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Pedestrian Detection System Market Share

Report ID: GMI6833
Published Date: Jul 2024
Report Format: PDF

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Pedestrian Detection System Market Share

Continental, Magna International, and Valeo dominate the market with around 24% of the market share. Continental AG is a leading global automotive supplier that specializes in delivering a wide range of products & services to the automotive industry. The company operates through five key segments: chassis & safety, powertrain, interior, tires, and contiTech. It is renowned for its advanced technologies in the areas of autonomous driving, safety systems, and connected mobility.

Magna International Inc. is one of the world’s largest and most diversified automotive suppliers. The company offers a comprehensive range of products & services, including vehicle engineering, body exteriors & structures, power & vision technologies, seating systems, and complete vehicle solutions. The company’s ADAS and autonomous vehicle technologies are at the forefront of its innovation efforts, aiming to enhance vehicle safety & performance.

Valeo is a leading global automotive supplier known for its innovative technologies & solutions aimed at improving vehicle efficiency, safety, and comfort. The company operates through four main business segments: comfort & driving assistance systems, powertrain systems, thermal systems, and visibility systems. The company is a pioneer in the development of ADAS, which includes cutting-edge pedestrian detection systems, automated parking, and driver monitoring technologies.

Pedestrian Detection System Market Companies

Major players operating in the pedestrian detection system industry are:

Continental AG
Valeo
Magna International Inc.
ZF Friedrichshafen AG
Denso Corporation
Robert Bosch GmbH
Intel Corporation
Aptiv
Siemens Mobility
NVIDIA Corporation

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of pedestrian detection system reached USD 8.7 billion in 2023 and is set to register a CAGR of over 14.8% between 2024 and 2032, owing to increasing urbanization, alongside a rise in road traffic leading to increasing traffic accidents involving pedestrians.

In 2023, hardware segment accounted for a market share of over 72% and will continue to gain traction as these components in PDS are critical in determining the systems functionality, reliability, and overall effectiveness.

North America market held a revenue share of approximately 33% in 2023, characterized by a mix of technological innovation, stringent safety regulations, and the growing consumer demand for advanced safety features.

Continental AG, Valeo, Magna International Inc., ZF Friedrichshafen AG, Denso Corporation, Robert Bosch GmbH, Intel Corporation, Aptiv, Siemens Mobility, and NVIDIA Corporation among others.