Outlook on the Drowsiness Monitors Global Market to 2030 - Increase in Automotive Production Levels Favors Market Growth


Dublin, Feb. 28, 2023 (GLOBE NEWSWIRE) -- The "Drowsiness Monitors: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

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 for 2023?

  • 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

Report Metrics:

Report AttributeDetails
No. of Pages264
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$1.8 Billion
Forecasted Market Value (USD) by 2030$3.8 Billion
Compound Annual Growth Rate9.8%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Safety Gains Prime Importance in Vehicle engineering
  • Recent Market Activity
  • Implying the Need for Drowsiness Monitors
  • Road Crash Statistics Worldwide - In a Nutshell
  • A Quick Glance at Road Crash Stats in the US
  • Consumer Awareness and Perceptions Regarding Safety
  • Regulations on Road Safety: Influencing Market Growth
  • Need for Standardizing Functionalities and Warning Signals of Drowsiness Monitors
  • Integration with Human-Machine Interface to Benefit Market Acceptance
  • Developments in Automotive Safety Systems Transforming Driving Experience
  • Developed Nations to Lead the Market Growth
  • Peek into the Available Driver Alert Systems
  • Driver Alert Systems from Leading Auto Manufacturers
  • Drowsiness Monitors - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Growing Role of Electronics in Automotives: Positive Indicator for Drowsiness Monitors
  • Drowsiness Alerts to Keeping Driver Awake
  • Increase in Automotive Production Levels Favors Market Growth
  • Sleep Disorders: Role in Drowsy Driving-related Accidents
  • Smart Seats for Detection of Drowsy Driving

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/a57kdj

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Attachment

 
Global Market for Drowsiness Monitors

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