Automotive Pedestrian Protection Systems Market to Surpass US$ 4.99 Billion by 2025

Automotive Pedestrian Protection Systems Market
The Automotive Pedestrian Protection Systems Market was valued at US$ 992.8 Mn in 2016 and is expected to increase to US$ 4,994.0 Mn in market revenue by 2025

The Automotive Pedestrian Protection Systems Market was valued at US$ 992.8 Mn in 2016 and is expected to increase to US$ 4,994.0 Mn by 2025, registering a CAGR of 19.95% over the forecast period, according to Automotive Pedestrian Protection Systems Market Report, by Technology (Active Pedestrian Protection System and Passive Pedestrian Protection System), by Vehicle Type (Passenger Cars (ICE Vehicles), Commercial Vehicles (ICE Vehicles) and Electric & Hybrid Vehicles), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) published by Coherent Market Insights.

Automotive pedestrian protection system (PPS) is a system used to decrease a pedestrian’s crash with the car. In case of frontal collisions with pedestrians, sensors in front of the vehicle activates the PPS. The complete section of PPS consists of several technologies such as automatic braking and collision avoidance, advanced driver assistance systems, brake assist, driver caution, external airbags, and pop-up bonnets.

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Increasing demand for advanced safety, comfort, and convenience systems, and increasing number of road accidents are expected to fuel growth of the market. Stringency of the regulatory bodies towards reducing the carbon footprint and enhancing existing efficiency of the fuel, and emissions are also fueling the market growth. For instance, Corporate Average Fuel Economy (CAFÉ) Standards in the U.S. is propagating adoption of energy efficient automotive by formulating regulations for reduction of petroleum consumption by enhancing the utilization of alternative fuel vehicles such as hybrid vehicles. It is also focused on reducing greenhouse gas emissions and promoting development of innovative technologies to increase reliance on renewable and conservation of energy sources. This in turn creates a highly conducive environment for growth of the global automotive PPS market. The government regulation for mandatory installation of autonomous emergency braking system in vehicles have also accelerated the market growth. Autonomous emergency braking systems are deployed in advanced collision avoidance systems. For instance, in 2016, the U.S. Department of Transportation’s National Highway Traffic Safety Administration officially announced that automakers in the U.S. have to include the autonomous emergency braking system as a standard feature for all cars and trucks by 2022. Autonomous emergency braking system automatically applies the brakes in order to prevent a collision. The system applies either partial or full braking force according to alerts detected by sensors.

Increasing adoption of pedestrian safety and protection airbags is major driver for growth of the global automotive pedestrian protection systems market. The airbag deployment technology used in active front panel systems enables the truck to act as a cow-catcher and prevent pedestrians from being pulled under the truck. Also, as the front panel of the truck is pushed out, it creates a clearance between the front panel, the grille, and other rigid structures nearby.

The major factor expected to restrain global automotive pedestrian protection systems market growth is the limited functionality of sensors. The functioning of pedestrian safety systems depends on sensors, microcontrollers, and semiconductors. First, sensors are responsible for detecting the information and conveying it to an Electronic Control Unit (ECU). Then, the ECU processes the data through an algorithm and helps in assisting the driver by protecting pedestrian. However, these sensors have limited functions, which is reduces its dependability, which is hindering global market growth.

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Browse 150 market data tables* and 90 figures* on “Automotive Pedestrian Protection System Market” – Global forecast to 2025.

Key Trends and Analysis of the Global Automotive Pedestrian Protection Systems Market:

  • Among technology type, passive pedestrian protection system segment dominated global automotive pedestrian protection systems market with 93.77% share in 2016 and is expected to retain its dominance over the forecast period. This growth is attributed to increasing demand for advancement in technology in automotive industry, which includes autonomous emergency braking (AEB) system, advanced driver assistance systems (ADAS), airbags, and others, due to increasing number of regulations by government for the adoption of pedestrian protection systems. For instance, from October 2017, Ministry of Road Transport and Highways has made airbags mandatory for all new car models and clearance of frontal and side crash tests along with pedestrian protection tests. Moreover, according to road transport ministry of India, all passenger cars are mandated to install anti-lock braking system from April 2019. These factors are expected to propel demand for automotive pedestrian protection system market over the forecast period.
  • Among vehicle type, electric and hybrid vehicles segment is expected to grow at a high CAGR of 25.01% over the forecast period. The growth is attributed to deployment of automotive embedded systems in emerging telematics products and in-vehicle infotainment. Moreover, the requirement for improving vehicle performance, safety, and emission control are the factors driving growth of the market growth.
  • Asia Pacific automotive pedestrian protection system market is projected to exhibit the highest CAGR with 20.84 % over the forecast period. Increasing vehicle manufacturing and high demand for electric vehicles in economies such as China and Japan are expected to drive growth of the regional market. According to the International Energy Agency’s Global EV Outlook, China led the electric vehicles market in 2016, accounting for sell of over 40% electric cars worldwide, which includes over 200 million electric two-wheelers and over 300,000 electric buses.
  • Major players operating in the global automotive pedestrian protection system market include Audi AG, Volvo Car Corporation, Continental AG, Robert Bosch GmbH, Toyota Motor Corporation, ZF Friedrichshafen AG, Autoliv Inc., Mobileye N.V., Subaru Corporation, Valeo, Honda Motor Co., Ltd., General Motors, Ford Motor Company, Daimler AG, Denso Corporation, Nissan Motor Corporation, BMW AG, and Magneti Marelli SpA.

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