Dublin, Jan. 30, 2024 (GLOBE NEWSWIRE) -- The "Global Automotive Active Health Monitoring System Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The world is on the brink of a new era in automotive safety and health monitoring as a remarkable surge in the global automotive active health monitoring system market is reported in the latest industry research publication. The market value is projected to climb from 2.76 billion in 2022 to an impressive 3.34 billion in 2023, marking a 21% CAGR despite global economic challenges.
Driving Factors Behind The Market Expansion
In light of the escalating number of road accidents worldwide, the demand for automotive active health monitoring systems has surged, emerging as a pivotal tool in enhancing road safety. These sophisticated systems alert drivers to a multitude of potential health risks including heart conditions and stress-related issues, thus proactively preventing accidents. Citing data from the National Highway Traffic Safety Administration (NHTSA), the rise in road fatalities underscores the urgency and need for such technologies in modern vehicles.
Emergence of Cutting-Edge Technologies
Technological Innovations Steering the Market
The market is witnessing a wave of technological advancements as leading companies innovate to stay at the forefront. Notably, Harman International's recent introduction of Ready Care technology is set to redefine safety standards by integrating various techniques aimed at reducing driver stress and distraction.
Geographical Market Dynamics
North America has taken the lead as the largest contributor to the market growth in 2022. Other significant regions analyzed in the report include Asia-Pacific, Western Europe, Eastern Europe, South America, the Middle East, and Africa.
Within the elaborate scope of this report, the main components scrutinized are sensors and other related systems with applications across different vehicle types including passenger and commercial vehicles. It encompasses a meticulous examination of various applications such as pulse, blood sugar level, blood pressure monitoring, and more, which define the sophisticated attributes of health monitoring systems in vehicles today.
Global Market Leaders
- Mercedes-Benz AG
- Ford Motor Company
- BMW AG
... and other major players are spotlighted, recognizing their pivotal role in shaping the automotive active health monitoring system landscape.
The market's momentum is further highlighted by strategic business moves like Harman International’s acquisition of CAARESYS, which reinforces the robust product offerings and innovation in the industry.
A selection of companies mentioned in this report includes
- Mercedes-Benz AG
- Ford Motor Company
- BMW AG
- Robert Bosch
- AUDI AG
- Ferrari
- Porsche
- Qualcomm Technologies Inc.
- Continental AG
- Volkswagen
- Faurecia
- Delphi Technologies
- Parker Hannifin Corp
- NXP Semiconductors;Analog Devices Inc.;Volvo Group
- Visteon
- Gentex Corporation
- Aston Martin
- OmniVision Technologies
- TATA ELXSI
- Oceanit Laboratories Inc.;Plessey
- Kritikal Solutions Pvt. Ltd.
- Jaguar
- ETA Transit Systems
- Acellent Technologies Inc.
- DotNetix.
For more information about this report visit https://www.researchandmarkets.com/r/sbtfis
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