Market Share of Europe Automotive Pedestrian Protection System Market
The automotive pedestrian protection system market is set to grow significantly, from US$ 7.23 billion in 2024 to US$ 18.84 billion by 2031, driven by a CAGR of 14.7%. This growth is mainly due to increasing safety concerns, government initiatives to reduce pedestrian fatalities, and stringent regulations, particularly in the European Union. The market is propelled by the adoption of advanced technologies like automatic braking, collision avoidance systems, and external airbags. Europe leads the market, with major players such as Bosch, Continental AG, and Denso pushing innovations in sensor technologies like LiDAR and radar. Additionally, the rise of electric and autonomous vehicles is boosting demand for pedestrian safety systems.