Global Active Health Monitoring in Automobile Market is valued approximately USD xx billion in 2020 and is anticipated to grow with a healthy growth rate of more than xx % over the forecast period 2021-2027. Active health monitoring systems in automobile are used to keep in check the drivers’ health while driving to prevent accidents which are caused due to drowsiness, distractions, and fatigue. The global Active Health Monitoring in Automobile market is driven by expanding automobile industry through increasing sales of electric vehicles. For instance, according to the International Energy Agency (IEA), there has been significant increase witnessed in the global share of electric vehicles sales from 1.5% in 2017 to 4.6% in 2020. The market growth is also to be driven by the rising road accidents which cause fatality which may be prevented by active health monitoring of drivers. For instance, according to World Health Organization data of 2018, approximately 1.35 million people die every year due to road accidents. Also, road traffic injuries are the leading cause of death for children and young adults aged 5-29 years. However, lack of awareness regarding the availability of products and high cost of research & development activities hampers the growth of the market over the forecast period of 2021-2027. Furthermore, increasing favorable government initiatives to prevent road accidents through awareness programs, technological advancements, increasing pre-exiting medical conditions of the drivers and new vehicle launches are expected to create opportunities for Active Health Monitoring in Automobile market growth over the forecast period.
The geographical analysis of the global Active Health Monitoring in Automobile market is studied for major regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia-Pacific is the dominating region across the world in terms of market share and is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027 due to favorable government initiatives, increasing vehicles production & sales through entry of multinational automotive companies and adoption of advanced technologies in the region.
Major market player included in this report are:
Merck & Co., Inc.
Sun Pharmaceutical Industries Ltd.
F. Hoffmann-La Roche Ltd.
Dabur International Limited
Sandoz International GmbH
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Vehicle Type offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Vehicle Type:
By Deployment Type:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027
Target Audience of the Global Active Health Monitoring In Automobile Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers