Automotive Active Health Monitoring System Market Forecasts to 2028 – Global Analysis By Component (Infotainment System, Sensors), Vehicle Type (Commercial Vehicle, Passenger Vehicle) and By Geography
According to Stratistics MRC, the Global Automotive Active Health Monitoring System Market is accounted for $1.55 billion in 2020 and is expected to reach $14.36 billion by 2028 growing at a CAGR of 32.1% during the forecast period. Increased awareness of health measures and road safety, technological developments, and novel inventions in recent years are the major factors propelling the market growth. However, the regulatory concern over data privacy and lack of modern infrastructure challenges are hampering the market growth.
The automotive active health monitoring system is an advanced health technology fitted inside the vehicle that enhances the safety of the driver by tracking human body signs and its wellness aspects. Majority of the accidents and injuries are often caused by mental disturbance, irritation, exhaustion, or other medical conditions which can be benefitted with this technology. It is expected that in the next few years, several common diseases such as diabetes and obesity is likely to increase the significance of this technology. Continuous monitoring will help the drivers be aware of their health conditions and prevent road accidents.
Based on vehicle type, the passenger vehicle segment is estimated to have a lucrative growth due to the increasing OEMs focus on passenger vehicles compared to that of commercial vehicles. Additionally, the majority of leading automotive manufacturers are incorporating active health monitoring systems that are usually manufacturers of only passenger vehicles. For instance, Audi, Volvo, BMW, Mercedes, Volkswagen, Ford are the leading automotive companies who have incorporated the active health monitoring systems, and all of them majorly manufacture passenger vehicles. These factors lead to drive the growth of this segment.
By geography, Europe is going to have a lucrative growth during the forecast period due to the factors such as increased awareness regarding road safety, extensive R&D activities, growing government norms for in-vehicle safety equipment in Italy, France, and the UK. Moreover, the rapid development of advanced technologies and the presence of several automotive giants that are extensively focusing on R&D to improve the in-vehicle health monitoring system are adding to the global automotive active health monitoring system market growth in the region. Moreover, high spending power of consumers that allows them to invest in feature-rich vehicles especially luxury cars is creating ample opportunities for the market in the European region.
Some of the key players profiled in the Automotive Active Health Monitoring System Market include TATA Elxsi, Acellent Technologies, Qualcomm Technologies Inc, Questex LLC, Hoana Medical, Kritikal Solutions Pvt. Ltd., LORD MicroStrain Sensing Systems, Faurecia, and Plessey Semiconductors.
• Infotainment System
• Driver's Seat
Vehicle Types Covered:
• Commercial Vehicle
• Passenger Vehicle
• Blood Pressure
• Blood Sugar Level
• Open Automotive Active Health Monitoring System
Deployment Types Covered:
Sales Channels Covered:
• Original Equipment Manufacturer (OEM)
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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- Market share assessments for the regional and country-level segments
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- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
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- Supply chain trends mapping the latest technological advancements
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