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The growth and development of the automotive pedestrian protection system market is significantly impacted by a range of many vital factors that influence its dynamics. A major motivator is the growing focus on safety regulations and standards in the automotive sector. Countries and governments along with the regulatory authority across the world are implementing very rigid safety standards that force automakers to install a state-of-the-art pedestrian protection systems inside their vehicles.
Such regulations are aimed at preventing the pedestrian deaths and injuries, which offers a tremendous need for innovative safety measures. Secondly, consumer consciousness and the increasing focus on pedestrian safety influence market development alot. With the growing cognizance of their consequences on pedestrian accidents, consumers turn increasingly actively looking for vehicles involving in effective pedestrian protection systems.
The rising trend led the automotive manufacturers to invest in R&D towards improvements on their vehicle safety aspects, leading thus sparking growth within this market of pedestrian protection systems. Development of sensor technologies coupled with the emergence of smart and connected vehicles is expected to steer the growth in pedestrian protection systems market.
Modern sensors, which include cameras, radar and also lidar are finding their way into the vehicles to prevent any possible accidents involving pedestrians. In addition, the advent of autonomous vehicles is fuelling Pedestrian Protection Systems on account of the dependence on advanced safety technologies for navigating difficult environments.
One of the other vital factors on the global market is the rising urbanization.
As a result of the increase in urbanization, pedestrian accidents have become very imminent. Understanding this trend, automotive builders focus on the design of pedestrian protection systems to deal with the specific challenges associated with crowded cities. Consequently, the market sees an increased demand for these systems especially in city oriented and small cars.
The increase in collaboration and also partnerships between auto manufacturers and technology providers also play a role in the market’s development. Joint ventures and strategic alliances enable firms to share their expertise and resources enabling the rapid improvement of pedestrian protection technologies.
These partnerships are not only good for innovation but also in dealing with the technical problems from integrating advanced safety systems into vehicles. The economic factors that majorly contribute to the dynamics of the market include automotive industry growth as a whole and also consumer purchasing power. With the worldwide economic rebound, consumers are now ready to spend more on the safety-enhancing features of their vehicles such as systems for pedestrian protection.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2023 | USD XX Billion |
| Growth Rate | 13.5% (2023-2032) |
Automotive Pedestrian Protection System Market Highlights:
 Automotive Pedestrian Protection System Market Synopsis
The Automotive Pedestrian Protection System Market is projected to grow from 6.4 USD Bn in 2021 to 22.2 USD Bn by 2032, exhibiting a compound annual growth rate (CAGR) 13.5% during the forecast period (2023 - 2032). The number of pedestrians losing live in road accident remains significant despite the increased realization of the magnitude of the problem. In terms of solutions that are currently available, the gap is yet to be bridged, which also indicates towards a massive untapped market. While many of the players operating in the automotive sector have increased their focus on developing effective pedestrian protection systems, others are likely to follow soon.Â
The current global market size of automotive pedestrian protection system is valued at over USD 900 Mn. The market is projected to exhibit a compound annual growth rate of 11.80% during the assessment period (2023-2032). New systems are being introduces by developers, which is enabling them to better compete in the market. At the same time, emphasis is being placed on redesigning automotive parts such as hood (bonnet), windshield, pillar, and bumper to make them more energy absorbing (softer) without compromising the structural integrity of the car.
Report Overview
This MRFR market perspective delivers a detailed commentary on the global market for automotive pedestrian protection system. It also sheds light on the current market trends as well as gives a viewpoint on the historical growth pattern of the market and its prospects over 2032. The scope of the research also covers the two major automotive pedestrian protection systems (active pedestrian protection system and passive pedestrian protection system). Market sizing also includes revenue analysis based on sensor, actuator, control unit, cameras and others. The different types of automotive PPS mentioned in the research document include automatic braking and collision avoidance, brake assist, external airbags and pop-up bonnets. Market assessment was also made on the basis of the different vehicle types (internal combustion engine (ICE) vehicles, electric vehicles and hybrid vehicles).
Report Coverage
Value, Market Share, Player Analysis, country level break down for each segment
Players Covered
Robert Bosch GmbH, Aptiv PLC, Continental AG, Autoliv Inc, DENSO, Magna International Inc, ZF, Mobileye, WABCO Holdings, Inc, Valeo, Nissan Motor Company Ltd, AB Volvo, Subaru Corporation.
The report offers insights on the leading market players and evaluates their current market share. Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives is also available in the report.
Research Methodology
Market Research Future (MRFR) leverages its in-house network of expert analysts who, with the help of robust algorithms and fail-safes methodologies derive reliable and insightful market forecast. The market facts presented in our reports are backed by primary and secondary research inputs, which include interviews with industry opinion holders, questionnaires, surveys, SEC filings, whitepaper references, and, annual reports published. Top-down and bottom-up approaches are employed to ensure the credibility of the market foresight. Our analysts evaluate every microeconomic and macroeconomic factor associated with the market for a reliable assessment of the changing trends. A multi-layer verification process validates the authenticity of our research findings. MRFR strives to reveal market opportunities and threats for enabling our clients to devise their next growth strategy.
Other Description
- Market Denomination- USD Million
- Base Year- 2021
- Forecast Period- From 2023 to 2032
For the scope of the research, MRFR’s report offers a comprehensive segmental analysis of the global market for automotive pedestrian protection system
Automotive Pedestrian Protection System Market Segment :Â
By Technology
- Active Pedestrian Protection System
- Passive Pedestrian Protection System
By Component Type
- Sensor
- Actuator
- Control Unit
- Cameras
- Others
By Type
- Automatic Braking and Collision Avoidance
- Brake Assist
- External Airbags
- Pop-up bonnets
By Vehicle Type
- Internal Combustion Engine (ICE) Vehicles
- Electric Vehicles
- Hybrid Vehicles
By Region
- North America
- Europe
- Asia Pacific
- Rest of the World
Intended Audience:
- End-Users
- Government
- Research
- Education
- Distribution vendors
- Technology Innovators
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