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.
Key Market Trends
Increase in the Number of Road Fatalities
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 -
- According to a preliminary estimate published by the Governors Highway Safety Association (GHSA), in 2018, in the United States, 6,227 pedestrians were killed in road fatalities, a 51% increase, compared to 2009.
- Five states in the country, namely, Arizona, California, Florida, Georgia, and Texas, accounted for 46% of all pedestrian deaths, despite representing only 33% of the US population, according to Census data. California recorded the largest number of pedestrian deaths, at 432.
- In 2017, in India, the government data showed that the number of fatalities shot up, from 12,330 in 2014 to 20,457 in 2017, an increase of around 66%, which translated to 56 pedestrians' deaths, daily.
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.
Europe is Expected to Witness High Adoption Rate
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.
- In March 2019, EU institutions agreed on the revision of the General Safety Regulation that may make many vehicle safety measures mandatory from 2022 in vehicles across EU countries. The new proposal is expected to save over 25,000 lives and prevent 140,000 serious injuries by 2038, in line with the “Vision Zero,” which aims to achieve the target of zero fatalities and serious injuries by 2050.
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.
- In February 2019, the Federal Statistical Office reported that 3,265 people were killed in traffic accidents in 2018, an increase of 2.7% was observed when compared to that of 2017.
- An increase in the number of death was the result of the rise in deaths of cyclists and motorcyclists.
- However, the country witnessed a decline in the number of pedestrian deaths by approximately 6%.
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.
- To reduce the number of accidents and fatalities, the department of transportation has made it compulsory to incorporate forward collision avoidance technology system in vehicles from 2017 onward. This system is a combination of long-range detection (e.g., adaptive cruise control), short-range and wide-angle system (e.g., pedestrian detection), and autonomous emergency braking. This regulation is anticipated to drive the market for pedestrian detection systems in the country during the forecast period.
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.
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Table of Contents
1.2 Scope of the Study
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
5.1.4 Other Types
5.2.1 North America
22.214.171.124 United States
126.96.36.199 Rest of North America
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
220.127.116.11 South Korea
18.104.22.168 Rest of Asia-Pacific
5.2.4 Rest of the World
22.214.171.124 Saudi Arabia
126.96.36.199 Other Countries
6.2 Company Profiles
6.2.1 Automobile Manufacturers
188.8.131.52 Toyota Motor Corporation
184.108.40.206 Volvo Cars
220.127.116.11 Audi AG
18.104.22.168 Nissan Motor Co. Ltd
22.214.171.124 Honda Motor Company Ltd
126.96.36.199 General Motors Company
6.2.2 Suppliers of Pedestrian Detection Systems and Components*
188.8.131.52 Aptiv PLC
184.108.40.206 Robert Bosch GmbH
220.127.116.11 Continental Reifen Deutschland GmbH
18.104.22.168 DENSO Corporation
22.214.171.124 FLIR Systems Inc.
126.96.36.199 Panasonic Corporation