Pedestrian Protection System Market Overview:
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 2022 to
2030. Currently, the worldwide automotive pedestrian protection system market
is valued at over USD 900 million. 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.
Pedestrian Protection System Market Key
Players
- Robert
Bosch GmbH
- Aptiv
PLC
- Continental
AG
- Autoliv
Inc
- DENSO
- Magna
International Inc
- ZF
- Mobileye
- WABCO
Holdings Inc
- Valeo
- Nissan
Motor Company Ltd
- AB
Volvo
- Subaru
Corporation.
Pedestrian Protection System Market
Segmentation
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).
Pedestrian Protection System Market
Regional Analysis
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.
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