Driver Alert Systems Market To Reach A Valuation Of ~US$ 4 Billion By 2027

Transparency Market Research has published a new report on the global driver alert systems market for the forecast period of 2019–2027. According to the report, the global driver alert systems market is projected to reach a value of US$ 4 Bn by 2027, expanding at a CAGR of ~15% during the forecast period.

Global Driver Alert Systems Market: Key Findings

According to the report, the global driver alert systems market is likely to be driven by a rise in the preference for safety among consumers.
Driver drowsiness has been a major cause of road accidents early in the morning, and it has been a leading cause for a large number of road fatalities.
Rising demand for luxury vehicles among consumers has played a key role in propelling the market for driver alert systems, as most luxury vehicles are equipped with such alert systems to make them highly safe.

Planning To Lay Down Future Strategy? Request Sample https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=65927

Expansion of Global Driver Alert Systems Market

The driver alert systems market is estimated to expand at a notable pace during the forecast period. Europe and North America are highly developed markets for driver alert systems. High emphasis on the development of traffic safety and stringent traffic regulations in these regions have prompted manufacturers to integrate such safety systems into their vehicles, thus driving the driver alert systems market.
Consequently, automakers are adopting driver alert systems to gain a competitive advantage and offer product differentiation in addition to developing safer vehicles. Fatigue and drowsiness are key reasons for road fatalities around the globe. Driver alert systems reduce accidents caused due to driver fatigue by alerting the driver and prompting him to focus on driving or to take a break. Urgency to reduce fatalities and prevent road accidents is expected to drive the driver alert systems market.
Driver alert systems had earlier been incorporated only in the top models of a few vehicles; however, rising preference and awareness among consumers about traffic safety has prompted automakers to offer the driver alert systems in several vehicle models and as an additional optional package.

Curious? Request To Access Market Data Driver Alert Systems Market

Global Driver Alert Systems Market: Regional Analysis

In terms of region, the global driver alert systems market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific held a leading share of the global driver alert systems market, owing to significantly high production of vehicles as compared to that in other regions. Countries in Asia Pacific, such as China and India, have been major exporters in the automotive industry, which has contributed to the prominent share held by Asia Pacific in the global driver alert systems market space.

However, Europe has been a prominent driver alert systems market, owing to the significantly high penetration of these systems. Europe is a major market for premium vehicles, which is also attributed to the significant share held by the region in the global driver alert systems market. Moreover, high safety standards in Europe and higher awareness toward automotive technology played a key role in boosting the driver alert systems market in region.

Global Driver Alert Systems Market: Key Players

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

More Trending Reports by Transparency Market Research –

3D Modeling, 3D Visualization, and 3D Data Capture Market https://www.globenewswire.com/news-release/2019/04/25/1809807/0/en/3D-Modeling-3D-Visualization-and-3D-Data-Capture-Market-to-Reach-US-1-077-1-Mn-by-2026-Noted-TMR.html

Contact Lenses Market https://www.prnewswire.com/news-releases/global-contact-lenses-market-to-clock-cagr-of-4-3-during-2019---2027--new-technologies-focus-on-comfort-and-functionality-transparency-market-research-301001826.html

Internet of Things Testing Market: Latest Trends and Forecast Analysis up to 2025

The Internet of things (IoT) represents a giant network of interconnected devices or things that are embedded in the existing internet infrastructure. These things can include a variety of objects such as electronics devices, vehicles, equipment, sensors, and consumer appliances. The concept may signify the sharing of data and information with people and animals connected to the infrastructure in near-real time. The proliferation of connected devices and the soaring popularity of IoT among enterprises in developed and developing nations have led to the pressing need for Internet of Things testing mechanisms. Developing an effective IoT testing mechanism foregrounds evaluating key aspects such as compatibility and usability of the interconnected devices, security of the network, the connectivity, and overall performance of the system. Furthermore, enterprises implementing IoT should take into account the integration of new devices and technologies with the existing network. A number

Low Power Display Market: Projection of Each Major Segment over the Forecast Period 2017 - 2025

Low power display technology is treated separately from our modern world. High resolution displays with low power are considered by many consumers to represent the low power display technology. The development in optoelectronics and nanotechnology has changed the low power display market . The low power display market consumes of less power than plasma technologies and cathode ray tube (CRT). Low-power features have become essential for liquid crystal displays (LCDs) due to environmental concerns. The technology that saves energy by decreasing the power consumption of the backlight unit in a display panel is considered in in low power display technology. A low refresh-rate technology was introduced in order to further minimize power consumption in the display panel. The low refresh-rate was achieved by employing oxide thin-film transistors (Ox-TFTs) with extremely low leakage currents. However, flicker may be visible due to the current leakage through the liquid crystal (LC

Noise Suppression Components Market: Granular View of The Market from Various End-Use Segments

Noise suppression refers to the methods of reducing and eliminating the effects of unwanted and undesirable sound effects and electrical disturbances which occurs when the level of signal carrier is greater than the noise level. Noise causes intrusion in many electrical devices. However, there are rules to suppress noise, because noise which does not affect a particular electrical device may affect some other electrical device. Further, an electronic device is known as ‘emission’ if it is itself the source of unwanted noise and it is referred to as immunity if the concerned electronic device is the victim of unwanted noise. Electromagnetic interference (EMI) and electromagnetic compatibility (EMC) has made the issue of noise suppression important. Some of the examples of noise suppression components are electromagnetic interference suppression filter which is an electronic component which provides electromagnetic noise suppression techniques for electronic goods. The function of the e

Research Blogs

Search This Blog