Quick Summary:
Navigating the rapidly growing $1.8 billion Drowsiness Monitors market is complex and fast-paced, with immense potential for businesses ready to meet its challenges head-on. This comprehensive report provides vital insights towards understanding and leveraging the growth areas within this unique industry. By 2030, the market is projected to reach $3.8 billion, signifying considerable opportunities for keen investors and stakeholders alike.
The report delves into segment analysis, providing vital insights on the performance of key areas, including Sensors and Testing Equipment. Notably, these segments forecast strong growth rates of 9.1% and 9.8% respectively over the next 8 years, presenting substantial investment potentials. Additionally, a keen focus on geographic markets such as the U.S, China, Japan, Canada, and Germany highlights intriguing avenues for expansion. To stay ahead of the curve and unlock potential growth avenues in the Drowsiness Monitors' market, this comprehensive report is an essential tool for senior business executives.
Global Drowsiness Monitors Market to Reach $3.8 Billion by 2030
The global market for Drowsiness Monitors estimated at US$1.8 Billion in the year 2022, is projected to reach a revised size of US$3.8 Billion by 2030, growing at a CAGR of 9.6% over the analysis period 2022-2030. Sensors, one of the segments analyzed in the report, is projected to record a 9.1% CAGR and reach US$1.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Testing Equipment segment is readjusted to a revised 9.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $531.5 Million, While China is Forecast to Grow at 9% CAGR
The Drowsiness Monitors market in the U.S. is estimated at US$531.5 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$653.6 Million by the year 2030 trailing a CAGR of 9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.5% and 8.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.5% CAGR.Select Competitors (Total 24 Featured) -
- BMW AG
- Daimler AG
- Denso Corporation
- Ford Motor Company
- Robert Bosch GmbH
- Seeing Machines Limited
- Tobii Technology AB
- Volkswagen AG
- Volvo Car Corporation
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Drowsiness Monitors?
What is the growth rate of the Global Market for Drowsiness Monitors?
What is the forecasted size of the Global Market for Drowsiness Monitors?
Who are the key companies in the Global Market for Drowsiness Monitors?
| Report Attribute | Details |
|---|---|
| No. of Pages | 264 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 1.8 Billion |
| Forecasted Market Value ( USD | $ 3.8 Billion |
| Compound Annual Growth Rate | 9.8% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- BMW AG
- Daimler AG
- Denso Corporation
- Ford Motor Company
- Robert Bosch GmbH
- Seeing Machines Limited
- Tobii Technology AB
- Volkswagen AG
- Volvo Car Corporation
