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Companies are (Audi, Autoliv, BMW, Ford Motor, General Motors, Nissan Motor, Toyota Motor, Valeo, Volvo Car) in Automotive Pedestrian Protection System Market Forecast to 2024
Automotive Pedestrian Protection System Market
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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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Audi AG
2. Autoliv Inc.
3. BMW AG
4. Continental AG
5. Daimler AG
6. Denso Corporation
7. Ford Motor Company
8. General Motors
9. Honda Motor Co., Ltd.
10. Magneti Marelli SpA.
11. Mobileye N.V.
12. Nissan Motor Corporation
13. Robert Bosch GmbH
14. Subaru Corporation
15. Toyota Motor Corporation
16. Valeo
17. Volvo Car Corporation
18. ZF Friedrichshafen AG
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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.
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.
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.
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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.
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