The global Automatic Emergency Braking Market generated 8,870 thousand units in 2017 and is anticipated to grow at a CAGR of 25.2% during the forecast period according to a new study published by Polaris Market Research.
Automatic Emergency Braking (AEB) systems are integrated in cars for detection of an impending forward crash with another vehicle for timely avoidance or mitigation of the crash. AEB systems scan the road for hazards while maintaining a safe distance from other vehicles on the road. The primary function of AEB systems is to alert the driver to take corrective actions in order to avoid the crash. However, in case of insufficient response, the AEB system may automatically apply the brakes to assist in preventing or reducing the severity of a crash.
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There has been a significant increase in the demand for AEB systems owing to increasing need for road safety, and growing demand for luxury vehicles from emerging economies. The growing need for improved road safety, and modernization of vehicles increases the demand for Automatic Emergency Braking Market. The introduction of stringent government regulations regarding road safety, vehicle efficiency, and NCAP regulatory scenario further accelerates the growth of the AEB market. Rising demand for luxury vehicles, increasing development of autonomous vehicles, growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities for Automatic Emergency Braking Market during the forecast period.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Automatic Emergency Braking Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
The North America Automatic Emergency Braking Market generated the highest volume in the market in 2017 owing to increasing modernization of vehicles, development of autonomous vehicles, and strict government regulations in the region.
Competitive Landscape and Key Vendors
The global Automatic Emergency Braking market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
The leading companies profiled in the Automatic Emergency Braking Market report include 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, and Mando Corporation.
- High Speed AEB Systems
- Low Speed AEB Systems
- Pedestrian AEB Systems
- Passenger Vehicles
- Commercial Vehicles
- Dynamic Brake Support
- Crash Imminent Braking
- Forward Collision Warning
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
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