Increased Focus on Road Safety Management Drives the Global Drowsiness Monitors Market, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on the Drowsiness Monitors markets. Global market for Drowsiness Monitors is projected to reach US$982 million by 2018, driven primarily by the growing emphasis placed on reducing the burden of road traffic accidents.

Drowsiness Monitors: A Global Strategic Business Report

Follow us on LinkedIn – Population growth; congested urban areas; rise in vehicle ownership and increase in number of vehicle miles traveled; technology distractions; and poor road infrastructure are factors responsible for the increase in road accidents worldwide. Every year, road accidents cause millions of injuries and fatalities and result in billions of dollars in social and economic losses. About 90% of all road accidents worldwide occur due to human error in judgment, with the underlying cause varying from excessive speed, medical conditions and distracted, drunken and drowsy driving. Driver drowsiness accounts for over 20% of all accidents on road. High prevalence of sleep disorders caused by lifestyle choices, sleep-cycle changes and use of medications, is resulting in increased driver stress, fatigue and drowsy driving. Against this backdrop, interest in automotive safety technologies is growing.

Automobile safety is today an important feature in vehicle engineering, the evolution of which is rapidly driven by growing OEM focus on safety features for brand differentiation and government legislations that mandate their use in automobiles. Auto OEMs are constantly under pressure to adhere to international safety standards. Of key interest are on-board systems that can monitor drivers, measure their drowsiness levels in real time and provide timely alerts through audible and visual warnings of impending risks and dangers. Presently, there is significant emphasis on developing intelligent vehicles that use artificial intelligence for revolutionizing the human-machine interface. Driver drowsiness warning systems are growing in popularity given their ability to track the driver’s state of consciousness and prevent collisions occurring thereon.

Several auto OEMs have already begun providing drowsiness monitors or drowsiness detection systems in their vehicles. While various methods have been designed to individually quantify driver drowsiness based on a single parameter, commercial detection systems incorporate algorithms of more than one mechanism including measurement of physiological signals such as brain activity; ocular parameters; monitoring steering wheel variability and lane-tracking variability. While few of the OEM systems gauge the driver's level of drowsiness by examining the external behavior of the vehicle such as steering behavior and lane keeping systems, few other systems adopt facial expression as drowsiness index by observing signs of slackened facial muscles, drooping eyelids or other signs of drowsiness. Volkswagen, Volvo, Mercedes-Benz, and Ford are few of the leading automotive brands that currently offer driver alert systems in myriad forms such as, fatigue detection system, attention assist system, and driver alert system. Most systems alert drivers by triggering a drowsy driving alarm and concurrently displaying a symbol such as a coffee cup and a short message on the dashboard.

As stated by the new market research report on Drowsiness Monitors, the US represents the single largest market worldwide. Each year close to 100,000 drowsiness-related accidents are reported in the US, which result in over 70,000 injuries, 1,500 mortalities, and monetary losses of close to US$12.5 billion. Growth in the market is driven by the recent increase in legislative efforts to discourage drowsy driving. The push to legally prosecute drowsy drivers is additionally expected to benefit demand in the market.

Major players profiled in the study include Anti Sleep Pilot Technology, The Bosch Group, Daimler AG, Denso Corporation, Ford Motor Company, Tobii Technology AB, Volkswagen AG, and Volvo Car Corporation.

The research report titled “Drowsiness Monitors: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The single segment report provides market estimates and projections in US$ for all major geographic markets including the US, Japan, Europe, and Rest of World.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Drowsiness_Monitors_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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