Pune, May 13, 2020 (GLOBE NEWSWIRE) -- The global autonomous emergency braking market is likely to gain momentum from the growing emphasis by the governments across the world on the manufacturers to install the advanced braking system in every type of vehicle. This information is given by Fortune Business Insights™ in a recently published report, titled, “Autonomous Emergency Braking (AEB) Market Size, Share & Industry Analysis, By Brake Type (Disc, Drum), By Technology Type (Crash Imminent Braking, Dynamic Braking Support) By Vehicle Type (Passenger Cars, Commercial Vehicles), and Regional Forecast, 2019-2026.” The report further states that the AEB market size was USD 2.8 billion in 2018 and is projected to reach USD 5.1 billion by 2026, exhibiting a CAGR of 8.1% during the forecast period.
Worldwide COVID-19 Impact on Autonomous Emergency Braking Industry:
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Here Are Some of the Questions that This Report Answers:
- What are the AEB market trends, growth drivers, and hindrances?
- How will changing consumer preferences affect the market in the coming years?
- How many companies would be able to gain the maximum share soon?
- Which region is likely to dominate in terms of revenue?
- What are the market opportunities and challenges?
Market Drivers:
Increasing Need to Improve Vehicle Safety Features Would Drive Growth
The governments of several countries are gradually implementing new strategies to lower the increasing number of road accidents. They are hence, applying strict norms and regulations on all the automotive manufacturers to refine the safety features of the vehicles. The Indian government, for instance, is trying to make it compulsory for all the passenger and commercial vehicles to be equipped with AEB system. Often, accidents occur because of the driver’s negligence or distractions. Also, the key companies are investing huge sums in research and development activities to integrate AEB systems in vehicles with advanced driver-assistance systems (ADAS).
Segment-
Disc Segment to Lead Owing to its Ability to Reduce a Vehicle’s Weight
Based on component type, the market is bifurcated into drum and disc. Out of these, the drum segment procured 33% AEB market share in 2018. This segment would grow steadily owing to the low cost and maintenance of vehicles equipped with this type of brake. The disc segment is set to lead in the coming years because of the higher adoption of commercial and passenger cars worldwide. These brakes are also lightweight and hence, aid in reducing the overall weight of the vehicles. Hence, their demand is more as compared to the drum brakes.
Browse Detailed Research Insights with Table of Content:
Regional Analysis-
Asia Pacific to Dominate Fueled by Availability of Cost-effective Raw Materials
In terms of region, the market is categorized into Asia Pacific, Europe, North America, and the rest of the world. Amongst these, Asia Pacific is expected to generate the maximum autonomous emergency braking market revenue and dominate during the forthcoming period. This growth is attributable to the mandatory installation of this braking system in countries, namely, China, India, and Japan. Also, raw materials are available in this region at very low cost. It would also contribute to the market growth. Europe, on the other hand, is projected to remain in the second position backed by the implementation of strict government rules and laws regarding the installation of safety equipment in all types of vehicles.
Key Companies Introduce New AEB Systems to Boost Sales
The market houses numerous small, medium, and big enterprises that are working towards fulfilling the urgent demand from their large consumer bases. They are conducting many research and development activities to unveil state-of-the-art products and gain more sales. Below are two of the latest key industry developments:
List of key Autonomous Emergency Braking (AEB) Market Manufacturers include:
- Robert Bosch GmbH
- Delphi Automotive LLP
- Continental AG
- ZF Friedrichafen AG
- Hyundai Mobis
- Aisin Seiki Co. Ltd
- Hitachi Automotive System Ltd
- Mando Corporation
- Netradyne
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Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Merger, Acquisitions, and Partnerships
- Distributor Analysis – For Major Players
- Growth and Penetration Analysis
- Porter’s Five Forces Analysis
- PEST Analysis
- Vendor Landscape
- Global Autonomous Emergency Braking (AEB) Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Vehicle Type
- Passenger Cars
- Commercial Vehicles
- Market Analysis, Insights and Forecast – By Brake Type
- Disc
- Drum
- Market Analysis, Insights and Forecast – By Technology Type
- Crash Imminent Braking
- Dynamic Braking Support
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia pacific
- Rest of the World
TOC Continued…!
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Major Industry Developments of the Market include:
January 2019: Valeo introduced its brand new innovations that would transform digital mobility, powertrain electrification, and autonomous vehicles at CES 2019 in Las Vegas. The company’s two unique products, namely, Valeo Voyage XR and Valeo Drive4U® Remote would aid in stimulating the virtual presence of an individual, as well as in operating autonomous vehicles remotely, respectively.
December 2017: Netradyne launched its ADAS solution specially created for Indian road conditions. It is a part of its Driveri™ platform. It is a vision-based system equipped with 4 cameras on the windscreen to enable fleet managers in detecting positive driver performance and improving safety in commercial vehicles.
Have a Look at Related Research Insights:
Advanced Driver Assistance Systems (ADAS) Market Size, Share & Industry Analysis, By System Type (Adaptive Cruise Control, Blind Spot Detection, Park Assist, Lane Departure Warning System, Autonomous Emergency Braking, Heads-Up Display, Intelligent Headlights), By Component Type (LiDAR, Radar, Camera, Sensors), By Vehicle Type (Passenger Car, Light Commercial Vehicle) and Regional Forecasts, 2019-2026
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