PRESS RELEASE
Posted on March 30, 2023
WILMINGTON, DE / ACCESSWIRE / March 30, 2023 / Transparency Market Research Inc. – The Active Automotive Health Monitoring System Market Size is estimated to be valued at US$ 73.2 billion by 2031. The increasing demand for high-tech safety features in automobiles and the increasing incidence of road accidents related to driver fatigue require the deployment of active control systems of the car’s health.
Active automotive health monitoring systems involve real-time monitoring of the driver’s health and well-being. The technology uses various cameras, sensors and other monitoring devices to examine the physical and mental state of the driver and provides alerts if potential health problems are found.
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Main conclusions of the study
Increase attention to vehicle safety – Vehicle health monitoring systems contribute to overall driver safety and comfort. Superior attributes to prevent possible traffic accidents are fueling the installation of these systems in vehicles.
According to published data, nearly 4,000 accidents are caused in the US each year by bus and truck accidents. Of these, between 10% and 12% of accidents involve fatigued drivers. As the number of traffic accidents continues to increase, there is a need to improve vehicle safety. This is expected to drive the growth of the automotive active health monitoring system market in the coming years.
The role of OEMs to integrate robust driver health monitoring systems into their vehicles is driving market development. These systems consolidate driver information such as primary care, wearable devices used and prescription details into the vehicle system. This helps to accurately understand the health of the driver.
Increase in the prevalence of chronic diseases – All over the world, chronic diseases are one of the main causes of traffic accidents. According to statistics, the high prevalence of chronic diseases such as diabetes and blood pressure in adults is forcing car manufacturers to integrate active health monitoring systems into vehicles. These devices can measure vital parameters such as the driver’s body temperature, blood pressure and pulse. This, in turn, is estimated to drive the growth of the market during the forecast period.
Chronic diseases are one of the main causes of traffic accidents in Europe. According to the World Health Organization, more than a third of the population aged 15 and over suffer from chronic diseases in the region.
Active health monitoring systems include unique sensor technologies to collect and examine biological data and check driver behavior. This signals the sensors to apply countermeasures to prevent stress, illness and drowsiness, thus helping to prevent traffic accidents.
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High ownership of passenger vehicles – By vehicle, the passenger vehicle segment is expected to account for the major share during the forecast period. Increasing urban population and rising disposable income are driving passenger vehicle ownership. The SUV passenger vehicle sub-segment accounted for the leading share in 2022 owing to the demand for high-tech safety features in these vehicles.
Cloud-based systems are gaining popularity – Based on deployment, the cloud-based segment is expected to account for the leading market share during the forecast period. This can be attributed to the increased replacement of on-premises monitoring systems with cloud-based ones. The economic advantage and data security of a large number of users are increasing the demand for cloud-based systems.
Growth factors
- The need for advanced safety features in automobiles to prevent road accidents related to driver fatigue is driving the active automotive health monitoring system market.
- The integration of advanced technology to improve the road safety of vehicles is increasing the demand for active automotive health monitoring systems.
Dynamics of regional growth
Europe is expected to dominate the global automotive active health monitoring system market during the forecast period. Increasing demand for high-tech passenger vehicles to prevent road accidents and the presence of some well-established automobile companies are driving the market dynamics of the region.
Asia Pacific is expected to register significant industry growth in the coming years. Increasing ownership of passenger vehicles and growing awareness about the importance of driver health are driving the progress of the market in the region.
Competition landscape
The competitive landscape of the automotive active health monitoring system market is consolidated, with a few manufacturers accounting for the majority of the market share. Key players are investing significantly in R&D to improve the accuracy and effectiveness of their products.
Prominent players in the automotive active health monitoring system market include TATA Elxsi, Qualcomm Technologies Inc., Hoana Medical, LORD, Faurecia, Acellent Technologies, Questex LLC, Kritikal Solutions Pvt. Ltd., MicroStrain Sensing Systems and Plessey Semiconductors.
Key Points of OCD:
1. Executive summary
1.1. Global market outlook
1.1.1. Market value in billions of dollars, 2017-2031
1.2. Competitive panel analysis
2. Market overview
2.1. TMR analysis and recommendations
2.2. Market coverage / Taxonomy
2.3. Market definition / scope / limitations
2.4. Macroeconomic factors
2.5. Market dynamics
2.5.1. drivers
2.5.2. restrictions
2.5.3. opportunity
2.6. Analysis of market factors
2.6.1. Analysis of Porter’s five forces
2.6.2. SWOT analysis
2.7. Regulatory scenario
2.8. Analysis of key trends
3. Analysis of industry ecosystems
3.1. Value Chain Analysis
4. Impact Analysis of COVID-19 – Automotive Active Health Monitoring System Market
5. Price analysis
5.1. Analysis of the cost structure
5.2. Profit margin analysis
6. Global Active Automotive Health Monitoring Systems Market, by Location
6.1. Image of the market
6.1.1. Introduction, definition and key conclusions
6.1.2. Market growth and year-on-year projections
6.1.3. Analysis of the participation of basic points
6.2. Global Automotive Active Health Monitoring System Market Size Analysis and Forecast, 2017-2031, by Locations
6.2.1. Driver’s seat
6.2.2. panel
OCD Continued……
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The automotive active health monitoring system market is segmented as follows;
Active Automotive Health Monitoring Systems Market, by Location
Active Automotive Health Monitoring Systems Market, by Component
- Sensors
- others
- processor
- Network and Bus
- software
- Infotainment system
- camera
Active automotive health monitoring systems market, by vehicle
- Passenger vehicle
- Hatchback
- sedan
- SUV
- Commercial Vehicle
Automotive Active Health Monitoring Systems Market, by Application
- dust
- Blood sugar level
- blood pressure
- others
Active Automotive Health Monitoring Systems Market, by Deployment
Active Automotive Health Monitoring Systems Market, by Region
- North America
- europe
- Asia Pacific
- Middle East and Africa
- South America
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