Automotive Pedestrian Protection System Market Information by Technology (Active Safety, Passive Safety), Type (Automatic Braking and Collision Avoidance, Brake Assist, External Airbags, Pop-up Bonnets), Components, and Vehicle Types–Forecast till 2024
— Automotive Pedestrian Protection System Market Synopsis
As per the research by Market Research Future Reports (MRFR), the worldwide automotive pedestrian protection system market is projected to thrive at a CAGR of 11.80% during the forecast period from 2018 to 2023. Currently, the worldwide automotive pedestrian protection system market is valued at over USD 900 million.
The forefront competitors of the worldwide automotive pedestrian protection system are AB Volvo, Aptiv PLC, Continental AG, Robert Bosch GmbH, Autoliv Inc, DENSO, Subaru Corporation Mobileye, Magna International Inc, ZF, WABCO Holdings, Inc, Valeo, and Nissan Motor Company Ltd,.
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The global automotive pedestrian protection system market 2020 is majorly driven by the rising awareness regarding road safety. Several new systems are entering the market, which allows the players to compete and retain their position in the market. Moreover, every player is focusing on constructing their brand name. Hence, there has been a lot of development in recent times. Besides, the increased traffic accidents have prompted the automobile manufacturers to start investing in pedestrian protection system. To reduce pedestrian accidents, the manufacturers are focusing on redesigning automotive parts such as windshield, hood (bonnet), and bumper. It makes the vehicle more energy absorbing without dismantling the structure of the vehicle.
Due to the sudden outbreak of novel coronavirus, there has been an immense change in the market dynamics. Several regions have been affected due to the pandemic. We will provide COVID-19 impact analysis with the report.
• Distribution vendors
• Technology Innovators
The worldwide automotive pedestrian protection system market can be segregated on the basis of component type, vehicle type, technology, type, and region.
On the basis of component type, the worldwide automotive pedestrian protection system market can be classified into Sensor, Cameras, Actuator, Control Unit, and others.
On the basis of vehicle type, the worldwide automotive pedestrian protection system market can be classified into Internal Combustion Engine (ICE) Vehicles, Hybrid Vehicles, and Electric Vehicles.
On the basis of technology, the worldwide automotive pedestrian protection system market can be classified into Active Pedestrian Protection System and Passive Pedestrian Protection System.
On the basis of type, the global automotive pedestrian protection system market can be classified into Brake Assist, Automatic Braking and Collision Avoidance, Pop-up bonnets, and External Airbags.
On the basis of region, the global automotive pedestrian protection system market can be classified into North America, Asia Pacific, Europe, and the Rest of the World (RoW).
The regional evaluation of North America, Asia Pacific, Europe, and the Rest of the World (RoW) has been conducted. As per the research by MRFR, the North American market is likely to dominate the global market. The region holds the maximum market share. The US and Canada play a substantial role in the expansion of the market. Besides, several established players are based out of the North American region. There is very fierce competition in the region.
Moreover, the citizens of North America have a significant purchasing power, which additionally propels the market. Besides, the governments of the North American regions have implemented stringent rules and regulations, keeping the pedestrian’s safety in mind. To curb the increasing pedestrian accidents, the government plans to promote and implement pedestrian safety systems in automobiles. The manufacturers are offered incentives and are strictly ordered to adhere to the safety measures and incorporate them into the newly manufactured product.
However, due to the outbreak of pandemic coronavirus, several regions have been adversely affected. The dynamics of the market are changed significantly due to the observation of worldwide lockdown.
This MRFR market perspective delivers a detailed commentary on the global market for automotive pedestrian protection system. It also sheds light on the current market trends as well as gives a viewpoint on the historical growth pattern of the market and its prospects over 2023. The scope of the research also covers the two major automotive pedestrian protection systems (active pedestrian protection system and passive pedestrian protection system). Market sizing also includes revenue analysis based on sensor, actuator, control unit, cameras and others. The different types of automotive PPS mentioned in the research document include automatic braking and collision avoidance, brake assist, external airbags and pop-up bonnets. Market assessment was also made on the basis of the different vehicle types (internal combustion engine (ICE) vehicles, electric vehicles and hybrid vehicles).
Market Research Future (MRFR) leverages its in-house network of expert analysts who, with the help of robust algorithms and fail-safes methodologies derive reliable and insightful market forecast. The market facts presented in our reports are backed by primary and secondary research inputs, which include interviews with industry opinion holders, questionnaires, surveys, SEC filings, whitepaper references, and, annual reports published. Top-down and bottom-up approaches are employed to ensure the credibility of the market foresight. Our analysts evaluate every microeconomic and macroeconomic factor associated with the market for a reliable assessment of the changing trends. A multi-layer verification process validates the authenticity of our research findings. MRFR strives to reveal market opportunities and threats for enabling our clients to devise their next growth strategy.
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