The market is poised to witness a CAGR of 26%, during the forecast period of 2018-2023. Pedestrian detection technology includes auto scanning of roadways ahead for pedestrians, notifications, and warnings issued to the driver and if the pre-decided distance is not maintained, the automobiles are designed to auto-brake.
The new automotive generation is not only equipped with comfort, style, speed, power, functions automation (X-by-wire), and fuel efficiency (think green fuel), but also, with increased safety. Research and innovation in sensors, cameras, radars, and other value-added components is equipping the cars for increased safety of pedestrians. A number of vehicular accidents involve pedestrian casualties. With the augmentation of technology that can sense the presence of pedestrians in the path of the cars, earlier available only in high-priced cars, like the Mercedes S-class, it is obvious that automation is coming to automobiles and in a big way.
Source: Statista / Mordor Intelligence Analysis
Pedestrian detection technology includes auto scanning of roadways ahead for pedestrians, notifications, and warnings issued to the driver and if the pre-decided distance is not maintained, the automobiles are designed to auto-brake. The radars and cameras, typically fitted in places on the vehicles from where spotting pedestrians can be easier, for example, the front and back of the vehicle on the windshields and bumpers respectively, are operational at a range of speeds and can go higher than 50 miles per hour.
The high cost of systems and associated components making it impossible to integrate sensors for pedestrian detection in mass market cars, ongoing research, inadequate research in updating existing research and a few other factors contribute to the bottlenecks in this market.
An increasing number of automobile manufacturers, like Ford, Toyota, and others are integrating sensors for pedestrian detection to enhance their product offerings. While most manufacturers are integrating sensors and cameras in new cars, other sensor based companies are offering add-on sensors, which can be used in cars without pre-installed pedestrian detection systems and include names, like Mobileye, among others.
Major Players: Audi, BMW, Mercedes, Volvo, Nissan, amongst others.
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