Published on : Nov 29, 2017
Albany, New York, November 29, 2017: It is well-known that safety is one of the major concern for the driver and the passengers while traveling. The rising number of road accidents and increasing fatalities in several developed and developing countries has led regional governments to focus on incorporating advanced safety standards for automobiles. In order to provide the convenience of drivers and passengers through a better human-machine interface, manufacturers have introduced driver safety systems. In recent years, the market for driver safety systems has seen astonishing developments sustained by the growing adoption of advanced driver-assistance systems (ADAS) in cars of all types, including passenger cars and off-highway vehicle. Considering these facts, Market Research Hub (MRH) has freshly publicized a new study titled “Driver Safety Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022” to its online repository.
This 170-pages study accurately predicts the future of the market and also gives an overview of the present market situation. It is a result of vigorous research done by a team of expert analysts who have done the needful data crunching and study of market drivers and restraints for every sector of the global market for driver safety systems. The research anticipates that expanding at a CAGR of 7.4% from 2017 to 2022, the global driver safety systems market is anticipated to reach a valuation of US$2,750.0 by the end of the assessment period. The estimated valuation of the market is projected to be US$1,921.3 Mn by 2017 end. The growing demand for ADAS as a part of aftermarket solutions bodes well for the driver safety systems market.
Global Driver Safety Market- Inclusion
One of the most significant features of this report is the detail segment-wise analysis of the market. The segments covered in this reports are end user, region, services & products and application material type, and technology type. The revenue forecast is explained in terms of absolute $ opportunity which is generally ignored while projecting the market. The analysts have triangulated the figures through several parameters which are based on supply side and from demand side as well. Another parameter used for this analysis is Y-o-Y growth. Year-on-Year growth supports to identify the opportunities in future and probability of the global driver safety market.
Moreover, the research has been analyzed on the basis of technology, vehicle type, sales channel, and region.
Asia Pacific excluding Japan (APEJ) anticipated to be Leading Regional Market
Geographically, Asia Pacific excluding Japan (APEJ) is predictable to be the lucrative market for driver safety systems and is estimated to hold the leading revenue share of the global market throughout the forecast period.
The various technologies used for driver safety systems comprise eye-tracking, facial expressions, heart rate-monitoring, steering angle sensor (SAS), and lane departure system. Of these, eye-tracking is projected to lead the technology segment and is expected to witness dominant demand among car buyers. In addition, the research also analyzes that the implementation of safeguards to prevent collision and ensure better control of vehicles by drivers is a noticeable trend emphasizing the market.
Moving further, this comprehensive research report on the global market for driver safety systems gives a top to bottom view of the market with also the brief profiles of key vendors in the market. Some of the key players profiled in the report are Robert Bosch GmbH, Denso Corporation, Smart Eye AB, Seeing Machines, Magna International Inc., Valeo S.A., Continental AG, and Infineon Technologies AG.
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