Pedestrian Detection System Market Witnessing High Growth By Key Players

The pedestrian detection system for automotive is an automated sophisticated driver assist system whose main function is to scan and detect pedestrians, cyclists, and objects on the road and avoids the vehicle from following towards the pedestrian direction, thereby restricting road fatalities. The pedestrian detection system for automotive is an important and vital technology of the advance driver assistance system (ADAS), which primarily assists the driver and offers safety to both vehicle and passenger. The pedestrian detection system detects pedestrian and other obstacles via cameras, LiDAR, and other optical sensors and alerts the driver through an automatically triggered alarm. It also detects and warns against other vehicles as an add-on feature, which helps prevent possible vehicle collision.

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Rapid increase in population and rise in number of pedestrians on the street is fuelling the demand for safety while driving. These are key factors that are likely to boost the pedestrian detection system for automotive market during the forecast period. Rising pedestrian fatalities, which accounts for around 31,000 pedestrian deaths and approximately 430,000 getting injured across the globe, every year, is a major concern, which has prompted auto manufacturers to develop technology that detects pedestrians supplemented with certain change in road traffic safety norms and policies. This is another factor that is projected to drive the pedestrian detection system for automotive market during the forecast period. Furthermore, surge in adoption of advance driver assistance system in vehicles, owing to safety and safety regulations and the introduction of autonomous cars and their adoption are likely to propel the pedestrian detection system for automotive market during the forecast period. However, integrated low resolution camera coupled with large distance of the pedestrian is likely to pose a challenge for the system to detect and warn the driver of the possible presence of a pedestrian. Additionally, different backgrounds and body shapes, size, and colors of clothes are expected to hinder the efficiency of the pedestrian detection system for automotive.

The global pedestrian detection system for automotive market can be segmented based on component, vehicle type, sales channel, and region. Based on component, the pedestrian detection system for automotive market can be bifurcated into camera, sensor, and others. In terms of component, the camera segment holds a higher share of the market, as compared to other segment. This is majorly due to the component being vital to the system, which scans and detects a pedestrian and alerts the vehicle’s driver.