Pedestrian Detection System Market Analysis

Pedestrian Detection System Market Analysis

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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.