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Pedestrian Detection System Market Trends

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

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Pedestrian Detection System Market Trends

The PDS industry benefits from advancements in sensor technology such as LiDAR, radar, and cameras. These advancements enable more accurate detection of pedestrians in various lighting and weather conditions. LiDAR provides high-resolution 3D data of the surrounding environment. Radar excels in low-light conditions. Improved camera technology offers better image recognition capabilities. Newer sensors can detect pedestrians at a greater distance, giving drivers more time to react and potentially avoid collisions. These sensors also allow for more reliable detection in challenging weather conditions, including rain, fog, or even snow.

Additionally, AI algorithms play a crucial role in analyzing sensor data and effectively triggering warnings/emergency braking systems. For instance, in August 2023, Bosch introduced a new line of pedestrian detection systems integrated into its ADAS technology. The system uses AI and ML to improve detection accuracy. It is being incorporated into various automotive manufacturers' ADAS packages to enhance vehicle safety for pedestrians.

Stringent government regulations and safety mandates are critical growth drivers for the PDS market. They are designed to improve road safety by requiring the inclusion of advanced safety technologies in vehicles. A growing concern for road safety is prompting governments worldwide to implement stricter regulations.

The alarming number of pedestrian-vehicle accidents necessitates action to improve road safety. For instance, in October 2021, the National Highway Traffic Safety Administration (NHTSA) proposed a new rule that mandates Automatic Emergency Braking (AEB) systems, including pedestrian detection, in all new light vehicles. This rule aims to enhance vehicle safety and reduce pedestrian fatalities by requiring advanced safety features in new cars.

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.