Driver Safety Market Key Vendors, Trends and Forecast by 2031

MARKET OVERVIEW

Driver safety systems are respective type of arrangements that aids driver with tasks like braking, steering and monitoring. These systems provide a two-second warning to drivers whenever the car is approaching towards any obstacle. Driver safety systems keep drivers alert to hazards like pedestrians, lane changes, and short braking distances for avoiding road accidents. Driver safety market is expected to rise significantly in coming years all over the world.

MARKET SCOPE

The

"Global Driver Safety Market Analysis to 2031"

is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the driver safety market with detailed market segmentation by technology, vehicle type, and geography. The report provides key statistics on the market status of the leading driver safety market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on technology, the global driver safety market is segmented into passenger car driver fatigue monitoring system and passenger car distraction monitoring system.
  
•   On the basis of vehicle type, the market is segmented into passenger cars and commercial vehicles.
  

MARKET DYNAMICS

Drivers:

•   Increasing production of vehicles and rising demand for hybrid and electric vehicles.
  
•   Rising urbanization and increasing per capita disposable income to boost the market growth of driver safety systems.
  
•   Rapid technological advancements and growing safety concerns further drive the demand for driver safety systems.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The driver safety market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the driver safety market in these regions.

IMPACT OF COVID-19 ON DRIVER SAFETY MARKET

The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities. This pandemic restricted the movement of people from one place to another. Also, due to less demand, production of automobiles saw significant decline. This all impacted the driver safety market negatively.

MARKET PLAYERS

The report covers key developments in the driver safety market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from driver safety market are anticipated to lucrative growth opportunities in the future with the rising demand for driver safety in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the driver safety market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Continental AG
  
•   DENSO Corporation
  
•   edgetensor technologies inc.
  
•   Faststream Technologies
  
•   Future Fleet International
  
•   Meitrack Group
  
•   Rear View Safety, Inc.
  
•   Robert Bosch GmbH
  
•   Smart Eye AB
  
•   STONKAM CO.,LTD.
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Driver Safety Report Scope