Competitive Outlook Global Automotive Active Health Monitoring System Market
Acellent Technologies, Kritikal
Solutions Pvt. Ltd, Plessey Semiconductors, Hoana Medical, Questex LLC, LORD
MicroStrain Sensing Systems, Faurecia, Qualcomm Technologies, Inc, and TATA
Elxsi are key players of the global automotive active health monitoring system
market.
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.
Health Monitoring System 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 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.
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. The global
automotive active health monitoring system market report by Market Research
Future (MRFR) contains insights and latest trends on autonomous vehicles and
latest in-built technologies for the period of 2018 to 2023 (forecast period).
The COVID-19 pandemic and its effects on the industry are included in the
report.
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