Autonomous Emergency Braking System Global Market Prognosticated To Accrue With A Whooping CAGR by 2023

Pune, India, January 23, 2018/MRFR Press Release/- Market Research Future published a Cooked research report on “Global Autonomous Emergency Braking System Market Research Report - Forecast to 2023”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Continental AG (Germany), Denso Corporation (Japan), Robert Bosch (Germany), Valeo (France), Hyundai Mobis (South Korea), Autoliv Inc (Sweden), ZF Friedrichshafen (German), Hitachi Automotive Systems (Japan), Mando Corporation (South Korea), Aisin Seiki Co (Japan) and others and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Autonomous Emergency Braking System Market.

Autonomous Emergency Braking System Global Market – Overview

The Global Autonomous Emergency Braking System Market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of Autonomous Emergency Braking System will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2023, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2023).  

Over the last couple of years, the automotive industry has undergone various technological advancements in passenger and commercial vehicles, and the global market has acknowledged these advancements while adopting these vehicles. Autonomous emergency braking system is one of the recent technologies developed by the automotive companies and has gained much attention. The technology involved in autonomous emergency braking system is an active safety system, particularly designed to avoid vehicle crash and collision. It is a feature that alerts the driver to a sudden crash and helps them use the maximum braking capacity of the vehicle. Considering vehicle safety, several manufacturers have implemented this technology to avoid such circumstances.

Owing to this technology, there has been a rise in the adoption of autonomous emergency braking system embedded vehicles, among a larger population. Additionally, the rising safety concerns, government initiatives, and the rising number of accidents, have augmented the market for autonomous emergency braking system. On the other hand, the higher cost of autonomous emergency braking system technology, and low spending capacity in underdeveloped economies, are considered to be the restraining factors. A recent trend in this market is the rise in sales of luxury vehicles. The global autonomous emergency braking system market is expected to grow at a CAGR of ~13.55% during forecast period.

The automotive industry requires significant initial investment, in general. Such high technological and capital requirements create certain barriers for the smaller players in the market to even exist. Availability of sophisticated technologies in regions such as North America and Europe has propelled the demand of the Autonomous Emergency Braking System, across their countries and territories. Existence of major manufacturers in these regions along with their partnerships with the small local players, over the years, has deepened the scope of the market in these regions. Although, of late, there has been a significant influx of technology in the Asia-Pacific region, the lack of major market players and underdeveloped automotive infrastructure has resulted in alienating certain geographies, particularly the African and Middle East region.

These developing regions remain an untapped market for the Autonomous Emergency Braking System and market players alike. With their developing economies and domestic income, there is a huge potential for the market, in these regions. The sheer volume of the untapped customer base in these regions is a factor that acts as a major restraint for the market growth. Thus, the lack of the presence of any major market players and initiatives in these regions is expected to act as a major hurdle for the global market.

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Industry/ Innovation/ Related News:

June, 2017 – Valeo is set to launch five major innovations their world debut. The technologies on display at the Gold Lot Circuit and the Central Plaza booth show what the car of tomorrow will look like, in line with new ways of getting around: it will be more autonomous, more connected and more environmentally friendly. Valeo 360AEB Nearshield, a new autonomous emergency braking system that eliminates blind spots, alerts drivers to any potential obstacles and brings the vehicle to an automatic halt to prevent impact if necessary.

December, 2016– DENSO Corporation announced that it has developed a small stereo vision sensor to contribute to improving the safety of compact vehicles. Vision sensors use a camera to detect white lines and obstacles on the road ahead. The new sensor uses a pair of cameras placed side by side, which enables the distance to a target object to be measured more accurately and enhances the activation of autonomous emergency braking systems to avoid a collision with another vehicle or a pedestrian, lane departure warning systems, and auto high beam systems that automatically switch the headlights from high beam to low beam for better night vision.

Autonomous Emergency Braking System Market – Segmentation

The Global Autonomous Emergency Braking System Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Technology                     : Comprises Forward Collision Warning, Dynamic Brake Support and Crash Imminent Braking.

Segmentation by System     : Comprises Low speed system, Higher speed system and Pedestrian system

Segmentation by Vehicle Type       : Comprises Passenger Vehicles and Commercial Vehicles

Segmentation by Regions               : Comprises Geographical regions - North America, Europe, APAC and Rest of the World. 

Autonomous Emergency Braking System Market:

Regional Analysis

Geographically, the global autonomous emergency braking system market has been divided into four major regions, and they are North America, Europe, Asia Pacific and Rest of the World. Europe have accounted for the largest market share, in 2016, followed by North America and Asia Pacific. In Europe, there has been a rise in the sales of luxury vehicles, which has augmented the demand for autonomous emergency braking system. Germany, UK and France are the leading countries in Europe, which have fueled the growth of the market. North America and Asia Pacific are the second and third leading regions in terms of revenue.