The growth of the global driver alert system market is expected to be influenced by a surge in the demand for greater automotive safety. In addition to that, innovations and technological progress made in the advanced driver assistance systems (ADAS) is likely to generate an environment favorable for the growth of the global driver alert system market over the timeframe of analysis, 2020 to 2030. According to the estimates of World Health Organization (WHO), almost 1.35 million people were killed in road accidents worldwide in 2018. Road accidents are considered one of the leading reasons for death amongst young people aged between 5 years to 29 years. A few of the prominent car makers have been integrating high-end technologies in their automotive models to lessen such incidences. All these factors are likely to foster growth of the global driver alert system market over the tenure of assessment, from 2020 to 2030.
The emergence of autonomous and semi-autonomous vehicles is likely to offer plentiful opportunities to participants of the global driver alert system market. Drowsiness and fatigue have caused countless accidents on road, which has compelled manufacturers to better the accuracy of driver alert system by utilizing various cost-effective elements, such as cameras and sensors. It also makes use of efficient and high quality components n securing safety of drivers. In addition, adoption of advanced driver alert system together with the emergence self-driving cars is expected to augur well for the global driver alert system market over the timeframe of projection, from 2020 to 2030.
This system makes an offering of various features, such as road safety alert, weather alert, and disaster alert. A surge in the demand for road and vehicle safety has made driver alert system an extremely sought-after system in the automotive industry. A rising number of small to medium automotive models already come with some in-built advanced features like driver alert system.
Considerable Rise in the Number of Road Accidents to Support Demand for Driver Alert System
There has been a steady rise in the number of road accidents in the last few years. There has been a rapid progression in the sensor technology in the last few years, which is why the use of this technology in driver alert system has increased substantially. These sensors are able to accurately measure the hand position on the steering and blinking pattern to figure out whether a driver is tired or not. In addition, several companies working in the global driver alert system market have shifted their focus on the development of a system that would offer some real-time insights into the blinking pattern of the driver. These sensors are made to make accurate detection of longer eye blinks and with the help of a vibrator, an alert is generated in advance so as to prevent any accident. The rising need to bring down the number of accidents is expected to augur well for the global driver alert system market over the timeframe of analysis, from 2020 to 2030.
In the last few years, several automakers have clearly identified the rising need to better the functional parameters of these systems. Many of the leading players have been already exhibiting advanced safety features utilizing progress made in cameras and sensor technology. All these factors are expected to foster growth of the global driver alert system market over the timeframe of analysis, from 2020 to 2030.
Asia Pacific to Present Lucrative Growth Opportunities to Market Players
Asia Pacific is estimated to be one of the leading regions in the global driver alert system market. Growth of the Asia Pacific region is ascribed to increasing demand for luxury and premium vehicles. In addition, the region is witnessing an augmented production of luxury and premium cars, which is likely to work in favor of the regional market.