What is Pedestrian Protection System Market?
In the event of an unexpected collision, a pedestrian protection system is utilized to safeguard pedestrians and cause minimal harm. This system includes sensors for detecting pedestrian collisions and an airbag control unit that can activate the actuators that lift the engine hood. The back section of the bonnet is raised when the system is triggered, and the driver receives an automatic alarm. Pedestrian safety systems like pop-up hoods, speed airbags, and flexible air tubes are employed in the event of a sudden accident. The various systems mostly focus on pedestrian head and limb protection. Furthermore, the vehicle-pedestrian protection system market is solely reliant on sales, and the most recent innovation is inactive hoods and external airbags to protect pedestrians from collisions.
Highlights from Pedestrian Protection System Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Audi AG (Germany), Autoliv, Inc (Sweden), Continental AG (Germany), DENSO Corporation (Japan), Magneti Marelli SpA (Italy), Mobileye (United States), Fiat Chrysler Automobiles N.V (United Kingdom), Robert Bosch GmbH (Germany), Nissan Motor Co., Ltd (Japan) and ZF Friedrichshafen AG (Germany) |
The global pedestrian protection system is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA predicts that Germany Vendors will contribute to the maximum growth of Global Pedestrian Protection System market throughout the forecasted period.
Audi AG (Germany), Autoliv, Inc (Sweden), Continental AG (Germany), DENSO Corporation (Japan), Magneti Marelli SpA (Italy), Mobileye (United States), Fiat Chrysler Automobiles N.V (United Kingdom), Robert Bosch GmbH (Germany), Nissan Motor Co., Ltd (Japan) and ZF Friedrichshafen AG (Germany) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Valeo (France), WABCO Holdings (France) and Volvo Cars (Sweden). Pedestrian Protection System Market Segmentation:
Scope | Sub-Segments |
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Type | External Airbags and Pop-up Hood |
Component Type | Sensors,Actuators,Control Units,Others |
Distribution Channel | OEM,Aftermarket |
Vehicle Type | SUV,Hatchback,Sedan |
On the basis of geography, the market of Pedestrian Protection System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing demand for pedestrian protection system and Increasing demand for Electronic Pedestrian Protection
Market Growth Drivers:
Increasing incidence of road accidents and Stringent government regulations across the globe
Challenges:
Limited functionality of the PPS Component
Restraints:
High cost of implementation
Opportunities:
Increasing government rules and regulation towards safety through road accidents
Key Target Audience
Pedestrian protection system Manufacturers, Pedestrian protection system Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
Market Leaders & Development Strategies
In August 2019, Magneti Marelli acquired 100% of SmartMeUp, a French startup operating in the field of “perception software” targeting autonomous driving, smart cities, and safety technology applications. The closure is expected to take place in the fourth quarter of 2018 after several formal steps. In particular, SmartMeUp develops software for processing signals from sensors, detecting and recognizing objects around the vehicle, enabling building 3D environments, and tracking object movement. This type of software will be a key component of autonomous vehicles.
In October 2021- Toyoda Gosei Co., Ltd. developed a pedestrian protection airbag that will protect the pedestrian’s head when hit by a vehicle. Toyoda Gosei has developed various types of airbags that protect vehicle occupants; this will be Toyoda Gosei’s first airbag on the market that protects pedestrians and other vulnerable road users.