The Commercial Vehicle Safety Systems Market had a strong performance in 2020, and it is expected to continue growing steadily with a revenue CAGR during the forecast period. The market growth is primarily driven by two factors: the increasing use of sensors to track pedestrian collisions and the higher usage of airbag control units that activate actuators for lifting the engine hood. When the system is activated, the rear segment of the hood is elevated, and the driver is alerted automatically. These safety systems, such as pop-up hoods, speed airbags, and flexible air tubes, are designed to protect pedestrians' heads and limbs during a sudden accident.

The global Commercial Vehicle Safety Systems market is also driven by the increasing number of road accidents, higher adoption rates of advanced emergency braking and collision control systems, and rising demand for vehicles with improved visibility and safety features. Additionally, changing consumer preferences for enhanced driving experiences and increasing demand for luxury models are driving the market. Furthermore, key corporations are making technological advancements to improve safety features, which would benefit the international industry's expansion.

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The Commercial Vehicle Safety Systems Market is a segment of the automotive industry focused on developing and implementing safety systems to protect pedestrians in the event of a collision with a commercial vehicle. The market has seen significant growth in recent years, driven by an increasing number of road accidents, higher adoption rates of advanced emergency braking and collision control systems, and rising demand for vehicles with improved visibility and safety features.

Commercial Vehicle Safety Systems use a variety of technologies to detect pedestrians and reduce the risk of injury or death in the event of a collision. These technologies include sensors, cameras, airbags, and other cushioning systems that can be activated automatically when a collision is detected.

Driving factors of Commercial Vehicle Safety Systems Market

  • Increasing implementation of sensors to help in tracking pedestrian collisions.
  • Higher usage of airbag control units that can activate actuators for lifting the engine hood.
  • Rising demand for vehicles with improved visibility and safety features.
  • Increasing number of road accidents.
  • High adoption rate of advanced emergency braking systems and collision control systems.
  • Changing consumer preferences for enhanced driving experiences.
  • Increasing demand for luxury models.
  • Technological advancements made by key corporations for the improvement of safety features.

Some of the notable innovations in the Commercial Vehicle Safety Systems Market

  • Pop-up hood systems: These systems use sensors to detect a pedestrian impact and activate the hood, lifting it up to provide cushioning and reduce the impact force.

  • Speed airbags: These airbags deploy at a lower speed than traditional airbags and are designed to provide protection for pedestrians who are hit at lower speeds.

  • Flexible air tubes: These air tubes deploy from the A-pillar of the vehicle and are designed to cushion the pedestrian's impact.

  • Active Commercial Vehicle Safety Systems: These systems use sensors and cameras to detect pedestrians and can automatically apply the brakes or take other actions to avoid collisions.

  • Night vision systems: These systems use infrared cameras to detect pedestrians in low light conditions and can alert the driver to their presence.

  • Virtual mirrors: These mirrors use cameras and screens to provide the driver with a view of the vehicle's surroundings, reducing blind spots and improving visibility for pedestrians.

  • Autonomous emergency braking: These systems use sensors and cameras to detect pedestrians and can automatically apply the brakes if a collision is imminent, reducing the risk of injury or death.

Major Companies Profiled In The Report:

  • Mobileye
  • Continental AG
  • DENSO Corporation
  • Nissan Motor Co., Ltd.
  • Fiat Chrysler Automobiles N.V
  • Robert Bosch GmbH
  • Audi AG
  • ZF Friedrichshafen AG
  • VALEO
  • Autoliv, Inc.

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