Global Driver Safety Market for Passenger Cars: Overview
Passenger cars are highly used due to increasing pressure from the government authorities regarding safety systems for passengers and drivers in order to prevent accidents caused by tiredness and drowsiness. Recently, increased road accidents caused by driver distraction have resulted in the government to set strict regulations on the passenger cars driver. Mining industries involve long working hours, shifts, extreme work conditions, and monotonous and dangerous routes. These factors contribute considerably to driver distraction and fatigue, which may lead to serious threats to the life of the driver and other mine operators.
Global Driver Safety Market for Passenger Cars: Growth Factors
Rising technological advancements in the driver safety market for passenger cars may drive the demand in the global market in future. In addition, increasing health and safety concerns is another factor that is anticipated to contribute to the market growth in the near future. The major growth factor of the global driver safety market for passenger cars is growing demand for comfort and luxury in passenger cars. However, stringent safety regulations set by the government is expected to propel the growth of global driver safety market for passenger cars. Conversely, a high cost of the system and complexity associated with it may hinder the global driver safety market for passenger cars in future. Many passenger cars adopt distraction monitoring systems, which may fuel global market in the future.
Global Driver Safety Market for Passenger Cars: Segmentation
The global driver safety market for passenger cars is segmented on the basis of off-highway as mining equipment and construction equipment. Based on technology, the global market is bifurcated as pressure or angle steering sensor, facial expressions or head movements, passenger car driver fatigue monitoring system, passenger car distraction monitoring system, eye-tracking or blink-monitoring, lane departure system, and heart rate monitoring. The global driver safety market for passenger cars is fragmented based on geography as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Global Driver Safety Market for Passenger Cars: Regional Analysis
Asia Pacific is the dominating region in the global driver safety market for passenger cars and is anticipated to continue its influence in the near future. Enhancing socio-economic conditions in the developing economies such as Thailand, China, Indonesia, and India also foster the global market in the coming future. Increasing road accidents caused by the distracted drivers in India and China may propel the demand for driver fatigue monitoring systems.
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Global Driver Safety Market for Passenger Cars: Competitive Players
Key players in the global driver safety market for passenger cars are Robert Bosch GmbH, Infineon Technologies AG, Optalert Pty Ltd., Continental AG, and Smart Eye AB. Others players influencing the global market are Denso Corporation, Magna International Inc., Seeing Machines, Tobii AB, and Valeo S.A.