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Global Automotive Active Health Monitoring System Market

Automotive Active Health Monitoring System Market Size, Share, Growth Analysis, By Components(Infotainment Systems and Sensors), By Application(Pulse Rate, Blood Pressure, and Blood Sugar Level), By Type(Passenger Cars Hatchback, Sedan, SUV and Commercial Vehicles), By Sales Channel(OEM and Aftermarket), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35G2132 | Region: Global | Published Date: February, 2024
Pages: 233 | Tables: 113 | Figures: 77

Automotive Active Health Monitoring System Market Insights

Automotive Active Health Monitoring System Market size was valued at USD 1.54 billion in 2019 and is poised to grow from USD 1.96 billion in 2023 to USD 13.22 billion by 2031, growing at a CAGR of 26.96% in the forecast period (2024-2031).

The Automotive Active Health Monitoring System uses a biometric feedback sensor with electrodes to track the driver's health indicators, such as signs of exhaustion, attention, and drowsiness. This device is situated on the dashboard of the car, on the steering of the driver's seat, or close to the seatbelt. The automotive active health monitoring system is a cutting-edge piece of medical equipment installed inside the car that improves driver safety by analysing body signals and wellness factors. The majority of mishaps and injuries are frequently brought on by emotional instability, irritability, tiredness, or other medical disorders that could be helped by this technology.

The importance of this technology is anticipated to grow over the coming years as several common ailments like diabetes and obesity become more prevalent. Leading automakers have already begun integrating this technology into their automobiles since the prevalence of diabetes and obesity is expected to rise. Additionally, the market for automotive active health monitoring systems is anticipated to rise as a result of factors such as an increase in traffic accidents, fast moving vehicles, reckless driving, and aggressive driving. Moreover, the stringent rules and implementation of different government programmes to reduce the number of road accident cases and improve the safety features in vehicles are projected to open up huge market prospects for automotive active health monitoring systems.

US Automotive Active Health Monitoring System Market is poised to grow at a sustainable CAGR for the next forecast year.

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Automotive Active Health Monitoring System Market size was valued at USD 1.54 billion in 2019 and is poised to grow from USD 1.96 billion in 2023 to USD 13.22 billion by 2031, growing at a CAGR of 26.96% in the forecast period (2024-2031).

The market for automotive active health monitoring systems is made up of numerous national and international service providers who are constantly developing to strengthen their market positions. The market for automotive active health monitoring systems is expanding as a result of increased customer concerns about safety and security, rising demand for luxury and electric vehicles (EV), and EVs in general. The demand for automotive active health monitoring systems has increased as a result of the increasing usage of technology in cars, such as the real-time health monitoring system for detecting drivers' distraction, sleepiness, and weariness. Additionally, there is a high need for such health monitoring systems due to the increase in traffic accidents in some areas, which is intended to lessen the impact of the accident on the driver. 'TATA Elxsi', 'Qualcomm Technologies', ' Faurecia ', ' Plessey Semiconductors Ltd ', ' Bosch Automotive Service Solutions Inc. ', ' VivaLnk ', ' DENSO CORPORATION ', ' NXP Semiconductors N.V. ', ' Hill-Rom Holdings, Inc. ', ' Magna International Inc. ', ' Analog Devices, Inc. ', ' Zephyr Performance Systems ', ' Sensogram Technologies, Inc. ', ' Cognosos, Inc. ', ' Maxim Integrated ', ' Texas Instruments Incorporated ', ' Harman International ', ' Gentag, Inc. ', ' Ambulatory Monitoring Inc. ', ' LifeWatch AG '

An increasing number of fatalities from traffic accidents Due to increased public awareness of environmental conservation, as well as government incentives and programmes, the sales of electric vehicles (EVs) are increasing quickly. Global demand for electric vehicles has been sparked by knowledge of the environmental effects of gasoline-powered automobiles.

The recent disruption of the Automotive Active Health Monitoring System market is a result of the growing integration of cutting-edge technology like artificial intelligence (AI), vehicle automation, and the internet of things (IoT). The industry is cooperating with a wide range of institutions to investigate the potential advantages of such technologies in the automotive sector, including public agencies, universities, and significant market players. Active health monitoring systems have recently become very popular in the automotive sector, and this trend is anticipated to continue in the coming years.

Due to its established economies, increasing awareness of road safety, and accessibility of the infrastructure needed for such systems, Europe is anticipated to hold the largest revenue market share throughout the projection period. Germany is anticipated to hold the top spot in the market during the forecast period, followed by France, the United Kingdom, and the rest of Europe. Additionally, consumers' strong purchasing power makes it possible for them to invest in feature-rich cars, especially luxury cars, which is a major driver in this market.

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Global Automotive Active Health Monitoring System Market

Report ID: SQMIG35G2132

$5,300
BUY NOW GET FREE SAMPLE