Overview and Scope
Automotive active health monitoring systems refer to an innovative IoT technology installed in cars that analyzes driver health in real-time. It helps enhance drivers’ performance by identifying unsafe driving habits for both self-correction and for supervisors to teach drivers and spot fleet-wide issues.
Sizing and Forecast
The automotive active health monitoring system market size has grown rapidly in recent years. It will grow from $3.34 billion in 2023 to $3.99 billion in 2024 at a compound annual growth rate (CAGR) of 19.3%. The growth in the historic period can be attributed to safety regulations and standards, increased focus on driver well-being, rise in awareness of fatigue-related accidents, increasing integration of advanced driver assistance systems (adas), demand for personalized in-car experience.
The automotive active health monitoring system market size is expected to see rapid growth in the next few years. It will grow to $7.89 billion in 2028 at a compound annual growth rate (CAGR) of 18.6%. The growth in the forecast period can be attributed to demand for stress reduction features, continued advancements in sensor technology, customization for age-specific needs, rise in ride-sharing and carpooling services, health-conscious consumer preferences. Major trends in the forecast period include data security and privacy measures, biometric authentication for personalized settings, remote health consultation services, focus on mental health monitoring, predictive health analytics.
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Segmentation & Regional Insights
The automotive active health monitoring system market covered in this report is segmented –
1) By Component: Sensors, Other Components
2) By Location: Driver Seat, Dashboard
3) By Deployment: On-Premise, Cloud-Based
4) By Vehicle: Passenger Vehicle, Commercial Vehicle
5) By Application: Pulse, Blood Sugar Level, Blood Pressure, Other Applications
North America was the largest region in the automotive active health monitoring system market in 2023. The regions covered in the automotive active health monitoring system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing number of road accidents is expected to propel the growth of the automotive active health monitoring system market going forward. A road accident refers to an incident involving at least one vehicle on a public road that results in at least one person being hurt or killed. Automotive active health monitoring system helps to prevent road accidents by alerting the driver in case of a heart attack, arrhythmias, heart stiffening or weakening, cardiomyopathy, stress, anxiety, or sadness. For instance, according to a report published by the National Highway Traffic Safety Administration (NHTSA), a US-based federal government agency responsible for keeping people safe on America’s roadways, on U.S. roads, there were 42,939 fatal motor vehicle collisions in 2021. Therefore, increasing road accidents drive the automotive active health monitoring system market.
Key Industry Players
Major companies operating in the automotive active health monitoring system market report are Mercedes-Benz AG, Ford Motor Company, BMW AG, Robert Bosch, AUDI AG, Ferrari, Porsche, Qualcomm Technologies Inc., Continental AG, Volkswagen, Faurecia, Delphi Technologies, Parker Hannifin Corp, NXP Semiconductors,Analog Devices Inc.,Volvo Group, Visteon, Gentex Corporation, Aston Martin, OmniVision Technologies, TATA ELXSI, Oceanit Laboratories Inc.,Plessey, Kritikal Solutions Pvt. Ltd., Jaguar, ETA Transit Systems, Acellent Technologies Inc., DotNetix.
The automotive active health monitoring system market report table of contents includes:
1. Executive Summary
2. Automotive Active Health Monitoring System Market Characteristics
3. Automotive Active Health Monitoring System Market Trends And Strategies
4. Automotive Active Health Monitoring System Market – Macro Economic Scenario
5. Global Automotive Active Health Monitoring System Market Size and Growth
…
32. Global Automotive Active Health Monitoring System Market Competitive Benchmarking
33. Global Automotive Active Health Monitoring System Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automotive Active Health Monitoring System Market
35. Automotive Active Health Monitoring System Market Future Outlook and Potential Analysis
36. Appendix
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