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Europe Pedestrian Detection Systems Market to Accrete Enormously By Registering a CAGR over of 26 % By 2023 | Industry Players: AUDI, BMW, MERCEDES, VOLVO, NISSAN

08-22-2018 03:37 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Market Prognosis

The market is poised to witness a CAGR of 26%, during the forecast period of 2018-2023. 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.

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The new automotive generation is not only equipped with comfort, style, speed, power, functions automation (X-by-wire), and fuel efficiency (think green fuel), but also, with increased safety. Research and innovation in sensors, cameras, radars, and other value-added components is equipping the cars for increased safety of pedestrians. A number of vehicular accidents involve pedestrian casualties. With the augmentation of technology that can sense the presence of pedestrians in the path of the cars, earlier available only in high-priced cars, like the Mercedes S-class, it is obvious that automation is coming to automobiles and in a big way.

Key Developments:

March 2018: Lincoln Aviator, a plug in hybrid SUV is launched with pedestrian Detection at the New York Auto Show

Major Players:

AUDI, BMW, MERCEDES, VOLVO, NISSAN, amongst others

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Pedestrian Detection Systems – Drivers
• Stringent regulations mandating reduction of vehicular pollution
• Use of enhanced technologies for road safety by governments
• Advancements in research into sensors, cameras, and other automobile technologies
• Set up and scaling of manufacturing of sensor-based technologies across the world
• High disposable incomes and demand for cars with such luxury features
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.

The high cost of systems and associated components making it impossible to integrate sensors for pedestrian detection in mass market cars, ongoing research, inadequate research in updating existing research and a few other factors contribute to the bottlenecks in this market.

An increasing number of automobile manufacturers, like Ford, Toyota, and others are integrating sensors for pedestrian detection to enhance their product offerings. While most manufacturers are integrating sensors and cameras in new cars, other sensor based companies are offering add-on sensors, which can be used in cars without pre-installed pedestrian detection systems and include names, like Mobileye, among others.

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

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