ID: MRFR/AM/4493-CR | February 2020 | Region: Global | 100 pages
The number of pedestrians losing live in road accident remains significant despite the increased realization of the magnitude of the problem. In terms of solutions that are currently available, the gap is yet to be bridged, which also indicates towards a massive untapped market. While many of the players operating in the automotive sector have increased their focus on developing effective pedestrian protection systems, others are likely to follow soon. The current global market size of automotive pedestrian protection system is valued at over USD 900 Mn. The market is projected to exhibit a compound annual growth rate of 9% during the assessment period (2018-2023). New systems are being introduces by developers, which is enabling them to better compete in the market. At the same time, emphasis is being placed on redesigning automotive parts such as hood (bonnet), windshield, pillar, and bumper to make them more energy absorbing (softer) without compromising the structural integrity of the car.
This MRFR market perspective delivers a detailed commentary on the global market for automotive pedestrian protection system. It also sheds light on the current market trends as well as gives a viewpoint on the historical growth pattern of the market and its prospects over 2023. The scope of the research also covers the two major automotive pedestrian protection systems (active pedestrian protection system and passive pedestrian protection system). Market sizing also includes revenue analysis based on sensor, actuator, control unit, cameras and others. The different types of automotive PPS mentioned in the research document include automatic braking and collision avoidance, brake assist, external airbags and pop-up bonnets. Market assessment was also made on the basis of the different vehicle types (internal combustion engine (ICE) vehicles, electric vehicles and hybrid vehicles).
Value, Market Share, Player Analysis, country level break down for each segment
Robert Bosch GmbH, Aptiv PLC, Continental AG, Autoliv Inc, DENSO, Magna International Inc, ZF, Mobileye, WABCO Holdings, Inc, Valeo, Nissan Motor Company Ltd, AB Volvo, Subaru Corporation.
The report offers insights on the leading market players and evaluates their current market share. Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives is also available in the report.
Market Research Future (MRFR) leverages its in-house network of expert analysts who, with the help of robust algorithms and fail-safes methodologies derive reliable and insightful market forecast. The market facts presented in our reports are backed by primary and secondary research inputs, which include interviews with industry opinion holders, questionnaires, surveys, SEC filings, whitepaper references, and, annual reports published. Top-down and bottom-up approaches are employed to ensure the credibility of the market foresight. Our analysts evaluate every microeconomic and macroeconomic factor associated with the market for a reliable assessment of the changing trends. A multi-layer verification process validates the authenticity of our research findings. MRFR strives to reveal market opportunities and threats for enabling our clients to devise their next growth strategy.
For the scope of the research, MRFR’s report offers a comprehensive segmental analysis of the global market for automotive pedestrian protection system
By Component Type
By Vehicle Type
|Market Size||2023: USD 2,143.3 Million|
|CAGR||11.80% CAGR (2020-2027)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Technology, By Application, By Vehicle type, By End Market,|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Robert Bosch GmbH, Aptiv PLC, Continental AG, Autoliv Inc, DENSO, Magna International Inc, ZF, Mobileye, WABCO Holdings, Inc, Valeo, Nissan Motor Company Ltd, AB Volvo, Subaru Corporation.|
|Key Market Opportunities||Stringent laws|
|Key Market Drivers||Growing sales of automobiles|
Frequently Asked Questions (FAQ) :
Magna International Inc., Autoliv Inc., and Nissan Motor Company are restructuring the overall market.
A CAGR of 11.80 % is predicted to be witnessed in the market?
sensors, radar systems, external airbags, cameras, and pop-up bonnets are the product solutions existing in the market.
The North American region is foreseen, holding a major share of the overall market.
The surge in vehicular traffic is estimated to lift the market in the approaching period.
The segments in the market are technology, type, vehicle type, component type, and region.
By 2023, the earnings worth USD 2,143.3 Mn are estimated to be achieved by the market.
