Pedestrian Protection System Market: Introduction: A pedestrian protection system uses sensors, cameras, and a control unit to detect whether the vehicle is about to collide with the pedestrians. The pedestrian protection system was in the research and development before being incorporated in cars and luxury vehicles. Currently, it is getting deployed in vehicles after clearing all the regulation tests.
The major advantage of deploying a pedestrian protection system is that it offers a more comfortable zone for pedestrians, and reduces loss of lives as well as risk of injury. In 2005, Jaguar was the first company to design a pedestrian protection system. Automotive manufactures and technology providers are keen on creating a new safety solution that will fulfill all legal requirements and ensure pedestrian protection.
Technology providers are investing in research and development to make vehicles comfortable, safe, and economical. Technological advancements play a significant role in the creation of pedestrian protection systems that have the potential to reduce injuries and save lives. The level of reliability in the technology will affect the adoption rate of pedestrian protection systems.
Pedestrian Protection System Market: Market Dynamics: Mergers, acquisitions, and collaborations of vehicle manufacturers with automotive solution providers will affect the market. Nowadays, technology providers are concentrating on gaining a market presence by developing automotive safety solutions. Though the pedestrian protection system can help to reduce the damage of the lives, the over-reliance on technology by the drivers may negatively impact the growth of the market.
The increasing awareness of the people towards safety will boost the demand for pedestrian protection systems. It also results in growing number of patents from automotive manufacturers as well as automotive technology providers. High initial installation cost as well as service costs associated with pedestrian protection systems can act as a restraint in this market. Moreover, rising prices of vehicles along with the high costs incurred in designing and testing are also estimated to hinder the growth of the pedestrian protection system market in the future.
Pedestrian Protection System Market: Market Segmentation: The global pedestrian protection system market can be segmented into type, vehicle type, and sales channel. On the basis of type, the global pedestrian protection system market can be segmented into: Acceleration-based pedestrian protection system, Pressure-based pedestrian protection system; On the basis of vehicle type, the global pedestrian protection system market can be segmented into: Electric cars, Hybrid cars, Petrol and diesel cars; On the basis of sales channel, the global pedestrian protection system market can be segmented into: OEM, After Market
Pedestrian Protection System Market: Regional Outlook: The growing number of patents in countries such as, the US, the UK, Germany, Japan and France, are one of the key driving factors for the growth of the global pedestrian protection system market. In US, the government is creating rules and regulations such as the pedestrian safety enhancement act to increase the safety and promote the deployment of pedestrian protection systems.
Currently, the North American and Western European countries are having a linear growth trend whereas at the end of the forecast the Asian countries such as, China, India, Indonesia, and Malaysia, will have a similar trend. Increasing disposable incomes of the middle class population in Asian countries will result in the increasing number of automotive sales with advanced safety solutions.
The governments in the developing economies will play a significant role in enhancing the deployment of pedestrian protection system. Among the Asian countries, Japan and South Korea will pose a significant growth trend over the forecast period, similar to the western countries. Latin America, Middle East, and Africa are projected to increase the demand for automotive, owing to increasing urbanization and economic growth, which in turn, will accelerate the growth of the pedestrian protection system market in the forecast period.
Pedestrian Protection System Market: Key Market Participants: Some of the key market participants in the global pedestrian protection system market are: Autoliv Inc., Bentley Motors, Continental AG, Delphi Technologies, General Motors, JAGUAR LAND ROVER LIMITED, Magna International Inc., Mobileye, Robert Bosch GmbH, SUBARU CORPORATION, ZF Friedrichshafen AG
Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-8073