Automotive Pedestrian Protection System Market Growth Analysis | 2023-2028

Market Insights

The automotive pedestrian protection system market was estimated at USD 1.86 billion in 2022 and is likely to grow at a CAGR of 10.08% during 2023-2028 to reach USD 3.33 billion in 2028.

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What are automotive pedestrian protection systems?

Automotive pedestrian protection systems are basically used to protect pedestrians from accidental collisions between them and vehicles and consist of various sensors which are designed for detecting pedestrians and then activating the pedestrian protection system.

Key Players

Some of the key players in the market are-

• Audi AG
• Autoliv Inc.
• Bayerische Motoren Werke AG
• Continental AG
• Daimler AG
• Denso Corporation
• General Motors Company
• Honda Motor Co., Ltd.
• Magneti Marelli S.p.A.
• The Ford Motor Company

Market Dynamics

The growing number of vehicles leading to increasing accidental collisions between vehicles and pedestrians and the need to ensure the safety of both vehicles and human lives are the major factors fueling product demand in the market during the forecast period.

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Segments Analysis

By Product Type

Based on the product type, the market is segmented as active systems and passive systems. The active system is projected to register a stronger growth rate in the market owing to enhancements made for detecting obstacles, driver warning & information conveyance, collision avoidance, and integration of detection technologies with steering control during the forecast period. Moreover, challenges faced while designing external passive systems for large commercial vehicles is further expected to boost the segment’s growth over the forecast period.

By Vehicle Type

Based on the vehicle type, the market is segmented as passenger cars, commercial vehicles, and electric & hybrid vehicles. Electric & Hybrid vehicle is projected to witness significant growth rate in the market owing to the increasing requirement to minimize automotive emissions and enhance vehicle performance, and overall safety of the vehicle during the forecast period.

By Distribution Channel Type

Based on the distribution channel type, the market is segmented as OEM and aftermarket. OEM is estimated to be the dominating segment of the market owing to the growing automotive production coupled with the need for capacity utilization for maximum gains, boosting the overall industry growth during the forecast period.

Regional Insights

In terms of regions, Europe is estimated to account for the largest share of the market, in terms of volume, owing to the high consumer inclination towards vehicles that offer high safety levels and various technological enhancements in vehicles made by the industry players during the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market. 

The market is segmented into the following categories.

By Product Type

• Active System
• Passive System

By Vehicle Type

• Passenger Cars
• Commercial Vehicles
• Electric & Hybrid Vehicles

By Distribution Channel Type

• OEM
• Aftermarket

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the vehicle types by distribution channel type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.