A pedestrian protection system uses sensors, cameras, and a control unit to detect whether the vehicle is about to collide with the pedestrians. The pedestrian protection system was in the research and development before being incorporated in cars and luxury vehicles. Currently, it is getting deployed in vehicles after clearing all the regulation tests.
The major advantage of deploying a pedestrian protection system is that it offers a more comfortable zone for pedestrians, and reduces loss of lives as well as risk of injury. In 2005, Jaguar was the first company to design a pedestrian protection system. Automotive manufactures and technology providers are keen on creating a new safety solution that will fulfill all legal requirements and ensure pedestrian protection.
Technology providers are investing in research and development to make vehicles comfortable, safe, and economical. Technological advancements play a significant role in the creation of pedestrian protection systems that have the potential to reduce injuries and save lives. The level of reliability in the technology will affect the adoption rate of pedestrian protection systems.
Mergers, acquisitions, and collaborations of vehicle manufacturers with automotive solution providers will affect the market. Nowadays, technology providers are concentrating on gaining a market presence by developing automotive safety solutions.
Though the pedestrian protection system can help to reduce the damage of the lives, the over-reliance on technology by the drivers may negatively impact the growth of the market.
The increasing awareness of the people towards safety will boost the demand for pedestrian protection systems. It also results in growing number of patents from automotive manufacturers as well as automotive technology providers.
High initial installation cost as well as service costs associated with pedestrian protection systems can act as a restraint in this market. Moreover, rising prices of vehicles along with the high costs incurred in designing and testing are also estimated to hinder the growth of the pedestrian protection system market in the future.
The growing number of patents in countries such as, the US, the UK, Germany, Japan and France, are one of the key driving factors for the growth of the global pedestrian protection system market. In US, the government is creating rules and regulations such as the pedestrian safety enhancement act to increase the safety and promote the deployment of pedestrian protection systems.
Currently, the North American and Western European countries are having a linear growth trend whereas at the end of the forecast the Asian countries such as, China, India, Indonesia, and Malaysia, will have a similar trend. Increasing disposable incomes of the middle class population in Asian countries will result in the increasing number of automotive sales with advanced safety solutions. The governments in the developing economies will play a significant role in enhancing the deployment of pedestrian protection system.
Among the Asian countries, Japan and South Korea will pose a significant growth trend over the forecast period, similar to the western countries. Latin America, Middle East, and Africa are projected to increase the demand for automotive, owing to increasing urbanization and economic growth, which in turn, will accelerate the growth of the pedestrian protection system market in the forecast period.
Some of the key market participants in the global pedestrian protection system market are:
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, type, vehicle type and sales channel.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The global pedestrian protection system market can be segmented into type, vehicle type, and sales channel.
On the basis of type, the global pedestrian protection system market can be segmented into:
On the basis of vehicle type, the global pedestrian protection system market can be segmented into:
On the basis of sales channel, the global pedestrian protection system market can be segmented into:
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Pedestrian Protection System Market
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