Pedestrian Detection Systems Market 2021 Advancements and Business Outlook - General Motors Company, Toyota Motor Corporation, Volvo Cars, BMW, Mercedes-Benz, Audi AG

The Global Pedestrian Detection Systems Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The pedestrian detection system market is expected to record a CAGR of over 15%, during the forecast period, 2020 - 2025.

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Key Players:

Toyota Motor Corporation, Volvo Cars, BMW, Mercedes-Benz, Audi AG, Nissan Motor Co. Ltd, Peugeot, Honda Motor Company Ltd, General Motors Company, Suppliers of Pedestrian Detection Systems and Components*, Mobileye, Aptiv PLC, Robert Bosch GmbH, Continental Reifen Deutschland GmbH, DENSO Corporation, FLIR Systems, Inc., Panasonic Corporation and others.

Key Market Trends

Increase in the Number of Road Fatalities

Rise in the number of accidents, resulting in loss of lives and properties across the world, is being considered as one of the major factors driving the demand for, and development of, advanced automobile safety systems. As consumers are gaining awareness about the advanced safety features and technologies, they are indicating interest in improving the safety systems of their vehicles.

As per the WHO, more than half of all road traffic deaths are among vulnerable road users, such as pedestrians, cyclists, and motorcyclists. Deaths of pedestrians and cyclists accounted for 26% of all deaths, while that of those using motorized two- and three-wheelers accounted for 28%.

Thus, the number of pedestrians hit and killed has been continually increasing. For instance -

- According to a preliminary estimate published by the Governors Highway Safety Association (GHSA), in 2018, in the United States, 6,227 pedestrians were killed in road fatalities, a 51% increase, as compared to that in 2009.
- Five states in the country, namely, Arizona, California, Florida, Georgia, and Texas, accounted for 46% of all pedestrian deaths, despite representing only 33% of the US population, according to Census data. California recorded the largest number of pedestrian deaths, at 432.
- In 2017, in India, the government data showed that the number of fatalities shot up, from 12,330 in 2014 to 20,457 in 2017, an increase of around 66%, which translated to 56 pedestrians deaths, daily.

Regions, such as Europe and North America, are developed, and with the increase in the number of vehicle sales, more customers are opting for trending ADAS features in their vehicles, owing to the need for safety and comfort features.

Initially, the majority of the consumers did not adopt these systems, due to the high cost and lack of awareness. However, with the new government regulations in place and the proven safety benefits, these systems have gained consumer interest. The ongoing installations are being done by both OEMs and aftermarkets, to facilitate end users with ADAS features.

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What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Pedestrian Detection Systems market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Personal Protective Equipment market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Pedestrian Detection Systems market.

Market Segments: This part of the report discusses product type and application segments of the global Pedestrian Detection Systems market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches Pedestrian Detection Systems used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

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Finally, the Pedestrian Detection Systems Market report is the believable source for gaining Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and Market development rate and figure, and so on. This report additionally Present a new task SWOT examination, speculation attainability investigation, and venture return investigation.

Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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