Passive automotive pedestrian protection system market is expected to continue its dominance through the forecast period. This can be attributed to high adoption of passive safety in passenger vehicles and applications for reduction in impact of frontal collisions. This includes external airbags and pop-up hoods which gets activated on collision and aids in reducing the severity of impact on the victim’s body.
In line with the vehicle safety regulatory policies, automakers have now been manufacturing new vehicle models equipped with pedestrian protection systems. The increasing use of such safety features in newly developed vehicles is poised to propel the product demand over the years ahead. The deployment of strict regulatory standards for enhancing pedestrians’ safety also will help augment the revenue scale of automotive pedestrian protection system market. For the record, by the end of 2024, overall automotive pedestrian protection system market will surpass a valuation of USD 3 billion.
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Passenger car accounted for the largest automotive pedestrian protection system market share by volume in 2017. High deployment of these active and passive safety in these vehicles is expected to fuel the industry growth. GM, Daimler, Volvo, Ford, Toyota and Honda are some key OEM’s that have already deployed these advanced safety technologies in several car models.
Based on the distribution channels, OEMs will continue its dominance in the automotive pedestrian protection system market share through the forecast timeframe. Efficient detection and accident prevention capabilities at steep turns and bad ambient light in conjunction with the robust components for increased durability will drive the technology deployment.
European companies like Bosch and Continental have been continuously conducting research and development activities to invent advanced technologies related to pedestrian protection systems. In the recent years, the regulatory framework governing pedestrian protection systems has become stricter, on the grounds of which Bosch encompasses a cost-effective and safe electronic system in its portfolio, incorporated with an active impact protection system. Given that the current challenges related to sensor equipment have been encouraging industry giants to come up with highly advanced sensing systems, Continental has optimized interfaces and improved quality standards with the development of an acceleration satellite assisted scalable sensor system. Incidentally, this newly developed pedestrian protection system can be efficiently improved with the integration of pressure-based technology.
Currently, many automobile manufacturers have been focusing on developing intelligent, clean, safe, and convenient mobility solutions rather going in for high speed and more horsepower technologies. The shifting focus of the automakers toward the development of highly advanced safety features is likely to impel automotive pedestrian protection system market share. Validating the aforementioned fact, the leading Indian car manufacturer, Maruti Suzuki has invested quite some capital to build an in-house pedestrian safety and crash testing facility near Delhi in compliance with stringent traffic safety and crash regulations. Considering that bad road conditions and the absence of high technology facilities in most of the vehicles lead to road accidents in India, prominent automakers have been working to develop advanced safety systems, propelling the regional automotive pedestrian protection system market trends.
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Taking into account the surging need for vehicle safety for reducing fatalities, the Indian government is also looking forward to implementing strict rules and regulations. Under the Bharat New Vehicle Safety Assessment Program, the government is planning to mandate the deployment of pedestrian protection safety facilities in the vehicles in the coming years. In addition, the government has given few more years to automakers to equip all their existing vehicle models with this facility. The regulatory initiatives taken by the Indian government will generate commendable business opportunities for the giants in automotive pedestrian protection system market over the ensuing years.
Major automotive pedestrian protection system market participants include ZF Friedrichshafen AG, Continental AG, Denso Corporation, Magneti Marelli SpA, Ford Motor Company, Nissan Motor Corporation, Honda Motor Co. Ltd., Volvo Car Corporation, Audi AG, General Motors, Robert Bosch GmbH, Toyota Motor Corporation, Daimler AG, Subaru Corporation and Valeo.
Chapter 1. Methodology & Scope
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definitions & forecast parameters
1.2. Data sources
Chapter 2. Executive Summary
2.1. Automotive pedestrian protection system market 3600 synopsis, 2013 –2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Vehicle trends
2.1.4. Distribution channel trends
2.1.5. Regional trends
Chapter 3. Automotive Pedestrian Protection System Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.3. Industry ecosystem analysis
3.3.3. Profit margin trends
3.3.4. Vendor matrix
3.4. Technology landscape
3.5. Regulatory landscape
3.5.1. North America
3.5.3. Asia Pacific
3.5.4. Latin America
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