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Fatigue Sensing Wearables Market in Automotive to Grow by USD 389.9 Million (2024-2028) with New Product Launches, AI-Driven Market Transformation Report – Technavio

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NEW YORK, Oct. 31, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global fatigue sensing wearables market in automotive sector size is estimated to grow by USD 389.9 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  18.4%  during the forecast period. New launches by vendors is driving market growth, with a trend towards partnerships and collaborations. However, lack of acceptance of fatigue-sensing wearables  poses a challenge.Key market players include Continental AG, Fatigue Science Technologies International Ltd., Fujitsu Ltd., Inova Design Solutions Ltd, Optalert Australia Pty Ltd, Samsung Electronics Co. Ltd., and Wenco International Mining Systems Ltd..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Fatigue Sensing Wearables Market In Automotive Sector Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 18.4%

Market growth 2024-2028

USD 389.9 million

Market structure

Concentrated

YoY growth 2022-2023 (%)

17.6

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 37%

Key countries

US, Germany, Japan, China, UK, France, Canada, India, South Korea, and Russia

Key companies profiled

Continental AG, Fatigue Science Technologies International Ltd., Fujitsu Ltd., Inova Design Solutions Ltd, Optalert Australia Pty Ltd, Samsung Electronics Co. Ltd., and Wenco International Mining Systems Ltd.

Market Driver

Partnerships and collaborations are a significant trend in the global fatigue sensing wearables market in the automotive sector. These strategic alliances bring together diverse expertise and resources, fostering innovation and driving the development of more sophisticated and accurate fatigue-detection systems. Notable examples include the collaboration between the Air Force Research Laboratory and Case Western Reserve University, which aims to expedite the development of biosensors for stress and fatigue detection. Such collaborations are essential for integrating advanced technologies like artificial intelligence (AI) and machine learning into fatigue-sensing wearables, improving their accuracy and reliability. Academic institutions, research organizations, and industry players collaborate to translate scientific discoveries into practical applications, accelerating the commercialization of innovative fatigue-sensing solutions and making them more accessible to the automotive industry. These joint efforts also help secure funding and resources necessary for large-scale development and deployment of these technologies. Overall, partnerships and collaborations are key drivers of growth and innovation in the global fatigue sensing wearables market in the automotive sector, contributing to enhanced driver safety and reduced road accidents. 

The Fatigue Sensing Wearables market in the Automotive sector is gaining traction, particularly for professional drivers and industrial workers. These wearables, which include wristbands, headbands, and clip-ons, use sensors and algorithms to monitor physiological signals like eye movements, body posture, and cognitive functions. They detect drowsiness and alert drivers before accidents due to fatigue or drowsy driving. Battery life is crucial for continuous use. Connected devices and the Internet of Things play a significant role in these wearables, enabling real-time data transmission. Safety features are paramount, with privacy concerns and data security being addressed through machine learning and user-friendly interfaces. Customization and personalization are essential for wide adoption. Sensors like electroencephalography, electrocardiography, electromyography, and photoplethysmography are used to measure various physiological parameters. The market includes passenger cars, motorcycles, and driver assistance systems. Accidents caused by fatigue-related factors account for a considerable number of road accidents, making these wearables an essential safety intervention. 

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 Market Challenges

Fatigue sensing wearables, such as smartwatches, hold great potential in enhancing road safety by detecting driver alertness declines and issuing timely alerts. These devices utilize advanced algorithms to analyze physiological data, including heart rate variability. However, their integration into the automotive industry faces challenges. Effectiveness and reliability in diverse driving conditions and among various individuals are concerns. Privacy implications also pose a significant barrier due to continuous physiological data monitoring and potential misuse of sensitive information. Drivers may resist adoption due to privacy fears and the absence of clear data usage regulations. Additionally, these devices should not replace responsible driving practices, such as taking regular breaks. Over-reliance on technology without adhering to safety fundamentals can diminish their overall impact, making the acceptance of fatigue sensing wearables in the automotive industry a significant market growth challenge.Fatigue sensing wearables in the automotive sector are gaining significant attention due to the rising concern for road safety. These wearables come in various forms such as wristbands, headbands, clipons, and even earbuds or rings. They utilize non-intrusive systems like Electroencephalography (EEG), Electrocardiography (ECG), Electromyography (EMG), Photoplethysmography (PPG), and others to monitor physiological parameters such as heart rate variability, skin conductance, and body heat exposure. The automotive industry is integrating these fatigue-sensing wearables into passenger cars and motorcycles as part of advanced driver assistance systems (ADAS). These systems help detect driver fatigue, drowsy driving, cognitive functions, and motor skill coordination in real-time. Machine learning algorithms and artificial intelligence are used for data analytics to provide timely interventions and fatigue management systems. The integration of these wearables with vehicle systems and autonomous driving technologies aims to prevent automotive accidents caused by fatigue. Wearable technology modality includes headbands, wristbands, earbuds, and rings for fatigue detection. These wearables are not only beneficial for driver safety but also for worker and pilot fatigue monitoring.

