Transparency Market Research published a report in 2018 that forecasts the global market for automotive active health monitoring systems will increase at a 67% compound annual growth rate from 2018 to 2026. According to the most recent report, the global automotive active health monitoring system market is projected to reach ~US$ 10 Bn by 2030, expanding at a CAGR of 32% during the forecast period.
The expansion of the market can be attributed to an increase in chronic illness across the globe, owing to unhealthy lifestyle, poor diet, and increase in stress level. The leading cause of death in the U.S. is chronic diseases. In 2012,117 million people had one or more chronic health conditions, and one in four adults had two or more chronic health conditions. Likewise, in Europe, chronic diseases is a major cause of road accidents-related mortality. According to the World Health Organization, in Europe, more than one-third of the population above the age of 15 has chronic disease. Major OEMs, such as Audi, BMW, Mercedes, Ford, Volkswagen, and Volvo, are taking initiatives in driver health monitoring by providing features, such as driver attention and drowsiness detection, by using driving inputs, cameras, and biomedical sensors. These factors are likely to propel the active health monitoring system market during the forecast period.
The report segments automotive health monitoring systems by region, location in the vehicle, applications, components, deployment, and sales channels. According to the report in 2018, driver seat systems will lead at first, but dashboard-based health monitoring systems will dominate the market by 2026. The first applications, often integrated with existing alertness sensors, will include sensors that monitor pulse, blood sugar level, and blood pressure,