Automotive Pedestrian Protection System Market Size, Share, Growth Analysis, By Technology(Active Pedestrian Protection System, and Passive Pedestrian Protection System), By Component Type(Sensor, Actuator, Control Unit, Cameras), By Type(Automatic Braking and Collision Avoidance, Brake Assist, External Airbags, and Pop-up bonnets), By Vehicle Type(Internal Combustion Engine (ICE) Vehicles, Electric Vehicles, and Hybrid Vehicles), By Region - Industry Forecast 2024-2031

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.