Pedestrian detection system market is anticipated to grow at a significant CAGR of 14.5% during the forecast period (2024-2031).A Pedestrian Detection System (PDS) is a technology that uses sensors, cameras, and artificial intelligence (AI) to identify pedestrians near vehicles, helping to prevent or mitigate potential collisions. It is a type of Advanced Driver-Assistance System (ADAS) which is a part of almost all kinf of expensive vehicles and now companies are providing in lower segment vehicales as well

Market Dynamics

The integration of PDS with other ADAS features, such as automatic emergency braking (AEB)

With the increasing cases of road accident several government and private organizations Concerns about safty and security are pushing individuals and businesses towards vehicle safety concers. Hence the several government and private organizations are focusing on increasing safety features of the vehicles. According to National Highway Traffic Safety Administration, the majority ofits research efforts to date have been focused on DBS and CIB systems that detect and react to other vehicles and objects, NHTSA is also pursuing research related to advanced systems that are also capable of pedestrian detection, warning and automatic emergency braking.  It is currently working with several industry partners to evaluate a variety of leading-edge pedestrian detection technologies that can both warn and automatically apply the brakes if the system detects a pedestrian collision is imminent. 

Increasing R&D Imvestment for more sophisticated AI algorithms

The ongoing development of such sensor technologies has not only enhanced the detection accuracy and reliability but also led to the creation of more advanced pedestrian safety systems. With the advent of autonomous vehicles in the automotive industry, integration is very important for advanced sensors and this gives an opportunity for a pedestrian protection system market towards growth. 

Market Segmentation

Our in-depth analysis of the global pedestrian detection system market includes the following segments by type and component:

• Based on type, the market is sub-segmented into camera, lidar, infrared radiation, and other.

• Based on the component, the market is divided into hardware and software.

Camera is Projected to Emerge as the Largest Segment

Among the types,the camera sub-segment is expected to grow significantly in the forecasting period. Camerashavedeveloped more intelligent at recognizing pedestrians owing to sophisticated deep-learning algorithms and convolutional neural networks. The ability of camerato accurately detect & identify pedestrians under various lighting and environmental conditions has significantly improved. This has made cameras a preferred choice for pedestrian detection, particularly in ADAS, where their high-resolution imaging and cost-effectiveness contribute to their growing prominence in the market.

Regional Outlook

The global pedestrian detection systemmarket is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). 

Europeis the Fastest Growing Pedestrian detection system Market

• The rise in the number of accidents, resulting in loss of lives and properties across the Europe, is being considered one of the major factors driving the demand for and development of advanced automobile safety systems.

• Increasing demand for ADAS and other safety features in automobiles fordriver safety in road accident has contributed significantly to the Pedestrian detection system market growth. 

Global Pedestrian Detection System Market Growth by Region 2024-2031

North America Holds Major Market Share

The North America region holds major market sharein the global pedestrian detection system market and is expected to grow furtherwith a growing importance ofsafety and increasing number of road accident. According to The National Highway Traffic Safety Administration in 2022, estimating that 42,795 people died in motor vehicle traffic crashes. This represents a small decrease of about 0.3% as compared to 42,939 fatalities reported for 2021. The estimated fatality rate decreased to 1.35 fatalities per 100 million vehicle miles traveled in 2022, down from 1.37 fatalities per 100 million VMT in 2021. Americans are driving more than they did during the height of the pandemic, almost a 1% increase over 2021. 

Hence the demand for safety features in automobiles in on the rise, for which the major players are focusing on product launches to stay competitive in the market. For instance, in October 2023, Four companies and university researchers have shared details about sensors and systems they’re using, or that are in development, to improve driver and pedestrian safety at night, detect objects and pedestrians on the road from further away, and slow vehicles down.Improved developments in vehicle object recognition rates are also being explored by Koito Manufacturing Co. and Denso Corp. The companies are collaborating on the development of a system to improve the rate at which vehicle image sensors see objects and pedestrians by coordinating lamps and image sensors with the goal of improving driving safety at night.

Market Players Outlook

*Note: Major Players Sorted in No Particular Order.

The major companies serving the global pedestrian detection systemmarket includeAB Volvo, BMW AG, Continental ZX,Denso Corp, Mercedes-Benz Group AG, and Volkswagen AG amongothers.The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in August 2023, Dubai Silicon Oasis (DSO), the special economic zone for knowledge and innovation and a member of the Dubai Integrated Economic Zones Authority (DIEZ), and Derq, a prominent developer of artificial intelligence (AI) analytics solutions for road safety and traffic management, have achieved a significant milestone through their successful implementation of 14 AI Smart Pedestrian Crossing Systems across Dubai Silicon Oasis. This achievement follows their partnership, where both entities joined forces to provide DSO with cutting-edge capabilities and smart city solutions.

The Report Covers

• Market value data analysis of 2023and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global pedestrian detection systemmarket. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.