Automatic Emergency Braking Market Overview:
The global market for automatic emergency braking, valued at USD 10,511.0 million in 2016, will reach USD 16,731.0 million by 2025, at a compound annual rate of 5.1% in 2017 at 2025.
Automatic Emergency Braking Market Drivers, Challenges and Opportunities:
Emergency braking systems (EBS) have great potential for collision avoidance and mitigation. The basic functions of the EBS are to avoid or at least mitigate a collision with a vehicle in front of a stationary vehicle. This can be done by warning the driver or, if necessary, by braking the vehicle independently. These benefits increase their adoption rate around the world. Increasing consumer awareness, extensive R&D of market players and up-to-date security agency assessments have led to the automatic growth of the emergency braking market. Some of the major automakers have already begun to incorporate basic automatic emergency braking (AEB) systems as standard and other options in their mass market models. Technological advances in image sensing technology and lower camera prices are driving the adoption of car cameras around the world.
However, the costs associated with the manufacture of AEB equipped cars and collision warning systems (CWS) are significant and uncertain, which hampers market growth.
In addition, there is no alternative market for the automatic or autonomous emergency braking system. However, the increasing adoption of driver-assisted advanced systems is expected to create significant growth opportunities for the market.
Automatic Emergency Braking Market Segmentation:
On the technological front, the report describes the global market as Dynamic brake support, Crash imminent braking and Forward collision warning. Of these, the Forward collision warning segment is currently the most preferred autonomous emergency braking technology. The segment accounted for a whopping XX% of the overall market in 2016 and is expected to continue to be the largest contributor to global market turnover over the reporting period. However, it is expected that the segment will lose a lot in terms of market participation at the end of the forecast period.
Automatic Emergency Braking Market Geographic Presence:
Over the forecast period, the Asia-Pacific region is expected to dominate the automotive emergency brake market due to strong passenger car production, growing safety concerns for motorists, and rising disposable revenues, especially the middle-class population in the region.
Top Players Covered in this Automatic Emergency Braking Market Report are:
- ZF Friedrichshafen AG
- Daimler AG
- Continental AG
- Delphi Automotive PLC
- Robert Bosch GmbH
- Honda Motor Co., Ltd.
- Tesla Motors, Inc.
- Denso Corporation
- Aisin Seiki Co., Ltd.
- Knorr-Bremse AG
- Mando Corporation
This research report includes following segmentation for the Automatic Emergency Braking Market size and forecast until 2025.
- High speed AEB systems
- Low speed AEB systems
- Pedestrian AEB systems
By Vehicle Types
- Passenger cars
- Commercial vehicles
- Dynamic brake support
- Crash imminent braking
- Forward collision warning
Automatic Emergency Braking Market Analysis by Regions:
- North America
- Central & South America
- Middle East & Africa