Date: 23/11/2010
The automotive driver monitoring systems is estimates to reach $1 billion by 2015
ABI Research principal analyst David Alexander, says, "The market for driver monitoring systems will be in its infancy until 2013, at which point we expect volumes to start growing strongly. We project that, by 2015, the global market value will exceed $1 billion."
ABI reports there are three basic technologies competing for this business: systems are based on telematics, driver cameras, or analysis of existing on-board sensor data. While observation of the driver via a dedicated camera does require additional hardware, the other two options can be implemented with very few extra components.
"We expect data analysis systems to lead the market for driver monitoring features, at least through 2015," says Larry Fisher, research director of NextGen, ABI Research's emerging technologies research incubator. "However, the direct approach of analyzing the driver's face has some advantages over data analysis, and we also expect installations of driver-camera systems to increase over the forecast period, although not as quickly."