Pedestrian Detection Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Pedestrian Detection Systems Industry Overview

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 manufactured pedestrian detection systems. Some of the major players in the pedestrian detection system are Denso Corporation, Continental AG, Valeo SA, Robert Bosch, ZF Friedrichshafen AG, and Many others.

Several players are partnering to enhance their research and development facilities and expand their manufacturing facilities across the globe, which is likely to witness major growth for the market during the forecast period. For instance,

• In August 2022, ZF Asia Pacific Group Co., Ltd. signed an agreement with the Management Committee of Zhangjiagang Economic and Technological Development Zone for an expansion of manufacturing facilities across the Zhangjiagang base. Under this agreement, ZF invested USD 100 Million to focus on the production of braking systems, passive safety systems, electric steering systems, and chassis components, respectively.
• In March 2022, ZF Friedrichshafen AG acquired Stradvision, a leading provider of artificial intelligence-based vision processing technology for autonomous vehicles and ADAS systems. Through this acquisition, ZF accelerates its autonomous vehicle offerings and is working towards making them safe by reliably detecting and identifying other road users, road markings, or traffic signs, even in harsh weather conditions or poor lighting.
• In February 2022, Robert Bosch invested INR 2,000 Crore for the expansion of manufacturing facilities across India. The new facility would be primarily in advanced automotive technologies and digital mobility space.
• In February 2022, Denso Corporation invested USD 350 Million to take a minority stake in Japan Advanced Semiconductor Manufacturing, Inc. (JASM), Taiwan Semiconductor Manufacturing Company Limited's (TSMC's) majority-owned manufacturing subsidiary in Japan.