The Global Market for Drowsiness Monitors is Projected to Reach US$1.1 Billion by 2020

Rising Focus on Reducing Road Fatalities Drives the Global Drowsiness Monitors Market, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Drowsiness Monitors. The global market for Drowsiness Monitors is projected to reach US$1.1 billion by 2020, driven by the need to reduce the number of sleep related crashes.

Each year, road accidents cause innumerable number of injuries and fatalities and result in social and economic losses to the tune of several billions of dollars. Factors including increase in vehicle population, congested urban areas, and poor road infrastructure, are primarily responsible for the rise in road accidents worldwide. Driver drowsiness accounts for over 20% of all accidents on road. High prevalence of sleep disorders caused by lifestyle choices, sleep-cycle changes and use of medications, are resulting in increased driver stress, fatigue and drowsy driving. Against this backdrop, interest in intelligent driver assistance systems like drowsiness monitors, is growing. Automobile safety is today an important feature in vehicle engineering, the evolution of which is rapidly driven by growing OEM focus on safety features for the purpose of brand differentiation. Stringent government legislations have additionally catalyzed the evolution of these technologies from passive to active. Third generation proactive safety technologies are finding favor among consumers focused on passenger safety.

Auto OEMs are currently investing in the research and development of innovative drowsiness detection systems. Few of the systems are developed to measure the driver's fatigue level by examining the control of the vehicle such as steering and lane keeping behavior. Efforts are underway to develop systems that analyze biological parameters such as facial expression, drooping eyelids, slackened facial muscles, heart rate variability and other physiological signs of drowsiness. Most systems alert drivers by sending out an audible alarm along with the display of a drowsy driving symbol and a short message on the dashboard. Demand is expected to grow strongly for on-board systems capable of providing timely alerts of impending risks and dangers. Volkswagen, Volvo, Mercedes-Benz, and Ford are few of the leading automotive brands that currently offer drowsiness detection systems under different names such as, fatigue detection system, attention assist system, and driver alert systems.

As stated by the new market research report on Drowsiness Monitors, the United States represents the largest market worldwide. Europe is forecast to emerge as the fastest growing market with a CAGR of 11.5% over the analysis period. Favorable regulations, rising popularity of new models equipped with new generation technologies for driver safety, and developments in automotive electronics, represent key growth drivers in the region.

Key players covered in the report include BMW AG, Daimler AG, Denso Corporation, Ford Motor Company, The Bosch Group, Tobii Technology AB, Volkswagen AG, and Volvo Car Corporation, among others.

The research report titled “Drowsiness Monitors: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive analysis of market trends, growth drivers, market share, market size and demand forecasts, issues, product launches and other strategic industry activities of major companies. The single segment report provides market estimates and projections in US$ for all major geographic markets including the US, Japan, Europe (France, Germany, Italy, UK, and Rest of Europe), Asia-Pacific, and Rest of World.