Overview of the global automotive autonomous emergency braking system (AEBS) market
According to Technavio’s market research report, the reduction of rear-end collisions will be one of the major factors that will have a positive impact on the global AEBS market during the forecast period. Our market research analysts predict that in terms of units, this market will grow at a CAGR of more than 11% by 2022. The AEBS system is mostly fitted into most premium and luxury segment vehicles and is increasingly used in the North American and European countries. Moreover, this safety system is available in two types such as low speed and high speed and boasts of high level of effectiveness in lowering the possibility of a collision. In addition, the AEBS is also increasingly used as a product differentiator by automotive manufacturers raising the safety aspect of vehicles. The increased safety benefits of AEBS is driving the growth of global automotive AEBS market.
The introduction of RCTAB to lower the rear impacts is one of the key trends that will contribute to the market’s growth in the forthcoming years. The innovations in the autonomous braking technology have given rise to the development of rear cross traffic alert braking (RCTAB). This system is designed to reduce the number of rear-end collisions and its consequences. RCTAB uses radar sensors for evaluating the vehicle traffic at the rear-end of the vehicle.
What's your takeaway?
Technavio's industry research report titled, - Global Automotive Autonomous Emergency Braking System (AEBS) Market, will help you-
Identify latent opportunities and explorative solutions in the automotive autonomous emergency braking system (AEBS) market
Identify your key competition, and what's making them tick?
Help you build a comprehensive marketing plan, all permutations and combinations inclusive
The AEBS market appears to be concentrated. This industry research report offers information about the competitive environment among the players in this marketspace and offers an analysis of key companies and their products. Additionally, our analysts also offer information about key areas the players currently focus on and strategies they follow to sustain the competition.
This research report provides an analysis of various companies in this market including
Segmentation by application and analysis of the AEBS market
The passenger vehicles segment accounted for the major share of AEBS market during 2017. The increased fitment of advanced driver assistance system (ADAS) with active safety systems in passenger vehicles is one of the key market adopters for the global automatic braking system market.
Geographical segmentation and analysis of the AEBS market
This market study estimates that in terms of geographic regions, EMEA will be the major revenue contributor to the market throughout the forecast period. Factors such as the increased penetration rate of ADAS in automobiles in European nations and presence of government regulations on automotive safety will drive the market’s growth in the region.
Key questions answered in the report include
What will the market size and the growth rate be in 2022?
What are the key factors driving the global automotive autonomous emergency braking system (AEBS) market?
What are the key market trends impacting the growth of the global automotive autonomous emergency braking system (AEBS) market?
What are the challenges to market growth?
Who are the key vendors in the global automotive autonomous emergency braking system (AEBS) market?
What are the market opportunities and threats faced by the vendors in the global automotive autonomous emergency braking system (AEBS) market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global automotive autonomous emergency braking system (AEBS) market?
Technavio also offers customization on reports based on specific client requirement.