The global driver alert system market size was valued at USD 19.4 Billion in 2022 and is likely to reach USD 41.5 billion by 2031, expanding at a CAGR of 8.8 % during the forecast period, 2023–2031. The rising need for integrated predictive safety systems in automobiles to enhance the safety of drivers and occupants is projected to fuel the market.
Safety is the core element of every product and service. The automotive sector is going through a major transformation, in terms of enhancements in energy efficiency, environmental sustainability, and safety management techniques. Government regulatory bodies are improving safety standards, procedures, and policies to prevent and reduce the fatality rates and damages caused by road accidents.
Drivers tend to be sluggish or fatigued due to various reasons. Disoriented drivers react slowly due to fatigue in adverse situations such as accidents or overspeeding. Driver alert systems monitor a driver’s actions to detect irregular driving patterns and alert the driver accordingly to take corrective actions to avoid mishaps.
Infrared LED detectors integrated into the sensors and cameras assess the driver’s attention level by monitoring head position, eyelid activity, and eye movement. A driver alert system collects the information regarding driver’s gaze direction, movements, and vehicle activity through the sensors and cameras and automates the corresponding alerts to help drivers make real-time decisions in emergency situations.
The COVID-19 pandemic hampered national and international transport activities due to the lockdown. Passenger and cargo transport reduced substantially due to the prohibition of logistics activities. This development significantly hindered the market. However, the supply chain activities intensified, thus fueling the driver alert system market.
Driver Alert System Market Dynamics
Drivers
Increasing emphasis on reducing fatality rates by preventing accidents and enhancing road safety is expected to drive the market. According to the World Health Organization (WHO), approximately 1.3 million people die each year due to road accidents. Thus, automakers are engaged in research to develop systems to reduce road fatalities and gain a competitive advantage in the market by providing enhanced safety features to consumers.
Restraints
Driver data privacy concerns and infrastructural challenges are likely to hinder the market. Data is relegated to the cloud to analyze driver behavior. The drivers are concerned that the in-vehicle video is likely to create privacy concerns due to the potential exposure through cloud networks.
Opportunities
Technological advancements in AI, big data analytics, and the Internet of Things (IoT) are likely to create significant opportunities in the market. Machine learning algorithms analyze billions of data points to accurately assess the driver’s behavior consistently so that appropriate alerts are sent out at appropriate times precisely.
Scope of Driver Alert System Market Report
The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Driver Alert System Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Alert (Sound Alert, Steering & Seat Vibration, and Others), Component (Driver Alert Cameras and Driver Alert Sensors), Type (Software and Hardware), and Driver Behavior (Drunk Driving, Drowsiness, and Fatigue)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
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Key Players Covered in the Report
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Robert Bosch GmbH; Continental AG; BorgWarner Inc.; Marelli Holdings Co., Ltd.; Mercedes-Benz Group AG; HELLA GmbH & Co. KGaA; and FORD Motor Company
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Driver Alert System Market Segment Insights
Based on alert, the driver alert system market is divided into sound alert, steering & seat vibration, and others. The steering & seat vibration segment is expected to expand at a significant pace during the projection period owing to the enhanced efficacy of steering & seat vibration alert systems to alert the drivers. When a driver changes the lane without switching on the indicator lights the steering wheel produces a vibration to alert the driver. Similarly, when the driver changes lanes slowly or if the driver drives the vehicle sluggishly the seats generate vibrations to alert the driver.
On the basis of component, the global market is segregated into driver alert cameras and driver alert sensors. The alert sensors segment is projected to register a considerable CAGR during the forecast period due to the high level of precision offered by the sensor alerts. Sensors detect abnormalities in the surroundings ranging from humidity, temperature, shocks, and fire. Sensors alert the drivers instantly to take corrective measures.
In terms of type, the driver alert system market is bifurcated into software and hardware. The hardware segment is expected to expand at a robust pace during the forecast period owing to easy installation and affordable pricing offered by hardware-based driver alert systems. Hardware systems comprise cameras, LIDAR, and radar-based systems.
On the basis of driver behavior, the market is segmented into drunk driving, drowsiness, and fatigue. The drunk driving segment is expected to expand at a pace during the forecast period due to the rising need for driver alert systems that detect drunk driving patterns. Growing number of deaths occurring due to drunk driving is a concern for policymakers. Safety evaluation organizations emphasize developing alert systems that detect drunk driving patterns to reduce fatality rates in road accidents.
Regional Analysis
In terms of region, the global driver alert system market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period due to supportive government policies and rising awareness about driver safety. Automakers in the region offer advanced safety features to consumers to gain a competitive advantage in the market.
Segments
The driver alert system market has been segmented on the basis of
Alert
- Sound Alert
- Steering & Seat Vibration
- Others
Component
- Driver Alert Cameras
- Driver Alert Sensors
Type
Driver Behavior
- Drunk Driving
- Drowsiness
- Fatigue
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Players in the global driver alert system market share are Robert Bosch GmbH; Continental AG; BorgWarner Inc.; Marelli Holdings Co., Ltd.; Mercedes-Benz Group AG; HELLA GmbH & Co. KGaA; and FORD Motor Company. These companies adopt development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to expand their consumer base worldwide. For instance,
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In June 2022, Valeo collaborated with BMW Group to provide advanced driver assisting systems comprising of driver alert systems to offer an enhanced driving experience to the drivers. Valeo developed an ADAS domain controller powered by Qualcomm Snapdragon SoCs processors to obtain real-time mapping and detect abnormalities in the vehicle surroundings.
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