About Emergency Braking System
Emergency brake system is basically a mechanical action which is applied for slowing down of vehicles. It helps to improve the safety and performance of vehicles. Various types of technology is used in emergency brake system such as Dynamic Brake Support (DBS), Crash Imminent Braking (CIB) and others.Rising consumer power due to increasing disposable incomes, improving living standards and rising demand for luxury car across the world are projected to drive the global lithium-ion battery market over the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is highly fragmented with the presence of various players in the market. Some of the key strategies followed by the players operating in the global lithium foil market were innovation, product development, acquisition, and expansion. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Emergency Braking System market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Robert Bosch GmbH (Germany), Continental AG (Germany), Denso Corporation (Japan), Delphi Technologies (United Kingdom), Magna International Inc. (Canada), Autoliv Inc. (Sweden), Mobileye (Israel), TRW Automotive Holdings Corp. (United States), Wabco Vehicle Control Systems (France) and ZF Friedrichshafen AG (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Infineon Technologies AG (Germany) and Knorr-Bremse AG (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Emergency Braking System market by Type (Slow Speed AEB Systems, High Speed AEB Systems and Pedestrians AEB Systems) and Region.
On the basis of geography, the market of Emergency Braking System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology , the sub-segment i.e. Dynamic Brake Support (DBS) will boost the Emergency Braking System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-Use, the sub-segment i.e. Trucks will boost the Emergency Braking System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement regarding Emergency Brake System
Market Growth Drivers:
Rising Number of Commercial and Passenger Vehicles Worldwide, Growing Demand for Luxury Passenger Vehicles Worldwide and Rising Adoption of Automatic Emergency Braking Systems
Challenges:
Risk Associated with Behavioral Adaption regrading Driver and Lack of Supporting Infrastructure along with Higher Costs Associated
Restraints:
Higher Cost of Advanced Braking Technologies than Conventional Braking Systems
Opportunities:
Growing Demand from Emerging Market such as China, India, Brazil, among others
Market Leaders and their expansionary development strategies
In October 2023, The National Highway Traffic Safety Administration (NHTSA) proposes new regulations in the US requiring EBS as standard equipment in light passenger vehicles, potentially significantly impacting the market size.
In September 2023, Toyota debuts its "Advanced Drive" system, featuring a fully integrated EBS that works in conjunction with other ADAS features for comprehensive collision avoidance.
Key Target Audience
Manufacturers of Emergency Braking System, Research and Development (R&D) Companies, Federal Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.