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Segment Overview 

This fatigue sensing wearables market in automotive sector report extensively covers market segmentation by  

Type 1.1 Smart watches1.2 Smart bands1.3 Wearable glasses1.4 Wearable headbandsTechnology 2.1 Biometric sensors2.2 Optical sensors2.3 EEG sensors2.4 ECG sensorsGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Smart watches-  The automotive sector is witnessing a significant trend towards integrating fatigue sensing wearables. These devices monitor drivers’ vital signs and alert them when fatigue is detected, enhancing road safety. Market growth is driven by increasing vehicle production and rising consumer awareness about road safety. Key players include Bosch, Honeywell, and Mitsubishi Electric. Collaborations and partnerships are common strategies to expand market presence.

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Research Analysis

The automotive market for fatigue-sensing wearables is gaining significant traction as the industry focuses on enhancing driver safety and integrating autonomous driving technologies. Wearables, including wristbands, headbands, and clip-ons, leverage various sensing capabilities such as Electroencephalography (EEG), Electrocardiography (ECG), Electromyography (EMG), Photoplethysmography (PPG), and others, to monitor driver fatigue. These devices use data analytics, machine learning algorithms, artificial intelligence, and vehicle systems integration to analyze physiological measurements and provide real-time alerts. Passenger cars and motorcycles are the primary focus areas for these wearables. However, privacy concerns and data security are crucial challenges that need to be addressed. Brainwave-based measurement and user-friendly interfaces with customization options are key features that can differentiate these products in the market.

Market Research Overview

Fatigue-sensing wearables in the automotive sector are revolutionizing driver safety by continuously monitoring cognitive functions and motor skill coordination. These nonintrusive systems, available as Wristbands, Headbands, Clipons, and even Earbuds, use various modalities such as Electroencephalography (EEG), Electrocardiography (ECG), Electromyography (EMG), Photoplethysmography (PPG), and more. These technologies can detect drowsiness and distraction, providing real-time interventions for passenger cars and motorcycles. These wearable devices offer advanced sensing capabilities, including heart rate variability, skin conductance, body heat exposure, and eye movements. They integrate with vehicle systems through Driver Assistance Systems (ADAS) and Autonomous driving technologies, enhancing road safety. Data analytics, artificial intelligence, and machine learning algorithms process the collected physiological parameters to accurately detect fatigue and alert drivers in a user-friendly manner. The wearables can also monitor worker and pilot fatigue, benefiting professional drivers and industrial workers. Battery life, connected devices, and privacy concerns are essential considerations for these fatigue management systems. Customization and personalization are crucial features, ensuring user comfort and acceptance. Fatigue-sensing wearables contribute to reducing fatigue-related accidents, improving cognitive function, mental workload, and overall safety. They are an essential component of the Internet of Things (IoT) and connected vehicles, paving the way for a safer and more efficient future.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeSmart WatchesSmart BandsWearable GlassesWearable HeadbandsTechnologyBiometric SensorsOptical SensorsEEG SensorsECG SensorsGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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DXC Technology Names Brad Novak as Chief Information Officer

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Veteran Technology Executive Joins DXC’s Leadership Team

ASHBURN, Va., Jan. 2, 2025 /PRNewswire/ — DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, today announced the appointment of Brad Novak as Chief Information Officer. Novak joins DXC’s leadership team, with a strong focus on leveraging AI throughout DXC operations. He will report to DXC’s Chief Administrative Officer, James Walker.

In this role, Novak will strategically embed AI across the infrastructure. He will also lead the team to integrate, standardize and consolidate various platforms, tools, and processes to enhance workforce productivity and operational efficiency. 

