US Driver Monitoring System Market Size Likely to Grow at a CAGR of 12.6% By 2033

As per the current market research conducted by CMI Team, the US Driver Monitoring System Market size is expected to record a CAGR of 12.6% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 735.1 Million. By 2033, the valuation is anticipated to reach USD 2,138.8 Million.

US Driver Monitoring System Market: Growth Factors and Dynamics

• Regulatory Mandates: Regulatory bodies like the National Highway Traffic Safety Administration (NHTSA) are increasingly advocating for advanced safety features in vehicles, including driver monitoring systems. Upcoming regulations mandating the inclusion of DMS in new vehicles to reduce road accidents and enhance driver safety are significant growth drivers.

• Rising Incidence of Road Accidents: The high incidence of road accidents caused by distracted or drowsy driving in the US has heightened the demand for advanced driver assistance systems (ADAS), including DMS. The increasing awareness about road safety among consumers is propelling the adoption of these systems.

• Technological Advancements: Advancements in AI, machine learning, and sensor technology have significantly improved the capabilities of driver monitoring systems. Enhanced accuracy in detecting driver drowsiness, distraction, and other states have made DMS more reliable and attractive to automakers and consumers alike.

• Growing Adoption of Autonomous and Semi-Autonomous Vehicles: The development and adoption of autonomous and semi-autonomous vehicles are driving the need for robust driver monitoring systems. These systems are crucial for ensuring the safety and reliability of vehicles that operate with varying levels of human interaction and control.

• Increased Focus from Automakers: Major automakers and OEMs in the US are increasingly integrating DMS into their vehicle models as part of their safety packages. The competition among manufacturers to offer advanced safety features is contributing to the growth of the DMS market.

• Consumer Demand for Enhanced Safety Features: There is a growing consumer preference for vehicles equipped with advanced safety features, including driver monitoring systems. The increased awareness and demand for safety technologies are encouraging manufacturers to include DMS in more vehicle models, thereby driving market growth.

• Insurance Incentives: Insurance companies are increasingly offering discounts and incentives for vehicles equipped with advanced safety features, including driver monitoring systems. This not only helps in reducing premiums for consumers but also promotes the adoption of DMS as a standard feature in vehicles, driving market growth.

US Driver Monitoring System Market: Partnership and Acquisitions

• In 2023, Hualai Technology Co., Ltd., and Xailient Inc. have joined forces in a strategic partnership, aiming to deliver affordable, privacy-conscious smart cameras for the smart home and security market. This collaboration combines Hualai’s expertise in low-cost smart camera hardware with Xailient’s leadership in responsible and regulatory-compliant AI Computer Vision software.

• In 2024, Robert Bosch GmbH and Qualcomm Technologies, Inc. jointly launched a central vehicle computer, powered by the Flex SoC, integrating infotainment and ADAS functionalities. This innovative system enhances DMS capabilities by processing camera, radar, and ultrasonic data, optimizing driver safety.

Report Scope

US Driver Monitoring System Market: COVID-19 Analysis

The COVID-19 pandemic has significantly impacted the US Driver Monitoring System Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

• Disruption in Supply Chains: The pandemic caused significant disruptions in global supply chains, affecting the production and delivery of components necessary for driver monitoring systems. This resulted in delays and increased costs for manufacturers.

• Reduced Vehicle Sales: During the height of the pandemic, vehicle sales plummeted due to economic uncertainty and lockdown measures. This decrease in automotive sales negatively impacted the demand for new vehicles equipped with driver monitoring systems.

• Resumption of Manufacturing Activities: As restrictions eased and manufacturing activities resumed, production levels gradually returned to normal. This recovery in manufacturing has allowed the supply chain to stabilize, enabling the consistent production of driver monitoring system components.

• Rebounding Vehicle Sales: With the economy recovering and consumer confidence improving, vehicle sales have rebounded. The increased demand for new vehicles is driving the adoption of advanced safety features, including driver monitoring systems.

• Increased Focus on Health and Safety: The pandemic has heightened awareness of health and safety concerns, leading to a greater emphasis on vehicle safety features. Consumers are now more inclined to prioritize safety technologies, boosting the demand for driver monitoring systems.

• Government Stimulus and Support: Government initiatives and stimulus packages aimed at revitalizing the economy have provided financial support to the automotive industry. These measures have helped manufacturers invest in new technologies and expand their production capacities, aiding the recovery of the DMS market.

• Technological Advancements and Innovation: The pandemic accelerated digital transformation and innovation within the automotive industry. Companies have leveraged advancements in AI and machine learning to enhance the capabilities of driver monitoring systems, making them more appealing and driving market growth as the industry recovers.

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

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

• Robert Bosch GmbH
• Continental AG
• Denso Corporation
• Magna International Inc.
• Aptiv PLC
• Valeo SA
• Seeing Machines Limited
• Veoneer Inc.
• Tobii AB
• Aisin Seiki Co. Ltd.
• Panasonic Corporation
• Autoliv Inc.
• Harman International Industries Inc.
• Visteon Corporation
• Smart Eye AB
• Others

The US Driver Monitoring System Market is segmented as follows:

By Component

• Hardware
  • Cameras
  • Sensors
  • Control Units
  • Others
• Software
  • Driver State Monitoring Software
  • Facial Recognition Software
  • Others

By Vehicle Type

• Passenger Vehicles
• Commercial Vehicles

By Monitoring Type

• Driver State Monitoring
  • Drowsiness Detection
  • Distraction Monitoring
  • Fatigue Monitoring
• Occupant Monitoring
  • Seat Belt Monitoring
  • Airbag Deployment Monitoring

By Sales Channel

• OEMs (Original Equipment Manufacturers)
• Aftermarket