USD 7.32 billion
Report ID:
SQMIG45J2204 |
Region:
Global |
Published Date: October, 2024
Pages:
197
|Tables:
113
|Figures:
72
Global Automotive Pedestrian Protection System Market size was valued at USD 7.88 billion in 2022 and is poised to grow from USD 8.60 billion in 2023 to USD 17.26 billion by 2031, growing at a CAGR of 9.1% in the forecast period (2024-2031).
The global market for automotive pedestrian protection systems is growing rapidly. This growth comes from a mix of reasons saying the industry wants to make safety better and stronger. As rules for safe driving get stricter all over the world, there is a big increase in demand for new safety tools and technologies to protect people on foot. The market's complicated situation is divided into four segments: technology, component type, vehicle type and distribution channel. Car safety features like automatic braking in emergencies and stopping before crashes are getting more popular. They also use things such as airbags outside the car, which help keep people safe inside when a crash happens. Sensors, actuators and control units are the main parts that make these safety features work. Cars and vans are using these systems to help prevent accidents involving people walking. There's a clear change happening in the city-focused commercial vehicles for better integration of this technology. Distribution channels, OEMs and Aftermarket help shape the market's direction in different ways.
In different regions, North America, Europe, Asia-Pacific and more show how they work because of their rules and the technology is important to them. Major key players like Bosch, Continental AG and ZF Friedrichshafen AG along with Autoliv are working hard on new ideas and plans to stay ahead in their jobs. Each region reveals unique market dynamics influenced by new technology integrations, regulatory frameworks, and consumer preferences.
Global Market Size
USD 7.32 billion
Largest Segment
Sensors
Fastest Growth
Control Units
Growth Rate
11.4% CAGR
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Global Automotive Pedestrian Protection System Market is segmented on the technology, component type, type, vehicle type, and region. By technology, market is segmented into active pedestrian protection system, and passive pedestrian protection system. By component type, market is segmented into Sensor, Actuator, Control Unit, Cameras, and Others. By type, market is segmented into Automatic Braking and Collision Avoidance, Brake Assist, External Airbags, and Pop-up bonnets. By Vehicle type, market is segmented into Internal Combustion Engine (ICE) Vehicles, Electric Vehicles, and Hybrid Vehicles. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Technology
The largest market segment of the automotive pedestrian safety system market is called the active pedestrian protection system. The growing need for better safety features and the increased use of technologies like automatic emergency braking, pedestrian detection and collision avoidance in cars are making this area very big. As people focus on staying safe, companies that make things are putting in more safety stuff when they're making the product. This is helping active pedestrian protection systems to grow and be a bigger part of businesses.
The segment of the technology sector that is growing the fastest is called passive pedestrian protection system. This increase happens because more importance is being put on making injuries less serious if a car and someone walking bump into each other. Things like airbags that come from outside, hoods that pop up easily and structures made to take some energy are getting popular. This is because they do a good job in lessening the damage caused by crashes. The big increase in people knowing about safety for walkers and the use of systems to keep them safe inside many kinds of cars helps this area grow very fast. Overall, this market segment for the automotive pedestrian protection systems seems to grow in coming years.
Analysis By Component
Market based on component sensors are considered as the largest market segment. The main role of devices like radar, lidar and camera-based sensors is to find people walking. They start safety measures when they spot someone in the street. That makes this part very important from a security point of view. The more and more use of sensors in both passenger cars and commercial trucks is making the sensors segment grow. It's very important for all car safety systems that protect walkers from harm.
The fastest growing segment by component is control units. As cars get better with technologies, the role of these control units in taking data from sensors and starting up safety setups for walkers becomes more essential. The rise of self-driving and partly autonomous cars increases the need for complex control systems. This segment is growing rapidly because technology keeps changing and control units play a big role in making pedestrian safety systems work better.
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The Asia-Pacific is the biggest market region in the globe for automotive pedestrian protection systems. The area's big lead is driven by a few things. These include the large increase in auto making, new cities growing fast and more attention on rules for safe roads in places like China and India. More money to spend and a growing middle class create more demand for cars with fancy safety features. Makers of equipment for cars in Asia-Pacific are leading the way by putting systems to protect people on foot inside all kinds of vehicles. This dominance helps to make this region a largest region in the market.
In the automotive pedestrian protection system market, North America has emerged as the fastest growing region. The region’s growth comes from a mix of strong safety rules, more aware customers, and big companies in the market. People are buying cars that have safety features, like a special system to stop them hitting people. This is getting more common as the main thing they look for when choosing their car is how safe it will be. Furthermore, regular changes and integrations of new technologies in and teamwork between automotive makers and tech companies help the fast growth of this market in North America. The area's promise to improve road security and use new ideas makes it an exciting place for making systems that protect pedestrians from vehicles.
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Drivers
Safety Regulations:
Rising Consumer Awareness:
Restraints
High Costs:
Economic Uncertainties and Industry Fluctuations:
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The global automotive pedestrian protection system market is characterized by intense rivalry among key players striving to capture a significant market share. Leading providers are consistently engaged in innovation, strategic partnerships, and product advancements to maintain their competitive edge. These industry giants leverage their extensive portfolios to offer a range of products. As the market witnessing rapid innovations, smaller players and startups also contribute by introducing niche solutions and innovative technologies, contributing to the dynamic and ever-evolving competitive dynamics within the market.
Top Player’s Company Profile
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types of teams that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global automotive pedestrian protection system market analyses, the global pedestrian protection system for cars is experiencing robust growth in coming years. This change has new technology, rule changes and what people want happening all at once. The market has segments that change quickly. North America is the fastest growing area because of rules, increased knowledge by people and teamwork between car makers and tech partners. Even with these good changes, the market is not without problems. They have big starting costs, complexities during use that can be hard to deal with and they easily get affected by money issues in our economy. Similarly important is the growing practice of partnerships and collaborations. It shows a big change towards safety solutions that work perfectly together with different types of safe features built in easily. As the industry goes along with these changes, focusing on full safety plans and using new technologies shows dedication to not just meet rules but also go beyond what buyers want for safe and secure traveling. The trip we face needs a careful mix of new ideas, doing things cheaply and working together for the same goal. This goal is to have automobile walker safety systems as key players in creating safer global transport environments that are good for everyone.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 7.88 billion |
Market size value in 2031 | USD 17.26 billion |
Growth Rate | 9.1% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Automotive Pedestrian Protection System Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Pedestrian Protection System Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Pedestrian Protection System Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Pedestrian Protection System Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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Report ID: SQMIG45J2204
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