Automotive Active Health Monitoring System Market Overview:
Automotive
Active Health Monitoring System Market Size is expected to cross USD 23.89
Billion by 2032 at a CAGR of 26.90% during the forecast period 2023 - 2032
The Automotive Active
Health Monitoring System Market has emerged as a pivotal component in the
automotive industry's pursuit of enhanced safety and well-being for drivers and
passengers. This innovative technology employs sensors and advanced monitoring
systems to continuously assess the physical condition of individuals within the
vehicle, offering real-time health insights. With the increasing integration of
smart features in modern vehicles, the demand for active health monitoring
systems is on the rise. These systems not only provide crucial health data but
also contribute to the development of proactive safety measures, such as
alerting drivers in case of potential health issues or fatigue. As automotive
manufacturers continue to prioritize safety and connectivity, the Automotive
Active Health Monitoring System Market is poised for substantial growth,
fostering a new era of intelligent and health-conscious vehicles.
The global automotive active health monitoring
system market size report by Market Research Future (MRFR) contains insights
and latest trends on autonomous vehicles and latest in-built technologies for
the period of 2023 - 2032 (forecast period). The COVID-19 pandemic and its
effects on the industry are included in the report.
The market
dynamics of the Automotive Active Health Monitoring System are shaped by the
growing awareness of the importance of health and safety in the automotive
sector. As consumers become more health-conscious, the integration of active
health monitoring systems is anticipated to become a standard feature in many
vehicles. The system's ability to monitor vital signs, detect stress levels,
and address driver fatigue aligns with the broader industry trend towards autonomous
driving and connected vehicles.
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Additionally,
regulatory bodies are likely to play a pivotal role in driving the adoption of
these systems, emphasizing the need for advanced safety technologies. With
ongoing advancements in sensor technologies and artificial intelligence, the
Automotive Active Health Monitoring System Market is not only addressing
current safety concerns but is also anticipated to play a crucial role in
shaping the future landscape of automotive safety and well-being.
Automotive active health
monitoring system is a novel system installed in certain variants of cars for
monitoring the health of the drivers and its passengers. It uses the help of
external devices for monitoring health metrics accurately and possesses the
capability of calling healthcare authorities in case of an emergency.
Competitive Outlook
•
TATA
Elxsi (India)
•
Acellent
Technologies (U.S.)
•
Qualcomm
Technologies Inc (U.S.)
•
Questex
LLC (U.S.)
•
Hoana
Medical (U.S.)
•
Kritikal
Solutions Pvt. Ltd (India)
•
LORD
MicroStrain Sensing Systems (U.S.)
•
Faurecia
(France)
•
Plessey
Semiconductors (UK)
Automotive Active Health
Monitoring System Market Scope
The global automotive
active health monitoring market size is expected to rise at a CAGR of 20% over
the forecast period. Increasing demand for safety features in vehicles amid
rising cases of accidents is the major driver of the market. This is
facilitated by efforts by governments and automakers to include health
monitoring in their systems. The Effective Automotive Health Monitoring Program
is one such instance which prevents possible road deaths. Rise in chronic
illnesses and instances of diabetes, obesity, and emphasis on public health by
automotive manufacturers can drive the market demand in the coming years.
Increased sales of luxury
vehicles in North America and Europe can bolster the demand for automotive
active health monitoring systems. This is supported by investments in Brazil,
Argentina, and the Middle East & Africa. Initiatives in driver health
monitoring such as detection of inattentiveness and drowsiness can drive its
sales and lead to its implementation in more car brands.
But lack of awareness and
exorbitant costs of vehicles with safety features can limit the market growth.
Segmentation
On the basis of component,
the market has been segmented into sensors and infotainment systems. On the
basis of application, the market has been segmented into blood pressure, pulse
rate, blood sugar level, others. On the basis of vehicle type, the market has
been segmented into passenger vehicle and commercial vehicle.
Passenger vehicles
accounted for a high market share due to rate of adoption and focus on ride
safety. On the basis of sales channel, the market has been segmented into OEM
and after-market.
Regional Analysis
Europe is estimated to
hold the highest revenue market share throughout the forecast period owing to
increased awareness regarding road safety, developed economies, and
infrastructure availability for such systems. Moreover, high spending power of
consumers enables them to invest in feature-rich vehicles, particularly luxury
cars, which is a major driving factor in this region.
North America can capture
a significant market share of the global automotive active health monitoring
system market share due to consumers in the U.S. and Canada facing major health
issues. The latent potential of connected and autonomous cars can lead to its
implementation by various automakers.
On the other hand, Asia
Pacific can capture a large market share owing to abundance of economically
available workforce and large consumer base for technologically advanced cars.
China and Japan are the biggest contributors of the regional market.
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