The report of global Autonomous Emergency Braking System market By Product Type (Low-speed AEBS, High-speed AEBS) By Technology (Crash Imminent Braking, Dynamic Brake Support) By Vehicle Type (Passenger Vehicle, Commercial Vehicle), and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ XX Mn. by 2027, at a CAGR of XX % during a forecast period.
Autonomous emergency braking (AEB) system is defined as a system used to detect an impending forward crash in time to avoid or mitigate the crash. AEB system alert the driver to take corrective action to avoid the crash. If the driver’s response is not sufficient to avoid the crash, the AEB system automatically applies the brakes to help in preventing or reducing the severity of a crash. The National Highway Traffic Safety Administration believes these technologies represent the next wave of potentially significant advances in vehicle safety.
It is expected that passenger vehicles will cover XX percent of the AEBS market in the forecast period.
Revenue in the Passenger Cars market is projected to reach US$1.6 trillion in 2021. The growth in vehicle atomization and semi-autonomous vehicle growth is driving the growth of AEBS in the nearer future. The AEBS is majorly integrated into a passenger vehicle to reduce the forward collision rate. Forward collision warning reduced front-to-rear crash rates by 27% and front-to-rear injury crash rates by 20%. The sale of Passenger has increased from 69 Mn units in 2016 to 70 Mn units in 2017, with annual growth of 1.87%. Whereas, the commercial vehicle manages to maintain an annual growth rate of around 8% which is from 24 Mn in 2016 to 26 Mn in 2017. The majority of automakers are installing more safety devices in their vehicle to maintain their vehicle safety at global standards and comply with regional norms. The growth of passenger vehicle demand is expected to drive the AEBS market over the forecast period.
The Asia-Pacific market is expected to grow at a faster rate in terms of volume as major vehicle companies are operating in the market, which is expected to increase the market growth. Europe and North America AEBS demand is growing due to stringent norms and capital spending on vehicle safety. South American markets are expected to grow at a steady rate.
Key players operating in the Global Autonomous Emergency Braking System Market are, Robert Bosch GmbH, Continental AG, Delphi Automotive LLP, ZF Friedrichshafen AG, Mobileye, Autoliv Inc., Hyundai Mobis, AISIN SEIKI Co. Ltd., Hitachi Automotive Systems Ltd., and Mando Corporation.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Autonomous Emergency Braking System Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Autonomous Emergency Braking System Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explains Global Autonomous Emergency Braking System Market positioning of competitors.
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