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Automotive Pedestrian Protection System Market : Sensors, Actuators, Control Units Forecast, 2018 - 2025
According to a recent report published by Allied Market Research, titled,"Automotive Pedestrian Protection System market by Type, Component Type, Distribution Channel, and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global automotive pedestrian protection system market size was valued at $5,133.2 million in 2017, and is projected to reach $10,183.8 million by 2025, registering a CAGR of 9.1% from 2018 to 2025. The pop-up bonnet segment was the highest contributor to the market, with $5,084.5 million in 2017, and is estimated to reach $10,040.1 million by 2025, at a CAGR of 9.0% during the forecast period.At present, Europe dominates the market, followed by Asia-pacific, North America, and LAMEA. UK dominated the global automotive pedestrian protection system market in 2017, whereas Russia is expected to grow at a significant rate in Europe during the forecast period.
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The automotive environment is changing at a rapid pace due to globalization. The increase in automotive sales has been caused due to improvement in manufacturing facilities in most of the emerging countries such as China, India, and Brazil. Improvement in productivity and sales in this sector due to different segments such as premium and four wheelers provides global automotive pedestrian protection system market opportunity, which in turn drives excellent profitability. This factor majorly influences prominent players of the automotive sector to invest and expand the business through different segments to gain better profitability. In addition, increase in disposable income of consumers and surge in passenger vehicles sale across the globe fuel the demand for automotive vehicle. Developing countries such as India, China, and Brazil are the most promising countries for the automotive sector. Furthermore, increase in demand for vehicles in automotive sector fuels the growth of the automotive pedestrian protection system market. In recent years, consumers have shifted their interest toward technologically advanced high safety featured vehicles that have number of interior and exterior applications. This in turn increases the overall use of safety features in vehicle. Thus, such rise in the sales of automotive vehicles due to their advanced features is expected to create numerous opportunities for the automotive pedestrian protection system market share expansion.
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Key Findings of the Automotive Pedestrian Protection System market :
In 2017, based on type, the pop-up bonnet segment generated the highest revenue.
In 2017, based on vehicle type, the sedan type of vehicle segment was the highest revenue contributor.
In 2017, based on region, Europe contributed the highest market revenue, followed by Asia-pacific, North America, and LAMEA.
The key players analyzed in this report include Autoliv, Robert Bosch GmbH, Magneti Marelli SpA, Denso Corporation, ZF Friedrichshafen AG, Mobileye N.V., Nissan Motor Corporation, Audi AG, Continental AG, and Valeo.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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