The globalautomotive active health monitoring system marketis predicted to have a healthy growth at a whopping 20% CAGR over the assessment period (2018-2023). Both the state of mind and the health of the driver is extremely crucial for safe driving. Any form of physical factor namely drunkenness, distraction and drowsiness can result in severe road accidents. An active health monitoring system comes with biometric feedback sensors along with electrodes which are placed next to the driver’s seat, the steering wheel or seatbelt for analyzing the health. Basically, this system helps in testing the body temperature, body pressure, body moisture, breathing rate, blood pressure and heart rate along with the cabin temperature in few cases. Also, the automotive health monitoring system provides the driver with some notification by activating useful systems namely speed limiter and driver alert or displaying the warning message. This system helps in monitoring the health of the driver and prevent probable road facilities.
There are plentiful factors that is boosting the growth of the automotive active health monitoring system. These factors as per the Market Research Future (MRFR) report include noteworthy alterations with regards to safety norms laid down by government bodies, advancements and innovations in the automotive industry that will improve safe driving conditions, rise in chronic illness worldwide due to increasing stress level, poor diet and unhealthy lifestyle, and growing instances of diabetes and obesity. The additional factors that are propelling the market growth include road rage, high speed of cars owning to improved roads, and growing incidences of accidents. On the contrary, lack of awareness, increasing cost of vehicles owing to such features, lack of infrastructural facilities and privacy concerns and data protection are factors that may deter the growth of the automotive active health monitoring system.
MRFR report provides an extensive segmental analysis of the automotive active health monitoring system market on the basis of application, component, sales channel, and vehicle type.
Based on component, it is segmented into infotainment systems and sensors. Of these, infotainment systems will have the largest share in the market over the assessment period.
Based on application, the automotive active health monitoring system market is segmented into blood pressure, blood sugar level, pulse rate and others. Of these, pulse rate will dominate the market over the assessment period.
Based on vehicle type, it is segmented into commercial vehicle and passenger vehicle. Of these, passenger vehicle will lead the market over the assessment period.
Based on sales channel, the automotive active health monitoring system market is segmented into after-market and OEM. Of these, OEM will account for a major share in the market over the assessment period.
By region, the automotive active health monitoring system market covers growth opportunities and latest trends across North America, Europe, Asia Pacific and Rest of the World. Of these, Europe will command the market over the assessment period. This is due to growing awareness about road safety, infrastructure accessibility for these systems and developed economies. Besides, consumers high spending power enables them in investing in cars that are feature-rich, especially luxury cars. This again is a key driving factor here. Presence of key automobile OEMs in this region such as Fiat, Porsche, Mercedes and Volkswagen, coupled with stringent regulations concerning road safety are again anticipated to drive the market.
Leading players profiled in the automotive active health monitoring system market include Plessey Semiconductors (UK), Faurecia (France), LORD MicroStrain Sensing Systems (U.S.), Kritikal Solutions Pvt. Ltd (India), Hoana Medical (U.S.), Questex LLC (U.S.), Qualcomm Technologies, Inc, (U.S.), Acellent Technologies (U.S.) and TATA Elxsi (India).
Jan 2019- Eyesight has joined hands with Samsung Electronics to come up with a fully-integrated and most advanced Driver Monitoring System. This combined technology is all set to be demonstrated at the upcoming 2019 CES (Consumer Electronica Show). The Driver Monitoring System will help to improve driver safety, prevent accidents as well as save lives.
Note: The COVID-19 pandemic disruption is estimated to transform the XX market in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on the XX market meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues.