Acumen research and consulting estimates that the global automotive pedestrian protection market is anticipated to reach market size of around US$ 11,000 Mn by 2027 and is anticipated to grow at a CAGR of around 9% in terms of revenue during the forecast period 2020 – 2027. In the case of a sudden collision, a pedestrian safety scheme is used to shield the foot so that the damage is reduced. The system includes sensors designed to detect pedestrian collisions and an airbag device, which can activate the engine hood actuators. The rear part of the cap gets up and the driver receives an automatic alarm when the system is activated. Regarding pedestrian protection during unexpected collisions, devices such as popup hood and speed airbags and lightweight air tubes are used. The various structures focus mainly on protecting the heads and limbs of the pedestrian. In addition, the automotive sediment protection system industry only depends on sales, according to the core definition, and recent innovations in active caps and outdoor airbags are being implemented to protect the peasant from the collision.
Growing numbers of road accidents, high acceptance rates of innovative emergency braking system and crash control devices, and growing demands for improved visibility and safety at vehicles drive the global market for automotive pedestrian security systems. In addition, the changing customer preference for increasing ride quality and demand for luxury vehicles drive the growth of the market for automotive pedestrian safety systems. In addition, large industries technical initiatives to establish protection characteristics further fuel global market growth. In order to ensure that the market can be equally affected, the market expected from 2020-2027 by all driving factors. Two of the main drivers that hinder the growth of the automotive pedestrian safety system market are high construction costs and lower performance in bad weather conditions. In fact, as the additional airbags are used, the costs will escalate and the demand growth will begin to be impelled.
In addition, growing customer demand for safety & convenience and rising global demand for the registration of luxurious & luxury cars provide the market for automotive pedestrian security systems worldwide with growth opportunities. It is due to the surge in foreign sales in autonomous cars, which also provides attractive prospects for the worldwide industry in automotive football systems. Macroeconomic considerations include government support for safety standards, increased interest rates among people and sales growth among others, and the vehicle pedestrian protection system market size.
The market research study on “Automotive Pedestrian Protection Market (By Type: External Airbags, Pop-up Bonnets; By component Type: Sensors, Actuators, Control Units, Others (camera, accelerometer for air bags); By Vehicle Type: Hatchback, Sedan, Sport Utility Vehicle (SUV); By Distribution channel: OEM, Aftermarket) - Global Industry, Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers detailed insights on the global automotive pedestrian protection market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report provides insights on global automotive pedestrian protection market are drug class, type, distribution channel and major geographic regions. The automotive pedestrian protection market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
Europe will have the largest market share in 2019 and it is expected that the auto pedestrian safety network will expand at an accelerated pace over the projected period. The strong geographic production of vehicles with high standards of protection can be attributed to the high customer inclination. In addition, several technological improvements in the industry were made in large participants in the automotive industry, with strong industrial presence such as Robert Bosch, Continental, Volkswagen, and Daimler. Throughout the forecast period, those factors should provide strong growth prospects.
Major players included in this report are Valeo, Aptiv PLC, Continental AG, Autoliv Inc, Robert Bosch GmbH, DENSO, ZF, Mobileye, Magna International Inc, WABCO Holdings, Inc, AB Volvo, Nissan Motor Company Ltd, Subaru Corporation, and others. The detection system in the cars will be deployed by manufacturers to reduce foot accidents and ensure safety for users and cars. Furthermore, it is predicted that the launch of new product lines with improved specifications would be one of the major trends that will gain traction over the forecast period.
The global automotive pedestrian protection market is segmented as below:
Automotive Pedestrian Protection Market By Type
Automotive Pedestrian Protection Market By Component Type
Others (camera, accelerometer for air bags)
Automotive Pedestrian Protection Market By Vehicle Type
Sport Utility Vehicle (SUV)
Automotive Pedestrian Protection Market By Distribution Channel
Automotive Pedestrian Protection Market By Geography
Middle East & Africa
Increase in demand for improved visibility and safety features in vehicles is expected to drive the growth of the automotive pedestrian protection market.
Lower efficiency in bad weather conditions is a major factor expected to restraint the growth of the market.
The market value of automotive pedestrian protection is anticipated to be around US$ 11,000 Mn in 2027.
It is anticipated to grow around 9% CAGR amid the forecast period.2020-2027
The key players operating in automotive pedestrian protection markets are Valeo, Aptiv PLC, Continental AG, Autoliv Inc, Robert Bosch GmbH, DENSO, ZF, Mobileye, Magna International Inc, WABCO Holdings, Inc, AB Volvo, Nissan Motor Company Ltd, Subaru Corporation, and others.
Europe is projected to grow at a fast pace during forecast period from 2020-2027.
Europe held maximum share in 2019.