Pedestrian Detection System Market Size

Pedestrian Detection System Market Size

Pedestrian Detection System Market size was valued at USD 8.7 billion in 2023 and is estimated to register a CAGR of over 14.8% between 2024 and 2032. With increasing urbanization, there is a rise in road traffic. This leads to increasing traffic accidents involving pedestrians, driving the market for pedestrian detection systems. These systems use sensors, such as cameras, radar, and LiDAR, to detect pedestrians in a vehicle's path. When a pedestrian is detected, the system alerts the driver with visual/audio warnings.

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In some advanced systems, PDS even triggers automatic emergency braking to prevent a collision. As the severity of pedestrian accidents becomes more alarming, there is a growing focus on implementing preventative measures. Contextually, PDS technology offers a tangible solution that can be integrated into vehicles to address the concern.
 

The integration of PDS with Advanced Driver Assistance Systems (ADAS) is a significant growth driver for the pedestrian detection system market by enhancing overall vehicle safety and performance. It leverages a combination of sensors, cameras, radar, and Artificial Intelligence (AI) to detect & respond to pedestrians and other obstacles. This integration significantly reduces the chance of accidents by providing real-time alerts and automatic braking to prevent collisions with pedestrians. Continuous improvements in sensor technology, Machine Learning (ML) algorithms, and AI have enhanced the accuracy and reliability of PDS.
 

For instance, in March 2022, Toyota launched the latest version of the Toyota Safety Sense (TSS) suite, which includes enhanced pedestrian detection capabilities. This integration improves the accuracy and effectiveness of the ADAS. It provides better protection for pedestrians through improved radar and camera technology.

Integrating advanced PDS technology, particularly systems using LiDAR, can be expensive for automakers. This can translate to higher vehicle costs, potentially impacting consumer affordability. Every vehicle cannot be easily retrofitted with PDS technology, especially the older models. This limits the immediate impact on overall pedestrian safety. These systems collect data from sensors, raising concerns about data privacy and the potential misuse of this information. Addressing these concerns is crucial for building consumer trust.
 

The lack of standardized regulations across different regions regarding PDS performance and functionality can create challenges for automakers developing & deploying these systems globally. PDS-triggered automatic emergency braking might have to make split-second decisions in emergency situations. It can raise ethical questions about who/what the system prioritizes.