The Automotive Pedestrian Protection Systems (PPS) Market, prevents a pedestrian from colliding with the vehicle. The PPS is triggered by sensors in front of the vehicle in the event of a frontal collision with pedestrians. Autonomous braking and collision avoidance, advanced driver assistance systems, brake assist, driver vigilance, external airbags, and pop-up bonnets are just a few of the technologies that make up the entire PPS section. Advanced driver assistance systems (ADAS) help with automatic lighting, adaptive cruise control, automatic braking, the use of GPS to provide traffic information, and providing information to maintain lane discipline are just a few examples. The market's expansion is aided by the growing number of customers who are interested in vehicles with advanced features.
Automotive Pedestrian Protection Systems Pps Market is estimated to be valued at US$ 13,323.2 Mn by2030.
Global Automotive Pedestrian Protection Systems Pps Market: Drivers
Increasing demand for electric vehicles: The Increasing demand for electric vehicles: The increasing demand for electric vehicles is driving the demand for PPS, as these vehicles are generally quieter than traditional gasoline-powered vehicles, making them harder for pedestrians to hear.
Global Automotive Pedestrian Protection Systems Pps Market: Opportunities
Increasing urbanization
Urbanization is increasing globally, leading to more pedestrian traffic in cities. This trend is expected to drive the demand for PPS in urban areas.
Global 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.
Market Trends
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.
Covid-19 Impact Analysis:
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.
Global Automotive Pedestrian Protection Systems Pps Market: Competitive Landscape
Key players operating 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..
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Key Takeaways:
Global 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.
Global Automotive Pedestrian Protection Systems Pps Market: Recent Developments
In January 2021, ZF announced the launch of its new 3D front camera, which is designed to improve the accuracy and reliability of pedestrian detection and collision avoidance systems in vehicles.
In March 2021, Continental AG introduced a new pedestrian detection system called "Pedestrian Laser Scanner" that can detect pedestrians and other objects up to 250 meters away from the vehicle.
In April 2021, Mobileye, an Intel company, unveiled its new "4th generation" EyeQ system-on-chip (SoC) for advanced driver assistance systems (ADAS) and autonomous driving, which includes enhanced pedestrian detection capabilities.
In June 2021, Bosch announced the launch of its new "Passive Safety System" that uses cameras and sensors to detect pedestrians and other objects, and can deploy airbags and other safety measures to protect vehicle occupants and pedestrians in the event of a collision.
