The global automotive active health monitoring system market is expected to reach around US$ 6.8 Bn by 2027 and projected to expand at a CAGR of 66.97% during the forecast period 2020 to 2027.
An automotive active health monitoring system is an automotive technology, which monitors the health of the driver. The automotive active health monitor system is an in-vehicle health monitoring system, which measures and detects the driver’s vital health parameters and biophysical attributes such as respiration rate, blood pressure, pulse, oxygen saturation, and other key health information. It also measures and senses consciousness and drowsiness of the driver while driving. The automotive active health monitoring system utilizes sensors and infrared cameras to detect and monitor human face expressions and health information.
The global automotive active health monitoring system market is likely to be driven by a range of macroeconomic and industry-specific factors. Europe is expected to be at the forefront of global demand, with the market in the region is likely to expand at a CAGR of more than 58% between 2019 and 2026.
The global automotive active health monitoring system market is witnessing significant expansion due to the increase in obese and diabetic population that requires frequent monitoring. Rise in demand for safety features in vehicles and initiatives by governments and OEMs for product differentiation are augmenting the usage of active health monitoring system, which is anticipated to boost the global automotive active health monitoring system market during the forecast period. Expansion of the market is attributed to the increase in chronic illness across the globe owing to unhealthy lifestyle, poor diet, and increasing stress level. The leading cause of death in the U.S. is chronic diseases. In 2012, 117 million people had one or more chronic health conditions, and one in four adults had two or more chronic health conditions. Similarly, in Europe, chronic diseases is a major cause of road accidents-related mortality. According to the World Health Organization, in Europe, more than one-third of the population above the age of 15 has chronic diseases. Major OEMs such as Audi, BMW, Mercedes, Ford, Volkswagen, and Volvo are taking initiatives in driver health monitoring by providing features such as driver attention and drowsiness detection by using driving inputs, cameras, and biomedical sensors. These factors are likely to propel the active health monitoring system market during the forecast period.
The global automotive active health monitoring system market has been segmented based on location, components, deployment type, application, sales channel, and vehicle. Several OEMs are focusing on the research and development of active health monitoring system on the vehicle seat type health monitoring. Hence, it is likely to be introduced before the dashboard health monitoring system. The dashboard segment is expanding at a higher growth rate due to the dashboard active health monitoring system’s integration in the vehicle and combination with other technologies such as active drowsiness system, which makes it highly cost-effective, as compared to the seat type active health monitoring system. The dashboard health monitoring system has comparatively more components; hence, it is more expensive. However, the dashboard segment is likely to expand at a rapid pace due to more functionality provided by the system. Consequently, the dashboard segment is likely to dominate the automotive active health monitoring system market during the forecast period.
In terms of application, the pulse segment is expected to hold a major share of the market by the end of 2019, as compared to other application segments. Changing lifestyle, increase in daily travel, increase in workload, and change in food habits are major causes for health issues such as diabetes and high/low blood pressure.
Based on components, the automotive active health monitoring system market can be divided into sensors and other important components, which include cameras, processors, and networks, and other systems that provide integrated health monitoring system for complete information of driver and passengers.
Based on deployment type, the cloud-based segment is likely to expand at a higher growth rate owing its advantages over on-premises system such as data security and high storage capacity. The on-premises active health monitoring system has limited applications and it offers low storage capacity and limited working range. Therefore, the on-premises segment is likely to contract during the forecast period.
Based on vehicle type, the passenger vehicle segment is projected to dominate the automotive active health monitoring system market during the forecast period. A majority of the OEMs are focusing on the development of the active health monitoring health system for passenger vehicles and autonomous vehicles. Therefore, the passenger vehicle segment likely to expand during the forecast period.
In terms of region, Europe is expected to be a highly attractive market by the end of 2027, in terms of revenue, followed by North America and Asia Pacific. North America is likely to hold a prominent share of the market during the forecast period owing to the higher implementation of the active health monitoring system in vehicles in the U. S. People in North America and Europe are facing health issues such as obesity, high/low blood pressure, diabetes, and they need a system that can monitor the vital health signs of an individual.
Technological Advancements Accelerate Adoption of Automotive Active Health Monitoring Systems
Technological advancements and innovations are expected to play an important role in the expansion of the global automotive active health monitoring system market. The crossover between the health sector and the automotive sector has resulted in a staggering surge in the adoption of automotive active health monitoring systems. At present, steering wheels and seat belts can offer real-time data pertaining to the driver’s health. Although the technology is at a relatively nascent stage, pairing automotive active health monitoring systems with wearable technology is a trend that is set to gain significant traction in the coming years. Advancements in the electronics and microelectronics space have led to a significant rise in the development of cost-effective devices that are increasingly being used as monitoring tools.
COVID-19 Pandemic Dents Automotive Production, Market Players to Seek Opportunities in Healthcare Sector
The advent of the novel coronavirus pandemic has majorly impacted the automobile production worldwide. While the production of automobiles is projected to decline over the next couple of months, the demand for automotive active health monitoring systems is likely to remain sluggish as well. The assembly lines in different fast-moving production industries, including the automotive sector are being affected and companies operating in the automotive active health monitoring system market are expected to target those that have incorporated agile manufacturing processes and supply chains to mitigate losses. In addition, companies in the current market landscape should also eye opportunities in the healthcare sector and identify the different pockets wherein the demand for active health monitoring systems is high to ensure cash flow. Product development and diversification coupled with value addition is expected to remain the key for companies in the upcoming months.
Key players operating in the global automotive active health monitoring system market include
The Automotive Active Health Monitoring System market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Automotive Active Health Monitoring System market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Automotive Active Health Monitoring System market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Automotive Active Health Monitoring System market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Automotive Active Health Monitoring System market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Automotive Active Health Monitoring System capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Automotive Active Health Monitoring System by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Automotive Active Health Monitoring System market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Automotive Active Health Monitoring System market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Automotive Active Health Monitoring System market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Automotive Active Health Monitoring System industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Automotive Active Health Monitoring System market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Automotive Active Health Monitoring System market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Automotive Active Health Monitoring System market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Automotive Active Health Monitoring System market. These factors have benefited the growth of the global market for Automotive Active Health Monitoring System. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Automotive Active Health Monitoring System. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Automotive Active Health Monitoring System are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are:
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