Protection system

Automotive Pedestrian Protection System Market: Europe Region Expected to Grow at a CAGR of 9.1% from 2018 to 2025

PORTLAND, ORAGON, USA, August 8, 2022 /EINPresswire.com/ — According to a recent report published by Allied Market Research, titled “Automotive Pedestrian Protection System Market By Type, Component Type, Distribution Channel, and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2018 – 2025, “The global Automotive Pedestrian Protection System market size was valued at 5,133.2 million in 2017 and is expected to reach $10,183.8 million by 2025, registering a CAGR of 9.1% from 2018 to 2025. The retractable hood segment was the largest contributor to the market, with 5,084 .5 million in 2017, and is expected to reach $10,040.1 million by 2025, at a CAGR of 9.0% during the forecast period.

At present, Europe dominates the market, followed by Asia-Pacific, North America and LAMEA. UK dominated the global automotive pedestrian protection systems market in 2017, while Russia is expected to grow at a significant rate in Europe over the forecast period.

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The growth in the number of traffic accidents, the high adoption rate of advanced emergency braking system and collision control system, as well as the increase in demand for improved visibility and safety features in vehicles are the major factors driving the growth of the Automotive Pedestrian Protection System industry. Additionally, shifting consumer preference to improve driving experience and increasing demand for premium cars are fueling the growth of the automotive pedestrian protection system market. Moreover, the technological steps taken by the pedestrian safety system giants for the development of safety devices are further boosting the growth of the market. The automotive pedestrian protection system market share is largely directly related to the advancement and expansion of collision avoidance system.

Automotive Pedestrian Protection System market analysis totally depends on the type and material used for its construction. In addition, automakers are focusing on system innovations based on pedestrian protection. Brand new cars in the UK are fitted with safety features such as the anti-collision system to provide a safe environment. Various car manufacturers have incorporated the function of collision avoidance systems. For example, Mitsubishi Front Collision Mitigation, Mercedes Pre-Safety System, Hondas Collision Mitigation Braking System, VW Front Assist, and more.

Technological advancements and growth in vehicle standards are contributing to the growth of the automotive pedestrian protection systems market in Europe. In addition, the increase in sales of vehicles with safety features has promoted the growth of advanced pedestrian protection system in Europe. High disposable income and increasing prevalence of automotive standards are driving the market growth, especially in European countries.

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The automotive market is positively affected by the safety regulations put in place by the government for the installation of airbags, seat belts and anti-lock braking systems (ABS) in every vehicle. Europe and North America have witnessed following these regulations more rigorously compared to Asia-Pacific and the rest of the world. However, in developing countries, OEMs provide airbags and other safety devices under the European NCAP which helps the government to improve safety measures. This in turn increases the use of the system based on pedestrian protection needed for vehicle safety features. In addition, Key Safety Systems (American airbag manufacturer) opened a technical center in the eastern region of the Chinese city of Suzhou in March 2015. This R&D center is expected to develop collision avoidance technology for safety pedestrians using RADAR and cameras. Such initiatives by various governments are raising awareness about the safety features that are directly driving the growth of the automotive pedestrian protection systems market.

Key Findings of the Automotive Pedestrian Protection System Market –

In 2017, by type, the retractable hood segment generated the highest revenue.
In 2017, by vehicle type, the sedan-type vehicle segment was the largest contributor to revenue.
In 2017, by region, Europe generated the highest revenue in the market, followed by Asia-Pacific, North America and LAMEA.

The major players analyzed in this report are Autoliv, Robert Bosch GmbH, Magneti Marelli SpA, Denso Corporation, ZF Friedrichshafen AG, Mobileye NV, Nissan Motor Corporation, Audi AG, Continental AG and Valeo.

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Allied Analytics LLP
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