A rise in the number of vehicle accident across the globe is generating the demand for vehicle with the driver monitoring and other safety features such as ADAS, drive monitoring and passenger occupancy. As per WHO motor vehicle crash kills around 3000 people every day and major incidences or accident happens due to the driver’s error, reveled in a study. Moreover, the major reasons for crashes were distraction, sleepiness, and excessive speed. Moreover, the demand of driver monitoring system (DMS) is contributing to the growth of the In-cabin sensing systems to track driver’s gesture and other states such as drowsiness, anger, distraction as drowsiness can decrease reaction time towards a situation, or anger can lead to risky driving behavior.
Furthermore, numerous applications for in-cabin sensing are designed with the aim to keep passengers safe, but child-presence detection and the occupant monitoring feature is one of the main application which is gaining end-user’s traction among end-users. Also, around 39 children die on average each year due to vehicle trapping worldwide, as reveled by a safety organization “Kids and Cars”. Moreover, every nine days, on average, a child in the US dies after being left in a hot car. Also, the decreased price of sensors in across the glove would lead to the more deployment as the reduced process would help put an end to that senseless tragedy.
Also, the mandates and regulations by the government such as USA-Hot Car Act, USA- Safe Act of 2020, USA-Moving Forward Act, Euro NCAP , ANCAP (Australia), US NCAP is acting as a growth catalyst to the industry and would help in the market growth in the forecast period as well.
Based on the application, the market is fragmented into Driving Monitoring Systems (DMS), Passenger Occupant Systems (POS), Gesture UI Control, Theft Prevention System and Others. The driver monitor system segment dominated the market with around 46% market share. The segment generated the revenue of USD 164.4 Mn in 2020. However, the Passenger Occupant Systems (POS) is anticipated to grow at the highest CAGR during the forecast period and reach USD 1,351.4 Mn by 2027F.
Radar based in-cabin sensing system is deployed in various types of vehicles. The market is segregated based on the Sedan Cars, Hatchback, SUVs and Others. The SUV segment grabbed the major market share and dominated the market and generated the revenue of worth USD 199.3 million in 2020. Moreover, the revenue of segment is expected to reach to USD 3,624.7 million by 2027. With 29.77 million units sold, the SUV earned the top position among all segments in 2018. Volume grew by 6.8%, or almost 1.9 million units, which is impressive considering the economic situation in the three largest vehicle markets: USA, China, and Europe. However, the sedan segment would proliferate with a CAGR of 56.2% during the forecast period of 2021-27.
For a better understanding of the market adoption of the Radar Based In-Cabin Sensing Systems Market, the market is analyzed based on its worldwide presence in the countries such as North America (United States and Canada), Europe (Germany, France, Italy, Spain, United Kingdom and -Rest of Europe), Asia-Pacific (China, Japan, India, Australia and Rest of APAC), and Rest of World. North America constitutes a major market for the Radar Based In-Cabin Sensing Systems industry and generated revenue of USD 148.6 million in 2020 owing to the presence of well-established in the region and offering of new solutions by them.
Some of the major players operating in the market Hyundai, Robert Bosch GmbH, Bitsensing Inc., General Motors, Texas Instruments, Inc., Infineon Technologies, Denso Corporation, Jaguar (JRL), NXP, Smart Radar Systems. Several M&A’s along with partnerships have been undertaken by these players to develop Radar Based In-Cabin Sensing Systems.
Table of Contents:
1 MARKET INTRODUCTION
1.1 Market Definitions
1.2 Objective of the Study
1.4 Stake Holders
1.5 Currency Used in Report
1.6 Scope of the Radar Based In-Cabin Sensing Systems Market Study
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1 Research Methodology for the Radar Based In-Cabin Sensing Systems Market
2.1.1 Main Objective of the Radar Based In-Cabin Sensing Systems Market
3 INDUSTRY PERFORMANCE
4 EXECUTIVE SUMMARY
5 TOP START-UPs UNDER RADAR BASED IN-CABIN SENSING SYSTEMS MARKET
6 COVID-19 IMPACT
7 GLOBAL RADAR BASED IN-CABIN SENSING SYSTEMS MARKET REVENUE
8 MARKET INSIGHTS BY APPLICATION
8.1 Driver Monitoring Systems
8.2 Passenger Occupant Systems
8.3 Gesture UI Control
8.4 Theft Prevention Systems
9 MARKET INSIGHTS BY VEHICLE TYPE
10 MARKET INSIGHTS BY REGION
10.1 North America Radar Based In-Cabin Sensing Systems Market
10.1.1 United States
10.1.3 Rest of North America
10.2 Europe Radar Based In-Cabin Sensing Systems Market
10.2.3 United Kingdom
10.2.6 Rest of Europe
10.3 Asia Pacific Radar Based In-Cabin Sensing Systems Market
10.3.5 Rest of Asia Pacific
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