The global automotive pedestrian protection system (PPS) market is expected to grow at a CAGR of 11.80% during the forecast period of 2016 to 2023. With more cars on the road than ever before, there has also been a recorded increase in accidents which has increased the demand for appropriate safety mechanisms. Valued at USD 994.16 Mn in 2017, the PPS market is set to reach an estimated evaluation of USD 2,143.3 Mn by the end of 2023.
The growing sales of automobiles have consequently led to increased vehicular traffic which has escalated the number of road accidents that occur, thus garnering the attention of the government and associated road safety authorities. Subsequently, governments of developed economies across the globe have recognized the risk to pedestrians and have implemented stringent laws that are aimed at protecting pedestrians. For instance, drivers involved in an accident with a pedestrian are heavily penalized, and strong legal action is taken corresponding to the severity of the injury or in the case of a fatality. Insurance premiums increase, and on a case by case basis licenses may be revoked in order to compel drivers to heed road safety rules, thus driving the demand for PPS solutions. Notably, governments are highly supportive of PPS systems and are encouraging of research activities undertaken to improve existing pedestrian protection systems.
At present, there are various PPS solutions available such as external airbags, sensors, cameras, radar systems and pop-up bonnets. However, the cost in manufacturing and installation is considerable as these systems must be designed and custom made according to the specific automobile model involved. Moreover, these systems have limitations regarding sensing, understanding and processing data from the environment which can cause system failure that could lead to hazardous outcomes. The complex nature of these systems demands high investments in research and development activities, which are being conducted by market players. Additionally, there is a wide scope of use for PPS in emerging economies. The chaotic nature of traffic conditions in regions such as the Asia-Pacific have raised the awareness and need for safeguarding pedestrians; this provides the market expansion opportunities in the region in the coming years.
The global automotive pedestrian protection system market is segmented on the basis of technology, component type, type, vehicle type, and region. By technology, the market is segmented into an active pedestrian protection system and passive pedestrian protection system. The passive PPS segment accounts for the largest share of the total market and is expected to grow at the highest CAGR during the forecast period due to a preference for the way this system functions, it activated when the collision or impact occurs and works with the aim to minimize damage and risk of fatalities.
By component type, the market is segmented into sensor, actuator, control unit, cameras, and others. The sensor segment dominates the market with the largest share due to its extensive use in automobiles to assist in detecting pedestrians, even in blind spots and alerting the driver.
By type, the market is segmented into automatic braking & collision avoidance, brake assist, external airbags, and pop-up bonnets. The automatic braking and collision avoidance system accounts for nearly a third of the total market share. The segment is expected to witness the fastest growth due to the presence of several manufacturers who offer a wide variety of options.
By vehicle type, the market is segmented into internal combustion engines (ICE) vehicles, electric vehicles, hybrid vehicles. ICE vehicles account for the largest segment of the market with a 41.56% share. This segments market size is owing to its popularity in terms of production and sales and is fuel-based.
North America, accounts for the largest segment and is closely followed by Europe. The availability of high disposable incomes in these regions translates to a majority population owning cars and other automotive vehicles, particularly in North America. The stringent rules and laws in the region regarding pedestrian safety and the presence of a significant automotive industry in the U.S has led to the high demand for PPS.
The Asia-Pacific is a rapidly growing region in the global market and is expected to achieve a CAGR of 12.28% during the forecast period. Urbanization and rising disposable incomes have led to the increased purchase of automotive vehicles in the region. However, the chaotic traffic scenario in these regions is highly hazardous to pedestrians thus driving the need for effective PSS solutions. Moreover, there are several important market players in the region who are actively involved in research of advanced PPS solutions. The automotive manufacturing hub that the region has become over the years is expected to drive huge demand for PPS solutions during the forecast period.