Novak is a senior technologist and brings over 30 years of experience in financial services, spanning application development, infrastructure and service management. He has worked at several global financial services firms, most recently Barclays, where he was the CTO for the Corporate and Investment Bank, leading technology architecture and strategy. Novak has also worked in Private Equity and Venture Capital, assessing investment opportunities and advising portfolio companies on their technology strategies.   

For more information DXC’s leadership team, visit here.

Forward Looking Statements

All statements in this press release that do not directly and exclusively relate to historical facts constitute “forward-looking statements.” These statements represent current expectations and beliefs, and no assurance can be given that any result, goal or plan set forth in any forward-looking statement can or will be achieved. Such statements are subject to numerous assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those described in such statements, many of which are outside of our control. For a written description of these factors, see the section titled “Risk Factors” in DXC’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024, and any updating information in subsequent SEC filings. Readers are cautioned not to place undue reliance on such statements which speak only as of the date they are made. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date of this document or to reflect the occurrence of unanticipated events, except as required by law.

About DXC Technology

DXC Technology (NYSE: DXC) helps global companies run their mission-critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. The world’s largest companies and public sector organizations trust DXC to deploy services to drive new levels of performance, competitiveness, and customer experience across their IT estates. Learn more about how we deliver excellence for our customers and colleagues at DXC.com.

CONTACT: Mihir Bellamkonda, Media Relations, mihir.bellamkonda@dxc.com; Roger Sachs, Investor Relations, roger.sachs@dxc.com

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Class Action Filed Against Joint Stock Company Kaspi.kz (KSPI) – February 18, 2025 Deadline to Join – Contact The Gross Law Firm

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NEW YORK, Jan. 2, 2025 /PRNewswire/ — The Gross Law Firm issues the following notice to shareholders of Joint Stock Company Kaspi.kz (NASDAQ: KSPI).

Shareholders who purchased shares of KSPI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.

CONTACT US HERE:

https://securitiesclasslaw.com/securities/joint-stock-company-kaspi-kz-loss-submission-form/?id=119693&from=4 

CLASS PERIOD: January 19, 2024 to September 19, 2024

ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Joint Stock Company Kaspi.kz continued doing business with Russian entities, and also providing services to Russian citizens, after Russia’s 2022 invasion of Ukraine, thereby exposing the Company to the undisclosed risk of sanctions; (2) the Company engaged in undisclosed related party transactions; (3) certain of the Company’s executives have links to reputed criminals; and (4) as a result, defendants’ statements about Joint Stock Company Kaspi.kz’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

DEADLINE: February 18, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/joint-stock-company-kaspi-kz-loss-submission-form/?id=119693&from=4 

NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of KSPI during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is February 18, 2025. There is no cost or obligation to you to participate in this case.

WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company’s stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com 
Phone: (646) 453-8903

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SOURCE Gross Law Firm

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Canadian defined benefit pension plans show slightly decreased funded levels in Q4: Aon

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TORONTO, Jan. 2, 2025 /CNW/ — Aon plc (NYSE: AON), a leading global professional services firm, announced today that the aggregate funded ratio for Canadian pension plans in the S&P/TSX Composite Index decreased to 105.5 percent compared to 105.8 percent at the end of the third quarter, according to the Aon Pension Risk Tracker. A year ago, it was at 100.7 percent.

The Aon Pension Risk Tracker calculates the aggregate funded position on an accounting basis for companies in the S&P/TSX Composite Index with defined benefit plans. To access Aon’s interactive tracker, which dates to 2013, click here.

Key findings for the quarter ending December 31, 2024 include:

Pension assets gained 2.3 percent over the fourth quarter of 2024.The long-term Government of Canada bond yield increased 20 basis points (bps) relative to the previous quarter rate, and credit spreads narrowed by 29 bps. This combination resulted a decrease in the discount rate, from 4.42 percent to 4.33 percent.

“Most pension plans performed well in 2024, with a meaningful uptick in funded ratios,” said Nathan LaPierre, partner, Wealth Solutions, Aon. “Uncertainty is the name of the game for 2025. Many plan sponsors likely still have room to derisk and should consider doing so in light of healthy funded positions and that uncertainty.”

About Aon

Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues in over 120 countries provide our clients with the clarity and confidence to make better risk and people decisions that protect and grow their businesses.

Follow Aon on LinkedInXFacebook and Instagram. Stay up-to-date by visiting Aon’s newsroom and sign up for news alerts here.

Media Contact
Alexandre Daudelin
+1 514 967-9330

 

SOURCE Aon plc

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