Global Pedestrian Detection System Market Worth $17.59 Billion by 2029, Growing at 15.8% CAGR

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Pedestrian Detection System Market Outlook: What Size And CAGR Are Anticipated By 2025?
In recent times, the market size of the pedestrian detection system has seen a swift expansion. Its progression is expected to escalate from $8.46 billion in 2024 to $9.77 billion in 2025, with a Compound Annual Growth Rate (CAGR) standing at 15.4%. This considerable growth during the historic period is a result of various factors such as the escalating number of traffic accidents involving pedestrians, advancements in sensor technology, the implementation of government regulations and safety standards, the increased adoption of advanced driver assistance systems (ADAS), amplified awareness regarding road safety, and improved vehicle safety features.

What Is the Expected CAGR for the Pedestrian Detection System Market Growth Through 2029?
The market for pedestrian detection systems is predicted to experience a rapid growth spurt in the coming years, reaching a value of $17.59 billion in 2029 with a compound annual growth rate (CAGR) of 15.8%. The expansion during the forecast period is primarily attributed to the growth of autonomous vehicle technology, rising urbanization and pedestrian traffic, the progression of smart cities and infrastructure, an increasing demand for real-time data processing, and a focus on vehicle-to-everything (V2X) communication. The forecast period will also see trends such as the escalating use of 3D and multi-sensor fusion technologies, advancements in camera and sensor technologies, sophisticated software algorithms for heightened accuracy, the spread of pedestrian detection systems across diverse vehicle segments, an effort to mitigate false positives, and enhance system reliability.

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What Are the Primary Drivers Behind Pedestrian Detection System Market Growth?
The surge in road-related deaths is anticipated to stimulate the expansion of the pedestrian detection system market. These fatalities, which are a consequence of injuries from traffic accidents or road incidents, are on the rise for various reasons, including accelerated vehicle speeds, distractions from mobile phone usage while driving, and lack of adequate road safety precautions. Furthermore, the escalating urbanization and an increasing number of vehicles on the roads lead to more frequent and serious traffic accidents. Pedestrian detection systems, which incorporate AI, sensors, and cameras in vehicles and road systems, are designed to detect pedestrians and avoid accidents, thus minimizing road fatalities. For example, Eurostat, the Luxembourgish statistical office of the European Union, reported an increase of 3.7% in road deaths in the EU in 2022, resulting in a total of 20,653 lives lost. Consequently, the rising number of road deaths is acting as a catalyst for the growth of the pedestrian detection system market.

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What Are the Key Segments Driving Pedestrian Detection System Market Growth?
The pedestrian detection system market covered in this report is segmented -

1) By Component: Hardware, Software
2) By Technology: Vision-Based Systems, Sensor Fusion Systems, Infrared Systems, Ultrasonic Systems
3) By Distribution Channel: Original Equipment Manufacturers (OEMs), After market
4) By Vehicle Type: Passenger Vehicles, Commercial Vehicles
5) By Application: Traffic Management, Surveillance, Other Applications

Subsegments:
1) By Hardware: Cameras, Sensors, Processing Units, Communication Modules, Display Units, Mounting Accessories
2) By Software: Image Processing Software, Machine Learning Algorithms, Data Fusion Software, Real-Time Processing Software, Simulation And Testing Software, User Interface Software, Integration Software For Vehicle Systems

What Are the Technological Trends Impacting the Pedestrian Detection System Market?
Key businesses in the pedestrian detection system market are putting an emphasis on integrating Artificial Intelligence (AI) into proactive safety protocols, such as AI-driven object identification, with the aim of elevating safety, minimizing accidents, and providing real-time data for more effective decision-making. The AI-backed object recognition can detect humans and material handling equipment (MHE), providing visual and auditory warnings for potential risks. For example, in December 2023, a technologically advanced company based in the US, Powerfleet Inc., introduced its cutting-edge pedestrian proximity detection solution that uses AI technology to improve safety in warehouses and manufacturing plants. The system includes three vehicle-mounted cameras accompanied by real-time analytics. The underlying goal of this solution is to cater to the escalating demand for efficient safety precautions in areas facing increasing labor and safety issues.

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Who Are the Major Competitors in the Global Pedestrian Detection System Market?
Major companies operating in the pedestrian detection system market are Hitachi Ltd., Robert Bosch GmbH, Siemens AG, Intel Corporation, Panasonic Corporation, Denso Corporation, ZF Friedrichshafen AG, Continental AG, Magna International Inc., NVIDIA Corporation, Subaru Corporation, Geely Automobile, Valeo S.A., Texas Instruments Incorporated, Aptiv PLC, Infineon Technologies AG, Magneti Marelli S.p.A., Autoliv Inc., HELLA GmbH & Co. KGaA, Teledyne Technologies, Mobileye, Veoneer, Velodyne Lidar Inc., LeddarTech

Which Region Dominates the Pedestrian Detection System Market Share in 2025?
Asia-Pacific was the largest region in the pedestrian detection system market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the pedestrian detection system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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