SAN FRANCISCO, June 28, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Driver Safety Systems - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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What's New for 2022?
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Edition: 9; Released: January 2022
Executive Pool: 1494
Companies: 44 - Players covered include Continental AG; Denso Corporation; Infineon Technologies AG; Magna International, Inc.; Robert Bosch GmbH; Seeing Machines Ltd.; Smart Eye AB; Valeo SA and Others.
Coverage: All major geographies and key segments
Segments: Technology (Eye-Tracking, Facial Expressions, Heart Rate-Monitoring, Steering Angle Sensor (SAS), Lane Departure System)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Driver Safety Systems Market to Reach $3.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Driver Safety Systems estimated at US$2.2 Billion, is projected to reach a revised size of US$3.1 Billion by 2026, growing at a CAGR of 6% over the analysis period. Eye-Tracking, one of the segments analyzed in the report, is projected to record a 6.9% CAGR and reach US$955.2 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Facial Expressions segment is readjusted to a revised 5.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $687.3 Million in 2021, While China is Forecast to Reach $542.6 Million by 2026
The Driver Safety Systems market in the U.S. is estimated at US$687.3 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$542.6 Million by the year 2026 trailing a CAGR of 5.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.8% and 4.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.
Heart Rate-Monitoring Segment to Reach US$442.6 Million by the year 2026
In the global Heart Rate-Monitoring segment, USA, Canada, Japan, China and Europe will drive the 5.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$261.3 Million will reach a projected size of US$371.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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SOURCE Global Industry Analysts, Inc.