Occupant Monitoring System Market size is expected to cross USD 230 Million by the end of 2036, expanding around 20% CAGR during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of occupant monitoring system was USD 45 Million. The growth of the market can be attributed to the growing adoption of connected vehicles. In 2023, globally around 192 million connected vehicles are deployed on the road and it is expected to surpass 400 million by the end of 2025. Owing to the greater use of electronics in automobiles over the last decade has increased the capability of monitoring and recording both the external and internal surroundings of the vehicle. Connected automobiles are able to exchange this type of data with additional devices, particularly other cars, through the Internet.
In addition to these, factors that are believed to fuel the growth of occupant monitoring system market include the growing number of border security checkups. Stringent border security requires thorough inspections of vehicles, which increases the demand for advanced occupant monitoring solutions to ensure compliance and security. Stringent border security is often a matter of national security and occupant monitor plays a crucial role in detecting any potential threat to the nation. At border crossings and checkpoints, occupant monitoring systems are utilized to inspect vehicles and verify the number of occupants. The use of occupant monitoring systems has become increasingly important during COVID-19 to detect any potential cases of COVID positive among passengers crossing international borders. Furthermore, the system can also help crime authorities find cases of smuggling, human trafficking, and illicit goods transportation among many others. UK Defense and Security Exports have also introduced new security measures that will involve the use of various advanced technology that will maintain security at international borders.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
~20% |
Base Year Market Size (2023) |
~ USD 45 Million |
Forecast Year Market Size (2036) |
~ USD 230 Million |
Regional Scope |
|
Technology (Infrared, Ultrasonic, Hybrid)
The infrared segment is estimated to hold 45% share of the global occupant monitoring system market in the year 2036. The growth of the segment can be attributed to the rising demand for vehicles with driving assistance and automotive safety systems. ADAS systems are an essential component of self-driving cars, and as technology progresses, the need for ADAS systems is likely to skyrocket. In some advanced systems, infrared-based sensors can monitor the driver’s conditions, such as their head position and eye movements. This information can raise an alarm when the driver is feeling drowsy or sleepy, thus altering the driver to stay attentive. In the last five years, an estimated 1.35 million drivers have been involved in a sleepy driving-related crash in the United States.
Vehicle Type (Passenger Vehicles, Commercial Vehicles)
Occupant monitoring system market from the passenger vehicles segment is expected to garner a significant share of around 60% in the year 2036. The growth of the segment is attributed to rising demand for passenger cars. In 2022, over 58 million passenger automobiles had been sold around the world, representing a 1.9 percent increase year on year. China was the world's largest regional vehicle market in 2022, with approximately 24 million units sold. Passenger cars have grown in popularity among drivers in recent years due to positive aspects such as elegant design, compact size, and low cost. In many advanced countries, passenger vehicles are the most frequent means of transportation. These vehicles are becoming more common in developing countries as the ability of nations' people to buy improves.
Our in-depth analysis of the global occupant monitoring system market includes the following segments:
Installation |
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Technology |
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Vehicle Type |
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North American Market Forecast
The occupant monitoring system market in North America is projected to be the largest with a share of about 36% by the end of 2036. The growth of the market can be attributed majorly to rising cases of death in the region. Accidents involving vehicles are the main cause of death in the United States for people aged 1 to 54, and the greatest cause of non-natural death for US nationals living or traveling overseas. In addition to this, the occupant monitoring system market growth in North America is also attributed to the growing focus of the government on advancing the sensing technology in the vehicles
Europe Market Statistics
The European occupant monitoring system market is estimated to be the second largest, registering a share of about 26% by the end of 2036. The growth of the occupant monitoring system market can be attributed majorly to the rising government efforts for the deployment of advanced vehicles on the road. For instance, the European Commission has introduced new Vehicle General Safety regulations. It sets the legal basis for the approval of automated and fully driverless vehicles in the EU and includes a variety of mandatory advanced driver assistance systems to increase road safety.
Author Credits: Saima Khursheed
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