Press release
Asia-Pacific Pedestrian Detection Systems Market Projected to Reach 4.6% CAGR Till 2023 | Top Key Players – u2013 Audi Ag, Flir Systems, General Motors Company, Honda Motor Company, Ltd, Nissan Motor Company
The Asia-Pacific pedestrian detection systems market is expected to record a CAGR 7%, during the forecast period. The pedestrian detection system is an important component of the driver assistance systems that helps to avoid collision of the vehicle with the pedestrians while driving, especially at night. The nighttime pedestrian detection system works by letting the driver of the vehicle know about the obstacles on the road with the help of a Near Infrared (NIR) camera and its displaying unit. The global market for sensors, critical to pedestrian detection by automobiles, is ever expanding and Asia-Pacific represents the center for its growth as disposable incomes rise alongside manufacturing of high value-added automobiles in the region and increase in laws mandating such technology. It is expected that large markets actively building up their manufacturing capabilities, like China and India is expected to lead this market growth.Detailed Sample Copy of Updated Analysis @ https://marketprognosis.com/sample-request/15862
Key Developments in the Market
March 2018: Toyota has introduced RAV4 SUV truck with a forward collision warning system with pedestrian detection and automatic emergency braking, full-speed dynamic radar cruise control, lane departure warning with steering assist and many more
March 2018 u2013 The new Lincoln Aviator SUV have advance driver assist technologies that include automatic emergency braking with pedestrian detection, blind spot information systems with cross-traffic alert, lane keeping systems, a reverse camera, and reverse brake assist
Major Players
u2013 AUDI AG, FLIR SYSTEMS, GENERAL MOTORS COMPANY, HONDA MOTOR COMPANY, LTD, NISSAN MOTOR COMPANY LTD, amongst others.
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Market Dynamics
The pedestrian detection technology includes auto scanning of roadways ahead for pedestrians, notifications, and warnings issued to the driver and if the pre-decided distance is not maintained, the automobiles are designed to auto-brake. The radars and cameras, typically fitted in places on the vehicles from where spotting pedestrians can be easier, for example, the front and back of the vehicle on the windshields and bumpers respectively, are operational at a range of speeds and can go higher than 50 miles per hour.
Growing safety concerns and government regulations about passenger and pedestrian safety and increasing demand for premium vehicles are some of the driving factors of the market. Over the years there has been a growth in the number of vehicles and construction of roads, and with that, the incidence of road accidents has also increased. In recent years, the automobile industry has put forward their research and development work for further improving the night vision systems. This has led to further improvements in the advanced driving assistance systems with a surge in demand for nighttime pedestrian detection systems. Low penetration of leading providers of advanced driving assistance systems (ADASs) in developing markets and rise in the number of autonomous cars are some of the opportunities present in this market.
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