Automotive Pedestrian Protection System Market Overview:
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 2023 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.
Get Free Sample Report of Automotive
Pedestrian Protection System Market
Automotive
Pedestrian Protection System Key Players
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,.
Automotive
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).
Automotive
Pedestrian Protection System 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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