Driver Alert System Market

Driver Alert System Market Outlook (2023 to 2033)

The global driver alert system market size reached US$ 30.97 billion in 2022, according to the recently published market study by Fact.MR, with worldwide demand for driver alert systems recording a stellar CAGR of 15.8% from 2018 to 2022. The market is predicted to expand at 14.1% CAGR and reach US$ 132.16 billion by 2033-end.

Recent technological advancements in sensor technology along with surging demand for ADAS (advanced driver assistance systems) are predicted to generate lucrative opportunities for industry players. Driver alert system manufacturers are concentrating on the safety of drivers. Therefore, sensors and cameras are used at a larger scale to avoid road accidents because of drowsiness and fatigue.

• Sales of sensor-based driver alert systems are projected to increase at a CAGR of 14.5% and reach US$ 58.02 billion by 2033.
• Demand for driver alert systems in Germany is set to expand at 15.4% CAGR and reach a value of US$ 18.37 billion by 2033-end.

Safety is the prominent element of every service and product. The automotive industry is undergoing a significant transformation based on enhancements in environmental safety, energy efficiency, and safety management techniques. The majority of government regulatory bodies are emphasizing improving safety standards, policies, and procedures to reduce and prevent the damage and fatality caused by road accidents.

Drivers can be fatigued or sluggish because of multiple reasons. Disoriented drivers slowly react owing to fatigue in some adverse situations, including overspeeding or accidents. Driver alert system monitors are used at a significant rate to detect irregular patterns of driving and to alert drivers to take corrective actions to prevent mishaps.

Infrared LED detectors are generally integrated into cameras and sensors to monitor the attention levels of drivers. They can track eye movements & eyelid activity and monitor the head position of respective drivers. The driver alert system is used for the collection of information about movements, vehicle activity, and the gaze direction of the driver through installed cameras and sensors. Furthermore, the system responds through alerts to assist drivers in taking real-time decisions during emerging situations.

Report Attributes	Details
Driver Alert System Market Size (2022)	US$ 30.97 Billion
Estimated Market Value (2023)	US$ 35.34 Billion
Predicted Market Value (2033)	US$ 132.16 Billion
Global Market Growth Rate (2023 to 2033)	14.1% CAGR
Steering and Seat Vibration Segment Growth Rate (2023 to 2033)	13.9% CAGR
United States Market Value (2033)	US$ 45.33 Billion
China Market Value (2033)	US$ 26.17 Billion
Japan Market Growth Rate (2023 to 2033)	12.9% CAGR
Key Companies Profiled	Continental AG; STONAKM Co. LTD.; Daimler AG; Delphi Technologies; Magna International Inc.; DENSO Corporation; HELLA GmbH & Co. KGaA; Infineon Technologies AG; Robert Bosch GmbH; Ford Motor Company; Faurecia SE; Johnson Controls Inc.; Nissan Motor Co. Ltd.; Magneti Marelli S.p.A.; Tata Elxsi; Nissan Motor Co. Ltd.; Visteon Corporation; Valeo SA; ZF Friedrichshafen AG

Which Key Trends are Generating Growth Opportunities for Market Players?

“Growing Concerns about Road Safety Boosting Adoption of Driver Alert Systems”

• According to WHO (World Health Organization), around 1.3 million people succumb to road accidents on an annual basis globally. The organization also identified that road accidents are one of the prominent causes of death among people aged between 5 to 29 years.

Road traffic is also predicted to impact the GDP of various countries around the world. Slow and chaotic traffic movements cause a waste of energy and time, which further impacts productivity and GDP. The majority of governments are enforcing some stringent regulations with the aim to improve road safety.

The thriving demand for improved road and vehicle safety is estimated to boost sales of driver alert systems in the automotive sector. Safety features, including driver alert systems, are increasingly being integrated into small and medium vehicles. Such features are commonly found in numerous luxury cars.

“Application of New-age Technologies Driving Integration of Driver Alert Systems in Vehicles”

The new-age sensor technology is adopted widely in intelligent transportation systems that include driver fatigue alerts, road safety alerts, weather alerts, etc. Therefore, driver alert systems are becoming popular due to the thriving demand from the automotive industry.

Numerous advancements taking place in sensor technology are leading to the development of various advanced safety solutions. To minimize the risk of road accidents, driver alert systems are widely applied. It is installed for driver eye/face monitoring, vehicle position monitoring, and steering pattern monitoring to prevent accidents owing to road hazards, drunk driving, driver fatigue, and some other reasons.

What are the Obstacles Encountered by Suppliers of Driver Alert Systems?

“Concerns about Data Privacy and Infrastructural Challenges”

Issues related to data privacy are estimated to limit the installation of driver alert systems. Moreover, infrastructural challenges are also predicted to hinder market growth opportunities. Data is relegated to the respective cloud platform for the analysis of driver behavior. There are a lot of drivers who are concerned about the privacy of the in-vehicle video because of potential exposure through cloud platforms.

What is Promoting the Growth of Start-ups in This Market?

