Automotive Active Health Monitoring System Market, by Vehicle Type (Passenger Vehicle, Hatchback, Sedan, SUV, Commercial Vehicle), Location (Car Seat, Dashboard), Application (Pulse Segment, Blood Sugar Level, Blood Pressure, Others), Component (Sensors and Others), Deployment (Cloud-based, On Premise), Regional Analysis (North America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2020–2027

Automotive Active Health Monitoring System Market Analysis:

Automotive active health monitoring systems are the latest technological advancement in the automotive sector which helps in monitoring the vital stats of a driver. A driver is prone to drowsiness, distractions, and fatigue which could lead to fatal accidents. An automotive active health monitoring system has biometric feedback sensors with electrodes which are usually placed nearby driver’s seat, in the seatbelt, or on the steering wheel and they help to continuously monitor the driver’s health condition. It is capable of monitoring, analyzing, and recording any kind of health issue and ensures the safety and wellness of the driver. These safety enhancements in the automotive sector have become of vital importance to ensure the safety of drivers and passengers as well, with a view to preventing any kind of fatal accidents. 

Growing chronic diseases, rising road accidents and increasing government norms for safety are the major factors fuelling the market growth

Growing chronic diseases across the globe created a need to monitor and collect data of the patient across all time. Increasing diseases such as diabetes and risks related to obesity have facilitated the expansion of the market majorly. A report from the World Health Organization (WHO) released in May 2020 claims that around 422 million people globally are having diabetes and another report from WHO says that obesity has almost tripled since the year 1975. All these factors have made it extremely necessary to incorporate active health monitoring systems in automobiles. Another report from WHO, from February 2020 states that approximately 1.35 million people die every year in road accidents of which major factors were speeding, distractions, health issues, unsafe road infrastructure, and unsafe vehicles. These facts clearly speak for themselves how necessary the healthcare system has become for the automotive industry. Governments across the globe are working to improve the norms related to driver and passenger safety in vehicles. All these factors are collectively increasing the importance of active health monitoring systems in the automotive sector and helping the market to grow.

Poor infrastructural facilities, rising vehicle prices, and data privacy concerns are negatively impacting the market growth

Most of the countries are still developing or are underdeveloped and they don’t have modern infrastructural facilities to support such technological advancements in the automotive sector. Further, installing active health monitoring systems increases the cost of the vehicle, which directly increase the final selling price. Also, recent developments in the active health monitoring systems have raised questions on the reliability of systems for data protection and privacy concerns. These factors may hamper the growth of the global market.

Technological advancements, infrastructural developments, and growing awareness to create a lucrative market opportunity

Technological advancements and upgradations will be playing a key role in market expansion. Incorporation of cost-effective and reliable technologies such as sensors, microelectronics, artificial intelligence, and big data analytics will create huge market opportunities. Though the active health monitoring systems in the automotive industry are at the initial stage, these technological developments will help the market to grow. Further, the development of infrastructural facilities in developing and poor regions globally has provided the automotive sector with technological support they require to add active health monitoring systems at low costs. Also, the growing demand for wearable health monitoring systems has increased awareness amongst the general public about its benefits. The increased awareness about benefits and how these monitoring systems can perform various functions will boost the market growth in the near future.

Automotive Active Health Monitoring System Market, by  Vehicle Type:

Passenger vehicle segment will be the most lucrative till the end of 2027

The passenger vehicle segment will have a dominating share in the global market and they are expected to register a significant revenue during the forecast timeframe. The majority of the OEMs are particularly focusing only on passenger vehicles at the present time. In addition, the demand for active health monitoring systems for commercial vehicles is extremely low as compared to that of passenger vehicles. Furthermore, the majority of leading automotive manufacturers are incorporating active health monitoring systems that are usually manufacturers of only passenger vehicles. For instance, Audi, Volvo, BMW, Mercedes, Volkswagen, Ford are the leading automotive companies who have incorporated the active health monitoring systems, and all of them majorly manufacture passenger vehicles. These factors may lead to drive the growth of this segment, over the forecast period.

Automotive Active Health Monitoring System Market, by  Location:

Dashboard segment is expected to grow at a fast pace

The dashboard segment is expected to grow at an exponential rate during the forecast period. Dashboard is considered as the most favorable placement of active health monitoring systems as they are capable of gesture recognition, face detection, reading active drowsiness, distractions, and tiredness. Dashboard placement is highly cost-effective as compared to other options and reduce the overall costs. All these factors are driving the growth of the dashboard segment in the active health monitoring systems.

Automotive Active Health Monitoring System Market, by  Application:

Pulse segment will grow at a significant rate, during the forecast period

The pulse segment is anticipated to grow at a significant rate during the forecast period, in the global marketplace. The pulse segment considered the most effective way of monitoring the health condition of an individual. Pulse device is continuous and directly tells the heart functioning of a person. Any fluctuation in the pulse can be easily and quickly monitored and it could lead to distractions or uneasiness which could cause road accidents while driving. This could be easily prevented by incorporating active health monitoring systems in vehicles which when detecting any irregularity in pulse raises alarms. This continuous monitoring factor is expected to fuel the growth of the pulse segment in the active health monitoring systems.

Automotive Active Health Monitoring System Market, by  Component:

Others segment will have the largest market share 

The other segment is expected to grow at an exponential rate during the forecast period. The other segment usually includes a camera, processor, network, and infotainment system. Technological advancements have made these all available at extremely cost-effective prices. Further, growing demand by consumers for such features is mainly driving the market growth. Also, the development of monitoring systems and digital health applications will be the major reasons to fuel the other segment’s growth in the near future.

Automotive Active Health Monitoring System Market, by  Deployment:

The Cloud-based deployment will rise exponentially 

The cloud-based deployment segment will be the most lucrative in the automotive active health monitoring system during the forecast timeframe. The cloud-based deployment will have the largest market share
owing to factors like improved data security, better storage capacity with worldwide assistance, cost-effective, regular addition of new upgraded features, and no hassle of maintenance at all. Further, the growing awareness amongst the availability of such cloud-based health systems has also positively impacted the market growth. 

Automotive Active Health Monitoring System Market, by  Region:

Europe region will be the most lucrative 

Europe is expected to be the most lucrative region and hold the largest market share as well during the forecast period. Growing demand for luxury vehicles with active health monitoring systems, increased customer spending power, well developed and technologically advanced infrastructure, extensive research, and development activities are the major factors driving the market growth. Moreover, increased awareness about road safety and growing government norms for in-vehicle safety equipment particularly in the UK, France, and Italy to fuel the market growth in the region.

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Key Participants in the Global Automotive Active Health Monitoring System Market:

Merger & acquisition and advanced product development are the frequent strategies followed by the market players

Some of the significant automotive active health monitoring system market players include Faurecia, TATA ELXSI, Plessey, Acellent Technologies, Inc., Hoana Medical, Parker Hannifin Corp, FLEX LTD., KritiKal
Solutions Inc., Questex, Qualcomm Technologies Inc.

Automotive active health monitoring system market players are emphasizing more on product development, merger & acquisition, and technological advancements. These are the strategies followed by emerging as well as established ventures. To emphasize more on the competitor analysis of market players, the porter’s five force model is explained in the report.

Source: Research Dive Analysis