Global Driver Safety Market analyzed by Type (Driver Alertness Detection System, Vehicle-to-Vehicle Communication, Electronic Stability Control (ESC), Eye-Tracking/Blink-Monitoring, Pressure/Angle Steering Sensor, Lane Departure Warning, and Others), by Vehicle Type (Passenger, and Commercial), and regional forecast 2019 to 2022.
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Driver Safety Global Market Overview:
Due to strict regulations regarding driver safety, the Global Driver Safety Market to witness growth by 2022. Driver safety assesses the ability of a driver, regardless of age, to control a vehicle and respond appropriately to changing traffic conditions. growing concerns regarding road accidents have surge the demand for the driver safety technologies. Increasing road accident have made the manufacturer to work on the automotive safety & technologies to prevent the accidents. With the introduction of new technologies such as driver alertness detection system, electronic stability control (ESC), and others has contributed in the growth of the driver safety market. These technologies tackle the safety issues and various causes such as driver’s distraction caused by tiredness and drowsiness and have helped to lower down the road accidents in the recent times.
Market Research Future (MRFR) has published and released a research report about the global driver safety market that predicts growth for this market between 2016 and 2022. Observing the market structure, this report evaluates the future growth potential of the market. It observes the strategies of the key players in the market and follows the competitive developments such as joint ventures, new product developments, mergers and acquisitions, research and developments (R & D) in the market.
Asia-Pacific is the major regions for the driver safety market. Asia-Pacific is expected to show significant growth in driver safety market. Government regulations regarding safety, increasing competition in the automotive industries have led manufacturers to adopt the safety technologies which in turn will boost the driver safety market.
Markets in North America and Europe are expected to show the static growth because the driver safety market has already been established in these regions due to safety awareness, strict traffic rules, and concerns for the road safety. In North America, due to technological advancement, many advanced cars with elaborate driver security system are available in the market. Many key players in this market are also based in the United States of America (USA) which is the strongest economy in North America. Support from the government also helps car manufacturers to develop driver security technologies. Other important country-based markets in North America are Canada and Mexico. During the forecast period, Europe is expected to emerge as the third largest market. Germany is the biggest country-specific market in this region due to increase safety concern for the driver and passenger. Other important country-specific markets in this region are France, Spain, and the United Kingdom (UK), followed by the rest of Europe.
Driver Safety Market Segmentation:
The global driver safety market has been segmented on the basis of type, vehicle type, and region. By types, this market has been segmented into driver alertness detection system (DADS), electronic stability control (ESC), eye-tracking/blink-monitoring, lane departure warning (LDW), pressure/angle steering sensor, vehicle-to-vehicle communication, and others. The new technologies can tackle various causes such as the driver’s distraction caused by drowsiness and tiredness. They have also helped to reduce the number of road accidents in the recent times. The segmentation on the basis of vehicle types segments the market into passenger vehicles and commercial vehicles.
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