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Pedestrian Detection System Market Trends

Report ID: GMI6833
Published Date: Sep 2023
Report Format: PDF

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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.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of pedestrian detection system reached USD 7.5 billion in 2022 and is poised to expand at over 15% CAGR from 2023 to 2032, attributed to the intensifying concerns about road safety due to the increasing number of pedestrian-vehicle accidents.

The camera segment held over 38% of the market share in 2022, owing to the ongoing advancements in computer vision technology.

North America market size generated more than USD 2.5 billion in 2022, due to the rise in accidents involving pedestrians and vehicles.

Some of the leading pedestrian detection firms include Valeo, Aptiv, ZX Friedrichshafen, Intel Corporation, Robert Bosch, Continental, and Denso Corporation.