As per the current market research conducted by the CMI Team, the Europe Driver Monitoring System Market size is expected to record a CAGR of 10.9% from 2023 to 2032. In 2023, the market size is projected to reach a valuation of USD 719.6 Million. By 2032, the valuation is anticipated to reach USD 1,821.1 Million.

Europe Driver Monitoring System Market: Growth Factors and Dynamics

  • Regulatory Push for Driver Safety: Stringent safety regulations and standards in Europe, emphasizing driver safety, are driving the adoption of Driver Monitoring Systems (DMS). Compliance with regulations such as Euro NCAP’s safety assessment criteria is incentivizing automotive manufacturers to integrate DMS into vehicles.
  • Rising Awareness of Road Safety: Increasing awareness among consumers and fleet operators regarding the importance of road safety is fueling the demand for DMS. The acknowledgement of the role DMS plays in preventing accidents by monitoring driver behavior and alertness is a key growth factor.
  • Advancements in AI and Sensor Technologies: Rapid advancements in artificial intelligence (AI) and sensor technologies are enhancing the capabilities of DMS. Real-time monitoring of driver fatigue, distraction, and drowsiness using advanced algorithms and sensors contributes to the market’s growth.
  • Integration with Advanced Driver Assistance Systems (ADAS): Integration of DMS with ADAS technologies is becoming more prevalent. DMS complements ADAS by providing an additional layer of safety through continuous monitoring of driver attention and responsiveness, contributing to the overall growth of the market.
  • Increasing Adoption in Commercial Fleets: The adoption of DMS is rising in commercial fleets as fleet operators recognize the potential to improve driver safety and reduce accidents. The cost savings associated with lower accident rates and improved insurance premiums further drive the implementation of DMS in the commercial vehicle sector.
  • Growing Automotive Industry Investments: Investments and collaborations within the European automotive industry are propelling the development and integration of DMS. Automakers are increasingly incorporating these systems as standard features or optional upgrades, fostering market growth as the technology becomes more widely available in new vehicles.
  • Insurance Industry Influence: The insurance sector is playing a role in driving the adoption of Driver Monitoring Systems. Insurers recognize the potential for reduced accident rates and enhanced driver safety with DMS implementation. As a result, insurance incentives and discounts for vehicles equipped with DMS are encouraging both manufacturers and consumers to embrace this technology.

Europe Driver Monitoring System Market: Partnership and Acquisitions

  • In 2023, Seeing Machines collaborates with Devant, a synthetic data specialist, to boost transport safety. By combining Seeing Machines’ extensive experience in human behavioral insights with Devant’s rendering capabilities, the partnership accelerates the development and training of Machine Learning networks crucial for advanced Driver Monitoring Systems (DMS) and Occupancy Monitoring Systems (OMS) solutions.
  • In 2022, Optalert expands its partnership with Getac, opting for the ZX70 tablet to enhance its real-time drowsiness monitoring system for the mining and transportation sectors. Getac, known for rugged technology, collaborates with Optalert to provide hardware support for the Eagle Industrial system, focusing on cognitive brain function deterioration due to drowsiness.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 719.6 Million
Projected Market Size in 2032 USD 1,821.1 Million
Market Size in 2022 USD 654.6 Million
CAGR Growth Rate 10.9% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Vehicle Type, Type of Monitoring, Vehicle Propulsion, Components, Sales Channel and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Europe Driver Monitoring System Market: COVID-19 Analysis

The COVID-19 pandemic has had a significant impact on the Europe Driver Monitoring System Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

  • Supply Chain Disruptions: The pandemic led to disruptions in the supply chain, affecting the production and availability of components crucial for Driver Monitoring System (DMS) manufacturing. Delays in the supply chain impacted the deployment of DMS in new vehicles.
  • Decreased Automotive Production: With lockdowns and restrictions affecting automotive manufacturing, there was a significant decline in the production of vehicles. Reduced vehicle production directly impacted the integration of DMS into new cars, slowing down the market’s growth.
  • Postponement of Fleet Expansions: Many companies postponed their plans to expand or upgrade their commercial fleets due to economic uncertainties caused by the pandemic. This delay in fleet investments affected the demand for DMS in the commercial vehicle segment.
  • Resumption of Automotive Production: As restrictions eased and global supply chains adapted to the new normal, automotive production resumed. The recovery of vehicle manufacturing positively impacted the integration of DMS into new cars, as original equipment manufacturers (OEMs) restarted operations.
  • Renewed Emphasis on Safety: The pandemic highlighted the importance of safety features in vehicles. A renewed emphasis on driver safety and the role of DMS in preventing accidents and ensuring driver alertness contributed to a rebound in demand for these systems.
  • Accelerated Adoption in Commercial Fleets: The recovery saw an increased focus on optimizing commercial fleet operations. Fleet operators, recognizing the value of DMS in reducing accidents and enhancing driver safety, accelerated the adoption of these systems in their vehicles.
  • Technological Advancements: The recovery phase witnessed continued technological advancements in DMS. Innovations in artificial intelligence, sensor technologies, and integration with other safety systems enhanced the capabilities of DMS, making them more appealing to consumers and manufacturers.
  • Government Incentives and Regulations: Governments, recognizing the role of advanced safety features in reducing accidents and improving road safety, introduced incentives and regulations favoring the adoption of DMS. Financial incentives and regulatory requirements for DMS in new vehicles stimulated market recovery.

In conclusion, the COVID-19 pandemic has had a mixed impact on the Europe Driver Monitoring System Market, with some challenges and opportunities arising from the pandemic.

Europe Driver Monitoring System Market 2023–2032 (By Million)

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List of the prominent players in the Europe Driver Monitoring System Market:

  • Harman International Industries Incorporated
  • Autoliv Inc.
  • Magna International Inc.
  • Seeing Machines Ltd.
  • Aptiv PLC
  • Valeo SA
  • Tobii AB
  • Faurecia S.A.
  • Omron Corporation
  • Continental AG
  • Smart Eye AB
  • NVIDIA Corporation
  • Robert Bosch GmbH
  • Denso Corporation
  • Affectiva Inc.
  • Others

The Europe Driver Monitoring System Market is segmented as follows:

By Vehicle Type

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By Type of Monitoring

  • Driver State Monitoring
  • Driver Health Monitoring

By Vehicle Propulsion

  • ICE Vehicles
  • Electric Vehicles

By Components

  • Cameras
  • Sensors
  • Others

By Sales Channel

  • OEM
  • Aftermarket

Regional Coverage:

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe