Pedestrian Detection System Market Size - By Component (Hardware [Sensors, Processors, Image Processors]), Software [Communication Interfaces, Deep Learning Models, Control & Decision-Making System]), Type (Camera, LiDAR, Radar, IR) & Forecast, 2023 - 2032

Pedestrian Detection System Market Size

Pedestrian Detection System Market size was valued at USD 7.5 billion in 2022 and is anticipated to register a CAGR of over 15% between 2023 and 2032. The increasing number of pedestrian-vehicle accidents, coupled with the growing urban population, is intensifying concerns about road safety. Pedestrian detection systems, equipped with advanced sensors and AI, are crucial in reducing pedestrian fatalities. Government regulations mandating their inclusion in vehicles, along with consumer demand for enhanced safety features, are driving market growth. Additionally, as autonomous vehicles gain traction, pedestrian detection systems are becoming indispensable components to ensure the safety of pedestrians and other road users in an evolving transportation landscape.
 

Advanced Driver Assistance Systems (ADAS) have become a major catalyst for the pedestrian detection system market. ADAS technologies, which include pedestrian detection features, are increasingly integrated into vehicles to enhance safety. Consumers, concerned about road safety, are showing a growing preference for vehicles equipped with ADAS, leading automakers to prioritize these features. As ADAS technology continues to evolve, pedestrian detection systems are becoming more accurate & sophisticated, further boosting their demand and adoption in the automotive industry.
 

False positives and false negatives present a significant challenge for pedestrian detection systems. False positives occur when the system mistakenly identifies non-pedestrian objects or shadows as pedestrians, potentially causing unnecessary alerts or interventions. On the other hand, false negatives happen when the system fails to detect actual pedestrians, leading to missed warnings or collisions. Striking the right balance between sensitivity and specificity to minimize both types of errors is crucial for building trust in the system & ensuring its effectiveness in real-world scenarios.
 

COVID-19 Impact

The COVID-19 pandemic had negative impacts on the pedestrian detection system market. Lockdowns, economic uncertainties, and reduced automotive production & sales hindered the adoption of advanced automotive safety technologies including pedestrian detection systems. Supply chain disruptions and reduced consumer spending on vehicles slowed down market demand. Additionally, as remote work and reduced travel became more common, the urgency to invest in vehicular safety features diminished, leading to a challenging market environment for pedestrian detection system providers.
 

Pedestrian Detection System Market Trends

AI-powered pedestrian crossing systems are significantly enhancing pedestrian safety, driving lucrative growth in the pedestrian detection system industry. These advanced systems use AI algorithms to detect pedestrians at crossings, optimizing traffic flow and reducing accidents. For instance, in August 2023, Dubai Silicon Oasis, which is part of the Dubai Integrated Economic Zones (DIEZ) Authority, and Derq, a leading developer of AI-based analytics solutions for traffic management & road safety, effectively deployed 14 AI Smart Pedestrian Crossing Systems throughout the Dubai Silicon Oasis. As demand grows, companies develop & innovate these AI-powered systems, creating opportunities for market expansion and fostering a safer urban environment.

Pedestrian Detection System Market Analysis

The electric segment held major pedestrian detection system market share in 2022. Thermal sensing systems are pivotal in improving nighttime pedestrian detection due to their ability to detect heat signatures, making them effective in low-light conditions. By providing reliable pedestrian detection in the dark, these systems enhance safety.
 

For instance, in September 2022, Lynred, a French company, and Umicore joined forces to create an enhanced thermal sensing system. This technology boosts the effectiveness and performance of Pedestrian Autonomous Emergency Braking (PAEB) in challenging lighting conditions. Thus, the increased demand for thermal sensors is propelling the hardware segment growth. This surge in adoption reinforces the significance of thermal technology in addressing nighttime pedestrian safety concerns.
 

The camera segment accounted for 38% of the pedestrian detection system market share in 2022. Advancements in computer vision technology have propelled the camera segment. Cameras have become more adept at recognizing pedestrians owing to sophisticated deep-learning algorithms and convolutional neural networks. Their ability to 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 Advanced Driver Assistance Systems (ADAS), where their high-resolution imaging and cost-effectiveness contribute to their growing prominence in the market.
 

North America pedestrian detection system market dominated around USD 2.5 billion revenue in 2022. Pedestrian fatalities are a pressing concern in North America, and this alarming trend is a key factor responsible for the market size. The region has witnessed a rise in accidents involving pedestrians and vehicles, prompting a heightened focus on pedestrian safety.
 

According to the National Highway Traffic Safety Administration, in 2021, around 7,388 pedestrians were killed in traffic crashes in the U.S., North America. These fatalities raised concerns over pedestrian safety and boosted the demand for stringent solutions to lower accident rates. To mitigate these fatalities, the adoption of pedestrian detection systems in vehicles and urban infrastructure is increasing. Government regulations and safety initiatives are also encouraging the deployment of these systems, underscoring their pivotal role in saving lives and reducing accidents.
 

Pedestrian Detection System Market Share

Major companies operating in the pedestrian detection system market are:

• Robert Bosch
• ntel Corporation
• Continental
• ZX Friedrichshafen
• Denso Corporation
• Valeo
• Aptiv

Robert Bosch dominated the market with a prominent share in 2022. The pedestrian detection system market features major companies in sensor technology, AI software & automotive industries, each competing to offer innovative solutions in the growing market.
 

Pedestrian detection system Industry News

• In May 2023, Volvo Trucks introduced advanced safety solutions aimed at enhancing the well-being of cyclists and pedestrians. The solution features the Front Short Range Assist system, which combines front radar and camera technology to identify potential collision risks with pedestrians or cyclists, effectively alerting the driver of the impending danger while simplifying their tasks.
   

This pedestrian detection system market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments:

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Market, By Component

• Hardware
• Sensors
• Processors
• Image processors
• Others 
• Software
• Communication interfaces
• Deep learning models
• Control & decision-making system
• Others

Market, By Type

• Camera
• LiDAR
• Radar
• IR 
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
  • Italy
  • Russia
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Southeast Asia 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • UAE
  • South Africa
  • Saudi Arabia