Global Automotive Pedestrian Protection System Market Highlights:
The automotive pedestrian protection has always been a major concern for the governments, the automotive regulatory agencies, and automakers. The pedestrian protection system assists the driver in identifying a pedestrian in the vicinity of the automobile. This particularly helps avoid a possible collision and resultant injury or fatality, thus improving safety for pedestrians. The system is designed to provide relief to drivers in automobiles, making the roads accident free and increase safety measures involved in the automotive industry.
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Major Players in Automotive Pedestrian Protection System Market studied for this report are: Robert Bosch GmbH (Germany), Aptiv PLC (U.K.), Continental AG (Germany), Autoliv Inc. (Sweden), Denso Corporation (Japan), Magna International Inc. (Canada), and ZF Friedrichshafen AG (Germany). Mobileye (Israel), WABCO Holdings, Inc. (Belgium), Subaru Corporation (Japan), Valeo (France), Nissan Motor Company Ltd. (Japan), Volvo Cars (Sweden), and General Motors Company (U.S.) are among others.
There are several factors that are responsible for the growth of global automotive pedestrian protection system market over time. Firstly, the government regulations in almost all the major countries force heavy fines on the drivers involved in accidents where there is serious injury to the pedestrian. Secondly, the automotive standards associations in major countries have laid down strict norms for the automakers, which need to be complied with in regards to passenger and pedestrian safety. Thirdly, this system helps ease the stress caused due to long driving hourss and in chaotic traffic conditions. This will eventually help in lessening the instances of vehicular traffic related mishaps. The global market for automotive pedestrian protection system is expected to expand with a CAGR of approx. 18% (2018 to 2024).
On the basis of technology, the active pedestrian protection system is more of a preventive measure checking the vehicle direction and speeding and eliminating the possibility of collision in time. The passive pedestrian protection system is a measure, which minimizes the intensity of impact thus lessening the pain of the collision for the pedestrian. On the basis of type, the most effective in avoiding the collision itself are the brake assist, collision avoidance and the automatic braking. Technologies such as the external air bags, and pop up bonnets help reduce the impact of the collision. On the basis of the component, the most widely used and affordable are the sensors and the cameras, which provide basic information and alerts to the driver.
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. North America market is expected to lead the market for pedestrian protection system. The government norms and regulations in this region coupled with the preference for driver assist automotive systems installed in their automobiles for a comfortable and safe riding experience, has led to the increase in the demand for the pedestrian protection systems. High penalty to the automobile driver for careless driving and an consecutive exponential increase in premium are levied upon the driver by respective automotive insurance companies. This increases the preference of pedestrian protection systems among both, automakers and drivers, ensuring overall high demand for the pedestrian protection systems, in this region. Europe pedestrian protection system market, which is the second largest regional market, has a strong set of rules laid down by the European Union and European Automobile Manufacturers Association, to prioritize pedestrian safety.
Scope of the report:
The report for Global Automotive Pedestrian Protection System Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Major Table of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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