“Internet of Things (IoT), Big Data Analytics, and Artificial Intelligence (AI) Unveiling Opportunities for New Companies”

Technological advancements taking place in the Internet of Things (IoT), big data analytics, and AI (artificial intelligence) are predicted to generate lucrative opportunities for start-ups, according to Fact.MR, a market research and competitive intelligence provider. Machine learning algorithms are significantly used to analyze billions of data to accurately access a driver’s behavior and send alerts at appropriate times.

Country-wise Insights

What is the Market Scenario for Driver Alert Systems in the United States?

“Market Benefiting from Presence of Advanced Automotive Infrastructure”

Sales of driver alert systems in the United States are anticipated to advance at a CAGR of 14.2% and reach US$ 45.33 billion by 2033.

Increased adoption of digital advancements and the presence of advanced automotive infrastructure is predicted to boost the demand for driver alert systems. Furthermore, governmental agencies are also emphasizing safety measures while driving. There has been a significant increase in the demand for electric and passenger vehicles, which is positively impacting sales of driver alert systems.

Which Aspect is Propelling the Sales of Driver Alert Systems in Japan?

“Surging Demand for Premium and Luxury Vehicles”

The Japanese market is predicted to advance at a CAGR of 12.9% and reach a valuation of US$ 9.38 billion by 2033. The growing demand for luxury and premium vehicles along with the rising production of a wide variety of automotive and electric vehicles are driving sales of driver alert systems.

Why is the United Kingdom Market Lucrative for Driver Alert System Providers?

“Increasing Emphasis on Constant R&D Activities to Enhance Safety”

The United Kingdom market for driver alert systems is forecasted to expand at a 14.5% CAGR and reach a valuation of US$ 10.84 billion by the end of the projected period.

Rapid expansion of the automotive sector along with the presence of well-developed manufacturing units is predicted to fuel demand for driver alert systems. In addition, constant R&D activities for safety during driving are also expected to play a significant role in market growth.

Category-wise Insights

Why are Sensor-based Driver Alert Systems Highly Popular?

“Increasing Use of Sensors to Monitor Potential Risks and Get Timely Alerts”

Sales of sensor-based driver alert systems are projected to increase at a 14.5% CAGR and reach a value of US$ 58.02 billion by 2033.

Sensors are used at a significant rate in various driver alert systems to send alerts and monitor potential risks caused due to weather, road risks, etc. The diverse application of sensors as a significant component in vehicle safety systems is boosting their demand. Sensors can detect road, temperature, and weather conditions and act as crucial parts in generating timely alerts.

How is Rising Demand for Steering & Seat Vibration Alerts Creating Opportunities for Market Players?

“Rising Application of Steering & Seat Vibration for Sending Alerts about Lane Change and Fatigue”

Demand for steering & seat vibration is forecasted to advance at a CAGR of 13.9% and reach US$ 43.08 billion by 2033. These types of alert systems are prominently utilized in seats and steering wheels. The steering wheel produces certain vibrations to alert drivers if lanes are changed too slowly or if fatigue and drowsiness occur while driving.

How is Growing Demand for Passenger Vehicles Contributing to Market Expansion?

“Increasing Use of Driver Alert Systems in Luxury and Small Passenger Vehicles”

In recent years, passenger vehicles have been holding a dominating position in the global market followed by different types of commercial vehicles, including heavy commercial vehicles, light commercial vehicles, buses & coaches, etc.

The increased demand for passenger vehicles is leading to the growing adoption of driver alert systems in luxury to small vehicles. Moreover, driver safety and connectivity solutions are also gaining popularity due to rising awareness of safety among several people.

Key Market Players

Companies in the driver alert system landscape are involved in new developments, maintaining product standards, providing quality products, strengthening supply chain management systems, and others to generate lucrative opportunities.

The presence of various players is leading to increased competitiveness among them. Therefore, players are adopting many strategies to gain traction, including product launches, mergers, collaborations, etc.

For instance :

• In June 2022, Valeo entered into a collaboration with BMW Group to offer advanced driver assisting systems that are comprised of driver alert systems. It provides an enhanced driving experience while providing information about abnormalities in vehicle surroundings by obtaining real-time mapping.

Key players in the driver alert system market are Continental AG, STONAKM Co. LTD., Daimler AG, Delphi Technologies, Magna International Inc., DENSO Corporation, HELLA GmbH & Co. KGaA, Infineon Technologies AG, Robert Bosch GmbH, Ford Motor Company, Faurecia SE, Johnson Controls Inc., Nissan Motor Co. Ltd., Magneti Marelli S.p.A., Tata Elxsi, Nissan Motor Co. Ltd., Visteon Corporation, Valeo SA, and ZF Friedrichshafen AG.

Segmentation of Driver Alert System Industry Research

• By Component :

  • Sensors
  • Cameras

• By Alert :

  • Steering & Seat Vibration
  • Sound Alerts

• By Type :

  • Fatigue
  • Drowsiness
  • Drunk Driving

• By Vehicle :

  • Passenger Vehicles
  • Commercial Vehicles

• By Supplier :

  • OEMs (Original Equipment Manufacturers)
  • Aftermarket

• By Propulsion :

  • Gasoline-propelled
  • Diesel-propelled
  • Hybrid-propelled
  • Electric-propelled

• By Region :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa