Automotive Pedestrian Protection System Market Size

Automotive Pedestrian Protection System Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The current market size of the Pedestrian Protection System market is estimated to be $900.0 million in 2023 and is expected to grow to $22,200.0 million by 2032. This growth will be at a CAGR of 13.5% for the forecast period. The rising awareness of vehicle safety and the rising number of pedestrian accidents are the two main factors driving the growth of this market. This awareness is rising in tandem with stricter government regulations. Artificial intelligence and machine learning in the Pedestrian Detection System are also expected to drive the growth of the market. Also, innovations in sensors, such as radar and camera systems, are making these safety features more effective. The major players in this market, such as Continental AG, Robert Bosch, and Mobileye, are investing heavily in research and development to develop advanced safety features. Strategic initiatives, such as strategic alliances and acquisitions, are also reshaping the market to make it more responsive to the needs of the market.

Regional Market Size

Regional Deep Dive

The market for pedestrian protection systems for automobiles is experiencing a steady growth across the globe, owing to the increasing awareness about pedestrian safety, technological advancements and stricter safety regulations. In North America, the market is primarily driven by the strict regulations and the increasing demand for advanced driver assistance systems (ADAS). Europe is characterized by the high regulatory requirements and the growing focus on sustainable mobility. In Asia-Pacific, rapid urbanization and rising vehicle production have increased the focus on pedestrian safety. The Middle East and Africa (MEA) region is adopting the systems gradually, owing to the rising vehicle ownership and safety concerns. The market in Latin America is beginning to realize the importance of pedestrian protection, owing to the rising number of road accidents.

North America

• The National Highway Traffic Safety Administration has established new regulations requiring automobiles to be equipped with pedestrian detection systems, which have greatly influenced the car manufacturers.
• The major car manufacturers like Ford and General Motors are investing a great deal in the development of pedestrian protection systems. They are concentrating on new technology such as emergency braking and the use of sensors.
• Among the smart city projects gaining momentum in cities, the integration of traffic management systems and the pedestrian’s safety are becoming the subject of joint efforts between automobile manufacturers and the local governments.

Europe

• A new law in Europe requires all new vehicles to be equipped with pedestrian protection systems by 2022. This has forced the car makers to develop these systems.
• Pedestrians are a new challenge for companies like Volvo and BMW, which are developing more advanced pedestrian detection systems with the help of artificial intelligence and machine learning.
• European attitudes to road safety and the high volume of pedestrian traffic in cities are encouraging the greater use of pedestrian protection systems and influencing the dynamics of the market.

Asia-Pacific

• In China and India, the rapid urbanization is accompanied by the increase in car production and the increase in traffic accidents, which in turn has led to the stricter safety regulations.
• Japanese automobile companies, like Honda and Toyota, are pioneering in this new field.
• The special economic conditions in the region, such as a growing middle class with more disposable income, are promoting the demand for cars with advanced safety features.

MEA

• The Gulf Cooperation Council countries have introduced new regulations relating to road safety, which include provisions for the protection of pedestrians. They are encouraging manufacturers to adopt appropriate modifications.
• The local automobile industry is now beginning to develop pedestrian safety technology in partnership with international companies. Pedestrian safety is a major concern of the local companies, as they have to meet the needs of the region’s roads and the specific conditions in the region.
• Pedestrian Protection System Market by Vehicle Type and by Region The Middle East and Africa region is expected to experience a rise in vehicle ownership and economic growth, and this will increase the awareness of road safety. This will lead to an increase in the demand for pedestrian protection systems.

Latin America

• Brazil and Mexico are beginning to adopt regulations which favour pedestrians. This has led to an increased interest on the part of the automobile manufacturers in developing protection devices.
• Local car manufacturers are forming alliances with technology companies to enhance their vehicles' pedestrian-sensing capabilities, as road safety concerns rise.
• The disproportionately high rate of traffic accidents in the region is putting pressure on governments to promote pedestrian safety initiatives, driving the market.

Did You Know?

“In the year 2020, the United States had already reached the point where pedestrian deaths constituted a full seventeen per cent of all road deaths. This clearly showed the necessity of introducing into motor cars the most advanced pedestrian protection systems.” — National Highway Traffic Safety Administration (NHTSA)

Segmental Market Size

The Pedestrian Protective System plays a vital role in enhancing the safety of vehicles and in reducing the risk of injury to pedestrians. It is a growing market that is driven by the growing awareness of road users and by stricter regulations that aim to improve road safety. The demand for Pedestrian Protective System is therefore on the rise.

The main growth drivers in this segment are the increasing frequency of pedestrian accidents and the development of new sensors such as LIDAR and camera systems which enhance the situational awareness of vehicles. The current stage of development of the APPS is characterized by the fact that the systems are being gradually introduced into vehicles, and companies such as Mercedes-Benz and Volvo are at the forefront of this development. Automatic braking and collision avoidance systems are the main applications. They are becoming increasingly common in urban traffic. The APPS market is also being driven by trends such as zero road fatalities and the development of zero-emission mobility. Moreover, the development of new systems is being driven by the development of artificial intelligence and machine learning, which are expected to make APPS more accurate and more responsive.

Future Outlook

The market for pedestrian protection systems for cars is set to grow strongly from 2023 to 2032. From a projected market of $900 million to $22 billion, the market is forecast to grow at a CAGR of 13.5%. The main reasons for this are the increasing number of regulations that are being imposed on pedestrian safety and the growing public awareness of the need for road safety technology. As urbanization accelerates and the number of vehicles on the road increases, the demand for advanced safety systems that reduce the risk of injury to pedestrians is expected to rise sharply, which will lead to a higher penetration of these systems in new vehicles.

A major driving force is the integration of artificial intelligence and machine learning in pedestrian detection systems. These innovations make it possible for vehicles to react more appropriately to pedestrian movements, which in turn will reduce the accident rate. In addition, the emergence of electric and driverless vehicles is likely to speed up the adoption of pedestrian protection systems as manufacturers strive to meet stricter safety standards while improving the driving experience. Meanwhile, smart city initiatives and the introduction of vehicle-to-everything (V2X) communications will create a more connected and safer urban mobility environment.