Commercial Vehicle Driver State Monitoring System Market Present Scenario and Growth Prospects 2016-2020
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. 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
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This analyst forecast the global commercial vehicle driver state monitoring system market to grow at a CAGR of 7.20% during the period 2016-2020. This 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, This 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
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.
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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?
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