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Pedestrian Protection Airbag Market Size
- Report ID: GMI12834
- Published Date: Dec 2024
- Report Format: PDF
Pedestrian Protection Airbag Market Size
The global pedestrian protection airbag market size was valued at USD 3.5 billion in 2024 and is projected to grow at a CAGR of 10.5% between 2025 and 2034, due to the integration of Advanced Driver Assistance Systems (ADAS) and collision avoidance technologies. These integrations improve the efficiency of pedestrian safety features in vehicles.
ADAS includes technologies such as automatic emergency braking, pedestrian detection systems, lane keep assist, and adaptive cruise control, which help drivers make safer decisions, maintain better control of the vehicle, and avoid accidents. When combined with pedestrian protection airbags, these systems significantly enhance the prevention of injuries in pedestrian accidents.
| Report Attribute | Details |
|---|---|
| Base Year: | 2024 |
| Pedestrian Protection Airbag Market Size in 2024: | USD 3.5 Billion |
| Forecast Period: | 2025 to 2034 |
| Forecast Period 2025 to 2034 CAGR: | 10.5% |
| 2034 Value Projection: | USD 9.4 Billion |
| Historical Data for: | 2021 – 2024 |
| No. of Pages: | 180 |
| Tables, Charts & Figures: | 200 |
| Segments covered: | Technology, Airbag Placement, Vehicle, Deployment Mechanism, Sales Channel |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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For instance, in May 2024, Epiroc launched the fourth generation of its Titan Collision Avoidance System (CAS), a significant advancement aimed at enhancing safety and operational efficiency in mining environments. This new iteration incorporates several key improvements designed to meet the evolving needs of the industry. The system combines low-frequency, time-of-flight, and sub-GHz RF technologies to improve vehicle-to-vehicle and vehicle-to-pedestrian detection. This multi-faceted approach enhances the system's ability to identify potential collision scenarios effectively.
The increasing number of pedestrian fatalities and injuries is another key factor driving the demand for pedestrian protection airbags. As urbanization progresses worldwide, pedestrian traffic has grown, particularly in crowded cities where roads are shared by vehicles and pedestrians. This has resulted in a rise in pedestrian accidents, leading to more fatalities and severe injuries.
Traffic safety data indicates that pedestrian deaths are a significant concern, especially in developed regions like the United States, European countries, and rapidly urbanizing areas in Asia. This public safety issue has raised awareness among regulators, vehicle manufacturers, and consumers, encouraging the adoption of advanced safety solutions such as pedestrian protection airbags.
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Pedestrian Protection Airbag Market Scope
