The automotive pedestrian protection system market has undergone considerable growth and changing trends in the past decade or so, with a common factor being the increasing focus on passengers as well as coupled vehicle occupants by manufacturers worldwide. However, with the rise of urbanization and congested road traffic, there is an urgent need for pedestrian protection systems owing to the growing demand.
A key trend in the market is the advanced sensor technology integration. That is why automakers are integrating radar, lidar and camera-based systems that allow the detecting presence of pedestrians and predict possible collisions. These sensors result in real-time data analysis, which facilitates the timely reaction and application of safety measures by the vehicle.
This movement corresponds to a wider tendency in the industry towards developing autonomous and semi-autonomous cars, where pedestrian protection is an important part of the overall safety concept. In addition, the regulatory initiatives and safety standards determine the market trends. Governments and automotive safety agencies across the globe are enacting many strict regulations in an attempt to curb the pedestrian deaths, injuries etc.
Adherence to the above-mentioned standards is a primary motivation for innovativeness in pedestrian protection systems. With automakers striving to meet and exceed these specifications, a focus has shifted on the research and development that is aimed at developing advanced technologies capable of ensuring pedestrian safety.
However, the market is also seeing an increase in the active safety adoption. These capabilities are beyond the regular passive safety systems and also actively interfere to avert or attenuate mishaps.
For instance, AEB systems are becoming very widespread because they autonomously brake in the case of an impending collision with a pedestrian. Such active safety technologies not only increase the pedestrian protection level but also contribute to overall vehicle's safety ratings. Market trends are also very affected by the emergence of electric vehicles.
The advent of the electric mobility has forced automakers to reinvent how they design and equip vehicles. Since there are no traditional internal combustion engines, the consideration is very different in a lot of structural aspects. Therefore, pedestrian safety systems are being modified and fine-tuned to the electric vehicle structures so that the standards on security remain high in a changing automotive world.
To that end, besides technological developments the market is driven by the consumer awareness and preferences. As a result, safety features have emerged as crucial factors in the consumers' purchasing choices due to the current customer demand for automobiles integrated with full pedestrian protection systems.
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.
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).
Value, Market Share, Player Analysis, country level break down for each segment
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.
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.
For the scope of the research, MRFR’s report offers a comprehensive segmental analysis of the global market for automotive pedestrian protection system
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)