As per study, “Automotive Pedestrian Protection System Market Information by Technology (Active Safety, Passive Safety), Type (Automatic Braking and Collision Avoidance, Brake Assist, External Airbags, Pop-up Bonnets), Components, and Vehicle Types-Forecast till 2024” the key companies operating in the global automotive pedestrian protection system market are Robert Bosch GmbH, Continental AG, Aptiv PLC, Autoliv Inc, Magna International Inc, Denso Corporation, WABCO Holdings Inc., Mercedes Benz, ZFFriedrichshafen AG, Delphi Technologies, WABCO Holdings Inc., BMW AG, Mobileye, Hitachi Automotive, Subaru Corporation, Audi, Nissan Motor Company Ltd, Valeo S.A, Toyota, Honda Motor Company Ltd., Ford Motor Company, Clarion, AB Volvo, General Motors. The Key manufacturers are strongly focusing on the exploitation of detection system in the cars for reducing the pedestrian accidents &ensure the user or car safety.
Pedestrian protection system or PPS is a device fitted over in the front end of a vehicle to protect both cyclists and pedestrians. PPS has sensors that are designed for detecting collisions with pedestrians and an airbag control unit that is accomplished of triggering the actuators for lifting the engine hood. When the device is activated, the rear section of the bonnet gets raised and driver receives an automatic alarm. Systems for instance popup hood & speed airbags, and flexible air tubes are used for pedestrian safety during the time of sudden accidents.
Based on type, global automotive pedestrian protection system market is segmented into automatic braking & collision avoidance, external airbags, brake assist and pop-up bonnets. Based on component type, market is segmented into sensors, control unit, actuators, cameras and others. Based on vehicle type, market is segmented into Internal Combustion Engine (ICE) vehicles, hybrid vehicles and electric vehicles. Based on technology, market is segmented into passive pedestrian protection system and active pedestrian protection system. Additionally, based on distribution channel, market is segmented into aftermarket and OEM.
The automotive pedestrian protection system market is driven by rise in number of road accidents, followed by increase in demand for improved visibility & safety features in vehicles, increase in use of synthetic or computer vision systems on pedestrian protection systems, stringent government regulations, rise in disposable income and high adoption rate of advanced emergency braking & collision control system. However, lower efficiency in bad weather conditions and high integration & maintenance cost may impact the market. In addition, rise in passenger & luxury vehicles registrations and increase in automotive safety norms are key opportunities for market.
Based on geography, the European region holds major share in automotive pedestrian protection system market owing to increase in technological developments in the region. The North-America and Asian-Pacific regions are also expected to witness higher growth rate due to stringent government regulations coupled with urbanization and economic growth over the forecast period. It is anticipated that market will be increase at a rapid pace on an account of increase in awareness towards people safety over the forecast period.
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Ankur Gupta, Head Marketing & Communications