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.
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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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:
• Americas
• APAC
• EMEA
Technavio's report, Global Commercial Vehicle Driver State Monitoring System Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Bosch
• EDGE3 Technologies
• Seeing Machines
• Takata
Other prominent vendors
• Caterpillar
• Xilinx
Market driver
• Need for technology that can curb road accidents caused due to drowsiness of drivers.
• For a full, detailed list, view our report
Market challenge
• High pricing of driver assistive safety technology leading to low adoption rate.
• For a full, detailed list, view our report
Market trend
• Cost reduction in advanced driver assistive technologies with development of cheaper yet robust materials.
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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:
• Americas
• APAC
• EMEA
Technavio's report, Global Commercial Vehicle Driver State Monitoring System Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Bosch
• EDGE3 Technologies
• Seeing Machines
• Takata
Other prominent vendors
• Caterpillar
• Xilinx
Market driver
• Need for technology that can curb road accidents caused due to drowsiness of drivers.
• For a full, detailed list, view our report
Market challenge
• High pricing of driver assistive safety technology leading to low adoption rate.
• For a full, detailed list, view our report
Market trend
• Cost reduction in advanced driver assistive technologies with development of cheaper yet robust materials.
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
Table of content: https://marketreportscenter.com/reports/455988/global-commercial-vehicle-driver-state-monitoring-system-market-2016-2020#toc
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