Pedestrian Protection System Market will value USD 29739.9 million by 2030 : GreyViews

Pedestrian Protection System Market Size by Type (Pressure-Based Pedestrian Protection System and Acceleration-Based Pedestrian Protection System), By Component (Control Unit, Cameras, Sensors, Actuator and Others), By Distribution Channel (Aftermarket and OEM) Regions, Segmentation, and forecast till 2030.

Pune India, Jan. 07, 2023 (GLOBE NEWSWIRE) — The market has been studied for the below mentioned-segmentation and regional analysis for North America, Europe, Asia, South America, and the Middle East and Africa. These are the key regions where the Pedestrian Protection System Market is operating and is predicted to expand soon. The manufacturers and suppliers involved in the Pedestrian Protection System Market are present across various countries in the above-mentioned regions.

Get Sample Copy of This Report @ https://greyviews.com/reports/pedestrian-protection-system-market/313/request-sample

The report provides a detailed understanding of the market segments which have been formed by combining different prospects such as the type, application, and regions. The key driving factors, restraints, potential growth opportunities and market challenges are also discussed in the paragraphs below.
The significant players operating in the global Pedestrian Protection System Market are Audi AG, AV Vo, Continental AG, Toyota Motor Corporation, Subaru Corporation, Magna International Inc., General Motors, DENSO CORPORATION, Valeo, Magneti Marelli SpA., Aptiv PLC, Robert Bosch GmbH, ZF Friedrichshafen AG, Nissan Motor Company Ltd, ZF among others. To achieve a substantial market share in the worldwide Pedestrian Protection System Market and strengthen their position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations, and partnerships, joint ventures.
Vehicles are equipped with pedestrian protection systems that use sensors, cameras, and a control unit to detect if pedestrians are in danger of colliding with the vehicle or not. Sensors in the pedestrian protection system are designed to detect pedestrian collisions and an airbag control unit is responsible for triggering the actuators that lift the engine hood in the event of an accident. The increasing cases of road accidents globally are boosting the growth of the market as consumers are becoming more aware of the benefits of having pedestrian protection systems installed in vehicles for the safety of drivers, passengers and pedestrians. Rising demand for high-end cars due to changing consumer preferences is fueling the growth of pedestrian protection systems. Bicyclists and other road users also benefit from systems with enhanced functions, which is why pedestrian protection-based solutions are widely adopted across the globe. There are some factors which are affecting the growth of the pedestrian protection system market such as costly installation, low efficiency in bad weather, and one-time use of external airbags add up to a high cost. In addition, continuous innovation in technology, and rising government initiatives are expected to propel market growth. Moreover, technological advancements in the automotive industry will present profitable opportunities for market participants during the forecast period.

Enquiry Before Buying This Report @ https://greyviews.com/inquiry/313

Scope of Pedestrian Protection System Market Report:

Report Metric Information
Study Period 2022-2030
Base Year           2022
Forecast Period 2023-2030
Market Share Unit USD Million
Segments Covered Type, Application, and Regions.
Regions Covered North America, Europe, Asia-Pacific, South America, and Middle-East and Africa
Major Players Audi AG, AV Vo, Continental AG, Toyota Motor Corporation, Subaru Corporation, Magna International Inc., General Motors, DENSO CORPORATION, Valeo, Magneti Marelli SpA., Aptiv PLC, Robert Bosch GmbH, ZF Friedrichshafen AG, Nissan Motor Company Ltd, ZF among others.

Segmentation Analysis

Passive pedestrian protection systems are expected to be the fastest-growing segment in 2022. 

The type segment includes passive pedestrian protection systems and active pedestrian protection systems. The passive pedestrian protection systems segment is expected to witness the highest growth rate during the forecast period A pedestrian collision will activate the external airbags and pop-up bonnets in a passive pedestrian protection system, due to which the passive pedestrian protection system segment accounts for a significant share in the growth of the market.

Sensors are expected to be the fastest-growing segment in 2022. 

The component segment includes the control unit, cameras, sensors, actuator and others. The sensors segment is expected to witness the highest growth rate during the forecast period. In a pedestrian detection system, advanced computer sensors around the vehicle detect people within its proximity. When someone is detected close by, the sensors automatically apply the emergency brakes to stop the car.

OEMs are expected to be the fastest-growing segment in 2022. 

The distribution channel segment includes aftermarket and OEM. The OEM segment is expected to witness the highest growth rate during the forecast period. In the pedestrian protection system market, OEMs hold a large share due to a large number of suppliers and manufacturers. In addition, the rapid growth in vehicle sales and production along with the increasing demand for maximum utility capacity is expected to fuel the development of pedestrian protection systems.

Regional Analysis           

The regional analysis provides a detailed perception of the key regions and the countries. Some of the key countries analyzed for pedestrian protection systems include the US, Canada, Mexico, Germany, France, the U.K., Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa, and Saudi Arabia.

The European region witnessed a major share. There are several prominent premium vehicle manufacturers in Europe, which gives the region a competitive edge over the other regions. Further, with the growing trend of cars offering advanced safety features, the automotive pedestrian protection system market is expected to grow strongly.

