Market Overview

The global automotive pedestrian protection system market was valued at US$ 992.8 Mn in 2016 and is expected to increase to US$ 4,994.0 Mn by 2025, registering a CAGR of 19.95% 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.

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.

Request Sample Copy of this Report @ https://www.coherentmarketinsights.com/insight/request-sample/1380

Market Dynamics

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.

However, 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.

Request For Customization @ https://www.coherentmarketinsights.com/insight/request-customization/1380

Major players operating in the global automotive pedestrian protection systems market include Audi AG, Volvo Car Corporation, Continental AG, Robert Bosch GmbH, Toyota Motor Corporation, ZF Friedrichshafen AG, Autoliv Inc., Mobileye N.V., Subaru Corporation, Valeo, Honda Motor Co., Ltd., General Motors, Ford Motor Company, Daimler AG, Denso Corporation, Nissan Motor Corporation, BMW AG, and Magneti Marelli SpA.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr. Shah

Coherent Market Insights

1001 4th Ave,

#3200

Seattle, WA 98154

Tel: +1-206-701-6702

Email: [email protected]