In a recent published report, Global Pedestrian Detection Systems Market report for till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand forGlobal Pedestrian Detection Systems Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.
Pedestrian detection is an important entity in any surveillance system – it provides a clear understanding towards the semantics involved in deciphering video footages. This forms a crucial application development for the automotive industry as it could directly and positively affect the safety systems across the landscape. Most such software systems are designed to help avoid cars hitting a pedestrian or to minimize injuries by slowing or stopping the vehicle before it hits the individual.
The technology uses advanced sensors to detect human activity and movements and alerts the driver. There are much advanced software that even goes as far as to stop the brakes automatically when required. Stereoscopic cameras and radars are used to detect subtle movements in people. Infrared technology is being heavily used to help with the same during night time.
The end users for a technology such as this are the car and other heavy vehicle manufacturers who integrate it into their systems in order to help control their vehicles during heavy traffic and minimize accidents and losses.
The rapidly growing population along with the heavy increase in the average number of vehicles on road are the reasons for the growing concerns for enhanced pedestrian detection systems. The most important application of the software is to mitigate human loss due to errors on the road. Most developed countries have the technology totally equipped to handle pedestrian detection while it is still on its way towards application in developing nations. High disposable income amongst the top bracket also allows for luxury cars to have such features to sell better.
It has been found that usage of the technology could mitigate pedestrian crashes to 5000 vehicle-pedestrian crashes and 810 fatal vehicle-pedestrian crashes per year (U.S. Department of Transportation).
This is useful not just to the community in particular but also to the car manufacturer for whom the safety of their fleet is a matter of grave concern. Overall, it also ensures that the control over the number of fatalities is maintained and that the driver is better aware of his/her movements aided by the technology.
Most car and heavy vehicle manufacturers use this technology in their systems – this helps them stay ahead of the curve and also manage to charge an extra premium for automating a process where human intervention was considered difficult few decades back.
While all key automobile manufacturers are looking at the world over to introduce this software, the US and the European markets are clearly ahead in terms of proper usage. The fastest growing segment is the commercial vehicles and is driven by the need to enhance safety since these vehicles travel long distances.
North America and Europe rank high in terms of being the first movers into this space. Developing countries such as China and India are not too far behind in catching up. This is also facilitated by the fact that quite a few global automobile manufacturers have laid down models the world over that come equipped with this technology.
Some of the key players in this field are companies such as Bosch, Denso, Delphi, Toyota, Volvo, Audi, Nissan, Honda, General Motors, BMW and FLIR Systems.
Report ContentsRegional AnalysisReport Highlights
Global Market segments
Global Market Drivers, Restraints and Opportunities
Global Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Global Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Estimated Market Sizing in terms of volume and value
Recent trends in market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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