Driver Alert System Global Market Report 2024

The driver alert system market size has grown rapidly in recent years. It will grow from $7.05 billion in 2023 to $7.96 billion in 2024 at a compound annual growth rate (CAGR) of 13%. The growth during the historic period can be attributed to advancements in automotive electronics, increased road traffic, heightened demand for vehicle safety, greater awareness of distraction risks, and the emergence of telematics.

The driver alert system market size is expected to see rapid growth in the next few years. It will grow to $13.11 billion in 2028 at a compound annual growth rate (CAGR) of 13.3%. The growth in the forecast period can be driven by the demand for real-time monitoring, escalating concerns over driver distraction, increasing adoption of electric vehicles, heightened focus on fleet safety, and a rise in demand for personalized safety features. Key trends expected to shape the market during the forecast period include technological advancements, adoption of artificial intelligence (AI), development of multi-sensor systems, use of data analytics for performance optimization, and the integration of advanced sensors.

The increasing frequency of road accidents is anticipated to drive the growth of the driver alert system market. Road accidents, defined as collisions involving one or more vehicles on publicly accessible roads resulting in injuries or fatalities, are on the rise due to factors such as distracted driving, higher speeds, and poor infrastructure. Driver alert systems contribute to accident reduction by delivering real-time alerts to drivers, thereby decreasing the likelihood of accidents due to fatigue, distraction, or inattention. For instance, data from the National Highway Traffic Safety Administration in the US revealed that in the first quarter of 2022, road fatalities increased by 7% to 9,560, up from 8,935 in the same period of 2021. This escalation in road accidents is propelling the demand for driver alert systems.

Leading players in the driver alert system market are innovating with advanced technologies such as impaired driving prevention systems to maintain a competitive advantage. These systems passively monitor driver behavior to detect signs of impairment, particularly from alcohol consumption. In January 2024, Magna International, a Canadian mobility technology company, launched a new breath and camera-based technology aimed at preventing impaired driving. This system integrates interior sensing technologies with infrared sensors from Senseair to monitor indicators such as driver distraction, fatigue, and intoxication through pupillary signs, as well as alcohol and carbon dioxide levels in the driver's breath. This technology ensures drivers are fit to drive by passively detecting intoxication levels at or above 0.08% blood alcohol content, except in Utah where the limit is 0.05%.

In January 2023, Magna International Inc., a prominent Canadian automotive parts manufacturer, acquired the Active Safety division of Veoneer, a Swedish automotive technology company known for its driver alert systems. The acquisition strengthens Magna's capabilities in addressing the complexities of advanced software, systems, and integration challenges in the automotive industry, enhancing its ability to offer a comprehensive suite of solutions to its customers.

Major companies operating in the driver alert system market are Ford Motor Company, Mercedes-Benz Group AG, Robert Bosch GmbH, Nissan Motor Co. Ltd., DENSO Corporation, ZF Friedrichshafen AG, Continental AG, Hyundai Mobis Co. Ltd., Magna International Inc., Faurecia SE, Johnson Controls Inc., Valeo SA, Nidec Corporation, Infineon Technologies AG, BorgWarner Inc., Magneti Marelli S.p.A., HELLA GmbH & Co. KGaA, Garmin Ltd., Delphi Technology Inc, Visteon Corporation, VOXX International Corporation, Tata Elxsi Ltd., STONAKM Co. Ltd., Astro Optics Pvt Ltd., Dinalog Inc.

North America was the largest region in the driver alert system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the driver alert system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the driver alert system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Driver alert systems are advanced safety technologies designed to detect signs of driver fatigue, distraction, or inattention and provide real-time alerts to help prevent accidents. These systems employ sensors, cameras, and other monitoring devices to assess driver behavior and vehicle dynamics, thereby enhancing road safety.

The primary components of driver alert systems include sensors and cameras. Sensors are electronic devices embedded within these systems to monitor parameters such as vehicle position, speed, and driver actions. Various types of driver alert systems, such as audible alarms, steering, and seat vibration alerts, are available through different distribution channels, including aftermarket and original equipment manufacturers (OEMs). These systems are utilized across multiple applications, including passenger cars and commercial vehicles.

The driver alert system market research report is one of a series of new reports that provides driver alert system market statistics, including driver alert system industry global market size, regional shares, competitors with a driver alert system market share, detailed driver alert system market segments, market trends and opportunities, and any further data you may need to thrive in the driver alert system industry. This driver alert system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The driver alert system market consists of sales of haptic feedback devices, integrated dashboard displays, integration tools, and reporting tools. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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