Autonomous Emergency Braking System Market to grow at 13.55% CAGR and reach remarkable market value during 2019 and 2023 due 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.
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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.
Global Autonomous Emergency Braking System Market Analysis:
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.
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.
The automotive industry requires significant initial investment, in general. Such high technological and capital requirements create certain barriers for the smaller players in the market to even exist. Availability of sophisticated technologies in regions such as North America and Europe has propelled the demand of the Autonomous Emergency Braking System, across their countries and territories. Existence of major manufacturers in these regions along with their partnerships with the small local players, over the years, has deepened the scope of the market in these regions. Although, of late, there has been a significant influx of technology in the Asia-Pacific region, the lack of major market players and underdeveloped automotive infrastructure has resulted in alienating certain geographies, particularly the African and Middle East region.
These developing regions remain an untapped market for the Autonomous Emergency Braking System and market players alike. With their developing economies and domestic income, there is a huge potential for the market, in these regions. The sheer volume of the untapped customer base in these regions is a factor that acts as a major restraint for the market growth. Thus, the lack of the presence of any major market players and initiatives in these regions is expected to act as a major hurdle for the global market.
Latest Industry News:
Valeo is set to launch five major innovations their world debut. The technologies on display at the Gold Lot Circuit and the Central Plaza booth show what the car of tomorrow will look like, in line with new ways of getting around: it will be more autonomous, more connected and more environmentally friendly. Valeo 360AEB Nearshield, a new autonomous emergency braking system that eliminates blind spots, alerts drivers to any potential obstacles and brings the vehicle to an automatic halt to prevent impact if necessary.
Table Of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porters Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Autonomous Emergency Braking System Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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