Automotive Pedestrian Protection System Market
Automotive Pedestrian Protection System Market size is valued at US$ 2.0 Bn in 2017 and expected to grow at a CAGR of 11.2% in the forecasting period. Increasing number of vehicles has in turn led to increase in the accidental collisions between vehicles and pedestrians. Requirement to ensure the safety of the vehicles and the human lives are expected to be among the prominent factors fuelling the automotive pedestrian protection system market share over the forecast timeframe.
Several car assessment programs such as Australasian NCAP, C-NCAP, JNCAP, KNCAP, Latin NCAP, ASEAN NCAP, Euro NCAP and Canadian NCAP are developed to ensure vehicle safety. High safety ratings by these associations aids the OEMs in gaining higher consumer inclination towards their vehicles. Models integrated with obstacle detection and emergency braking systems help the OEMs secure high safety ratings, in turn positively influencing the consumer motivation for the automotive pedestrian protection system. This will present favourable growth landscape for the automotive pedestrian protection system market share.
automotive pedestrian protection system market
The automotive pedestrian protection system market is segmented based on product, vehicle, distribution channel and geography. By product segment, the market is segmented into active and passive. By vehicle, the automotive pedestrian protection system market is segmented as passenger cars, commercial vehicles, electric & hybrid vehicles. By distribution channel, the market is segmented as OEM and aftermarket. OEM is the major segment where the automotive pedestrian protection system is highly demanded and thus, it is expected to hold major market share in the forecast period. Growth in automotive production along with the requirement of capacity utilization for maximum gains will fuel the industry growth for automotive pedestrian protection system. Furthermore, the vehicle manufactures are securing product patents in advanced safety assistance technologies.
Geographically, the automotive pedestrian protection system market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Europe held the highest market share in 2017 and is expected have higher growth rate in the forecast period for automotive pedestrian protection system. High regional penetration can be attributed to the high consumer inclination towards vehicles offering high safety levels. Moreover, major automotive industry participants that have established strong industrial presence such as Robert Bosch, Continental, Volkswagen, Daimler, have made several technological advancements in the industry space. These factors are expected to provide strong growth prospects through the forecast period.
Key player across the Automotive Pedestrian Protection System industry are Audi AG, Autoliv Inc., Continental AG, Daimler AG, Denso Corporation, General Motors, Magneti Marelli SpA., Mobileye N.V., Nissan Motor Corporation, Robert Bosch GmbH, Subaru Corporation, Toyota Motor Corporation, Valeo, Volvo Car Corporation and ZF Friedrichshafen AG. Manufacturers are strongly focussing on the deployment of detection system in the cars for reducing the pedestrian accidents and ensure the user and car safety. Moreover, introduction of advanced product lines with better performance parameters is expected to be among the major trends expected to gain market traction through the forecast period for automotive pedestrian protection system. For instance, in 2013, Volvo introduced Volvo V40 model with an external airbag to enhance the human life safety in the event of frontal collision. Automotive Pedestrian Protection System Market Scope
Automotive Pedestrian Protection System Market, By Product
• Active • Passive Automotive Pedestrian Protection System Market, By Vehicle
• Passenger Cars • Commercial Vehicles • Electric & Hybrid Vehicles Automotive Pedestrian Protection System Market, By Distribution Channel
• OEM • Aftermarket Automotive Pedestrian Protection System Market, By Geography
• North America • Europe • Asia-Pacific • Middle East & Africa • Latin America Key Players operating in the Automotive Pedestrian Protection System Market :
• Audi AG • Autoliv Inc. • Continental AG • Daimler AG • Denso Corporation • General Motors • Magneti Marelli SpA. • Mobileye N.V. • Nissan Motor Corporation • Robert Bosch GmbH • Subaru Corporation • Toyota Motor Corporation • Valeo • Volvo Car Corporation • ZF Friedrichshafen AG
Maximize Market Research, a global market research firm with the dedicated team of specialists and data has carried out extensive research about the current Automotive Pedestrian Protection System market outlook. The report encompasses the Automotive Pedestrian Protection System market by different segments and region, providing the in-depth analysis of the overall industry ecosystem, useful for making the informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Automotive Pedestrian Protection System market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Automotive Pedestrian Protection System market positioning of competitors.
About the Author
Maximize Market Research, a global market research firm with the dedicated team of specialists and data has carried out extensive research about the current Automotive Pedestrian Protection System market outlook. The report encompasses the Automotive Pedestrian Protection System market by different segments and region, providing the in-depth analysis of the overall industry ecosystem, useful for making the informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Automotive Pedestrian Protection System market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Automotive Pedestrian Protection System market positioning of competitors.
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