DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/c8tq6d/global_driver) has announced the addition of the "Global Driver State Monitoring Systems Market 2015-2019" report to their offering.
The report forecasts the global driver state monitoring system market to grow at a CAGR of 22.86% over the period 2014-2019.
The report, Global Driver State Monitoring System Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the America, APAC, and Europe. It also covers the landscape of the market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Vehicle insurance providers are adopting a driver state monitoring module to monitor driver state in terms of the driver's efficiency in driving, thereby fixing the premium for the insurance. The term used is "usage based pay" or "pay as you drive." A shift by insurance companies toward usage based pay is actually impacted by drivers who are inviting insurance companies to ride along and monitor their driving.
According to the report, automobile safety is evolving as an important feature for both customers and vehicle manufacturers. There are several safety systems available in the market such as BSD, lane departure warning, parking assist, and DSMS. Though the cost of these systems is high, with the increasing demand from customers for these products, innovation and researches have been actively exploring means to reduce the cost of DSMS.
Further, the report states that because of the technology and products used in the system like infrared cameras, sensors, and complex image algorithms, the purchase and installation of DSMS is very expensive, which makes it limited to luxury vehicles and unavailable for mid-segment vehicles.
Other prominent vendors:
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Global automotive market landscape
Part 06: Global automotive market segmentation by vehicle type
Part 07: Global automotive market segmentation by geography
Part 08: Supply chain analysis of the automotive industry
Part 09: Global automotive DSMS market landscape
Part 10: Global automotive DSMS market segmentation by vehicle type
Part 11: Global automotive DSMS market segmentation by geography
Part 12: Global automotive DSMS market segmentation by end market
Part 13: Market drivers
Part 14: Impact of drivers
Part 15: Market challenges
Part 16: Impact of drivers and challenges
Part 17: Market trends
Part 18: Vendor landscape
Part 19: Key vendor analysis
For more information visit http://www.researchandmarkets.com/research/c8tq6d/global_driver