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The automotive pedestrian protection system market share is expected to increase by USD 666.94 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.22%.
This automotive pedestrian protection system market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive pedestrian protection system market segmentations by technology (passive and active) and geography (Europe, APAC, North America, South America, and Middle East and Africa). The automotive pedestrian protection system market report also offers information on several market vendors, including Aptiv Plc, Autoliv Inc., BorgWarner Inc., Continental AG, DENSO Corp., Ford Motor Co., Hitachi Ltd., Honda Motor Co. Ltd., Magna International Inc., Marelli Holdings Co. Ltd., Mobileye Technologies Ltd., Porsche Automobil Holding SE, Renault sas, Robert Bosch GmbH, Stellantis NV, SUBARU Corp., Toyota Motor Corp., Valeo SA, Volvo Car Corp., and ZF Friedrichshafen AG among others.
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The rising number of pedestrian accidents helping the growth of PPS is notably driving the automotive pedestrian protection system market growth, although factors such as the high degree of inaccuracy in PPS leading to less adoption may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive pedestrian protection system industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Automotive Pedestrian Protection System Market Driver
The rising number of pedestrian accidents helping the growth of PPS is one of the key drivers supporting the automotive pedestrian protection system market growth. The most frequent pedestrian injuries result in the lower or upper leg following an impact with a vehicle. If it is a low-velocity accident, then the injuries are largely restricted to the areas below the torso, where maximum injuries follow due to an impact with the ground or surrounding obstacles. If it is a high-velocity accident, there are high chances of a secondary impact with the upper bonnet. Due to the obvious incidence of upper-body injuries, it is paramount that passive PPS concentrate not only on minimizing the effect of the first impact, but also cushion against the secondary and tertiary impacts. Adding a safety system such as PPS would provide regular alerts to drivers to keep them and their vehicles out of potentially dangerous situations. These systems help in preventing vehicle accidents during tough situations and protect passengers from injuries and fatalities. Such advantages of PPS is driving the market growth.
Key Automotive Pedestrian Protection System Market Trend
Pedestrian protection airbags is one of the key automotive pedestrian protection system market trends that is contributing to the market growth. There has been advocacy from safety agencies such as NCAP and country-specific government bodies, and general awareness among customers which has played a key role in increasing the adoption of safety features across vehicle classes. While Europe has well-established vehicle assessment tests such as the Euro NCAP, there has been a rise in safety solutions witnessing growth in the APAC region, primarily in developing countries. To that end, entry-level vehicle models in the region have seen a rise in onboard safety components including airbags, ABS, EPB, and other advanced braking components. Hence these factors help in boosting the demand for automotive pedestrian protection systems globally during the forecast period.
Key Automotive Pedestrian Protection System Market Challenge
The high degree of inaccuracy in PPS leading to less adoption is one of the factors hampering the automotive pedestrian protection system market growth. Since the passenger car market is going to register a high number of first-time users of autonomous technologies, the user must be clearly explained about the reliability factors involved with this system and its limitations. No system is perfect and has loopholes, which would be filled by the auto manufacturers or OEMs over time. The primary use of this system is to prevent accidents and assist the driver. However, sometimes the user might rely on the system more than required. Hence, even an occasional fault in the system can lead to a rejection of the technology as it involves very high pricing per unit. Such factors can negatively impact the automotive pedestrian protection system market growth during the forecast period.
This automotive pedestrian protection system market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global automotive pedestrian protection system (PPS) market as a part of the global auto parts and equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive pedestrian protection system market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the automotive pedestrian protection system market encompasses successful business strategies deployed by the key vendors. The automotive pedestrian protection system market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The automotive pedestrian protection system market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the automotive pedestrian protection system market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Technology
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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