Pedestrian Detection System Market Analysis

Pedestrian Detection System Market Analysis

Based on components, the market is divided into hardware and software. The hardware segment accounted for a market share of over 72% in 2023. Hardware components in PDS are critical in determining the system's functionality, reliability, and overall effectiveness. It typically includes cameras, sensors, control units, and other related devices. Cameras are used to capture real-time images and videos of the vehicle's surroundings. It includes the development of infrared & thermal cameras for better night-time detection and adverse weather conditions.
 

Sensors such as radar, LiDAR, and ultrasonic sensors detect objects around the vehicle by measuring the distance and speed of moving objects. These sensors complement cameras by providing additional data points, making PDSs more robust. The control unit is the brain of the PDS. It processes data from cameras and sensors using advanced algorithms and ML to identify pedestrians and predict their movements.
 

Based on the distribution channel, the pedestrian detection system market is categorized into Original Equipment Manufacturers (OEMs) and aftermarket. OEMs are expected to hold over USD 24.5 billion by 2032. The OEM is a critical pathway through which PDSs are integrated into vehicles. It is used for producing & assembling vehicles, incorporating various components, including PDSs. It ensures that these systems are seamlessly integrated into new vehicles, enhancing the overall safety features and consumer appeal. It helps vehicles comply with safety regulations and standards set by governments and regulatory bodies.
 

Continuous innovations in pedestrian detection technologies are enabling OEMs to offer more sophisticated and reliable safety systems, enhancing their vehicle offerings. The demand for this channel is rising due to regulatory mandates, growing consumer awareness about vehicle safety, and advancements in autonomous and semi-autonomous vehicles.
 

North America had a significant share of the pedestrian detection system market with approximately 33% of the share in 2023. The region’s market for PDS is characterized by a mix of technological innovation, stringent safety regulations, and the growing consumer demand for advanced safety features. The U.S. has several leading technology companies and automotive manufacturers that are at the forefront of developing & implementing advanced pedestrian detection technologies. The development of smart cities and urban mobility solutions in the region is driving the implementation of these systems to enhance safety in densely populated areas.
 

The region is witnessing a rise in pedestrian & vehicle accidents, prompting a high focus on safety. For instance, in January 2022, Transports Canada updated its safety standards to require new vehicles to be equipped with pedestrian detection systems as part of their ADAS. This regulation aims to reduce pedestrian injuries & fatalities on Canadian roads. It encourages the deployment of these systems, underscoring their pivotal role in saving lives and reducing accidents.