Country Analysis

  • Germany

Germany’s pedestrian protection system market size was valued at USD 1235.8 million in 2022 and is expected to reach USD 3728.06 million by 2030, at a CAGR of 14.8% from 2023 to 2030.
Pedestrian protection systems have been growing steadily as a result of government initiatives to reduce pedestrian fatalities on roads and the increase in automobile production in the country.

  • China

China’s pedestrian protection system market size was valued at USD 629.17 million in 2022 and is expected to reach USD 1871.7 million by 2030, at a CAGR of 14.6% from 2023 to 2030.
The market is expected to grow as a result of rapid urbanization in the country and an increase in awareness about pedestrian safety systems in vehicles as a way to reduce the chances of road accidents.

  • India

India’s pedestrian protection system market size was valued at USD 503.34 million in 2022 and is expected to reach USD 1508.06 million by 2030, at a CAGR of 14.7% from 2023 to 2030.
A growing middle-class population will lead to more automobile sales with advanced safety solutions due to an increase in disposable incomes, boosting the growth of the pedestrian protection system market in the country.
Covid-19 Impact
Covid-19 had a major impact on almost all industries, such as electronics, semiconductors, manufacturing, automobile, etc. However, several companies operating in the technology sector have seen increased revenue due to significant changes in consumer preferences toward technological services. In addition, the pandemic has led to significant growth in technology across developing and developed countries.

Furthermore, the growth of this market is mainly driven owing to the increasing need for vehicle tracking hardware and managing software has increased to keep essential supplies flowing.

Buy Now Full Report @ https://greyviews.com/checkout/313/single_user_license

Contact Us

Rocky Shah
GreyViews
Pune India
Phone: (+44) 162-237-1047
Email: [email protected]

Web: https://greyviews.com/

Follow Us: LinkedIn | Twitter

Browse Related Reports:

Autonomous Delivery Robots Market Size By Product (Semi-Autonomous Robots and Fully Autonomous Robots), By Application (Hospitality, Retail, Logistics, Healthcare, and Others), Regions, Segmentation, and Projection till 2030
https://greyviews.com/reports/autonomous-delivery-robots-market/362

Pedestrian Protection System Market Size by Type (Passive Pedestrian Protection System and Active Based Pedestrian Protection System), By Component (Control Unit, Cameras, Sensors, Actuator and Others), By Distribution Channel (Aftermarket and OEM) Regions, Segmentation, and Projection till 2030
https://greyviews.com/reports/pedestrian-protection-system-market/313

Automotive Skid Plate Market Size By Vehicle Type (ATVs, SUVs, Pickup Trucks, Adventure Motorcycles, and Military Vehicles), By Sales Channel (OEM and Aftermarket), Regions, Segmentation, and Projection till 2030
https://greyviews.com/reports/automotive-skid-plate-market/298

Automotive Filter Paper Market Size By Application (Fuel Filter Paper, Air Filter Paper and Oil Filter Paper), By Material (Synthetic Fiber, Cellulose Fiber and Others), By Vehicle Type (HCV, LCV and Passenger Cars), Regions, Segmentation, and Projection till 2030
https://greyviews.com/reports/automotive-filter-paper-market/297

Automotive ABS and ESC Market Size By Technology (Electronic Stability Control, Three-Channel Antilock Braking System and Four-Channel Antilock Braking System), By Sales Channel (Aftermarket and OEM), By Vehicle Type (Heavy Commercial Vehicle, Compact Vehicle, Luxury Vehicle, Mid-Sized Vehicle, Premium Vehicle, and Commercial Vehicle), Regions, Segmentation, and Projection till 2030
https://greyviews.com/reports/automotive-abs-and-esc-market/296

Tyre Inflators Market Size By Type (24 V and 12 V), By Application (Repair Store, Household, and Automotive Manufacturers), Regions, Segmentation, and Projection till 2030
https://greyviews.com/reports/tyre-inflators-market/286

Automotive Tensioner Market Size By Product Type (Idler Pulley and Automatic Belt Tensioner), By Vehicle Type (Commercial Vehicle, and Passenger Vehicle), Regions, Segmentation, and Projection till 2030
https://greyviews.com/reports/automotive-tensioner-market/285

Automotive Microcontrollers Market Size by Vehicle Type (Electric Vehicle Types, Passenger Cars and Commercial Vehicles), By Application (Infotainment & Telematics, Powertrains & Chassis, Body Electronics and Safety & Security Systems), By Technology (Blind Spot Detection, Park Assist System, Tire Pressure Monitoring System and Adaptive Cruise Control), Regions, Segmentation, and Projection till 2030
https://greyviews.com/reports/automotive-microcontrollers-market/284

Valve Cover Gasket Market Size By Type (Cork Valve Cover Gasket, Liquid Gaskets, Formed Rubber Gaskets, Thermostat Gasket, Aircraft Gaskets, and Aluminium Gaskets), By Application (Commercial Vehicle, Light Commercial Vehicle, and Passenger Vehicle), Regions, Segmentation, and Projection till 2030
https://greyviews.com/reports/valve-cover-gasket-market/283

Boat Wiring Harness Market Size by Distribution Channel (Aftermarket and OEM), By Application (Gasoline Boats, Hybrid Boats and Electric Boats), Regions, Segmentation, and Projection till 2030
https://greyviews.com/reports/boat-wiring-harness-market/278

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Mango Bunch takes no editorial responsibility for the same.