Escalating Sales of Luxury Vehicles to Favor Autonomous Emergency Braking System Market

Pune, India, May 2020, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Autonomous Emergency Braking System Market.

Market Scope

The autonomous emergency braking system market 2020 is all set to make headway at a rate of 13.55% over the assessment period (2022 to 2030), reveals Market Research Future (MRFR).

Top Boosters and Key Barriers

Covid-19 analysis conducted by MRFR suggests that the downfall in the consumer demand during the lockdown situation has resulted in significant revenue loss for global auto manufacturers. With the auto-suppliers being heavily reliant on migrant labor, their absenteeism can lead to slow recuperation of the automobile industry after the lockdown, producing a domino effect all across the value chain. With respect to the short-term impact, a majority of the leading manufacturers are striving to respond to the economic crisis armed with a number of initiatives. Most of the players are also on the lookout for ways to deal with the long term impact of COVID-19. We will provide COVID-19 impact analysis with the report.

In terms of revival tactics, a few industry participants in China like Volkswagen, SAIC, Nissan and BMW are exploring new approaches such as online sale of cars using live broadcasts as well as the VR technology. Likewise, a company in China, Geely has devised a sale technique that involves contactless delivery, which guarantees social distancing as they keys are delivered using drones.

Browse In-depth Detailed Research Report [Table of Content, List of Figures, List of Tables] of Autonomous Emergency Braking System Market Trends

Countries across the globe are implementing measures that are aimed at boosting the awareness level about crash car safety, which facilitates revenue generation in the autonomous emergency braking system market. Escalating sales of passenger cars and the increasing number of automobile manufacturers are equipping luxury cars with the crash avoidance technology also benefit the worldwide industry. Heightened demand for autonomous vehicles combined with the mounting concerns with regard to passenger and driver safety some of the notable growth boosters in the automatic emergency braking system market.

Segmental Review

The segmental review of the autonomous emergency braking system market comprises technology, system as well as vehicle type.

The technologies covered in the market study are dynamic brake support, crash imminent braking and forward collision warning. Forward collision warning was recognized as the most sought-after technology in 2016, with dynamic brake support as the second leading segment in the global market.

System-wise segmentation of the market includes higher speed system, pedestrian system and low speed system.

The vehicle types that are equipped with these systems are passenger vehicles as well as commercial vehicles. In 2016, passenger vehicles clinched the prime spot in the global market.

Regional Insight

The global market for autonomous emergency braking system has been regionally distributed into North America, Asia Pacific or APAC, Europe, and Rest of the World or RoW.

The high concentration of renowned industry participants such as Volkswagen, BMW, Volvo, Mercedes, and more that offer innovative and advanced AEB solutions in their vast product line-up ensures Europe’s lead in the automatic emergency braking market. Vehicle safety organizations such as Euro NCAP constantly promote the use of AEB systems in all types of vehicles, aimed to protect the occupants as well as non-occupants, which ensures a positive outlook for the market development in the region.

The North American market is boosted by the presence of technically advanced and highly developed countries like the United States (US.) and Canada and the large-scale tremendous vehicle production. The high disposable income of the consumers in the region also helps with the business growth, due to which North America stands as the second most profitable market for autonomous emergency braking system in the world.

The APAC market comes third in the global market, thanks to the escalating safety concerns, rising number of government initiatives pertaining to driver safety and the alarming surge in road accidents. The regional market growth is also warranted by the expanding population pool with improving financial conditions and the consequent surge in the uptake of luxury vehicles.

Leading Players

Leading competitors in the autonomous emergency braking system market are Valeo (France), Hyundai Mobis (South Korea), Denso Corporation (Japan), Robert Bosch (Germany), Hitachi Automotive Systems (Japan), ZF Friedrichshafen (German), Autoliv Inc (Sweden), Aisin Seiki Co (Japan), Mando Corporation (South Korea), Continental AG (Germany), to name a few.

Latest Updates

May 2020

The all-new Nissan SUV, JUKE has received a five-star ANCAP safety rating, as it provided complete protection to child and adult occupants in the side impact test. Nissan JUKE consists of numerous safety systems, which includes an intelligent emergency braking system that alerts the driver and also applies automatic brakes if there is any indication of an impact with another vehicle, cyclist or pedestrian.