AUTOMOTIVE PEDESTRIAN PROTECTION SYSTEMS (PPS) MARKET ANALYSIS

 The global automotive pedestrian protection system market was valued at US$ 2,849.7 Mn in 2022 and is expected to increase to US$ 13,323.2 Mn by 2030, registering a CAGR of 21.3% over the forecast period. Pedestrian protection systems (PPS) offers safe and cost-effective solutions for the protection of pedestrians. Also, it fulfils the legal requirements necessary for automotive pedestrian protection on vehicles. The system consists of sensors in the front part of the vehicle and an electronic control unit (ECU), which triggers actuators that can lift the engine hood within a fraction of a second. This provides a safe buffer for the pedestrian's head in the incidence of an accident.

Automotive Pedestrian Protection Systems (PPS) Market: Regional Insights

The market for automotive pedestrian protection systems is divided into North America, Europe, Asia Pacific, and the rest of the world on a geographical basis. Due to the presence of prominent premium vehicle manufacturers in Europe, this region holds the lead in the global market. In addition, the automotive pedestrian protection system market in this region is benefiting greatly from the rising demand for vehicles with cutting-edge safety features.

In addition, major players in the automotive industry like Volkswagen, Continental AG, Daimler, and Robert Bosch GmbH are investing heavily in expanding their operations not only in Europe but also in other emerging economies, accelerating technological advancements in the sector. As a result, strong growth prospects are anticipated to be provided by these factors over the forecast period.

Figure 1: Global Automotive Pedestrian Protection Systems (PPS) Market Share (%), By Region, 2022

To learn more about this report, request sample copy

Automotive Pedestrian Protection Systems (PPS) Market - Impact of Coronavirus (Covid-19) Pandemic

Due to commute restrictions, COVID-19 had a negative impact on the global market for automotive pedestrian protection systems. Changing regulations and policies, managing working capital, executing supply chains, and being reliant on labor were just a few of the obstacles that the market had to overcome. To manage the pandemic's effects, organizations, on the other hand, developed strategic plans to cut costs. In the immediate aftermath of the pandemic, there has been an increase in the demand for vehicle tracking hardware and management software.

Automotive Pedestrian Protection Systems (PPS) Market - Drivers:

Inclination of consumers towards the market

Increasing inclination of consumers towards safe, comfortable, and convenient automobile systems is driving growth of the market. Furthermore, high prevalence of road accidents is fueling growth of the market. Therefore, such factors are propelling demand for stringent regulations by government regarding Antilock Braking Systems (ABS), Advanced Driver Assistance Systems (ADAS), Electronic Brake-Force Distribution (EBD), Tire Pressure Management Systems (TPMS), and airbags across the globe to enhance user safety. For instance, in 2008, the U.S. Congress Transport Recall Enhancement, Accountability and Documentation (TREAD) Act mandated the deployment of tire pressure monitoring system (TPMS) technology in all passenger vehicles to enhance driver and passenger safety by means of a dashboard warning system.

Advancement in radar system

Advancement in radar system is one of the major drivers for growth of the global automotive pedestrian protection systems market. Radars are necessary in advanced autonomous driving system. It provides warning to the driver regarding potential collisions and can be used to avoid blind spot crashes. Radar sensors are responsible for collecting vital information such as range, angle, and Doppler velocity. This information is used to determine the driving situation and give warning to the driver in potentially dangerous situations.

Automotive Pedestrian Protection Systems (PPS) Market - Opportunities:

Advancements in technology

The development of advanced sensor technologies such as LiDAR, radar, and cameras, combined with AI and machine learning algorithms, is enhancing the accuracy and reliability of pedestrian detection and collision avoidance systems. This presents opportunities for companies to develop and commercialize innovative PPS technologies.

Electric and autonomous vehicles

 With the increasing popularity of electric and autonomous vehicles, there is a growing need for PPS systems that can integrate with these technologies. The development of PPS systems that are compatible with electric and autonomous vehicles presents a significant opportunity for the industry.

Automotive Pedestrian Protection Systems (PPS) Market was valued at US$ 2,849.7 Mn in 2022 and is forecast to reach a value of US$ 13,323.2 Mn by 2030, exhibiting CAGR of 21.3% between 2023 and 2030.

Automotive Pedestrian Protection Systems (PPS) Market – Trend

Increasing demand for active safety features

The demand for active safety features in vehicles is increasing, including PPS systems that can detect and avoid collisions with pedestrians. This trend is driven by the rising awareness of pedestrian safety and government regulations mandating the installation of PPS in vehicles.

Growing importance of pedestrian safety ratings

 Pedestrian safety ratings are becoming increasingly important in the automotive industry. Organizations such as Euro NCAP and the Insurance Institute for Highway Safety (IIHS) are providing ratings based on the effectiveness of PPS systems in preventing pedestrian accidents. This is driving manufacturers to improve the performance of their PPS systems to achieve higher safety ratings.

 Automotive Pedestrian Protection Systems (PPS) Market - Restraints:

High cost for implementing safety features

high cost for implementing safety features for pedestrian protection is restraining growth of the market. For instance, airbags have some limitations such as it inflates just once on impact, after which it needs to be replaced. Moreover, it is expensive and hence, the requirement for installation of airbag every time will be cost nominal.

 Regulatory Compliance

Compliance with safety regulations and standards can be a challenge for manufacturers of PPS systems. Meeting regulatory requirements can require significant investments in research and development, testing, and certification

Figure 2: Global Automotive Pedestrian Protection Systems (PPS) Market Share (%), By Segment, 2022

To learn more about this report, request sample copy

Automotive Pedestrian Protection Systems (PPS) Market - Segmentation:

Global Human Machine Interface market report is segmented into Technology and Vehicle Type.

Based on Technology, the market is segmented into Active Pedestrian Protection and Passive pedestrian Protection. Out of which, Active Pedestrian Protection segment is expected to dominate the global market over the forecast period.

Based on Vehicle Type, the market is segmented into Passenger cars, Commerical Vehicles and Electric & Hybrid Vehicles. Out of which, Passenger cars segment is expected to dominate the global market over the forecast period

Automotive Pedestrian Protection Systems (PPS) Market: Key Developments

Major market players are focusing on product launches in order to enhance their product portfolio. For instance, in June 2022, iWave Systems, an embedded technology computing company, launched a 12.1 Rugged HMI for tough and extreme operating environments. Because of this now this technology can be used in the any environment and is not necessarily be controlled.

In June 2022, Qt, a provider of software technologies around the world, launched novel HMI software framework which helps them into developing the next-generation digital cockpits.

In July 2020, Omron Automation, an automation technology company, launched a software version of its NA5 human-machine interface that will run on the Omron industrial PC series, and will provide their end users with more control over their machines.

In September 2019, ABB Ltd, a digital solutions and services provider, introduced new version of its automation software Minerals Process Control Library with a new visual control graphic interference.

Automotive Pedestrian Protection Systems (PPS) Market: Key Companies Insights

Global Human Machine Interface market is highly competitive, owing to rising launch of new technologies due to ongoing R&D and efforts by value chain participants. Moreover, key players are adopting various business growth strategies in order to expand their presence on regional as well as global basis. Some of the key players in the Automotive Pedestrian Protection Systems (PPS) Market are ABB Ltd., General Electric Company, Advantech Co., Ltd., Emerson Electric Corporation, Atmel Corporation, Eaton Corporation, American Industrial Systems, Inc., BARTEC Top Holding GmbH, and Beijer Electronics, Inc

*Definition: Automotive pedestrian protection system (PPS) is a system used to avoid a pedestrian's slam 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.