Driver Alert System Market Size - By Vehicle Type (Passenger Vehicle, Commercial Vehicle), System Type (Lane Departure Warning, Driver Fatigue Monitoring, Driver Distraction Monitoring), Component (Sensor, Camera, Control Unit) & Forecast 2023 – 2032

Driver alert system Market Size

Driver Alert System Market size was valued at USD 7.7 billion in 2022 and is anticipated to grow at a CAGR of 12% between 2023 and 2032. The rising integration of AI and machine learning in vehicles to deliver more accurate alerts and warnings along with enhanced analysis of driver behavior will drive the market growth. The emergence of various sophisticated technologies has steered greater consumer interest in vehicles deployed with ADAS features for driving comfort and safety. As per NSC Injury Facts, ADAS technologies offer the potential to limit 20,841 deaths annually, or around 62% of total traffic deaths.
 

The rising development as well as deployment of semi-autonomous vehicles will enhance the demand for driver alert systems. Recent research estimates that approximately 8 million on the road vehicles would be autonomous or semi-autonomous by 2025. However, the higher implementation costs of advanced systems and limited accuracy in detecting driver fatigue or distraction due to environmental factors, such as lighting conditions may limit the product uptake to some extent.

COVID-19 Impact

The COVID-19 pandemic negatively impacted the driver alert system market development on account of the significant decline in overall travel and commuting. The influx of travel restrictions and remote work policies also affected the R&D budgets for certain technologies, including driver alert systems, making way for slower progress in innovation and refinement. On the contrary, the renewed importance of safety in transportation during the pandemic led to higher interest in technologies, including driver alert systems to enhance road safety.
 

Driver Alert System Market Trends

The burgeoning government and regulatory support, such as the WHO and the UN to limit the number of road accidents and fatalities with improved road safety will prove favorable for the industry growth. To quote an instance, in March 2023, the Delaware Department of Transportation (DelDOT) installed a wrong way driving detection as well as alert system for alerting and correcting wrong way drivers before entering the highway. The growing adoption of advanced driver alert systems to predict driver fatigue and distraction, including IoT-based smart alert systems for drowsy driver detection, will add to the industry expansion.
 

Driver Alert System Market Analysis

The passenger vehicle segment held around 60% of the driver alert system market share in 2022. The rising ownership of passenger vehicles along with the growing emphasis on drowsiness detection has soared the adoption of driver attention warning systems. To cite an instance, the Indian Government announced its plans of setting the standards for "Drowsiness Alert System" installed in buses, cars, and trucks for delivering audio alerts to drivers that may fall asleep while behind the wheel. Rising consumer acceptance and awareness regarding the benefits of driver alert systems in preventing accidents and improving road safety will contribute to the segment growth.
 

The camera segment accounted for 40% of the driver alert system market share in 2022, driven by its pivotal role in enhancing road safety. Cameras, powered by advanced sensor technology and image recognition algorithms, monitor driver behavior and road conditions in real-time. Their ability to detect drowsiness, distractions, and potential collisions contributes to accident prevention. The growing integration of cameras in vehicles enables more accurate analysis of driver engagement and potential hazards. The rising consumer demand for safety features, and collaborations between automakers and technology firms accelerate camera component adoption.
 

The North America driver alert system market was record more than 25% of revenue share in 2022, attributed to the growing support from government agencies and safety organizations to mandate the inclusion of safety features in new vehicles. The rising automotive sales mainly in Canada and the U.S. has compelled multiple manufacturers to collaborate with technology companies and suppliers for developing and integrating effective driver alert systems in vehicles. As per the Canadian Automotive Outlook, vehicle sales in Canada rose by 4.4% year-on-year during Q1 of 2023. The surging popularity of autonomous driving technologies will further drive the regional market growth.
 

Driver Alert System Market Share

Major companies operating in the driver alert system market are :

• Continental AG
• DENSO Corporation
• Magna International Inc.
• Robert Bosch GmbH
• Valeo SA
• Visteon Corporation
• and ZF Friedrichshafen AG.
   

Driver Alert System Industry News

• In June 2022, Magna International acquired Veoneer’s active safety business for USD 1.525 billion from SSW Partner for greater geographic diversification and widening its driver assistance systems customer base.
   
• In February 2021, Skoda integrated Bosch’s cloud-based wrong-way driver warning system for reducing the number of accidents.
   

This driver alert system market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) from 2018 to 2032, for the following segments:

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Market, By Vehicle Type

• Passenger Vehicle
• Commercial Vehicle

Market, By System Type

• Lane Departure Warning
• Driver Fatigue Monitoring
• Driver Distraction Monitoring
• Others

Market, By Component

• Sensor
• Camera
• Control Unit

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • Saudi Arabia
  • South Africa
  • UAE