The global automotive pedestrian protection system (PPS) market is critical to automotive safety technologies. PPS is designed to mitigate the severity of collisions involving pedestrians, employing a range of sensors and systems to detect and respond to potential accidents. These systems often include automatic braking, collision avoidance, and pedestrian detection. Automotive manufacturers prioritize integrating advanced safety technologies, addressing concerns for pedestrian safety.
Data Bridge Market Research shows that the Global Automotive Pedestrian Protection System Market was USD 8,792.09 million in 2021 and is expected to reach USD 2,5792.92 million by 2029, registering a CAGR of 14.40% during the forecast period of 2022-2029.
"Increase in road traffic injury drive the market growth"
The surge in road traffic injuries serves as a significant driver for the growth of the automotive pedestrian protection system (PPS) market. With road accidents ranking as the primary cause of mortality among individuals aged 15 to 29, according to the World Health Organization (WHO), there's an urgent need for effective safety measures. The implementation of PPS addresses this concern, aiming to mitigate the severity of pedestrian-involved accidents and reduce road traffic injuries globally.
What restraints the growth of the global automotive pedestrian protection system market?
" High cost hamper the market growth"
The automotive pedestrian protection system (PPS) market faces hindrances due to the elevated costs of installing intricate applications such as highly precise collision avoidance sensors and vehicle external airbags. The financial burden of these advanced safety features poses a significant obstacle, limiting widespread adoption. This cost barrier hampers market growth, as manufacturers and consumers may be reluctant to invest in such technologies, impeding the seamless integration of comprehensive pedestrian protection systems.
Segmentation: Global Automotive Pedestrian Protection System Market
The global automotive pedestrian protection system market is segmented on the basis of type, vehicle type, component, technology, and distribution channel.
- On the basis of type, the global automotive pedestrian protection system market is segmented into automatic braking and collision avoidance, brake assist, external airbags, and pop-up bonnets
- On the basis of vehicle type, the global automotive pedestrian protection system market is segmented into (internal combustion engine (ICE) vehicles, electric vehicles, and hybrid vehicles
- On the basis of component, the global automotive pedestrian protection system market is segmented into sensor, actuator, control unit, cameras, and others
- On the basis of technology, the global automotive pedestrian protection system market is segmented into active pedestrian protection system, and passive pedestrian protection system
- On the basis of distribution channel, the global automotive pedestrian protection system market is segmented into OEM, and aftermarket
Regional Insights: Europe dominates the Global Automotive Pedestrian Protection System Market
Europe dominates the global automotive pedestrian protection system (PPS) market, driven by heightened consumer preference for vehicles prioritizing elevated safety standards within the region. The emphasis on vehicle safety and a discerning consumer base contribute to the widespread adoption of advanced PPS technologies. Europe consumers' strong inclination toward vehicles with robust safety features positions the region as a key player in the global market, with sustained dominance expected in the foreseeable future.
Asia-Pacific is expected to dominate the global automotive pedestrian protection system market, exhibiting substantial growth from 2022 to 2029. This dominance is attributed to a growing number of vehicle manufacturers and a heightened demand for electric vehicles in the region. As the automotive landscape in Asia-Pacific evolves, the increased focus on pedestrian safety and the shift toward electric mobility contribute significantly to the anticipated growth in the forecast period.
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The Prominent Key Players Operating in the Global Automotive Pedestrian Protection System Market Include:
- Robert Bosch GmbH (Germany)
- Subaru Corporation (Japan)
- Aptiv PLC (Ireland)
- Daimler AG (Germany)
- Audi AG (Germany)
- General Motors (U.S.)
- Continental AG (Germany)
- Autoliv Inc (Sweden)
- Toyota Motor Corporation (Japan)
- DENSO CORPORATION (Japan)
- Magna International Inc (Canada)
- Magneti Marelli SpA. (Italy)
- ZF Friedrichshafen AG (Germany)
- Mobileye (Jerusalem)
- WABCO Holdings, Inc (France)
- Valeo (France)
- Nissan Motor Company Ltd (Japan)
- AB Volvo (Sweden)
Above are the key players covered in the report, to know about more and exhaustive list of lip care packaging market companies, contact: https://www.databridgemarketresearch.com/contact
Research Methodology: Global Automotive Pedestrian Protection System Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
