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The Pedestrian Detection Systems Market is segmented by Type (Video, Infrared, Hybrid, and Other Types) and Geography.
2018 - 2026
Fastest Growing Market:
The pedestrian detection system market is expected to record a CAGR of over 15% during the forecast period (2020 - 2025).
The pedestrian detection system is an essential component of the driver assistance system, which is developed to avoid collisions between vehicles and pedestrians, especially while driving during night time. The night-time pedestrian detection systems work 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.
Some of the major factors driving the growth of the market studied are the growing emphasis on the safety of passengers and pedestrians, owing to a rise in the number of accidents and the increasing demand for premium vehicles. However, factors, such as difficulty in detecting pedestrians during bad weather conditions, may hinder the growth of the market studied.
In recent years, the automobile industry has motivated its R&D work to improve the night vision systems. This has led to further improvements in advanced driving assistance systems, with the surge in demand for night-time pedestrian detection systems. Low penetration of leading providers of advanced driving assistance systems (ADASs) in the emerging markets and the rise in the number of autonomous cars are reasons for the opportunities present in the market studied.
The pedestrian detection system is an advanced driver safety assistance system, which aids in avoiding collisions. It is an essential component in any intelligent video surveillance system, as it provides the fundamental information for semantic understanding of the video footage.
The pedestrian detection system market is segmented by type and geography.
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Rise in the number of accidents, resulting in loss of lives and properties across the world, is being considered as one of the major factors driving the demand for and development of advanced automobile safety systems. As consumers are gaining awareness about the advanced safety features and technologies, they are indicating an interest in improving their vehicles' safety systems.
As per the WHO, more than half of all road traffic deaths are among vulnerable road users, such as pedestrians, cyclists, and motorcyclists. Deaths of pedestrians and cyclists accounted for 26% of all deaths, while that of those using motorized two- and three-wheelers accounted for 28%.
Thus, the number of pedestrians hit and killed has been continually increasing. For instance -
Regions, such as Europe and North America, are developed, and with the increase in vehicle sales, more customers are opting for trending ADAS features in their vehicles, owing to the need for safety and comfort features.
Initially, the majority of the consumers did not adopt these systems due to the high cost and lack of awareness. However, with the new government regulations in place and the proven safety benefits, these systems have gained consumer interest. The ongoing installations are being done by both OEMs and aftermarkets, to facilitate end users with ADAS features.
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In 2017, 21% of all people killed on roads were pedestrians. In general, pedestrian fatalities have decreased at a lower rate than for other road users (by 15% from 2010 to 2017, compared to a total fatality decrease of 20%).
The European Commission has made it mandatory for all new cars to be equipped with safety equipment by 2021. The commission wants to fit all the 11 various ADAS features designed to prevent or mitigate accidents. The European Union anticipates that the addition of these 11 ADAS safety features may not only save over 7,000 lives across Europe but may also prevent 38,000 serious injuries between 2020 and 2030.
The vehicle safety measures that have direct relevance to the cyclists’ and pedestrians’ safety include Intelligent Speed Assistance, Autonomous Emergency Braking (AEB) for car to pedestrian/cyclist, and HGV/truck ‘VRU detection’ assist, which may warn the driver if a pedestrian or cyclist is in the blind spot of a large vehicle (in the review of the General Safety Regulation and the Pedestrian Safety Regulation, under the Third “Europe on the Move” set of actions).
In Europe, Germany is expected to be one of the major markets. With the growing focus toward both passengers’ safety and pedestrians’ and cyclists’ safety, the demand for advanced driver’s safety assistance systems of collision warning systems has been continually increasing.
Irrespective of the decline in the number of pedestrian deaths, the country has been striving to further reduce pedestrian and cyclist fatalities, and the announcement of the revision of the General Safety Regulations may further aid in reducing the fatalities.
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The market is majorly concentrated, with few players dominating the market. However, there are some auto manufacturers, such as BMW and Toyota Motor Corporation, who are supplying their own manufactured pedestrian detection system.
Some of the major players in the pedestrian detection system are Continental Reifen Deutschland GmbH, Mobileye, Robert Bosch GmbH, FLIR Systems, Inc., and DENSO Corporation.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.4 Other Types
5.2.1 North America
188.8.131.52 United States
184.108.40.206 Rest of North America
220.127.116.11 United Kingdom
18.104.22.168 Rest of Europe
22.214.171.124 South Korea
126.96.36.199 Rest of Asia-Pacific
5.2.4 Rest of the World
188.8.131.52 Saudi Arabia
184.108.40.206 Other Countries
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Automobile Manufacturers
220.127.116.11 Toyota Motor Corporation
18.104.22.168 Volvo Cars
22.214.171.124 Audi AG
126.96.36.199 Nissan Motor Co. Ltd
188.8.131.52 Honda Motor Company Ltd
184.108.40.206 General Motors Company
6.2.2 Suppliers of Pedestrian Detection Systems and Components*
220.127.116.11 Aptiv PLC
18.104.22.168 Robert Bosch GmbH
22.214.171.124 Continental Reifen Deutschland GmbH
126.96.36.199 DENSO Corporation
188.8.131.52 FLIR Systems Inc.
184.108.40.206 Panasonic Corporation
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability