Global Smart Automotive Bumper Market size by type ( plastic, metal and other sectors ) By Application ( OEMs and aftermarket )By Region ( North America, Europe, Asia Pacific, Middle East & Africa and Latin America); Trend Analysis, Competitive Market Share & Forecast, 2016-26
Published:
December 2019
Report Code:
BWC19368
Available Format:
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Pages:
165

global smart automotive bumper market bwc19368

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Global Smart Automotive Bumper Market size- Industry Trends & Forecast Report 2026

Global Smart Automotive Bumper Market has gained the momentum in recent years with a CAGR of 4.11%, in value terms, over the forecast period 2020-2026, and expected to reach at USD 1,452.84 Million by 2026. A few car producers are leaning toward adaptable and helpful to utilize plastic guards over traditional metal guards. Advantages, for instance, dynamic streamlined framework, execution dependability, and lesser expense are additionally factors further pushing the developing interest for Smart Automotive Bumper. With the developing worries of passerby wellbeing, merchants in this Smart Automotive Bumper market are progressively concentrating on the advancement of guard airbags, especially intended to shield the people on foot from colliding with vehicles. The presentation of guard airbags in SUVs spares people on foot from genuine wounds and fatalities as they are activated by the pre-crash radar sensor.

Global Smart Automotive Bumper Market Overview:

A Smart Automotive Bumper is a structure intended to ingest the effect of a street mishap and offer assurance to different passerby security and driver help frameworks. A smart or intelligent bumper is a structure designed to absorb the impact of a road accident and offer protection to various pedestrian safety and driver assistance systems. Smart Automotive Bumper has an integrated radar, front grill with de-icing system, lighting system based on flexible optical fibers, along with impact detection and absorption system.

Smart Automotive Bumper has an incorporated radar, front flame broil with de-icing framework, lighting framework dependent on adaptable optical filaments, alongside sway recognition and retention framework.

The utilization of lightweight materials for assembling car guards to guarantee upgraded eco-friendliness will be one of the key factors decidedly affecting the market's development during the following not many years. With administrative bodies over a few nations embracing mileage standards, OEMs are moving their concentration from the usage of customary materials to lightweight materials, for example, plastics for offering eco-friendly cars.

Global Smart Automotive Bumper Market Forecast and Trends

Growth drivers 

Use of lightweight materials to manufacture Smart Automotive Bumpers leading to enhanced fuel efficiency

The use of lightweight materials for the production of automotive bumpers to ensure improved fuel efficiency would be one of the main factors that will positively impact the growth of the industry in the coming years. With regulatory bodies implementing fuel efficiency requirements in many countries, OEMs are shifting their emphasis from using traditional materials to lightweight materials such as plastics to deliver fuel-efficient automobiles. Consequently, several automotive manufacturers are preferring flexible and convenient to use plastic bumpers over conventional metal bumpers.

Features such as the antilock braking system (ABS), ADAS, and the infotainment system, which were previously an integral component of luxury vehicles, are increasingly witnessing adoption in passenger cars at the entrance level. The integration of those features raises a vehicle's total weight. That explains the need to use lightweight materials to create lighter bumpers

Automakers focus on improved pedestrian safety to drive the Smart Automotive Bumper market

With the growing concerns of pedestrian safety, vendors in this automotive bumper market are increasingly focusing on the development of bumper airbags, particularly designed to protect the pedestrians from crashing into vehicles. The introduction of bumper airbags in SUVs saves pedestrians from serious injuries and fatalities as they are triggered by the pre-crash radar sensor.

Furthermore, companies in the market such as Ford have started patenting pedestrian protection systems equipped with inflatable bumper and airbags for the bonnet. Since these systems help in cushioning the impact of collisions the deployment of bumper airbags will increase in the coming years, which according to our Smart Automotive Bumper market research report, will be one of the major trends gaining traction in this market.

Restraints

High cost associated with manufacturing

High bargaining power of supplier related to spare parts and advanced products such as sensors, camera, lightning etc. for overall leads to high smart automotive bumper manufacturing cost. Leading OEM’s have fixed suppliers on contractual basis and few players prefer local supplier for cost effectiveness but they follow all the required guideline by government authority.  High manufacturing cost of automotive vehicle has been a major concern over their widespread adoption. As the popularity of smart or autonomous vehicle rises over the next decade, the drops in smart automotive bumper prices in developed economies while the price range will be static in emerging economies as per trend of technological adoption.

Impact of COVID-19 in automotive industry

The World Health Organization now considers the novel coronavirus (COVID-19) to be a pandemic. As the virus spreads and cases mount, and measures stiffen to control the spread of the virus, there are numerous ways the Manufacturing & Production at all levels will be impacting in the coming weeks and months. Developing countries are particularly at risk as COVID-19 due to a reduction in labor force, affect economies and livelihoods as well as reduction in production operations.

Day-to-day life is now reportedly gaining some normalcy in China, with auto plants cautiously resuming manufacturing operations and consumers slowly coming back to showrooms. Most dealers, however, continue to face inventory shortages. The US is COVID-19's current epicenter, where automotive production has stopped entirely with automakers GM, Ford and FCA not confirming any clear dates to reopen their plants. Other car manufacturers Honda, Toyota, and Hyundai are preparing to open their plants by mid-April, but even these car manufacturers are likely to prolong the shutdown given the situation in the USA.

