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According to Technavio’s market research report, the global commercial vehicle PPS market will grow at a steady rate and post a CAGR of more than 7% during the forecast period. The increasing regional and global regulations for the adoption of PPS systems in new motor vehicles will drive the growth prospects for the global commercial vehicle PPS market until the end of 2021. These regulations impose the mandatory factory-fitment of PPS to prevent pedestrian injuries and deaths that are caused by driver-based offenses such as drunken driving, distracted driving, and talking on the cell phone while driving. Various supporters such as Euro NCAP, the United Nations Economic Commission for Europe (UNECE), Society of Automotive Engineers (SAE), and Centre for Automotive Safety Research (CASR) are also increasingly encouraging the integration of PPS in all factory-fitted vehicles, which in turn, will stimulate growth in the global commercial vehicle PPS market.
The growing use of pedestrian safety and protection airbags will be one of the key trends that will influence the growth of the commercial vehicle PPS market. The airbag deployment technology used in active front panel systems, enables the truck to act as a cow-catcher and prevent pedestrians from being pulled under the truck. Also, as the front panel of the truck is pushed out, it creates a clearance between the front panel, the grille, and other rigid structures nearby.
The global commercial vehicle PPS market comprises of several vendors. A large number of vendors are increasingly involved in the production and distribution of various active safety systems such as the radar systems, vision systems, night vision systems, brake systems, and active hood or front panels. They also offer many passive safety systems such as the pedestrian protection airbags, seatbelts, steering wheel, passive safety electronics, and PPS.
Key vendors in this market are -
Other prominent vendors in the market include DAF, Iveco, Autoliv, Clarion, DENSO, Hitachi Automotive, Magna International, Mobileye, Valeo, and Wabco.
The automatic emergency braking systems (AEBS) segment accounted for the majority market share during 2016 and will continue its dominance in the global commercial vehicle PPS market throughout the projected period. The manufacturers of LCVs and HCVs are increasingly adopting the usage of automatic emergency braking systems in their vehicles to avoid lane departure and rear-end collisions in heavy-duty trucks and other vehicles. Also, the mandatory governmental initiatives to use AEBS in commercial vehicles will further drive the market segment's growth.
In terms of geography, EMEA accounted for the maximum market shares of the commercial vehicle pedestrian protection systems market during 2016 and will continue to dominate the market in the forthcoming years. The increasing number of guidelines that mandate the use of advanced braking systems in vehicles, stringent government regulations to reduce harmful emissions, and mandatory regulations to equip all vehicles with advanced driver assistance systems (ADAS), will drive the adoption rate commercial vehicle pedestrian protection systems in this region.
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Factors like the rising implementation of luxury features in commercial vehicles are predicted to influence the demand for pedestrian protection systems over the next couple of years. Technavio’s reports for the automotive electronics portfolio cover a broad range of markets including automotive components. Technavio also offers data on many factors like the evolution of consumer behavior and the demand-supply shifts in the automotive electronics industry’s marketspace. Our market research reports also offer extensive insights on all the vendors who possess significant market shares in the automotive industry.
To correctly estimate the industry’s growth possibilities, our market research specialists follow a triangulated approach of primary and secondary research and also conduct an extensive analysis of various features, such as technological development and the different products and services offered by the leading vendors in the automotive market space. To help clients develop new plans for growth, this upcoming industry research report on the global commercial vehicle pedestrian protection system market for the forecasted period of 2017 to 2021 offers a complete summary constructed from the statistics composed from reliable sources of information such as manufacturers, channel partners, regulatory bodies, and stakeholders.
This upcoming industry research report on the global commercial vehicle pedestrian protection system market also considers the growth of related markets such as automotive parking heater, which is expected to grow at a CAGR of nearly 4% by 2021. This upcoming industry research report on the global commercial vehicle pedestrian protection system market also enlists the market drivers, trends emerging, and the challenges currently come across by the automotive industry and also presents insights into segments like powertrain.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by technology
PART 07: Market segmentation by geography
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis: OEMs
PART 13: Key vendor analysis: Suppliers
PART 14: Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Tags: road safety, lane departure warning, automotive services, vehicle service, automotive industry trends, automotive electronics market study,
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