Global Automotive Pedestrian Protection System Market to Grow at a CAGR of 10.0% During 2024-2032, Driven by the Rising Safety Initiatives Introduced by Governments

The growing introduction of safety standards and initiatives by governments and organisations such as the National Highway Traffic Safety Administration (NHTSA) in the United States is increasing the adoption of pedestrian protection systems in automobiles. The initiatives are employed to lower incidents of vehicle-pedestrian crashes and reduce vehicle rear-end collisions.

Technological advancements such as Automated Vehicle Inspection (AVI) are being increasingly adopted by fleet operators for inspections for daily safety rounds, increasing the safety of their vehicles. Furthermore, automobiles with advanced safety features are growing in popularity with the increasing disposable incomes across the globe, contributing to the market growth.

In December 2023, Powerfleet, Inc. (NASDAQ: PWFL) announced the launch of its next-generation Pedestrian Proximity Detection solution. The artificial intelligence (AI)-powered safety system prevents accidents improves pedestrian safety and lowers the damage to material handling equipment (MHE) inside warehouses and manufacturing facilities. Such product launches are expected to aid the market in the forecast period.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Market Analysis by Technology, Type, Vehicle Type, Component Type, Distribution Channel, and Region:

• The market, on the basis of technology, can be divided into active pedestrian protection system and passive pedestrian protection system.

• Based on type, the market can be divided into automatic braking and collision avoidance, brake assist, external airbags, and pop-up bonnets.

• By vehicle type, the market can be classified into passenger cars, commercial vehicles, and electric vehicles.

• The market, on the basis of component type, can be segregated into sensors, actuators, control units, and cameras, among others.

• The distribution channels for automotive pedestrian protection system include OEM and aftermarket.

• The regional markets for automotive pedestrian protection system include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The rising importance of the safety and security of pedestrians is contributing to the increased incorporation of pedestrian protection systems in automobiles.

• The global market for automotive pedestrian protection system is being driven by the rising technological advancements aimed at improving the safety of vehicles.

• The introduction of favourable government initiatives for improving the safety of pedestrians is contributing to the growth of the global market.

• The rising cases of road accidents and injuries on a global scale are increasing the adoption of pedestrian protection systems in passenger and commercial vehicles.

Key Offerings of the Report:

• The EMR report gives an overview of the global automotive pedestrian protection system market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the technologies, types, vehicle types, component types, distribution channels, and major regions of automotive pedestrian protection system.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global automotive pedestrian protection system market are Continental AG, DENSO Corporation, Autoliv Inc., Mobileye Vision Technologies Ltd, Robert Bosch GmbH, and Nissan Motor Company Ltd, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us:

Expert Market Research
Website: www.expertmarketresearch.com
Email: [email protected]
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.