Global Smart Automotive Bumper Market: Type

Global Smart Automotive Bumper market can be bifurcated into three categories such as plastic, metal and other sectors. Amidst the segmentation plastic segment projected to dominate the global smart automotive bumper market. The plastic segment register market size of USD 485.43 Million in 2019 and expected to reach USD  Million in 2026 at a lucrative CAGR. Organizations in the market, for instance, Ford have begun licensing walker insurance frameworks outfitted with inflatable guard and airbags for the hat. Since these frameworks help in padding the effect of crashes the arrangement of guard airbags will increase in the coming years, which as per our brilliant guard statistical surveying report, will be one of the significant patterns picking up footing in this market.


Global Smart Automotive Bumper Market: Application

On the basis of automotive smart bumper application, the market is bifurcated into OEMs and aftermarket. Followed by OEM’s, aftermarket sector projected to dominate global smart automotive bumper market with the significant market share  in 2026 and market size of USD  544.21 Million in 2026. With the progressive development of a few players, this market has all the earmarks of being concentrated. The degree of rivalry among the players in this car guard advertise is heightening and the organizations are centered around offering prevalent items by joining sensor combination method with automotive bumper. OEMs are conveying Smart Automotive Bumper outfitted with different ADAS sensors for vulnerable side checking and impact recognition. Connected vehicles and infrastructure, autonomous vehicles and features, consumer electronics, and data collection and analytics are a few of the technologies paving the way for a safer private sector transportation landscape.

 

Global Smart Automotive Bumper Market: Regional insights

By geography, the global Smart Automotive Bumper Market segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The North American region represented the most extreme development of the Smart Automotive Bumper market. With the expanding selection of premium and extravagance vehicles in the propelled economies, for example, the US, this locale will proceed with its strength in this car guard advertise during the following scarcely any years too. Smart Automotive Bumpers incorporate a functioning streamlined framework and are relied upon to acquire lesser support costs. Due to its simple accessibility and less cost value, plastic guards are relied upon to enter a more extensive market. Therefore, Smart Automotive Bumper producers are concentrating on materials that have streamlined properties alongside execution security. In this way, it is normal that the worldwide Smart Automotive Bumper market will observer sound development during the conjecture time frame.


Competitive landscape

The Leading Companies for Smart Bumper market is Compagnie Plastic Omnium SE , Robert Bosch GmbH , Autoliv Inc. , Continental Aktiengesellschaft , Magna International Inc. , Denso Corporation , Motherson Group, Ford Motor Company , and Other Prominent Players,

Recent Development

January, 2020, Toyota Launched a Car 2020 Toyota C-HR

Toyota Launched a Car 2020 Toyota C-HR. Pre-Collision System with Pedestrian Detection-This integrated camera and radar system is designed to help reduce the likelihood of colliding with a preceding car or pedestrian.

Using an in-vehicle camera and a radar sensor or a laser sensor that are designed to help detect a vehicle or a pedestrian in front of you, the Pre-Collision System 66 with Pedestrian Detection 73 (PCS w/PD) is designed to help you mitigate or avoid a potential collision. If the system determines that a frontal collision is likely, it prompts you to take action using audio and visual alerts. If you notice the potential collision and apply the brakes, PCS w/PD may apply additional force using Brake Assist (BA). 67 If you don't brake in time, it may automatically apply the brakes to reduce your speed, helping to minimize the likelihood of a frontal collision or reduce its severity

April 27, 2020, New feature for Tesla's autopilot means cars will automatically detect stop signs and traffic signals

New feature for Tesla's autopilot means cars will automatically detect stop signs and traffic signals and slow the vehicle down-A wave radar and camera placed on the windscreen reads traffic signs and the road's curvature and can detect objects on the road such as other road users. Four radars behind the front and rear bumpers also locate objects. Two long-range radars on the bumper are used to detect fast-moving vehicles approaching from far behind, which is useful on motorways. Four cameras - two on the wing mirrors, one on the grille and one on the rear bumper - monitor objects in close proximity to the vehicle and lane markings.

Scope of the Report

Scope of the Report

By Type

·         Plastic

·         Metal

·         Others (Polyurethane (PUR), ABS, Polyamide (PA, Nylon 6/6, Nylon 6), Polyurethane (PUR), ABS, Polyamide (PA, Nylon 6/6, Nylon 6) steel, aluminum, fiberglass composite)

By Application

·         OEM’s

·         Aftermarket

By Region:

·         Asia Pacific

·         North America

·         Europe

·         Middle East & Africa

·         Latin America

 

The objective of the Study:

·         To analyze and forecast the global Smart Automotive Bumper market size of the market, in terms of value.

·         To examine the careful market segmentation and forecast the market size, in terms value, based on the region by segmenting the Global Smart Automotive Bumper market into five regions, namely, North America, Europe, Asia Pacific, Middle East, South America and their leading countries.

·         To outline, categorized and forecast the global Smart Automotive Bumper market based on the Formulation Type, and Application.

·         To examine competitive developments like technological advancement, services, and regulative framework within the global Smart Automotive Bumper Market.

·         To highlight the impact analysis of the factors, affecting the market dynamics such as drivers, restraints, opportunities, and challenges.

·         To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.

Key Opinion Participant

·         OEMs

·         Equipment/system suppliers

·         Potential investors

·         Key executive and strategy growth manager

·         End users

·         Government institutions

·         Consultancy firms

Attribute

Details

Years Considered

Historical data – 2016-2019

Base Year – 2019

Forecast – 2020 – 2026

Facts Covered

Revenue in USD Million

Market Coverage

U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Argentina, Japan, South Korea, China, India, South Korea UAE, South Africa, Saudi Arabia.

Product/Service Segmentation

By type, and Application coupled with Region.

Key Players

Compagnie Plastic Omnium SE , Robert Bosch GmbH , Autoliv Inc. , Continental Aktiengesellschaft , Magna International Inc. , Denso Corporation , Motherson Group, Ford Motor Company , Other Prominent Players.



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