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Automatic Emergency Braking Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2029

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Rising passenger vehicle purchases are predicted to contribute significantly towards industry expansion over the forecast period. Major automobile manufacturers are equipping crash avoidance technology in medium and luxury car segments. For instance
Automatic Emergency Braking Market Global Trends, Market Share, Industry Size,
Growth, Opportunities, and Market Forecast 2019 to 2029
Global automatic emergency braking market to register a CAGR of over 8.1% from
2019 to 2029.
Rising passenger vehicle purchases are predicted to contribute significantly towards
industry expansion over the forecast period. Major automobile manufacturers are
equipping crash avoidance technology in medium and luxury car segments. For
instance, in 2017, Toyota equipped the AEB system in over 50% of its vehicle fleet.
Moreover, electric & hybrid car manufacturers including Tesla are providing crash
avoidance technology as standard in the majority of vehicles, thereby influencing an
automatic emergency braking market share from 2019 to 2026.
Proliferating need for autonomous vehicles along with growing concerns for driver
and passenger safety will boost the market size. Vehicle owners are transitioning
toward advanced features such as adaptive cruise control, lane departure warning,
forward collision warning with automatic emergency braking, and blind-spot
detection system.
Lack of supporting infrastructure along with higher costs associated with the
incorporation and maintenance of these systems may restrict the automatic
emergency braking market size over the forecast timeframe. In addition, the absence
of an appropriate frequency band for operating such electronic systems may hamper
the system performance. However, governments are implementing new policies for
offering low-frequency brands to be used for automotive purposes. For instance, in
2015, the Government of India de-licensed some low-frequency bands for usage in
the automotive industry, providing a positive outlook for industry expansion.
Government regulations also play a big role. As per the National Highway Traffic
Safety Administration (NHTSA), in 2015, in the U.S. over 129,000 pedestrians were
involved in crash-related injuries. Countries are taking initiatives to increase
awareness regarding crash car safety thereby driving the automatic emergency
braking (AEB) market size. For instance, in 2018, the Institute of Road Traffic
Education launched ‘Stop the Crash’ campaign to showcase the benefits of advanced
vehicle systems such as electronic stability control and autonomous emergency
braking.
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Market Segmentation:
1. By Product Type
●
Slow Speed AEB Systems
●
High Speed AEB Systems
●
Pedestrian AEB Systems
2. By Application
●
Passenger Vehicles
●
Commercial Vehicles
3. By Technology:
●
Dynamic Brake Support (DBS)
●
Crash Imminent Braking (CIB)
4. By Region:
●
North America
●
Europe
●
Asia Pacific
●
Latin America
●
Rest of the World
North America accounted for the largest share in the global Automatic Emergency
Braking market. The rising demand for luxury automobiles and modernization of
vehicles increases the adoption of automatic emergency braking in the region. The
high disposable income and living standards have increased the demand for
passenger cars in the region. The introduction of stringent government regulations
regarding vehicular safety and technological advancements are factors expected to
provide growth opportunities in the region during the forecast period.
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Competitive Landscape:
●
Tier 1 players- established companies in the market with a major market share
●
Tier 2 players
●
Emerging players which are growing rapidly
●
New Entrants
The major firms operating in the automatic emergency braking market place
include Autoliv Inc., Continental AG, Delphi Technologies, Robert Bosch GmbH,
Mercedes Benz, AB Volvo, Volkswagen AG, Siemens, Mitsubishi Corporation, BMW,
Ford Motor Company, and General Motors. Other notable players include Mazda
Motor Corporation, Honda Motor Company, Groupe PSA, Hyundai Motor
Corporation, Toyota Motor Corporation, Magna International Inc., Mobileye, ZF
TRW Automotive Inc, Tesla, and Audi.
FutureWise Takeaways:
●
Growth prospects
●
SWOT analysis
●
Key trends
●
Key data points affecting market growth
Objectives of the Study:
● To provide an exhaustive analysis on the global automatic emergency
braking market by product type, by application, by technology and by region
● To cater comprehensive information on factors impacting market growth
(drivers, restraints, opportunities, and industry-specific restraints)
●
To evaluate and forecast micro-markets and the overall market
● To predict the market size, in key regions (along with countries)—North
America, Europe, Asia Pacific, Latin America, and the rest of the world
● To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
● Profiling of companies to evaluate their market shares, strategies, financials and
core competencies
Inquire further details about this report at: [email protected]
About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and
customised solutions for our clients. Through in-depth market insights and
consultancy, we present our clients with the tools they need to be at the forefront of
their industry – a position secured for far more than the near future.
Contact Us:
Company Name: FutureWise Research
Contact Person: Vinay Thaploo
Email: [email protected]
Phone: +44 141 628 9353 / +1 970 279 4295
City: Leeds
Country: United Kingdom
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