Automatic or
Autonomous Emergency Braking (AEB) Market: Snapshot
Automatic or
autonomous emergency braking technology is a special type of braking
technology used currently in automobiles. Braking system in an
automobile helps to brake the vehicle to prevent collision. Automatic
or autonomous emergency braking as the name implies helps to brake
the vehicle by increasing the braking force or automatically brakes
to prevent a rear-end and other collision. Rising demand for
passenger vehicles and luxury vehicles across the globe and the
rising adoption of advanced driver assisted systems are anticipated
to increase the demand for automatic or autonomous emergency braking
systems across the globe in the next few years.
Transparency Market
Research estimates that the global automatic or autonomous emergency
braking market, valued in terms of revenue at US$10,510.0 mn in 2016,
will reach US$16,730.0 mn by 2025, at a CAGR of 5.3% from 2017 to
2025.
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http://www.transparencymarketresearch.com/automatic-autonomous-emergency-braking-market.html
Crashing Imminent
Braking Technology to Witness Most Promising Rise in Demand
In terms of
technology, the global automatic or autonomous emergency braking
market has been segmented in the report into forward collision
warning systems, dynamic brake support systems, and crash imminent
braking. Of these, the segment of forward collision warning systems
is presently the most preferred automatic or autonomous emergency
braking technology. The segment accounted for a massive 44.6% of the
overall market in 2016 and is expected to remain the leading
contributor of revenue to the global market throughout the report’s
forecast period. The segment is, however, envisaged to lose massively
in terms of share in the global market by the end of the forecast
period.
The segments of
dynamic brake support and crash imminent braking are expected to
register massive rise in market share and expand at promising paces
from 2017 to 2025. In terms of growth rate, the segment of crashing
imminent braking technology is expected to lead with a 6.3% CAGR from
2017 to 2025.
In terms of
geography the market is segmented into North America, Europe, Asia
Pacific, Middle East and Africa, and Latin America.
Europe and North
America to Remain Leading Regional Markets
Of these, Europe is
presently the leading regional market for automatic or autonomous
emergency braking systems, thanks to the mammoth automotive industry
and presence of some of the world’s leading car manufacturers. Euro
NCAP (The European New Car Assessment Programme) has already started
rating cars and trucks based on automatic or autonomous emergency
braking feature, with the inclusion of emergency braking system a
must for getting the highest rating. Germany is the dominant
emergency braking market in Europe, featuring the region’s largest
automotive market and one of the highest penetration of luxury
vehicles, followed by the U.K. Europe is expected to remain at the
forefront of the global automatic or autonomous emergency braking
market over the report’s forecast period as well.
In the near future,
the market in North America is expected to lead in terms of rate of
growth. Institute for Highway Safety (IIHS) and the National Highway
Traffic Safety Administration (NHTSA) have compelled leading
automotive companies to commit to the inclusion of automatic or
autonomous emergency braking systems in all new cars by 2022 and all
new trucks by 2025. In the U.S., which is the dominant automotive
market in North America, the adoption of this technology is presently
low. However, with the voluntary commitments from automakers, the
adoption is anticipated to rise significantly.
Some of the leading
players operating in the global automatic or autonomous emergency
braking market are Volvo Car Corporation (Sweden), Tesla Inc. (the
U.S), Ford Motor Company (The U.S), Daimler AG (Germany), Audi AG
(Germany), BMW Group (Germany), Volkswagen Group (Germany), Toyota
Motor Corporation (Japan), Honda Motor Company Ltd (Japan), and
Jaguar Land Rover Automotive Plc. (the U.K).
About Us
Transparency Market
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key trends, and strategic recommendations.
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