automotive pedestrian protection system market

Posted by Abhijeet Bendre on September 21st, 2019

Market Research Future published research report on global automotive pedestrian protection system market. The automotive pedestrian protection system market is expected to expand at the CAGR of around 18% during the period 2018 to 2023.

Market Highlights:

The global automotive industry has always focused on the vehicles that are being sold in terms of engine efficiency and the overall automobile performance parameters. With the rising sales in the automotive industry, the number of vehicles on the roads grew sharply within a limited time window. This led to increased instances of vehicular traffic collisions prompting the automakers to invest in technologies promoting and protecting the passengers in the automobile. But pedestrian safety still remained a big concern and the many lives of pedestrians were lost due to collisions for many years. To overcome the same, the automakers started investing in pedestrian protection systems.

On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. North America region (U.S. and Canada) has the highest demand for the pedestrian protection system. Global automakers are investing heavily since the last couple of decades. Post the economic downturn of 2008, the U.S. economy has seen an upward swing. The main reason for this is the push by the government to invest in research and pump capital in the automotive industry. The biggest players in the automotive industry have had a set base in the North America region for many years and the primary reason for this is the intense competition among the players, and the large demand for personal vehicles. The demand for passenger cars is very huge in this region. The people here prefer personal vehicles over the public transport, primarily due to their limitation of traveling to different countries within the region. Thus, people here, undertake both, work related and leisure travel in their own personal vehicles. The large purchasing power and the preference of the people to own large vehicles such as SUVs and mini trucks, cause the roads in this region to be filled with passenger cars. The excellent road infrastructure further adds to the preference of passenger cars, causing a rise in their number, which has compelled the government to lay down very strict regulations to curb the growing instances of accidents. These accidents occur primarily due to the presence of large vehicles on the roads and their high speeds. Thus, in the interest of passenger and pedestrian safety, speed limits have to be adhered to, very strictly in this region. Still, human error causes relatively large number of deaths in this region along with injuries. To curb these incidences, the government plans to further promote and implement pedestrian safety systems in automobiles. The automakers are provided with incentives and are mandated to adhere to these safety measures and install them in the newly produced automobiles.

Scope of the Report

This study provides an overview of the Global Automotive Pedestrian Protection System Market, tracking five market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Automotive Pedestrian Protection System Market by its Type, Technology, Components, Vehicle Type and Region.

Key Players

The key players in the global automotive pedestrian protection system market 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.