Overview

Automatic Emergency Braking Market to register a CAGR of over 8.1% from 2020 to 2029.

Automatic emergency braking (AEB) alerts a driver regarding a crash and enables them to use the maximum braking capacity of the vehicle. The AEB system may automatically apply the brakes to assist in preventing or reducing the severity of a crash.

The significant growth in the global automotive industry, along with government mandates for increased vehicular safety drives the growth of the Automatic Emergency Braking market. The increase in consumer purchasing power owing to growing disposable incomes and improving living standards has increased the demand for luxury passenger vehicles worldwide, thereby increasing the adoption of automatic emergency braking systems. Several safety regulations have been introduced by governments to improve road safety and reduce road accidents, thereby increasing the implementation of AEB systems. The implementation of advanced technologies for automatic emergency braking and the increasing modernization of vehicles has accelerated the adoption of AEB systems. The increasing development of autonomous and semi-autonomous vehicles, rising consumer awareness regarding safety, and NCAP regulatory scenario further accelerate the adoption of AEB systems. However, high costs associated with AEB systems hamper market growth. The technological advancements, stringent regulatory framework regarding vehicular and road safety, and rising demand from emerging economies would provide numerous growth opportunities during the forecast period.

Asia Pacific autonomous emergency braking system market is expected to observe a considerable growth rate over the projected time frame. This growth is attributed to increasing passenger vehicle sales across the region. Automobile manufacturers are increasing production significantly to meet consumer demand. Asian countries are supporting the fitment of AEB in vehicles by providing logistical, financial and operational support for testing of automated vehicles. Europe's autonomous emergency braking system market will hold major volume share. This can be attributed to the presence of major industry players including BMW, Volkswagen, and Mercedes Benz developing innovative AEB solutions for their vehicle portfolio. Organizations including Euro NCAP are promoting the development of AEB systems to safeguard occupants and non-occupants. The organization is continuously broadening the scope to enhance product efficiency thereby positively influencing the industry size.

The vendors in the market are launching new products to meet the growing customer needs. In addition, the leaders in the market are acquiring and collaborating with top companies in the market to enhance their offerings in the market and expand their customer base. The automatic emergency braking market is highly competitive with the presence of a large number of small and large vendors.

The leading players in the market include ZF Friedrichshafen AG, Daimler AG, Continental AG, Delphi Automotive PLC, Robert Bosch GmbH, Honda Motor Co., Ltd., Tesla Motors, Inc., Denso Corporation, Aisin Seiki Co., Ltd., Knorr-Bremse AG, and Mando Corporation among others.

Market Segmentation:

By Product Type

● Slow Speed AEB Systems

● High-Speed AEB Systems

● Pedestrian AEB Systems

By Application

● Passenger Vehicles

● Commercial Vehicles

By Technology

● Dynamic Brake Support (DBS)

● Crash Imminent Braking (CIB)

By Region

● North America

● Europe

● Asia Pacific

● Latin America

● Rest of the World

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

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

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