10%+ growth for Automotive Pedestrian Protection Systems Market to 2024
Jan 10, 2019
Some of the major automotive pedestrian protection systems market participants include Audi AG, Autoliv Inc., BMW, Continental AG, Daimler AG, Denso Corporation, Ford, Motor Company, General Motors, Honda Motor Co., Ltd., and ZF Friedrichshafen AG.
Selbyville, Delaware, USA - January 10, 2019 /MarketersMedia/ —
Automotive pedestrian protection systems market has emerged as one of the most lucrative business spheres of the automotive domain in the recent years. The increasing awareness among the regional governments and regulatory bodies regarding the importance of pedestrian safety has been stimulating the product demand. In 2016, more than 5,000 pedestrian fatalities occurred due to road accidents in the U.S. alone. In accordance, the Federal Highway Administration (FHWA) and National Highway Traffic Safety Administration (NHTSA) have taken initiatives to raise awareness among the masses about pedestrian safety, that are certain to augment the overall automotive pedestrian protection system industry size.
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Passive automotive pedestrian protection systems market is expected to continue its dominance through the forecast period. This can be attributed to high adoption of passive safety in passenger vehicles and applications for reduction in impact of frontal collisions. This includes external airbags and pop-up hoods which gets activated on collision and aids in reducing the severity of impact on the victim’s body.
Active technologies are expected to witness highest growth rate owing to the requirement to detect the human movement and warn the user or evade the accident through integrating with the steering control. This helps in eliminating the possibility of collision in time. Moreover, requirement to detect obstacles in bad lighting or steep turns is expected to provide strong growth prospects for automotive pedestrian protection systems market through the forecast period.
Passenger car accounted for the largest automotive pedestrian protection system market share by volume in 2017. High deployment of these active and passive safety in these vehicles is expected to fuel the industry growth. GM, Daimler, Volvo, Ford, Toyota and Honda are some key OEM’s that have already deployed these advanced safety technologies in several car models.
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Commercial vehicles have wider blind spots owing to their relatively large size to passenger cars. Moreover, design factors of these vehicles prohibit the deployment of passive systems in these vehicles. However, vehicle manufactures including Daimler, Volvo and Subaru have started integrating their vehicles with active safety technologies which will present viable growth landscape over the forecast period.
Europe automotive pedestrian protection systems market accounted for over 45% market share in 2017, is expected to hold its dominance through the forecast period. High inclination of consumers towards safety technologies and significant presence of premium car manufacturers are expected to drive the regional growth.
Major automotive pedestrian protection systems market participants include ZF Friedrichshafen AG, Continental AG, Denso Corporation, Magneti Marelli SpA, Ford Motor Company, Nissan Motor Corporation, Honda Motor Co. Ltd., Volvo Car Corporation, Audi AG, General Motors, Robert Bosch GmbH, Toyota Motor Corporation, Daimler AG, Subaru Corporation and Valeo.
Browse key industry insights spread across 300 pages with 413 market data tables & 12 figures & charts from the report, “Automotive Pedestrian Protection System Market Size By Product (Active, Passive), By Vehicle (Passenger Cars, Commercial Vehicles, Electric & Hybrid Vehicles), By Distribution Channel (OEM, Aftermarket), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, China, India, Japan, South Korea, Thailand, Indonesia, Mexico, Brazil, Argentina, Turkey, Iran, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/automotive-pedestrian-protection-system-market
Table of Contents (ToC) of the report:
Automotive Pedestrian Protection Systems Market - Charts & Figures
FIG 1. Industry segmentation
FIG 2. Industry landscape, 2013 - 2024 (Units) (USD Million)
FIG 3. Industry ecosystem analysis
FIG 4. Industry impact forces
FIG 5. Growth potential analysis
FIG 6. Competitive landscape, 2017
FIG 7. Porter’s analysis
FIG 8. PESTEL analysis
FIG 9. Global market share by product, 2017 & 2024
FIG 10. Global market share by vehicle, 2017 & 2024
FIG 11. Global market share by distribution channel, 2017 & 2024
FIG 12. Global market share by region, 2017 & 2024
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/automotive-pedestrian-protection-system-market
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Source URL: https://marketersmedia.com/10-growth-for-automotive-pedestrian-protection-systems-market-to-2024/468602
Source: MarketersMedia
Release ID: 468602
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