Evolve Business Intelligence has published a research report on the Global Automotive Pedestrian Protection Systems (PPS) Market, 2021–2030. The global Automotive Pedestrian Protection Systems (PPS) market are projected to exhibit a CAGR of around 21.3% during the forecast period of 2022 to 2030.
Evolve Business Intelligence has recognized the following companies as the key players in the global Automotive Pedestrian Protection Systems (PPS) market: Robert Bosch GmbH, Aptiv PLC, Continental AG, Autoliv Inc, DENSO, Magna International Inc, ZF, Mobileye, WABCO Holdings, Inc, Valeo, Nissan Motor Company Ltd, AB Volvo, Subaru Corporation, and others.
Market Highlights
The global Automotive Pedestrian Protection Systems (PPS) market is projected to be recording a CAGR of 21.3% during the forecast period.
Automotive pedestrian protection systems (PPS) is a safe solution for pedestrian protection on vehicles. The system consists of a transducer in the front part of the vehicle, which detects pedestrians and triggers an electronic control unit (ECU), which then triggers actuators to lift the engine hood within a fraction of a second at the time of accident. The complete PPS consists of technologies such as automatic braking and collision avoidance, advanced driver assistance systems (ADAS), brake assist, driver caution, external airbags, and pop-up bonnets, etc.
The automotive industry has experienced a steady increase in the production of new cars with pedestrian safety features. Every car manufacturer out there is incorporating the best anti-collision components and equipment into their brand-new models. This reflects in the positive demand for these systems, which is moving forward at a substantial growth rate. Another reason for the growth of this industry is the automotive companies alongside suppliers and research institutes investing large amounts of money into this sector.
Covid-19 has caused the Automotive Pedestrian Protection Systems (PPS) market to slow down as due to the contagious nature of the pandemic, travel controls were put in place during the outbreak which restricted residents’ ability to visit airports, stadiums, and shopping centers, and affected the demand for automotive pedestrian protection systems. At the same time manufacturers were struggling to keep up with production due to them not being able to transport materials out of quarantine safely or quickly enough.
Segmental Analysis
The global Automotive Pedestrian Protection Systems (PPS) market has been segmented based on type, application, and region.
By type, the global Automotive Pedestrian Protection Systems (PPS) market has been segmented into Active Pedestrian Protection systems and Passive Pedestrian Protection Systems. The Active Pedestrian Protection systems segment holds the largest market share in the global Automotive Pedestrian Protection Systems (PPS) market for the year 2021. However, The Passive Pedestrian Protection Systems segment is also expected to grow at a high rate in the forecasted period.
By applications, the global Automotive Pedestrian Protection Systems (PPS) market has been segmented into Passenger Vehicles and Commercial Vehicles. The passenger vehicle segment is expected to gain the highest momentum during the forecasted period as most people are shifting towards the usage of cabs more than owning a vehicle.
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Regional Analysis
Geographically, the global Automotive Pedestrian Protection Systems (PPS) market have been categorized as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The North American region is anticipated to be dominating the Automotive Pedestrian Protection Systems (PPS) Market due to the presence of large players in the region, and the Asia Pacific Market for Automotive Pedestrian Protection Systems (PPS) is expected to be the fastest-growing market over the forecasted years owing to the increasing number of vehicle manufacturers and growing demand for electric vehicles in developing countries such as China, India, and Japan.