Notable market players participating in the global automotive PPS market include Robert Bosch GmbH, Continental AG, Denso Corporation and Aptiv PLC. Other players include Autoliv Inc., Magna International Inc., Nissan Motor Company and Subaru Corporation among others. These market players are involved in extensive R&D activities and assist in furthering market growth with new product launches through innovation.
Global Automotive Pedestrian Protection System Market: Competitive Landscape
Robert Bosch GmbH (Germany), Aptiv PLC (U.K.), Continental AG (Germany), and Denso Corporation (Japan) are the some major players operating in the global automotive pedestrian protection system market in 2017. Easy Motion USA holds the largest share among top five players with a share of 10.50% as of 2017 followed by NYCeWheels and Derby Cycle with the respective shares of 7.98% and 7.50%. These companies continue to retain their strong global presence through expansion, merger & acquisition, partnership & collaboration, and extensive product portfolio.
Robert Bosch GmbH is a global conglomerate providing technologies and services, across the globe, including mobility solutions, industrial technology, consumer goods, and energy and building technology segments. The mobility solutions segment offers gasoline & diesel systems, chassis systems control products, electrical drives, car multimedia products, automotive electronics, and automotive aftermarket, steering products and others. It is working on electrifying commercial and off-highway vehicles, while expanding truck automation from emergency braking to include safer turning, lane-changing, and maneuvering, while introducing fleet communication systems to enable "platooning", or automated driving of trucks in convoys. In August 2017, Bosch launched new driver assistance systems for more safety of pedestrians and cyclists with the use of predictive emergency braking.
Aptiv PLC is a global provider of products related to electrical and electronic active safety technology solutions to the global automotive and commercial vehicle markets. It has more than a hundred major manufacturing facilities and fifteen major technical centres, across the globe. Aptiv is a distinguished player, in terms of continuous innovation in the field of automotive safety and technology development. In the field of Passive Safety, they have close to two decades of industrial experience, including their year of expertise in seatbelts and airbags. The company further plans to use its core competency of automotive component manufacturing and developing autonomous mobility solutions. The company, thus focuses primarily on innovation in the upcoming years to compete and undertake product development with ease. In July 2018, Aptiv had been developing the autonomous driving technology with its years of experience in the active safety system whose ultimate objective is to make mobility safer and smoother.
Continental (AG) comprises more than five hundred companies, including non-controlled companies. Continental AG is located in 61 countries. The corporation is divided into the Automotive Group and Rubber Group. A division or business unit is classified according to products, product groups and services. Its automotive group, which is called Continental Automotive World is Continental's largest segment that manufactures brake and traction control systems, passive safety products, sensors, and chassis and powertrain products. Continental AG is focusing on various strategic dimensions for sustainably enhancing the value of the corporation. Furthermore, it is focused on long-term value creation; higher regional sales; achievement of top market position among the three leading suppliers, and high degree of localization. In April 2015, passive safety system from Continental called pedestrian protection system pressure SATellite, (PPS pSAT) was used in making the hybrid sports cars more environment-friendly and safer for plying on roads.
DENSO is a market provider of cutting-edge automotive technology, automobile systems, and components for all major global automobile manufacturers. DENSO is a part of the Toyota Group of companies. Majority business for the Toyota group is obtained from major car manufacturers in the U.S., Europe, and Japan, which operate under the Denso Corporation, accounting for more than half of the revenue for the Toyota Group. The company has strong presence in the automotive technology and they plan to strengthen its position by developing new markets. The company plans to pour capital in a research and development facility that will dedicatedly function for the future technology development. In December 2016, Denso Corporation developed in-vehicle sensors able to detect pedestrians at night, thus furthering their commitment towards the pedestrian safety technology.
The growth of the market vendors is dependent on market conditions, government support, and industry development. Players focus on strengthening their presence worldwide through partnership & collaboration followed by mergers & acquisitions during the forecast period. These strategies are widely adopted to increase their presence and the customer base. The competitive environment in the market is likely to intensify further due to the increase in new product developments and business expansions.