The North America pedestrian detection systems market size is projected to expand at a significant CAGR during the forecast period, 2021-2028. The growth of the market is attributed to increasing various technological advancements.
Pedestrian detection systems are also known as pedestrian crash avoidance mitigation (PCAM) systems or pedestrian detection systems. It referred to all those systems that use computer and artificial intelligence technology to recognize pedestrians and bicycles in an automobile’s path to take action for safety. Pedestrian detection is the task of detecting pedestrians from a camera and they are coupled with a cars automatic emergency braking systems. This technology assists drivers during the nights, forming an essential component of the driver assistance systems in the automotive industry. This system uses a measure to mitigate the issue of car crash accidents to pedestrians.
The COVID-19 pandemic has negatively impacted the pedestrian detection systems market due to decreasing production and demand, creating supply chain and market disruption. However, the relaxation in restriction is expected to drive the market growth.
Market Trends, Drivers, Restraints, and Opportunities
- Rising stringent government safety regulations is anticipated to drive the market growth during the forecast period.
- Growing safety concerns about pedestrian in developing countries is expected to spur the market growth during the forecast period.
- Rising awareness regarding the importance of safety features and avoiding vehicle collision is anticipated to drive the market growth during the forecast period.
- Growing demand for advanced driver assistance is expected to spur the market growth during the forecast period.
- Increasing advanced safety features in vehicles is projected to boost the market growth in the coming years.
- Growing demand for aftermarket pedestrian detection systems is expected to spur the market growth during the forecast period.
- Increasing number of accidents and the loss of lives and properties around the globe is anticipated to drive the market growth during the forecast period.
- Rising high disposable income and demand for cars with such luxury features is projected to boost the market growth in the coming years.
- High cost of systems is estimated to restrict the market growth in coming years.
- Increasing number of automobile manufacturers can create lucrative opportunities during the forecast period.
Scope of the Report
The report on the North America pedestrian detection systems market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Pedestrian Detection Systems Market - North America Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Video, Infrared, Hybrid, and Others)
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Geography
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The US, Canada, Mexico, and Rest of North America
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Robert Bosch GmbH; Continental AG; Visteon Corporation; Mobileye; DENSO Corporation; and Toyota Motor Corporation
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North America Pedestrian Detection Systems Market Segment Insights
Hybrid segment to hold a significant market share
Based on types, the market is divided into video, infrared, hybrid, and others. The infrared segment is anticipated to hold a key share of the market in the coming years. Infrared type exhibits a unique advantage in dark environment or bad weather compared to daytime visible images. Moreover, it detects persons in outdoor thermal images. However, the hybrid segment is anticipated to expand at a rapid pace during the forecast period, as it provides e fundamental information for semantic understanding of the video footages.
Canada is estimated to account a major market share
On the basis of geography, the market is classified as the US, Canada, Mexico, and Rest of North America. The US is expected to constitute a key share of the market during the projected period due to increasing demand for ADAS system for collision warning. However, the market in Canada is anticipated expand at a rapid pace during the forecast period owing to high adoption rate of the advanced safety technologies in the vehicles.
Segments
Segments Covered in the Report
The North America pedestrian detection systems market has been segmented on the basis
Types
- Video
- Infrared
- Hybrid
- Others
Geography
- The US
- Canada
- Mexico
- Rest of North America
Key Players
- Robert Bosch GmbH
- Continental AG
- Visteon Corporation
- Mobileye
- DENSO Corporation
- Toyota Motor Corporation
Competitive Landscape
Key players competing in the North America pedestrian detection systems market includes Robert Bosch GmbH; Continental AG; Visteon Corporation; Mobileye; DENSO Corporation; and Toyota Motor Corporation.
Some of these players are engaging in business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market share.
In January 2018 NXP Semiconductors N.V., LG Electronics, and HELLA Aglaia have announced a strategic collaboration for automotive vision applications to bring rapid innovation to a crucial area of autonomous development.
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