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).
Over the past ten or so years, the market for automobile pedestrian protection systems has experienced significant growth and shifting patterns. One consistent aspect is the growing attention that manufacturers throughout the world are paying to both passengers and other vehicle occupants. But urbanization and heavy traffic have come as strong contributes to the increasing demands for pedestrian protection systems. This development in the market is purely due to the recent trends toward new sensor technologies. Thus, manufacturers combine sensor technologies of lidar, radar, and camera-based designs for pedestrian detection and collision prediction. Real-time data processing from these sensors enables the vehicle to react and implement safety measures in a timely manner.
This trend is in line with a broader industry trend towards the development of fully and partially autonomous vehicles, where pedestrian safety is a key component of the overall safety concept. Furthermore, market trends are determined by safety standards and regulatory actions. Around the world, governments and automobile safety organizations are implementing a number of stringent laws in an effort to reduce pedestrian fatalities, injuries, etc. One of the main drivers of innovation in pedestrian protection systems is adherence to the aforementioned criteria. The emphasis has turned to research and development focused at creating cutting-edge systems capable of guaranteeing pedestrian safety, as automakers strive to fulfil and beyond these criteria.
Global Market Size
USD 7.32 billion
Largest Segment
Passive Pedestrian Protection System
Fastest Growth
Active Pedestrian Protection System
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
As per categorization by technology, the market is classified as active pedestrian protection system and passive pedestrian protection system. Among these, passive pedestrian protection system earned the largest share and continues to hold the dominant global automotive pedestrian protection system market share. Current innovations in passive pedestrian protection systems (PPPS) focus on enhancing vehicle design to minimize pedestrian injury during collisions. Major accomplishments are energy-absorbing bumpers, flexible hoods, and crumple zones. PPPS is the dominating type owing to its proven efficacy, established technological foundation, and regulatory mandates in regions such as Europe. Most of the automotive manufacturers adopted these systems to fulfill the safety standards, and hence PPPS is now reliable to use in reducing pedestrian fatalities and injuries in accidents.
The active pedestrian protection system (APPS) is poised to be the fastest-growing segment in the global automotive pedestrian protection system market due to significant advancements in vehicle safety technologies. APPS, together with automatic braking applications, collision avoiding applications, and pedestrian detection systems, all benefit from rapid integration of sensors, radars, cameras and AI. Add to that increasing regulatory requirement for active safety features throughout the world, especially in regions like Europe and North America in addition to rising consumer demand for better safety systems, it is predicted that clinically the adoption of such systems will increase. Moreover, they are proactive in preventing road accidents and the foreseeable future promises to be the best for pedestrian protection within the automobile industry.
Analysis by Type
Automatic braking & collision avoidance systems are at the forefront of innovation in the global automotive pedestrian protection system market. They are used with advanced sensors, cameras, radars, and artificial intelligence to detect pedestrians or other obstacles in the path of the vehicle and either trigger braking or evasive action for avoidance of a collision. The technology continues to grow and to improve through newer algorithms and better real-time decision making. Automatic Braking & Collision Avoidance are the differentiators in this market owing to their role in accident mitigation, pressure from regulations to include safety features, and demand by consumers for advanced safety systems; thus, automatic braking and collision avoidance will become not only part of future vehicles but will also soon be expected in many vehicles, especially the premium ones.
External airbags are set to become the fastest-growing segment in the global automotive pedestrian protection system market due to their innovative design and increasing demand for pedestrian safety. The deployed airbags are mounted on the external parts of the vehicle and can absorb the force of collision injury in an accident. Manufacturing companies are currently incorporating designs for external airbags as pedestrian safety regulations are becoming stricter around the globe, particularly in Europe and Japan. Due to developments in deployment speed and material technology, external airbag offers a strong potential solution, and that ensures the continued prominence as other manufacturers gear up to adopt airbag technologies that will allow meeting safety standards.
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North America dominates the global automotive pedestrian protection system market due to strong regulatory frameworks and high consumer demand for advanced vehicle safety features. The United States and Canada have also laid down tough and stringent safety standards to enhance pedestrian safety systems which place pressure on automakers to adopt highly technical innovations like automatic brakes, collision avoidance systems, and external airbags. Moreover, the highly developed automotive industry in North America, as it has a lot of players under innovation and the increasing scope of keeping pace with dynamic regulations, galvanizes advancement in pedestrian protection systems. Furthermore, the enlarged adoption of technology due to high consumer awareness about safety will make North America a strong leader and dominant in this market.
Europe is the fastest-growing region in the global automotive pedestrian protection system market due to its stringent regulatory requirements and strong commitment to pedestrian safety. Mandates on pedestrian protection levels are amongst the most stringent anywhere in the world, especially in Germany, France and the UK. This has in turn warranted the introduction of advanced safety technologies into vehicles. In fact, European automakers are in the lead with such innovations and implementation of new pedestrian protection systems, including automatic braking, pop-up bonnets and external airbags. Such strong concern for sustainability and road safety plus increasing consumer demand for safer vehicles have speeded up the adoption of such advanced systems, hence stimulating the global automotive pedestrian protection system market growth.
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Drivers
Regulatory Mandates
Consumer Safety Awareness
Restraints
High Implementation Costs
Compatibility with Existing Vehicle Designs
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The competitive landscape of the global automotive pedestrian protection system market is characterized by innovation and technological advancements from leading global players. They're working through companies trying to make advanced safety features to meet tough standards. Some of the main internationally key players in this line are Continental AG, Autoliv Inc., Denso Corporation, Bosch Mobility Solutions, and TRW Automotive. They are at the front of the automatic braking and collision prevention systems and external airbags developed for advanced pedestrians' safety in modern vehicles.
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SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global automotive pedestrian protection system industry is experiencing robust growth driven by increasing urbanization, strict regulatory requirements, and advancements in sensor and safety technologies. Passive Pedestrian Protection Systems dominate the market due to their established technology and regulatory compliance.
Active pedestrian safety systems will improve very quickly due to with increasing applications of AI and advanced sensors in automaker vehicles to detect pedestrians and prevent accidents in real-time. North America continues to be the leader in terms of market share, with Europe catching up rapidly. The market is changing constantly, ensuring enhanced pedestrian safety through technological development and regulations.
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
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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.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45J2204
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