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Automotive Pedestrian Protection System Market Players | Audi AG, Autoliv Inc., BMW, Continental AG, Daimler AG, Denso Corporation, Ford, Motor Company, General Motors, Honda Motor Co., Ltd., and ZF Friedrichshafen AG.

09-22-2018 01:33 PM CET | Tourism, Cars, Traffic

Press release from: Global Market Insights, Inc.

Automotive Pedestrian Protection System Market

Automotive Pedestrian Protection System Market

Automotive Pedestrian Protection System Market to exceed USD 3 billion by 2024; according to a new research report by Global Market Insights, Inc. Increasing mobile phones usage during driving, reduced visibility at night, misjudgment while driving, and driver’s fatigue results in collisions. Increasing concerns regarding the growing number of road fatalities has led to increased deployment of automotive pedestrian protection system in vehicles. Moreover, usage of earphones by pedestrians while strolling on roads make them vulnerable to such incidences. According to the National Highway Traffic Safety Administration (NHTSA) report in 2015, over 21% road accident fatalities in the U.S. were children. Requirement to curb occurrence of such incidences is expected to generate increased adoption of safety systems thereby fueling the automotive pedestrian protection system market growth.

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Europe automotive pedestrian protection system market accounted for over 45% market share in 2017, is expected to hold its dominance through the forecast period. High inclination of consumers towards safety technologies and significant presence of premium car manufacturers are expected to drive the regional growth.

Introduction of advanced radar system, emergency braking system and increasing strictness of safety norms across the countries are fueling the automotive pedestrian protection system market demand. For instance, in July 2016, Indian government had proposed manufacturers to deploy frontal safety technologies and proposed formulation of safety rating framework for different vehicle models. This safety test will include compulsory minimum pedestrian protection score requirement for the newly manufactured car models. Moreover, ability of these systems to perform efficiently in extreme weather conditions will propel the automotive pedestrian protection system market share from 2018 to 2024.

Passive pedestrian protection system contributed the largest industry share in 2017, owing to its high initial adoption in passenger vehicles and the features that aid in mitigating collisions. These include pop-up hoods and external airbags activated upon the impact after the frontal collision with human.

Active technologies are expected to witness highest growth rate owing to the requirement to detect the human movement and warn the user or evade the accident through integrating with the steering control. This helps in eliminating the possibility of collision in time. Moreover, requirement to detect obstacles in bad lighting or steep turns is expected to provide strong growth prospects for automotive pedestrian protection system market through the forecast period.

Commercial vehicles are large sized and have wider blind spots. Few automotive manufacturers that include Volvo, Subaru, and Daimler have introduced vehicles with safety technologies. OEM players are anticipated to participate in the competition by introducing innovative technologies and gain higher consumer traction. Inadvertently this will present strong growth prospects over the forecast period.

OEM contributed for the largest automotive pedestrian protection system market share in 2017 and is expected to witness significant gains at around 10.5% over the forecast period. Active safety technology is in its nascent stage and the technologies are robust providing efficient performance in unfavorable weather conditions. Long operational life and high requirement to ensure human life safety are expected to drive the segment growth.

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Some of the major automotive pedestrian protection system market participants include Audi AG, Autoliv Inc., BMW, Continental AG, Daimler AG, Denso Corporation, Ford, Motor Company, General Motors, Honda Motor Co., Ltd., and ZF Friedrichshafen AG. High product deployment demands owing to the increasing concerns regarding the frontal collisions, advancement in radar technologies and regulatory compliances will present favorable growth landscape through the forecast period.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688

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