USD 1.54 billion
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Report ID: SQMIG35G2132 | Region: Global | Published Date: February, 2024 | Pages: 233 | Tables: 113 | Figures: 77
Automotive Active Health Monitoring System Market size was valued at USD 1.54 billion in 2021 and is poised to grow from USD 1.96 billion in 2022 to USD 13.22 billion by 2030, growing at a CAGR of 26.96% in the forecast period (2023-2030).
The Automotive Active Health Monitoring System uses a biometric feedback sensor with electrodes to track the driver's health indicators, such as signs of exhaustion, attention, and drowsiness. This device is situated on the dashboard of the car, on the steering of the driver's seat, or close to the seatbelt. The automotive active health monitoring system is a cutting-edge piece of medical equipment installed inside the car that improves driver safety by analysing body signals and wellness factors. The majority of mishaps and injuries are frequently brought on by emotional instability, irritability, tiredness, or other medical disorders that could be helped by this technology.
The importance of this technology is anticipated to grow over the coming years as several common ailments like diabetes and obesity become more prevalent. Leading automakers have already begun integrating this technology into their automobiles since the prevalence of diabetes and obesity is expected to rise. Additionally, the market for automotive active health monitoring systems is anticipated to rise as a result of factors such as an increase in traffic accidents, fast moving vehicles, reckless driving, and aggressive driving. Moreover, the stringent rules and implementation of different government programmes to reduce the number of road accident cases and improve the safety features in vehicles are projected to open up huge market prospects for automotive active health monitoring systems.
US Automotive Active Health Monitoring System Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1.54 billion
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Global Automotive Active Health Monitoring System Market is segmented based on the Component, Application, Type, Sales Channel and region. Based on Component Global market is segmented into Infotainment Systems, Sensors. Based on the Application it is segmented into Pulse Rate, Blood Pressure, Blood Sugar Level, Others. Based on the Type into Passenger Cars, Hatchback, Sedan, SUV, Commercial Vehicles. Based on the Sales Channel into After Market, and OEM. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Automotive Active Health Monitoring System Market Analysis by Application
The automotive active health monitoring system market is forecast to be driven by the pulse segment. Accidents are more likely to occur if the driver's heart rate increases. This can be prevented by incorporating the automobile active health monitoring system, which tracks the driver's heart rate and can immediately sound an alarm if their pulse starts to act strangely. The pulse segment is expected to grow as a result during the forecast period.
Automotive Active Health Monitoring System Market Analysis by Components
The other market sector, which encompasses infotainment systems, cameras, processors, and networks, is anticipated to increase significantly over the course of the projected period. During the forecast period, it is predicted that the other category would grow due to the ongoing development of camera and infotainment systems, the introduction of digital health apps, and the development of monitoring systems.
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Due to its established economies, increasing awareness of road safety, and accessibility of the infrastructure needed for such systems, Europe is anticipated to hold the largest revenue market share throughout the projection period. Germany is anticipated to hold the top spot in the market during the forecast period, followed by France, the United Kingdom, and the rest of Europe. Additionally, consumers' strong purchasing power makes it possible for them to invest in feature-rich cars, especially luxury cars, which is a major driver in this market.
Due to the quick adoption of modern electronics components in the automotive market, the Asia Pacific region will develop at the fastest rate over the projection period. In addition, the region's need for an active health monitoring system is growing quickly due to the increased demand for sophisticated safety features in cars as a result of an increase in accidents. However, APAC also has high system costs, making them affordable in the majority of Asia Pacific economies where cheap, basic cars are still the norm.
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Automotive Active Health Monitoring System Market Drivers
Increase in sales of EV and Luxury Vehicles to Boost Market Growth
Automotive Active Health Monitoring System Market Restraints
High Cost of the System to Hinder Market Growth
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The market for automotive active health monitoring systems is made up of numerous national and international service providers who are constantly developing to strengthen their market positions. The market for automotive active health monitoring systems is expanding as a result of increased customer concerns about safety and security, rising demand for luxury and electric vehicles (EV), and EVs in general. The demand for automotive active health monitoring systems has increased as a result of the increasing usage of technology in cars, such as the real-time health monitoring system for detecting drivers' distraction, sleepiness, and weariness. Additionally, there is a high need for such health monitoring systems due to the increase in traffic accidents in some areas, which is intended to lessen the impact of the accident on the driver.
Automotive Active Health Monitoring System Market Top Player's Company Profiles
Plessey Semiconductors Ltd
Bosch Automotive Service Solutions Inc.
NXP Semiconductors N.V.
Hill-Rom Holdings, Inc.
Magna International Inc.
Analog Devices, Inc.
Zephyr Performance Systems
Sensogram Technologies, Inc.
Texas Instruments Incorporated
Ambulatory Monitoring Inc.
Automotive Active Health Monitoring System Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, an automotive active health monitoring system is a technology component that collects data on the driver's health. The vehicle active health monitor system is an in-car health monitoring system that monitors and evaluates the driver's vital health metrics and biophysical characteristics, such as respiration rate, blood pressure, pulse, oxygen saturation, and other significant health data. This is a crucial element that will likely drive the market for automotive active health monitoring systems during the forecast period.
|Market size value in 2021
|USD 1.54 billion
|Market size value in 2030
|USD 13.22 billion
|Forecast Unit (Value)
|North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Automotive Active Health Monitoring System Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Automotive Active Health Monitoring System Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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