Press release
What's driving the Automotive Pedestrian Protection System Market Trends? Key Players - Audi, BMW Group, Daimler AG, Ford Motor Company, General Motors, Nissan Motor Corporation, Toyota Motor Corporation
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Apart from the mistakes made by drivers, pedestrians are also spotted to be increasingly using earphones while wandering on roads making them extremely vulnerable to accidents. More than 21% road accident fatalities in the U.S. were among children, claims the National Highway Traffic Safety Administration (NHTSA) report released in 2015. Rising awareness to restrict the instances of pedestrian getting hit by vehicles coupled with stringent government regulations to implement such systems will drive automotive pedestrian protection system market growth over the forecast timeframe.
Technological innovations in the automotive sector to produce effective braking systems along with growing deployment of advanced radar system among the auto-manufacturers will accelerate the automotive pedestrian protection system market trends. Several developed and emerging nations have imposed strict regulations regarding the incorporation pedestrian safety measures. For instance, in 2016, the Indian government has ordered to deploy frontal protection technologies in different vehicle models to improve pedestrian safety.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. EPILEDS
2. Epistar Corporation
3. Everlight Electronics Co. Ltd
4. Excelitas Technologies Corporation
5. High Power Lightning Corporation
6. Kingbright
7. LED Engin Inc.
8. Lextar Electronics
9. Lite-On Inc.
10. Lumileds
11. Luna Optoelectronics
12. Marktech Optoelectronics
13. Nichia Corporation
14. ON Semiconductor
15. Osram Opto Semiconductors Inc.
16. ROHM Semiconductor
17. TE Connectivity Measurement Specialities
18. Ushio OPTO Semiconductors Inc.
19. Vishay Intertechnology
20. Wurth Electronics Inc.
Newly manufactured vehicle models will need to undergo a test regarding passenger safety and will compulsorily require to score minimum of the set standard before it goes on road. The newly developed systems showcase high accuracy and efficiency to perform under extreme weather conditions which will foster the automotive pedestrian protection system market demand. However, the restrains associated with product cost, customer affordability and requirement to replace passive systems will hamper the market growth.
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Considering the vehicle type, passenger car segment held majority of automotive pedestrian protection system market share by volume in 2017. The number of passenger car units sold in the market have always dominated the automotive market pertaining to high demand for passenger vehicles. Significant increase in spending power along with shifting focus toward personal Mobility has been fueling the passenger vehicle demand since many years.
Prominent automakers such as Volvo, Ford, GM, Daimler, Toyota and Honda along with some key OEM's have already installed these innovative safety technologies in several car models, thus foster product penetration over the coming years. Moreover, the commercial vehicles too show promising future for the deployment of automotive pedestrian protection system owing to wider blind spots because of their relatively large size as compared to passenger cars.
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Corporate Sales, USA
Global Market Insights, Inc.
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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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