Global Automotive Pedestrian Protection Systems Market to Surpass US$ 4.99 Billion by 2025
The Automotive Pedestrian Protection Systems Market was valued at US$ 992.8 Mn in 2016 and is expected to increase to US$ 4,994.0 Mn by 2025, registering a CAGR of 19.95% over the forecast period, according to Automotive Pedestrian Protection Systems Market Report, by Technology (Active Pedestrian Protection System and Passive Pedestrian Protection System), by Vehicle Type (Passenger Cars (ICE Vehicles), Commercial Vehicles (ICE Vehicles) and Electric & Hybrid Vehicles), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) published by Coherent Market Insights.
Automotive pedestrian protection system (PPS) is a system used to decrease a pedestrian’s crash with the car. In case of frontal collisions with pedestrians, sensors in front of the vehicle activates the PPS. The complete section of PPS consists of several technologies such as automatic braking and collision avoidance, advanced driver assistance systems, brake assist, driver caution, external airbags, and pop-up bonnets.
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Increasing demand for advanced safety, comfort, and convenience systems, and increasing number of road accidents are expected to fuel growth of the market. Stringency of the regulatory bodies towards reducing the carbon footprint and enhancing existing efficiency of the fuel, and emissions are also fueling the market growth. For instance, Corporate Average Fuel Economy (CAFÉ) Standards in the U.S. is propagating adoption of energy efficient automotive by formulating regulations for reduction of petroleum consumption by enhancing the utilization of alternative fuel vehicles such as hybrid vehicles. It is also focused on reducing greenhouse gas emissions and promoting development of innovative technologies to increase reliance on renewable and conservation of energy sources.
This in turn creates a highly conducive environment for growth of the global automotive PPS market. The government regulation for mandatory installation of autonomous emergency braking system in vehicles have also accelerated the market growth. Autonomous emergency braking systems are deployed in advanced collision avoidance systems. For instance, in 2016, the U.S. Department of Transportation’s National Highway Traffic Safety Administration officially announced that automakers in the U.S. have to include the autonomous emergency braking system as a standard feature for all cars and trucks by 2022. Autonomous emergency braking system automatically applies the brakes in order to prevent a collision. The system applies either partial or full braking force according to alerts detected by sensors.
Increasing adoption of pedestrian safety and protection airbags is major driver for growth of the global automotive pedestrian protection systems market. The airbag deployment technology used in active front panel systems enables the truck to act as a cow-catcher and prevent pedestrians from being pulled under the truck. Also, as the front panel of the truck is pushed out, it creates a clearance between the front panel, the grille, and other rigid structures nearby.
The major factor expected to restrain global automotive pedestrian protection systems market growth is the limited functionality of sensors. The functioning of pedestrian safety systems depends on sensors, microcontrollers, and semiconductors. First, sensors are responsible for detecting the information and conveying it to an Electronic Control Unit (ECU). Then, the ECU processes the data through an algorithm and helps in assisting the driver by protecting pedestrian. However, these sensors have limited functions, which is reduces its dependability, which is hindering global market growth.
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