Market Size of Global Pedestrian Detection Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 15.50 % |
| Fastest Growing Market | Europe |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Pedestrian Detection Systems Market Analysis
The pedestrian detection system market was valued at USD 6,071.18 Million in 2021 and is projected to grow to 14,413.36 Million by 2027, registering a CAGR of 15.5% in terms of revenue during the forecast period.
The COVID-19 pandemic had a massive impact on the market studied as lockdowns and trade restrictions have 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 developments to create momentum in the market during the forecast period.
Over the medium term, Growing production of vehicles with integrated ADAS features in the wake of rising awareness toward comfort and safety of passengers and government regulations mandating safety features are expected to drive demand in the market.
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 at 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 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.
Pedestrian Detection Systems Industry Segmentation
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, component, and geography.
Based on the type, the market is segmented into Video, Infrared, Hybrid, and Other Types.
Based on the component, the market is segmented into sensors, Cameras, Radar, and Others.
Based on geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
For each segment, the market sizing and forecast have been done on the basis of value (USD Million).
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| Video | |
| Infrared | |
| Hybrid | |
| Other Types |
| Component | |
| Sensor | |
| Camera | |
| Radar | |
| Others |
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Global Pedestrian Detection Systems Market Size Summary
The pedestrian detection systems market is poised for significant growth, driven by increasing awareness of passenger and pedestrian safety, alongside government regulations mandating advanced safety features in vehicles. These systems, integral to advanced driver assistance systems (ADAS), are designed to prevent collisions, particularly at night, using technologies like near-infrared cameras. The market's expansion is supported by the rising production of vehicles equipped with these systems, as well as the growing demand for premium vehicles. However, challenges such as the difficulty in detecting pedestrians in adverse weather conditions could impede market growth. The automotive industry's focus on enhancing night vision systems and the rise of autonomous vehicles present further opportunities for market development.
The market landscape is characterized by a concentration of major players, including Denso Corporation, Continental AG, Valeo SA, Robert Bosch, and ZF Friedrichshafen AG, who are actively investing in research and development to advance pedestrian detection technologies. Strategic partnerships and expansions, such as ZF's investment in manufacturing facilities and acquisitions like Stradvision, are expected to drive innovation and market growth. Regulatory measures in regions like Europe, which mandate the inclusion of various ADAS features, are anticipated to further boost demand. As consumer awareness of vehicle safety technologies increases, the market for pedestrian detection systems is set to expand, supported by ongoing advancements in automotive safety technologies.
Global Pedestrian Detection Systems Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD Million)
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2.1 Type
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2.1.1 Video
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2.1.2 Infrared
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2.1.3 Hybrid
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2.1.4 Other Types
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2.2 Component
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2.2.1 Sensor
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2.2.2 Camera
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2.2.3 Radar
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2.2.4 Others
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Rest of North America
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Spain
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2.3.2.5 Italy
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2.3.2.6 Russia
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2.3.2.7 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 South Korea
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 Rest of the World
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2.3.4.1 Brazil
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2.3.4.2 Saudi Arabia
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2.3.4.3 Other Countries
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Global Pedestrian Detection Systems Market Size FAQs
What is the current Global Pedestrian Detection Systems Market size?
The Global Pedestrian Detection Systems Market is projected to register a CAGR of 15.5% during the forecast period (2024-2029)
Who are the key players in Global Pedestrian Detection Systems Market?
DENSO Corporation, ZF Friedrichshafen AG, Robert Bosch GmbH, Continental AG and Valeo SA are the major companies operating in the Global Pedestrian Detection Systems Market.
