Automotive Active Health Monitoring System Market (By Component: Infotainment Systems, Sensors; By Application: Pulse Rate, Blood Pressure, Blood Sugar Level, Others; By Vehicle Type: Passenger Cars, Commercial Vehicles; By Sales Channel: After Market, OEM) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026
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The global automotive active health monitoring system market is expected to reach the market value of around US$ 7 Bn by 2026 and is anticipated to grow at a CAGR of around 26% during the forecast period 2019 to 2026.
Automotive active health monitoring refers to monitor vital driver signs including fatigue, drowsiness, and distraction. Automotive active health monitoring involves health technology that, inside a vehicle, leads to safety improvements. Through tracking vital signs, medical technology inside a vehicle may lead to changes in safety as well as health and wellness aspects. In poor state of mind, injuries are often caused by exhaustion, irritation, or other medical conditions. Managing human factors requires controlling, recording and monitoring the driver's most critical vital parameters.
The report provides analysis of global automotive active health monitoring system market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.
Market Dynamics
The demand for automotive active health monitoring systems is undergoing a powerful expansion due to the increase in the population of obese and diabetes, which requires constant monitoring. The active safety motoring device has an integrated biometric feedback sensor with electrodes placed close to the driver's seat, seatbelt, or steering wheel for health assessment. Moreover, chronic disease is a common variable in road deaths, as several drivers were diagnosed with diabetes, cardiac and renal diseases, leading to road accidents caused by exhaustion and confusion. The Effective Automotive Health Monitoring Program tracks the safety of the driver and helps to prevent possible road deaths. Significant changes in safety standards by government agencies have led to the development of safety features for drivers as well as passengers and vehicle safety by auto manufacturers. This is a key factor anticipated to improve the demand for the automotive active health monitoring system in near future.
Regional Stance
Europe is expected to have the largest market share of revenue throughout the forecast period. High consumer spending power allows them to spend in feature-premium vehicles, mainly luxury cars, which in this region is a major driving factor. A key reason for introducing in-vehicle health monitoring systems such as the automotive active health monitoring system is to improve R&D to ensure the safety of the vehicle user.
Asia Pacific market for active automotive health monitoring systems is likely to fluctuate at a slower rate of growth over the forecast period due to the high system costs, making them inexpensive in most Asia Pacific economies where inexpensive, bare-bones cars are still the norm.
Regulatory Stance
Carmakers are catching up with the trend of tracking the driver's vital signs. Nonetheless, this can lead to potential regulatory barriers as the medical device has to be changed for in-car use to the point that it needs to be re-approved by the FDA.
Report coverage
The market research study on “Automotive Active Health Monitoring System Market (By Component: Infotainment Systems, Sensors; By Application: Pulse Rate, Blood Pressure, Blood Sugar Level, Others; By Vehicle Type: Passenger Cars, Commercial Vehicles; By Sales Channel: After Market, OEM) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers a detailed insights on the global automotive active health monitoring system market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report provides insights on global automotive active health monitoring system market, its component, application, vehicle type, sales channel, and major geographic regions. The report covers global automotive active health monitoring system market size, and segment markets by component, application, vehicle type, sales channel, and geography along with the information on companies operating in the market. The automotive active health monitoring system market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
The global automotive active health monitoring system market is segmented as below:
Market Segmentation
Automotive Active Health Monitoring System Market By Component
- Infotainment Systems
- Sensors
Automotive Active Health Monitoring System Market By Application
- Pulse Rate
- Blood Pressure
- Blood Sugar Level
- Others
Automotive Active Health Monitoring System Market By Vehicle Type
- Passenger Cars
- Commercial Vehicles
Automotive Active Health Monitoring System Market By Sales Channel
- After Market
- OEM
Automotive Active Health Monitoring System Market By Geography
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of MEA
Key Players
Major players include in this report are Kritikal Solutions Pvt. Ltd., Plessey Semiconductors, Faurecia, LORD MicroStrain Sensing Systems, Hoana Medical, Questex LLC, Qualcomm Technologies Inc., Acellent Technologies, and Others.
The global market for automotive active health monitoring system is highly fragmented, with major players using various strategies such as new product releases, extensions, alliances, joint ventures, collaborations, acquisitions, and others to expand their footprints in this market.