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Posted on : Wednesday, 06 November, 2019  10:39
Location : Borgloon, Limburg
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Automotive Pedestrian Protection System Market size is valued at US$ 2.0 Bn in 2017 and expected to grow at a CAGR of 11.2% in the forecasting period. The increasing number of vehicles has, in turn, led to increasing in the accidental collisions between vehicles and pedestrians. A requirement to ensure the safety of the vehicles and the human lives are expected to be among the prominent factors fuelling the automotive pedestrian protection system market share over the forecast timeframe.

Several car assessment programs such as Australasian NCAP, C-NCAP, JNCAP, KNCAP, Latin NCAP, ASEAN NCAP, Euro NCAP, and Canadian NCAP are developed to ensure vehicle safety. High safety ratings by these associations aids the OEMs in gaining higher consumer inclination towards their vehicles. Models integrated with obstacle detection and emergency braking systems help the OEMs secure high safety ratings, in turn positively influencing the consumer motivation for the automotive pedestrian protection system. This will present favorable growth landscape for the automotive pedestrian protection system market share.

automotive pedestrian protection system market

The automotive pedestrian protection system market is segmented based on product, vehicle, distribution channel and geography. By product segment, the market is segmented into active and passive. By vehicle, the automotive pedestrian protection system market is segmented as passenger cars, commercial vehicles, electric & hybrid vehicles. By distribution channel, the market is segmented as OEM and aftermarket. OEM is the major segment where the automotive pedestrian protection system is highly demanded and thus, it is expected to hold major market share in the forecast period. Growth in automotive production along with the requirement of capacity utilization for maximum gains will fuel the industry growth for automotive pedestrian protection system. Furthermore, the vehicle manufacturers are securing product patents in advanced safety assistance technologies.

Geographically, the automotive pedestrian protection system market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Europe held the highest market share in 2017 and is expected have a higher growth rate in the forecast period for automotive pedestrian protection system. High regional penetration can be attributed to the high consumer inclination towards vehicles offering high safety levels. Moreover, major automotive industry participants that have established strong industrial presence such as Robert Bosch, Continental, Volkswagen, Daimler, have made several technological advancements in the industry space. These factors are expected to provide strong growth prospects through the forecast period.


  
  
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