have implemented stringent rules and regulations to ensure the safety of motorists, pedestrians, and cyclists, which is expected to boost the market's growth over the forecast period. Driver Monitoring is an electronic system built around camera and sensors that monitor the alertness of the driver, check how alert he or she is, how healthy he or she is, and how current they are. When a driver shows signs of drowsiness or distraction, the driver is warned by a driver monitoring system (DMS).

The driver monitoring capabilities of Eyesight Technologies are provided by an Israel-based company that uses embedded computer vision and artificial intelligence (AI). As part of the company's driver monitoring solutions, called 'Drive Sense,' drivers are monitored for their head position, eye blink rate, gaze vectors, and other visual attributes in order to determine if the driver is distracted or sleepy.

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The driver monitoring system (DMS) is indeed based on components such as cameras and sensors that monitor various aspects of the driver's behavior and state. The primary objective of DMS is to ensure driver safety by detecting signs of drowsiness, distraction, or other factors that may impair driving ability. By monitoring the driver's alertness, vigilance, health, and current state, the system can issue warnings or alerts to prevent potential accidents.

One of the key features of DMS is its ability to identify the driver. This can be useful in various scenarios, such as personalized settings and preferences, access control, or even enabling specific driver assistance functions based on individual characteristics. The identification and control functions of DMS often rely on eye tracking technology, which allows the system to understand where the driver is looking and analyze their eye movements.

These advancements in driver monitoring technology contribute to enhanced safety and more intuitive use of the latest generation of driver assistance functions. By constantly monitoring the driver and providing real-time feedback, DMS can play a crucial role in preventing accidents caused by human factors.

Monitoring Type Outlook (Revenue, USD Billion; 2019-2030)

  • Driver State Monitoring
    • Drowsiness Fatigue Monitoring
    • Drunk Driving Monitoring
    • Driver Alertness monitoring
    • Identity recognition monitoring
    • Other Driver state monitoring
  • Driver Health monitoring
    • Blood pressure monitoring
    • Body temperature monitoring
    • Pulse rate monitoring
    • Heart beat monitoring
    • Other Driver health monitoring

Component Outlook (Revenue, USD Billion; 2019-2030)

  • Interior camera
  • Sensors
    • Biometric sensors
    • Gas sensors
    • Pressure mats
    • Steering angle sensors
    • Other sensors
  • Other components

Instrument Outlook (Revenue, USD Billion; 2019-2030)

  • Hardware
  • Software

Vehicle Type Outlook (Revenue, USD Billion; 2019-2030)

  • Commercial vehicle
  • Passenger vehicle

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However, despite the increasing demand for DMS, there are some challenges and concerns that the market may face. Data protection and privacy concerns are significant considerations, as DMS collects sensitive information about the driver's behavior and health. Ensuring the security of this data and adhering to privacy regulations is vital for the widespread adoption of DMS.

Cybersecurity is another important aspect, as DMS relies on electronic components and connectivity. Protecting the system from potential hacking or unauthorized access is crucial to maintain its integrity and prevent any malicious interference

Furthermore, there may be infrastructural challenges in deploying DMS adequately. This includes factors such as the availability and compatibility of the required hardware components in vehicles, integration with existing systems, and providing sufficient technical support for implementation.

Regulatory compliance is also a factor that could impact the growth of the automotive driver monitoring system market. Authorities may impose specific regulations regarding the capture and use of driver health monitoring systems. Compliance with these regulations can be a complex process and may require significant investment and effort from manufacturers.

Key Regional Markets Covered in the Report:

  • North America (U.S., Canada, Mexico)
  • Europe (U.K., Italy, Germany, Spain, France, BENELUX, Rest of Europe)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of Asia Pacific)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)

Top Companies Operating in the Global Driver Monitoring Systems (DMS) Market:

Faurecia, Tata Elxsi, Aptiv PLC, Johnson Controls Inc, Magneti Marelli, Valeo, Continental, Bosch, Visteon, and Denso

Some Key Highlights from the Report

  • As far as types of monitoring are concerned, the driver state monitoring type dominated the market in 2019. Road accidents have increased every year across several countries. A large number of these collisions were victims of work-related road collisions, including 25,250 deaths in 2017 and 135,000 serious injuries. Despite the fact that the exact number is unknown, it is estimated that 40% of all road deaths are the result of work-related accidents. With the inclusion of driver state monitoring systems, it can be minimized the number of accidents on the road and thus the number of casualties. Governments are making efforts to minimize the number of accidents on the road. In the forecasted period, this factor will drive the growth of the driver state monitoring segment.
  • There will be a significant growth in DMS systems as they play an increasingly important role in human-machine interactions (HMI). Sensors held a share of over 62% of the market in 2019. In addition to user interface enhancements to produce smart dashboards and related HMI in an in-vehicle situation, information overload has become increasingly prevalent with active safety (ADAS) and autonomous driving.
  • Various OEMs across geographies installed DMS systems across various models in 2019, which led to the hardware segment occupying the major share of the market. Cameras and sensors are among the major hardware systems used by car manufacturers, and DMS built on top of cameras are critical to next-generation ADAS. Vehicle manufacturers and transportation companies are increasingly integrating DMS into their systems to reduce crashes related to drowsiness and distraction. It is essential that they are present in all autonomous vehicles which meet SAE (Society of Automotive Engineers) levels 3-4 - because they are vital for the driver to be awake, alert, and capable of taking over once "hands-off and feet-off" mode has been activated.
  • As a result of the growing government regulations concerning the safety of drivers as well as the increasing demand among consumers for convenience and luxury features, the demand for Driver Monitoring Systems accounted for the largest share of the end user segment across passenger vehicles. The driver monitoring systems in passenger vehicles play an important role.
  • Driver monitoring systems (DMS) are expected to grow significantly in the Asia Pacific region. New opportunities are expected to emerge in the Asia Pacific market due to the increasing incidence of road accidents and the increasing popularity and demand for luxury cars. As the number of accidents in the region increases, the market for driver monitoring systems is also expected to be significantly affected.

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