Market Size of Europe Pedestrian Detection Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 16.71 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Pedestrian Detection Systems Market Analysis
The European pedestrian detection systems market was valued at USD 3.03 billion, and it is estimated to reach USD 9.32 billion over the period of five years, registering a CAGR of 16.71% during the forecast period.
- The COVID-19 pandemic harmed the market studied as lockdowns and trade restrictions led to supply chain disruptions and a halt of vehicle production across the world. However, as restrictions eased, players started focusing on mitigating such risks and developing strategies to create momentum in the market during the forecast period.
- Over the long term, growing safety concerns and government regulations regarding passenger and pedestrian safety, along with the increase in demand for premium vehicles, are some of the driving factors of the market. Over the years, there has been significant growth in the number of vehicles on the road and the construction of roads, resulting in a higher rate of road accidents. Pedestrians account for one-fifth of all traffic deaths in the European Union (EU). This proportion was larger than for other vulnerable road users, such as bicycles (9%), mopeds (3%), and motorcycles (16%).
- The pedestrian detection system is an important component of the driver assistance system, which is developed to avoid collisions between the vehicle and pedestrians, especially while driving during night time. The night-time pedestrian detection system works by letting the driver of the vehicle know about the obstacles on the road with the help of a near-infrared (NIR) camera and its displaying unit.
- The market is expanding as a result of customers becoming more aware of the advantages of having pedestrian protection systems installed in vehicles for the safety of drivers, passengers, and pedestrians, as well as the rising number of traffic accidents around the world. The expansion of pedestrian protection systems is being fueled by rising consumer demand for high-end vehicles as a result of shifting consumer preferences. Bicyclists and other road users also gain from systems with improved features, which explains why solutions based on pedestrian protection are widely used worldwide. Major players are also focusing on enhancing the pedestrian system. For instance,
- In April 2022, Vauxhall upgraded its best-selling Corsa and Mokka model lines for 2023, providing them with a fresh look, an appealing combination of new technology, and an improved Mokka powertrain choice. The Corsa design models received enhancements, including a redesigned Automatic Emergency Braking system that now includes Pedestrian Detection.
- In February 2022, Opel continued its electric onslaught with the introduction of the new Astra Sports Tourer. The vehicle came equipped with numerous cutting-edge assistance systems as standard equipment, such as front collision warning with automatic emergency braking, pedestrian detection, lane departure warning, traffic sign recognition, drowsiness detection, and cruise control with intelligent speed limiters.
- Additionally, it is anticipated that increased government initiatives and ongoing technological innovation would fuel market expansion. Additionally, during the projection period, market participants would benefit from technical developments in the automotive sector.
Europe Pedestrian Detection Systems Industry Segmentation
Pedestrian detection is a system where a radar sensor is built into the vehicle's grille, a camera is installed in front of the interior rear-view mirror, and a central control unit is used for detecting potential pedestrian collisions and avoiding accidents with complete auto braking. The radar detects anything in front of the car and calculates the distance between the object and the car.
The Europe pedestrian detection systems market is segmented by type (video, infrared, hybrid, other types), by component type (sensors, radars, cameras, and other component types), and by geography (Germany, United Kingdom, France, Russia, Spain, Italy, and Rest of Europe).
The report offers market size and forecasts for all the above segments in value (in USD).
| Type | |
| Video | |
| Infrared | |
| Hybrid | |
| Other Types |
| Component Type | |
| Sensors | |
| Radars | |
| Cameras | |
| Other Component Types |
| Geography | |
| Germany | |
| United Kingdom | |
| France | |
| Russia | |
| Spain | |
| Italy | |
| Rest of Europe |
Europe Pedestrian Detection Systems Market Size Summary
The European pedestrian detection systems market is experiencing significant growth, driven by increasing safety concerns and stringent government regulations aimed at enhancing passenger and pedestrian safety. The market's expansion is further fueled by the rising demand for premium vehicles equipped with advanced driver assistance systems (ADAS). These systems are crucial for preventing collisions between vehicles and pedestrians, particularly during nighttime driving. The market is also benefiting from heightened consumer awareness of the safety advantages offered by pedestrian protection systems, as well as the growing number of traffic accidents. The presence of luxury car manufacturers in Europe, such as Audi, BMW, and Mercedes, has shifted consumer preferences towards vehicles with sophisticated safety features, contributing to the market's growth.
The market is poised for further expansion due to ongoing technological innovations and increased government initiatives promoting the adoption of ADAS components in vehicles. The European Commission's implementation of the Vehicle General Safety Regulation, which mandates various advanced safety features, is expected to significantly impact the market. Additionally, the establishment of new plants by OEM suppliers in countries like Germany is anticipated to reduce costs and enhance the implementation of ADAS systems. Key players in the market, including Robert Bosch, Continental AG, and ZF Friedrichshafen, are actively investing in and developing new technologies to improve pedestrian detection systems. These developments, along with regulatory support and consumer demand for safer vehicles, are expected to drive the market's growth over the forecast period.
Europe Pedestrian Detection Systems Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Drivers
-
1.1.1 Increasing Adoption of ADAS Systems Driving the Market
-
-
1.2 Market Restraints
-
1.2.1 Lower efficiency in bad weather conditions
-
-
1.3 Industry Attractiveness - Porter's Five Forces Analysis
-
1.3.1 Threat of New Entrants
-
1.3.2 Bargaining Power of Buyers/Consumers
-
1.3.3 Bargaining Power of Suppliers
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 Type
-
2.1.1 Video
-
2.1.2 Infrared
-
2.1.3 Hybrid
-
2.1.4 Other Types
-
-
2.2 Component Type
-
2.2.1 Sensors
-
2.2.2 Radars
-
2.2.3 Cameras
-
2.2.4 Other Component Types
-
-
2.3 Geography
-
2.3.1 Germany
-
2.3.2 United Kingdom
-
2.3.3 France
-
2.3.4 Russia
-
2.3.5 Spain
-
2.3.6 Italy
-
2.3.7 Rest of Europe
-
-
Europe Pedestrian Detection Systems Market Size FAQs
What is the current Europe Pedestrian Detection Systems Market size?
The Europe Pedestrian Detection Systems Market is projected to register a CAGR of 16.71% during the forecast period (2024-2029)
Who are the key players in Europe Pedestrian Detection Systems Market?
Continental AG, Mobileye Global Inc, Robert Bosch GmbH, ZF Friedrichshafen and Aptiv PLC are the major companies operating in the Europe Pedestrian Detection Systems Market.
