ID: MRFR/AM/5791-HCR | February 2021 | Region: Global | 125 pages
Automotive Active Health Monitoring Systems are the latest advancement brought into the automotive sector to monitor the health status of the driver. The systems are most prominently used in passenger vehicles than commercial vehicles. The Automotive Active Health Monitoring System was usually placed on the driver's seat or dashboard on the steering wheel for efficient monitoring of the driver's health condition. Drivers are prone to drowsiness, distractions, fatigue, experience change in their pulse rate which might directly affect their driving and might lead to fatal accidents. Continuous monitoring will help the drivers be aware of their health conditions and prevent road accidents.
A WHO report about road accidents lists out the major reasons for the road accidents which are speeding, distractions, health issues, unsafe vehicles, and infrastructure. The majority of these reasons can be avoided by continuous monitoring of the health stats of the driver. This aspect mentioned in the report facilitates market expansion in the forecast period.
COVID 19 Analysis:
The emergence of the Coronavirus has greatly affected automotive production across the globe. When there is a decline in the production of the automobile industry, the demand for the automotive active health monitoring systems is also likely to slip down in the forecast period.
Due to COVID-19 and lockdown in major countries, the OEM plants were also shut down for several months in the past year, this has created a ripple effect on the rest of the automotive industry. The sub-suppliers and suppliers are highly affected.
It is also estimated that there will be slow pacing up of technological advancements and improvements in the safety and security features incorporated in the vehicles. These novel advancements are expected to benefit the Automotive Active Health Monitoring System Market outlook.
Key market drivers:
There has been an increased awareness of health measures and road safety in recent years. Owing to the number of road accidents that occur every year because of the poor health management of the drivers has created an awareness among the people to have handy health monitoring systems.
Growing chronic diseases like heart attack, diabetes, obesity have emphasized the importance of installing health monitoring systems in the vehicles to keep the driver aware of their health stats.
Governments of many countries have started to encourage manufacturers to improve vehicle safety features. This has greatly impacted the growth of the Automotive Active Health Monitoring System market value.
A recent report from WHO released in the year 2020 claims that around 422 million people globally are having diabetes and the number of obese people has tripled since the year 1975. The health reports from developing countries have alarmed the automotive industries and the consumers regarding the importance of monitoring the health stats throughout the day. This has also increased the demand for the Automotive Active Health Monitoring System in automobiles.
Technological development and novel inventions in recent years will be playing a key role in the market expansion. Although there is a requirement of recent technological implementations, these technologies like sensors, microelectronics, Artificial intelligence, 5G technology have become cost-effective to create a huge market opportunity.
The pulse segment is expected to grow higher and impact the Automotive Active Health Monitoring System market value in the upcoming years. The pulse monitoring device will continue to monitor the pulse rate continuously and directly informs the stats of the driver. Any fluctuations in the pulse can be identified immediately and are reported to the person. This enables the driver to take the right decision before any distraction or uneasiness during the drive. Hence the pulse segment is considered the most effective mechanism in the Automotive Active Health Monitoring System.
Key market restraints:
The implementation of the Automotive Active Health Monitoring System in the vehicles increases the costs, hence they are not implemented in lower range vehicles despite its benefits. Growing economic countries don't find it easier to implement them in passenger vehicles due to costs.
The lack of modern infrastructures and facilities to improve the infrastructure to support the technological advancements has hampered the growth of the Automotive Active Health Monitoring System market in developing countries.
The Automotive Active Health Monitoring Systems have raised questions among the consumers about the reliability of the systems regarding the privacy issues and data processing and protecting capabilities.
The demand for the Automotive Active Health Monitoring Systems are significantly lower for commercial vehicles and are considerably higher for passenger vehicles. The majority of the market players are incorporating the mechanism only in passenger vehicles. However, the leading players show a higher interest in incorporating these mechanisms not every manufacturer in the automotive industry is stepping forward due to the costs incurred and other issues.
The regulatory concern over data privacy and infrastructure challenges are considered as major challenges in growing the Automotive Active Health Monitoring Systems market value.
Cumulative growth analysis:
The Automotive Active Health Monitoring Systems Market value is expected to reach 37.65% of growth rate in the forecast period. The Automotive Active Health Monitoring Systems market is expected to grow up to 7798.70 million by the end of the year 2025 at a CAGR of 16.19%. The market value in the year 2019 was recorded as USD 7798.70 million, the rapid growth of the market assures it to maintain its pace in the forecast period. The dashboard segment has shown significant growth in the last few years since the advent of the Automotive Active Health Monitoring Systems. Since the drivers consider the dashboard a favorable and convenient space to place the Automotive Active Health Monitoring Systems, many manufacturers tend to place the monitoring systems in the dashboard.
