According to a new market report published by Lucintel, the future of the global automotive active health monitoring system market looks promising with opportunities in the passenger car and commercial vehicle segments. The global automotive active health monitoring system market is expected to decline in 2020 due to the global economic recession led by the COVID-19 pandemic. However, the market will witness recovery in the year 2021, and it is expected to grow 30%-35% from 2021to 2026. The major drivers for this market are increasing need for health safety and prevention of any road accidents.
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In this market, sensors are used to monitor pulse rate, blood sugar level, and blood pressure. On the basis of comprehensive research, Lucintel forecasts that pulse monitoring will remain the largest segment, and it is also expected to witness the highest growth over the forecast period because it is the most effective way of monitoring the health condition of an individual.
Within the global automotive active health monitoring system market, the dashboard segment is expected to witness the highest growth over the forecast period due to the most favorable placement of active health monitoring systems and cost effectiveness.
Europe is expected to remain the largest market and witness the highest growth over the forecast period due to increasing demand for luxury vehicles with active health monitoring systems, increased customer spending power, well developed and technologically advanced infrastructure, extensive research, and development activities.
Emerging trends, which have a direct impact on the dynamics of the industry, include the incorporation of cost-effective and advanced technologies, such as sensors, microelectronics, artificial intelligence, and big data analytics. Faurecia, TATA Elxsi, Plessey Semiconductors, Acellent Technologies, Hoana Medical, Inc., LORD, Micro Strain Sensing Systems, and FLEX LTD. are among the major suppliers of the automotive active health monitoring system market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive active health monitoring system market by location, application, vehicle, component, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Automotive Active Health Monitoring System Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global automotive active health monitoring system market by location, application, vehicle, component, and region, as follows:
By Location [Value ($ Million) from 2015 to 2026]:
By Application [Value ($ Million) from 2015 to 2026]:
Pulse
Blood Sugar Level
Blood Pressure
Others
By Vehicle [Value ($ Million) from 2015 to 2026]:
Passenger Cars
Commercial Vehicles
By Component [Value ($ Million) from 2015 to 2026]:
By Region [Value ($ Million) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This XX-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
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