According tot the research report titled ‘Automotive Pedestrian Protection System Market Size By Product (Active, Passive), By Vehicle (Passenger Cars, Commercial Vehicles, Electric & Hybrid Vehicles), By Distribution Channel (OEM, Aftermarket), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, China, India, Japan, South Korea, Thailand, Indonesia, Mexico, Brazil , Argentina, Turkey, Iran, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024’, available with MarketStudyReport, global automotive pedestrian protection system market is slated to display a healthy CAGR over the forecast period 2018-2024.
 

Imposition of strict vehicle safety norms across developed nations, developments in detection technology, and integration of emergency braking systems are the major factors stimulating worldwide automotive pedestrian protection system industry growth.
 

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Furthermore, increasing use of mobile phones, low visibility in poor surrounding light, and low reaction times required for mitigating collision are causing a surge in cases of human fatalities on roads, which is in turn, propelling the overall market demand.
 

Additionally, use of electronic devices such as earphones while crossing roads increase the possibility of accidents. Thus, rising concerns regarding high number of road accidents are leading to increased adoption of safety technologies in vehicles.
 

Despite the positive outlook, high costs associated with integration & replacement of passive technologies once activated is expected to impede industry development over the upcoming years.
 

Based on product type, passive automotive pedestrian protection system market segment is expected to gain significant traction over the estimated timeframe, owing to adoption of passive safety in passenger vehicles as well as increasing applications for reducing the impact of frontal collisions. It includes pop-up hoods and external airbags which are activated on collision and shield the victim’s body from harm.
 

Considering vehicle type, passenger car segment accounted for a substantial volume share in 2017, driven by high deployment of active and passive safety systems in these vehicles.
 

Moving on to distribution channel, OEMs (original equipment manufacturers) segment is poised to garner an exceptional CAGR over 2018-2024. Development of accident prevention capabilities as well as efficient detection at steep turns, along with robust components for increased useful life will drive segmental growth in the upcoming years.
 

On the geographical front, the research literature deems North America, Europe, Latin America, Asia Pacific, and MEA to be major contributors to industry remuneration.
 

Speaking of competitive landscape, prominent players in global automotive pedestrian protection system market include ZF Friedrichshafen AG, Volvo Car Corp., Valeo S.A., Toyota Motor Corp., Subaru Corp., Robert Bosch GmbH, Nissan Motor Corp., Mobileye Technologies Ltd., Magneti Marelli SpA, Honda Motor Co. Ltd., General Motors Co., Ford Motor Co., Denso Corp., Daimler AG, Continental AG, Bayerische Motoren Werke (BMW) AG, Autoliv Inc., and Audi AG.