ID: MRFR/AM/3244-HCR | February 2021 | Region: Global | 100 pages
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.
The prominent players in the autonomous emergency braking system market include 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.
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.
For the purpose of this study, the global autonomous emergency braking system market has been divided on the basis of technology, system, vehicle type and region. On the basis of technology, the market has been segmented as forward collision warning, dynamic brake support, and crash imminent braking. Forward collision warning has accounted for the highest market share in 2016, followed by dynamic brake support. On the basis of system, the market has been segmented as low speed system, higher speed system and pedestrian system. By vehicle types, it has been segmented as passenger vehicles and commercial vehicles. However, passenger vehicles had commanded the highest market share in 2016, followed by commercial vehicles.
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.
The report for Global Autonomous Emergency Braking System Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
|Market Size||2027: Significant Value|
|CAGR||13.55% CAGR (2020-2027)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Technology, By End Market, By Application, By Vehicle type|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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)|
|Key Market Opportunities||Rising safety concerns|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The growth has primarily influenced the global autonomous emergency braking system market in the sales of passenger cars and trucks and government regulations for vehicle safety.
The global market for autonomous emergency braking system is maturing at a whopping 13.55% CAGR over the assessment period of 2017 to 2023.
A few significant players of the global autonomous emergency braking system market are Denso Corporation (Japan), Mando Corporation (South Korea), Hitachi Automotive Systems (Japan), Robert Bosch (Germany), Aisin Seiki Co (Japan) and others.
The dynamic brake support segment is expected to drive market growth over the review period.
The passenger vehicles segment is likely to witness the highest demand in the autonomous emergency braking system market.