Press Release

Global Automotive Active Health Monitoring System Market is Expected to Reach US$ 7.5 billion by 2025

Date : Oct 21, 2018

New report published by Global QYResearch which offers insights on the global Automotive Active Health Monitoring System market. The Automotive Active Health Monitoring System market has been experiencing steady growth graph since past years. During the 2017-2025 timeline, the global market for Automotive Active Health Monitoring System is expected to reflect a 60x increase in the revenue growth. In 2017 the global Automotive Active Health Monitoring System market was valued at US$ 124.32 Mn and by the end of the assessment year (2025), it is estimated to touch a value more than US$ 7,474 Mn growing at a value CAGR of 66.87% throughout the period of forecast.

Global Automotive Active Health Monitoring System Market: Market Driver and Restraint

Chronic illness is a prominent factor responsible for the rise in road fatalities, as several drivers are diagnosed with diabetes, cardiovascular, and renal disorders, leading to road accidents caused due to tiredness and distraction. The automotive active health monitoring system monitors the driver’s health and helps avoid probable road fatalities. Significant alteration in safety norms by government bodies has led to the development of safety features by auto manufacturers for drivers as well as passengers and vehicle safety. This is a key factor that is anticipated to boost the automotive active health monitoring system market during the forecast period. Advancements in the automotive industry are expected to lead to further development of the automotive health monitoring system, which is expected to enhance safe driving conditions and is also likely to assist the driver if he loses consciousness, by taking the control of the vehicle and pulling the vehicle aside, and informing the nearest medical facility. This is expected to propel the demand for automotive active health monitoring system.

Global Automotive Active Health Monitoring System Market: Key Takeaways

However, the automotive active health monitoring system requires modern infrastructural facilities, which are yet to be developed in most parts of the world. Lack of infrastructural facilities coupled with data protection & privacy concerns is a key issue that is likely to hamper the automotive active health monitoring system market during the forecast period.

Global Automotive Active Health Monitoring System Market: Forecast by Type

In terms of location, dashboard is projected to be a highly attractive segment of the automotive active health monitoring system market. The automotive active health monitoring system located in the dashboard is likely to increase the monitoring and sensing of information such as gesture recognition, face detection, distraction, and tiredness. This is projected to boost the dashboard segment during the forecast period.

Based on component, the other segment, which includes infotainment system, camera, processor, and network, is expected to expand at a significant growth rate during the forecast period. Continuous development of camera and infotainment system and the advent of digital health applications and monitoring systems are anticipated to boost the other segment during the forecast period.

In terms of deployment, the cloud-based segment is projected to account for a major share of the automotive active health monitoring system market. Cloud-based active health monitoring system provides improved data security, as compared to on-premises active health monitoring system. Furthermore, improved storage capacity of the cloud-based system, which offers global range that assists in long distance driving, is a major factor that is likely to drive the segment during the forecast period.

In terms of vehicle, the passenger vehicle segment is expected to dominate automotive active health monitoring system market. Passenger vehicle is a highly lucrative segment and is projected to account for a higher share of the market owing to the higher rate of adoption and vehicle transition toward ride safety. The automotive active health monitoring system is still in testing and introduction phase, which is expected to witness significant adoption owing to safety and security concerns.

In terms of sales channel, the OEM segment is projected to account for a prominent share of the automotive active health monitoring system market. The OEM segment is expected to hold a notable share of the market, as the product is expected to be introduced in the near future. Rising demand for in-vehicle health monitoring system is also expected to augment the OEM segment of the automotive active health monitoring system market during the forecast period.

Global Automotive Active Health Monitoring System Market: Forecast by Application

In terms of application, the pulse segment is expected to lead the automotive active health monitoring system market. Increase in pulse of the driver is likely to lead to accidents. This can be avoided through the integration of the automotive active health monitoring system, which monitors the heart rate of the driver and can instantly raise an alarm if the driver’s pulse goes haywire. This, in turn, is projected to boost the pulse segment over the next couple of years.

Global Automotive Active Health Monitoring System Market: Forecast by Region

Based on region, the automotive active health monitoring system market has been bifurcated into five prominent regions. Europe is expected to lead the global automotive active health monitoring market. The region is expected to remain prominent market for automotive active health monitoring system owing to the presence of several key players from the region, who are focusing more driver assisted safety systems. Increasing R&D in order to ensure safety of the vehicle user is a key reason for the development of in-vehicle health monitoring systems such as automotive active health monitoring system. Germany is a prominent market for automotive active health monitoring system.

Global Automotive Active Health Monitoring System Market: Key Players

Faurecia, TATA Elxsi, Plessey Semiconductors, Acellent Technologies, Hoana Medical, Inc., LORD, Micro Strain Sensing Systems, and FLEX LTD are the key vendors included in this report.

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