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Automotive Pedestrian Protection System Market 2024: Audi AG, Autoliv Inc., BMW AG, Continental AG, Daimler AG, Denso Corporation, Ford Motor, General Motors, Honda Motor Co. Ltd., Magneti Marelli SpA., Mobileye N.V., Nissan Motor
Automotive Pedestrian Protection System Market
Automotive pedestrian protection system market has emerged as one of the most lucrative business spheres of the automotive domain in the recent years. The increasing awareness among the regional governments and regulatory bodies regarding the importance of pedestrian safety has been stimulating the product demand. In 2016, more than 5,000 pedestrian fatalities occurred due to road accidents in the U.S. alone.
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Automobile manufacturers have been deploying different protection techniques like crumple zones, deformable components for reducing the impact of collision on the pedestrian, defining the basic options in the automotive pedestrian protection system market. Various New Car Assessment Programmes (NCAP) across regions are responsible for the testing of safety systems, which involves intense and detailed tests.
The Europe NCAP is considered to be the most stringent one, and the presence of major industry players such as BMW, Audi, Bosch, Continental and Mercedes has extremely benefited the Europe automotive pedestrian protection system market. The Euro NCAP has significantly raised the standards for consumer protection tests and legal requirements, instigating the development of reliable pedestrian detection systems.
The electronic protection system provided by Bosch, for instance, delivers an effective method to reduce the impact of a collision on the pedestrian and engine components, representing the advancement of the automotive pedestrian protection system market. The system comprises peripheral sensors, located in the front part of a vehicle, and an airbag control unit for launching the airbags in the vehicle's A pillars. On impact, actuators are triggered which can lift the engine hood within milliseconds and the pedestrian is allowed to collide against a more effective crumple zone, minimizing injury risks. As such, Bosch's electronic protection system is cost-effective, active impact protection that also fulfills all the legal requirements associated with the automotive pedestrian protection systems market in Europe.
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Anticipated to record a 10.5% CAGR over 2018 to 2024, the global automotive pedestrian protection system market outlook is slated to witness a transformative change owing to increased production of electric vehicles and influx of smart ECU technologies. Driven by the robust rise in accidental collisions, the overall automotive pedestrian protection system industry size is expected to be pegged at USD 3 billion by 2024.
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