Global Smart Bumper Market Introduction
Smart bumper is a non-structural panel in the front of the vehicle, which is designed to absorb the impact of a collision and minimize the force transferred to the passenger compartment. The radar sensors placed in the smart bumper enhance vehicle safety and aid in functions such as blind spot assist, traffic sign assist, and lane keeping assist. The smart bumper has integrated active grilles and dams to improve fuel economy, radar, lighting system, and de-icing system for front grille.
Global Smart Bumper Market - Competitive Landscape
In 2017, Ford Motor Company, introduced a ‘pedestrian protection system’ which includes the deployment of airbags on the bumper and bonnet that activate in the event of a crash in order to protect the pedestrian from injury. The airbag on the bumper is expected to inflate and protect the pedestrian’s legs during impact.
Compagnie Plastic Omnium SA
Founded in 1946, Compagnie Plastic Omnium SA is a leading manufacturer of automotive bumper covers. It operates through various business segments including automotive exterior, automotive propulsion, and waste management plastic containers. The company operates through a network of 128 manufacturing plants and 23 R&D centers located in 38 countries across the globe.
Magna International Inc.
Founded in 1950, Magna International Inc. is presently based in Aurora, Canada. It is a leading global manufacturer of automotive components and parts including exterior panels such as bumpers. Magna International Inc. has 317 manufacturing/assembly facilities and 102 engineering product development and sales centers spread across 29 countries worldwide.
Is something restraining your company’s growth in the Smart Bumper Market? Ask for the Report Brochure here
Robert Bosch GmbH
Robert Bosch GmbH is a major supplier of automotive parts and components. The company is a major OEM supplier and has a strong presence in aftermarket. The company operates in various business segments such as mobility solutions, consumer goods, industrial technology, energy and building. It has presence in around 120 locations across 60 countries worldwide.
Global Smart Bumper Market - Dynamics
Automakers focus on improved pedestrian safety to drive the smart bumper market
Automakers such as Volvo & Ford have tested and planned to deploy airbags on bumpers to improve pedestrian safety. Demand for smart bumper is driven by the focus of automakers to improve safety rating of their vehicles and promote sales. Rising completion among automakers and increasing demand to improve vehicle safety are projected to boost the demand for smart bumpers.
Rising demand for advanced driver assistance features (ADAS) boosting the sales of smart bumpers
Bumpers are fitted with RADAR sensors in order to incorporate various ADAS features, such as blind spot detection, collision prevention, and attention assist. Rising penetration of ADAS among premium vehicles is boosting the demand for smart bumpers. Rising consumer affordability for advanced technologies and automation in vehicles is anticipated to drive the smart bumper market.
Looking for Regional Analysis or Competitive Landscape in Smart Bumper Market, Ask for a Customized Report here
Global Smart Bumper Market - Segmentation
Based on Material, the global smart bumper market can be bifurcated into
Based on vehicle type, the global smart bumper market can be classified into
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
Based on sales channel, the global smart bumper market can be classified into
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.