The dashboard segment provides the consumer to have monitoring facilities like face detection, gesture recognition, reading drowsiness, and distractions. However, the placement of the Automotive Active Health Monitoring Systems in the dashboard is highly cost-effective comparatively. Hence the Automotive Active Health Monitoring systems Market value is expected to reach remarkable volume by the year 2028.
Value chain analysis:
Governments in the countries like UK, France, Italy have imposed serious laws and norms to emphasize the benefits of Automotive Active Health Monitoring Systems. A recent study reports that only 40 countries have adopted all the seven regulations that are required for the safety of car drivers. This has caused about 12,000 deaths between the years 1992 and 2000 due to roadway accidents in the US alone. These reports have significantly propelled the government and other non-governmental organizations to regulate the driving safety measures and increased the usage of the Automotive Active Health Monitoring Systems in their vehicles.
Along with seat belts, airbags, laminated windshields, and similar crashworthy systems are installed in the vehicles to ensure the safety of the drivers. However, to monitor the health stats, the Automotive Active Health Monitoring Systems with electronic sensors are utilized to provide optimal safety to the drivers.
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European countries are considered to be the most lucrative regions and hold the largest market among other countries. They propose the Automotive Active Health Monitoring Systems in the luxury vehicles and thereby increased the demand for the Automotive Active Health Monitoring Systems by taking advantage of the spending power of the consumers in their nation.
Focusing on development, extensive research, and advancing the infrastructure with novel techniques are the major endeavor from their perspective. Asia pacific also exhibits a significant change in the growth of Automotive Active Health Monitoring systems industries.
Due to the rise in awareness regarding road and driving safety and the government's stringent laws regarding road safety measures, automotive industries have been convinced to incorporate the Automotive Active Health Monitoring Systems in passenger vehicles. Instead of checking the smartphones, the dashboard next to the steering displays the live stats, this convenient aspect has invited several new players to the existing market.
Key Players are:
Leading companies have come up with optimal solutions regarding health monitoring systems, named auto technology. The novel auto technology enables the driver to monitor their health stats with the help of conducive sensors featured on the car's steering wheel, seat belts, steering columns, and seats. The technology utilizes infra-red sensors that could monitor the driver's facial temperature also. This report shall be transferred to the medical practitioners or health care providers for further health investigation.
Glucose monitor data displayed on the dashboard is one of the recent technological advancements in the automotive industry. The capability of connecting the health apps and wearables to the car's central display systems enables the driver to monitor the glucose range, pulse rate, and heartbeat rates directly and continuously.
This report has covered:
The Automotive Active Health Monitoring systems market can be segmented based on the location where the Health Monitoring systems are placed in the vehicle, components utilized to monitor the health stats, various application and deployment types.
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|Market Size||2027: USD 7 Billion|
|CAGR||20% CAGR (2020 to 2027)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Component, Application, Vehicle Type and sales channel|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||TATA Elxsi (India), Acellent Technologies (U.S.), Qualcomm Technologies, Inc, (U.S.), Questex LLC (U.S.), Hoana Medical (U.S.), Kritikal Solutions Pvt. Ltd (India), LORD MicroStrain Sensing Systems (U.S.), Faurecia (France) and Plessey Semiconductors (UK)|
|Key Market Opportunities||Increased awareness regarding road safety, developed economies, and infrastructure|
|Key Market Drivers||High spending power of consumers enables To invest in feature-rich vehicles, particularly luxury cars|
Frequently Asked Questions (FAQ) :
Sensors and cameras are the conservative techniques to monitor the temperature of the driver or the distraction of the drivers.
The dashboard is considered as the most desirable space to place the automotive active health monitoring systems, however, they are placed in the car steering wheel and seatbelt.
Novel technologies are utilized to carry out the sensing and monitoring features. As these technologies are cost-effective and reliable in providing accurate information, they have boosted the market growth significantly.
Growing common disorders like Blood pressure fluctuations, diabetes, heart attack, obesity, and similar health-related issues have been increased in recent years. Growing awareness regarding health management and driving safety also acts as a key driver for market growth.