Global Automotive Active Health Monitoring System Market has witnessed a rapid growth; expected to rise at a CAGR of 20%. The report summarizes market review of the key segments in the market such as by Component, by Application, by Vehicle Type, sales channel and Regional Forecast 2023
The prominent players in the global Automotive Active Health Monitoring System Market include 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).
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Automotive active health monitoring refers to monitoring of vital signs of drivers including tiredness, drowsiness, and distraction, to name a few. Automotive active health monitoring includes health technologies that contribute to the safety enhancements, inside a car. Drivers with chronic illnesses are expected to benefit tremendously by this new technology. Growing instances of common disorders such as obesity and diabetes are expected to further increase the importance of this technology in the coming years. Major automobile OEMs including Volkswagen, Mercedes, Volvo and Ford are at the forefront in applying this technology in their vehicles.
Factors such as growing number of accidents, road rage and high speed of vehicles due to improved roads are expected to drive the market for active health monitoring in vehicles. Government encouragement to improve vehicle safety features has also played a key role in increasing the market for automotive active health monitoring systems globally. However, lack of awareness and rising cost of vehicles due to such features could potentially hamper market growth, particularly in price-sensitive countries such as India.
Automotive Active Health Monitoring System Market Segmentation:
The Global Automotive Active Health Monitoring market is segmented on the basis of component, application, vehicle type, sales channel and region.
On the basis of component, the market has been segmented into sensors and infotainment systems.
On the basis of application, the market has been segmented into pulse rate, blood sugar level, blood pressure, others.
On the basis of vehicle type, the market has been segmented into passenger vehicle and commercial vehicle.
On the basis of sales channel, the market has been segmented into OEM and after-market.
Geographically, the global Automotive Active Health Monitoring Market has been segmented into the four major regions of North America, Europe, Asia-Pacific, and the Rest of the World. Europe is estimated to hold the highest revenue market share throughout the forecast period owing to increased awareness regarding road safety, developed economies, and infrastructure availability for such systems. Moreover, high spending power of consumers enables them to invest in feature-rich vehicles, particularly luxury cars, which is a major driving factor in this region.
Table of Contents
2.Scope of The Report
2.1. Market Definition
2.2. Scope of The Study
2.2.2. Research Objective
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Model
3.1. Porter’s Five Forces Analysis
3.1.1. Threat of New Entrants
3.1.2. Bargaining Power of Buyers
3.1.3. Threat of Substitutes
3.1.4. Segment Rivalry
3.1.5. Bargaining Power of Buyers
3.2. Value Chain/Supply Chain Analysis
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