Dublin, Dec. 15, 2016 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Commercial Vehicle Driver State Monitoring System Market 2016-2020" report to their offering.
The global commercial vehicle driver state monitoring system market to grow at a CAGR of 7.20% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global commercial vehicle driver state monitoring system market for 2016-2020. To calculate the market size, the report covers the analysis and forecasts of the global commercial vehicle driver state monitoring system market. The report also includes a discussion of the key vendors operating in this market.
One of latest trends in the market is cost reduction in advanced driver assistive technologies with development of cheaper yet robust materials. The automotive industry is witnessing an evolution in driver assisting technologies. Though most of the driver assistive safety technologies used in the passenger car segment are in the growth stage, the adoption rate of such technologies in light commercial vehicles and heavy commercial vehicles is still in the introduction stage. One of the primary reasons for the higher penetration rate of the driver state monitoring system in the passenger car segment, especially in luxury cars, is the less price-sensitive nature of this vehicle segment leading to high adoption of advance technologies.
According to the report, one of the primary drivers in the market is need for technology that can curb road accidents caused due to drowsiness in drivers. Drowsiness and fatigue in drivers are major factors leading to road accidents, especially for commercial vehicle drivers that need to travel long distances for logistics and transportation purposes. According to research, more than 20% of the crashes reported in 2010 were caused due to drowsiness or fatigue of drivers. Also, it was found that more than 10% of the rear-end vehicle collisions were caused due to fatigue-related problems. The number of vehicle collisions is increasing, and so is the fatality rate. This has been a major cause of concern for fleet operators as well as the governments of various countries.
Further, the report states that one major challenge in the market is high pricing of driver assistive safety technology leading to low adoption rate. The global commercial vehicle driver state monitoring system market is expected to grow at decent pace during the forecast period; however, the market penetration of such systems is a major challenge. The adoption rate of advanced driver assistive safety systems is low in commercial vehicles. Fleet operators are the major end-users of advanced driver assistive safety systems. Developed countries such as the US, Canada, and European nations have contributed the most to the global commercial vehicle driver state monitoring system market. However, the emerging and developing nations have fallen short in terms of adoption rate.
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Key vendors
- Bosch
- EDGE3 Technologies
- Seeing Machines
- Takata
Other prominent vendors
- Caterpillar
- Xilinx
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by geography
Part 07: Key leading countries
Part 08: Market drivers
Part 09: Market challenges
Part 10: Market trends
Part 11: Vendor landscape
Part 12: Key vendor analysis
Part 13: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/vqtbhz/global_commercial