Industry Background:
An Autonomous Emergency Braking (AEB) system or Automatic Emergency Braking System (AEBS) is an autonomous road vehicle safety system which employs sensors to monitor the proximity of vehicles in front and detects conditions where the relative speed and distance between the host and target vehicles suggest that an accident is imminent. In such a circumstances, emergency braking can be automatically applied to evade the collision or at least to lessen its effects. Most road accidents are caused by drivers who applies inadequate, late or no brakes at all to avoid an accident. Some of the most common reasons why drivers fail to apply the brakes on time are disruption, careless, sleepiness, lack of attention while driving, visibility, road surface quality, weather condition, sudden road impediments from other motorist and environment, and including seizures/heart attacks.
According to AMA Research, the market for Autonomous Emergency Braking System is expected to register a CAGR of 17.57% during the forecast period to 2028. This growth is primarily driven by Growing Number of Vehicle Sales Worldwide
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Automobiles sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Robert Bosch GmbH (Germany), Continental AG (Germany), Denso Corporation (Japan), ZF Friedrichshafen AG (Germany), Hyundai Mobis Co., Ltd. (South Korea), Aisin Seiki Co., Ltd. (Japan), Valeo S.A. (France), Autoliv, Inc. (Sweden), Infineon Technologies AG (Germany) and Knorr-Bremse AG (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In February 2021 - The National Highway Traffic Safety Administration (NHTSA) has announced that it has opened an investigation center for 400,000 Tesla Model 3 and Tesla Model Y vehicles in 2021 and 2022. Automatic emergency braking system of these car models.
In February 2022- Jeep Meridian has announced plans to launch the India Bound Jeep Meridian SUV in India in mid-2022. The SUV includes advanced adaptive cruise control, advanced autonomous emergency braking, blind spot monitoring and assistance systems, and forward collision warning. and On Apr 23, 2019 - Aisin Seiki Co., Ltd., Aisin AW Co., Ltd., Aisin comCruise Co., Ltd., and AW SOFTWARE Co., Ltd. have reached basic agreement on the commencement of discussions toward the management integration of ACC and AW-SW, two companies in charge of the development of in-vehicle software within the Group.
Influencing Trend:
Technological Developments in Automotive
Market Growth Drivers:
Growing Number of Vehicle Sales Worldwide and Rising Number of Road Accidents
Challenges:
Failure of Autonomous Emergency Braking System to Identify Danger
Restraints:
High Costs of Autonomous Emergency Braking Systems
Opportunities:
Government Initiatives on Road Safety
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Autonomous Emergency Braking System Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Autonomous Emergency Braking System Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Autonomous Emergency Braking System players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Autonomous Emergency Braking System Study Sheds Light on
The Autonomous Emergency Braking System Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Autonomous Emergency Braking System industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Autonomous Emergency Braking System industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.