The automotive fatigue sensing wearables market was valued at $2.5 billion in 2023, and is projected to reach $13.0 billion by 2033, growing at a CAGR of 18.3% from 2024 to 2033.
Automotive fatigue sensing wearables are devices that monitor and detect signs of driver fatigue and drowsiness, helping to prevent accidents and enhance road safety. Wearable technology continuously assesses the driver's physical and cognitive state and providing real-time alerts.
The growth of the global automotive fatigue sensing wearables market is majorly driven by alarming increase in cases of fatigue-related accidents. Based on a 2017 assessment by the the National Highway Traffic Safety Administration, drowsy driving was responsible for 91,000 crashes, 50,000 injuries, and nearly 800 deaths in 2017 in the U.S. alone. A survey by the AAA Foundation for Traffic Safety found that nearly 40% of drivers in the U.S. have fallen asleep at the wheel at some point in their lives, thus highlighting the significant need for fatigue detection solutions. Furthermore, surge in penetration of connected cars is significantly fostering the growth of the market. This is attributed to the fact that manufacturers are focusing on integrating fatigue sensing wearables with connected car technologies to enhance the functionality of these devices. According to the estimates of Statista, the number of connected cars is likely to reach 470 million worldwide by 2025. Furthermore, implementation of stringent government regulations about the driving hours and rest periods of commercial drivers acts as a key driving force of the global market. For instance, the Federal Motor Carrier Safety Administration (FMCSA) in the U.S. is encouraging fleet operators to adopt fatigue monitoring solutions to ensure compliance and enhance safety. However, high cost associated with the deployment of advanced fatigue sensing wearables acts as the key deterrent factor of the global market. Regular updates and maintenance of these devices incur additional costs, which further hamper the market growth. Moreover, complexities associated with integration of fatigue sensing wearables with existing vehicle systems and need for technical expertise restrain the market growth. On the contrary, advancements in sensors and biometric monitoring technologies have made it possible to accurately detect signs of fatigue in real time. In addition, manufacturers are integrating AI and ML in wearable devices to enhance the accuracy of fatigue detection by analyzing patterns and predicting fatigue based on historical data. Such developments are expected to offer remunerative opportunities for the market growth during the forecast period.
The global automotive fatigue sensing wearables market is segmented into type, application, and region. On the basis of type, the market is divided into physiological measurement and brainwave-based measurement. As per application, the market is segregated into 18-45 year old, 45-60 year old, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
On the basis of application, the 18-45-year-old segment is anticipated to experience faster growth in the automotive fatigue sensing wearable market during the forecast period.
Region wise, North America is expected to emerge as the dominating market for automotive fatigue sensing wearables by 2032.
Automotive fatigue sensing wearables are devices that monitor and detect signs of driver fatigue and drowsiness, helping to prevent accidents and enhance road safety. Wearable technology continuously assesses the driver's physical and cognitive state and providing real-time alerts.
The growth of the global automotive fatigue sensing wearables market is majorly driven by alarming increase in cases of fatigue-related accidents. Based on a 2017 assessment by the the National Highway Traffic Safety Administration, drowsy driving was responsible for 91,000 crashes, 50,000 injuries, and nearly 800 deaths in 2017 in the U.S. alone. A survey by the AAA Foundation for Traffic Safety found that nearly 40% of drivers in the U.S. have fallen asleep at the wheel at some point in their lives, thus highlighting the significant need for fatigue detection solutions. Furthermore, surge in penetration of connected cars is significantly fostering the growth of the market. This is attributed to the fact that manufacturers are focusing on integrating fatigue sensing wearables with connected car technologies to enhance the functionality of these devices. According to the estimates of Statista, the number of connected cars is likely to reach 470 million worldwide by 2025. Furthermore, implementation of stringent government regulations about the driving hours and rest periods of commercial drivers acts as a key driving force of the global market. For instance, the Federal Motor Carrier Safety Administration (FMCSA) in the U.S. is encouraging fleet operators to adopt fatigue monitoring solutions to ensure compliance and enhance safety. However, high cost associated with the deployment of advanced fatigue sensing wearables acts as the key deterrent factor of the global market. Regular updates and maintenance of these devices incur additional costs, which further hamper the market growth. Moreover, complexities associated with integration of fatigue sensing wearables with existing vehicle systems and need for technical expertise restrain the market growth. On the contrary, advancements in sensors and biometric monitoring technologies have made it possible to accurately detect signs of fatigue in real time. In addition, manufacturers are integrating AI and ML in wearable devices to enhance the accuracy of fatigue detection by analyzing patterns and predicting fatigue based on historical data. Such developments are expected to offer remunerative opportunities for the market growth during the forecast period.
The global automotive fatigue sensing wearables market is segmented into type, application, and region. On the basis of type, the market is divided into physiological measurement and brainwave-based measurement. As per application, the market is segregated into 18-45 year old, 45-60 year old, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Key Findings
By type, the physiological measurement segment is expected to witness rapid growth from 2024 to 2033.On the basis of application, the 18-45-year-old segment is anticipated to experience faster growth in the automotive fatigue sensing wearable market during the forecast period.
Region wise, North America is expected to emerge as the dominating market for automotive fatigue sensing wearables by 2032.
Competition Analysis
Competitive analysis and profiles of the major players in the global automotive fatigue sensing wearables market include BOSCH, Continental AG, Delphi Technologies PLC, DENSO CORPORATION, Magna International, Omnitracs, LLC., Seeing Machines, Smart Eye, Optalert Pty Ltd., and Valeo. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to gain a strong foothold and sustain the intense competition in the global market.Additional benefits you will get with this purchase are:
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Key Market Segments
By Type
- Physiological Measurement
- Brainwave-based Measurement
By Application
- 18-45-year-old
- 45-60-year-old
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Africa
- Rest of Middle East and Africa
- BOSCH
- Continental AG
- Delphi Technologies PLC
- DENSO CORPORATION
- Magna International
- Omnitracs, LLC.
- Seeing Machines
- Smart Eye
- Optalert Pty Ltd
- Valeo
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET LANDSCAPE
CHAPTER 4: AUTOMOTIVE FATIGUE SENSING WEARABLES MARKET, BY TYPE
CHAPTER 5: AUTOMOTIVE FATIGUE SENSING WEARABLES MARKET, BY APPLICATION
CHAPTER 6: AUTOMOTIVE FATIGUE SENSING WEARABLES MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
Key Market Players in the Automotive Fatigue Sensing Wearables Market include:- BOSCH
- Continental AG
- Delphi Technologies PLC
- DENSO CORPORATION
- Magna International
- Omnitracs, LLC.
- Seeing Machines
- Smart Eye
- Optalert Pty Ltd
- Valeo
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 356 |
| Published | July 2024 |
| Forecast Period | 2023 - 2033 |
| Estimated Market Value ( USD | $ 2.5 billion |
| Forecasted Market Value ( USD | $ 13 billion |
| Compound Annual Growth Rate | 18.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
