The global automotive active health monitoring system market was valued at USD 2.91 billion in 2022 and is expected to reach USD 41.89 billion by 2032, with a compound annual growth rate (CAGR) of 30.6% during the forecast period 2023 to 2032.
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The automotive industry has been upended in the recent past because of the increasing integration of advanced technologies such as Artificial Intelligence (AI), vehicle automation, and the Internet of Things (IoT). Within the industry, an array of institutions that include public agencies, universities, and major market players are working in tandem to explore the potential benefits of such technologies in the automobile industry. In the recent past, active health monitoring system in the automotive industry has gained prominent popularity, and the same trend is expected to continue in the forthcoming years.
Favorable government policies related to passenger safety have compelled the market players to integrate health monitoring technologies in the automotive sector. In the wake of the same, many healthcare organizations and automotive giants are collaborating with each other for improving passenger safety in the vehicle. Presently, seat belts and steering wheels can provide real-time data related to the driver’s health. Though the technology is at its budding phase, pairing wearable technology with automotive active health monitoring systems is a trend that likely to gain notable traction in the upcoming years. Further, advancements in the microelectronics and electronics fields have given rise to cost-effective devices that are significantly applied in various monitoring tools.
Report Scope of the Automotive Active Health Monitoring System Market
|Market Size in 2023||USD 3.79 Billion|
|Market Size by 2032||USD 41.89 Billion|
|Growth Rate from 2023 to 2032||CAGR of 30.6%|
|Fastest Growing Market||Asia Pacific|
|Forecast Period||2023 to 2032|
|Segments Covered||Location, Component, Vehicle Type, Deployment, Application, Region|
|Companies Mentioned||Faurecia, TATA Elxsi, Plessey Semiconductors, Acellent Technologies, Hoana Medical, Inc., LORD, Micro Strain Sensing Systems, and FLEX LTD.|
The dashboard is anticipated to be the highly attractive segment within the global automotive active health monitoring market. This is mainly attributed to the incorporation of AI and machine learning for face detection, gesture recognition, tiredness, and distraction of drivers to prevent accidents. With these advanced technologies mood and other emotions of the driver is being detected which helps the automated car technology to switch the driving mode into the safe mode if the driver is not in a healthy driving condition.
Apart from this, the car seat is another important segment that is likely to capture a prominent value share in the overall market. The rising trend of health monitoring wearable technologies on the driver’s seat for continuously monitoring the pulse, blood pressure, and sugar level of the driver is another prominent trend that boosts the adoption of active health monitoring systems in the car seat segment.
The pulse application segment leads the global automotive active health monitoring system market in the year 2022. The significant growth of the segment is mainly because the variation in the pulse of the driver is the major cause of an accident. Variation in the heartbeat reflects the irregular blood flow in the lungs and other parts of the body that may lead to cardiac arrest or other serious problems and this may cause a road accident. To prevent this, pulse monitoring devices are incorporated in the driver’s seat that continuously monitors and reflects the real-time data of the heart functioning. Any irregularity in the pulse raises an alarm and the system alerts the driver to discontinue driving. This could prevent from several road accidents along with injury & loss of life. The aforementioned factors are the major contributors to the significant growth of the pulse segment.
Europe is the front-runner in the global automotive active health monitoring system market and is estimated to continue its dominance in the upcoming years. This is mainly because of the presence of several automotive giants in the region and is largely focused on incorporating driver assistance systems and other safety features in the vehicle. These automotive players are also extensively focused on Research & Development (R&D) for improving the in-vehicle health monitoring system.
On the contrary, the Asia Pacific exhibits the fastest growth over the forecast period owing to the rapid adoption of advanced electronics components in the automotive industry. In addition, rapid growth in the demand for advanced safety features in the vehicle owing to the increasing number of accidents also trigger the demand for active health monitoring systems in the region. To ensure driver safety, the government has also mandated the integration of health monitoring technologies in the upcoming automobiles to reduce the loss of life and property caused because of road accidents.
Key Companies & Market Share Insights
The global automotive active health monitoring system market is still at its nascent stage and offers significant opportunities for the market players to innovate and develop attractive health monitoring technologies for automobiles. This will also help the market participants to grab the maximum share in the market and strengthen their foothold on a global scale. In the wake of the same, they invest prominently in R&D activity to cater to the rapid changes in consumer demand.
Some of the prominent players in the automotive active health monitoring system market include:
Segments Covered in the Report
This research study comprises a complete assessment of the market by means of far-reaching qualitative and quantitative perceptions, and predictions regarding the market. This report delivers a classification of the marketplace into impending and niche sectors. Further, this research study calculates the market size and its development drift at global, regional, and country from 2020 to 2032. This report contains a market breakdown and its revenue estimation by classifying it on the basis of location, component, vehicle type, deployment, application, and region:
By Vehicle Type
By Regional Outlook
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