PUBLISHER: Polaris Market Research | PRODUCT CODE: 1421582
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1421582
The global driver attention alert system market size is expected to reach USD 19.19 billion by 2032, according to a new study by Polaris Market Research. The report "Driver Attention Alert System Market Share, Size, Trends, Industry Analysis Report, By Component (Sensors and Cameras); By Type; By Vehicle; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Increasing need and demand for advanced car safety features and rising concerns for road or traffic safety all over the world due to the rising number of vehicles moving on the road, coupled with the growing focus of government authorities or organizations towards promoting road safety and greater enforcement of laws in order to reduce the number of accidents happening due to drowsiness or fatigue of drivers, are prominent factors boosting the global market growth.
In addition, the rapid development of autonomous vehicles that significantly requires innovative cameras and sensors to drive vehicles with higher safety and surging use of advanced technologies like artificial intelligence and machine learning in safety systems like drowsiness detection system are further likely to create lucrative growth opportunities for the market in the near future.
For instance, in March 2023, the Delaware Department of Transportation introduced its new wrong-way detection system with an aim to improve road safety by alerting drivers going on the wrong way by flashing red lights on Wrong Way signs.
As vehicles become more advanced and are integrated with autonomous features, driver attention alert systems are being increasingly used with advanced driver assistance systems and autonomous driving technology, which plays a crucial role in ensuring that drivers remain engaged and ready to take control when needed and resulting in new growth or revenue opportunities for the players operating in the market.
Furthermore, with the constant increase in the use of linked cars and Internet of Things and surging number of consumers worldwide benefiting from enhanced or improved driving experiences because of the integration of these driver alert systems with connected car capabilities such as voice recognition, smartphone connectivity, and Global Positioning System navigation, the demand and need for safety systems like driver attention alert system have grown drastically.
Polaris Market Research has segmented the driver attention alert system market report based on component, type, vehicle, and region: