Global Automotive Adaptive Emergency Brake Lights Market 2017-2021

Global outlook of the automotive adaptive emergency brake lights market

Technavio’s market research analysts predict the global automotive adaptive emergency brake lights market to grow steadily during the forecast period and in terms of units, post a CAGR of more than 9% by 2021. This industry research report identifies the rise in adoption of electronic components by automotive manufacturers to differentiate their products to be one of the major factors that will have a positive impact on the growth of this market in the coming years. Intense competition in the automotive industry is inducing companies to improve various parameters including safety, performance, stability, and comfort by replacing the conventional mechanical components with automotive electronics. The adaptive emergency brake lights systems have the option to be disabled or activated based on the preference of the consumer and will be one of the major components preferred by original equipment manufacturers (OEMs) to differentiate vehicle variants.

Driven by constant innovation and development in the systems' architecture and functionality, the coming years will witness a significant adoption of advanced brake lighting systems in commercial vehicles as well. The American auto component makers WABCO and ZF TRW have already developed and introduced a new technology for commercial vehicles known as evasive maneuver assist (EMA). Using radar-based collision avoidance technology, this system identifies obstacles in the front of the vehicle and unavoidable rear-end collisions and sends alert signals to the driver in the form of audio and haptic signals. In addition to preventing collisions, the system also helps the driver to bring the vehicle to a complete stop.

Competitive landscape and key vendors

The market is characterized by the presence of a number of well-established international and regional or local vendors and appears to be highly fragmented. The growth of the market is mainly driven by the growth of the automotive industry that witnesses constant innovations and development of new products. This has resulted in intensifying the level of copmeiton among the automotive lighting manufacturers. To attain a competitive edge in the market, several safety system providers will start acquiring value chain participants, which will help them enhance revenue shares and improve their market positions. One of the major market players FELIO designs and engineers electronic accessories for the automotive industry and focuses on offering products that provide enhanced safety, comfort, and convenience. The company supplies a wide range of products like parking aid systems, tire-pressure monitoring system (TPMS), and adaptive brake lights to major automotive OEMs including Bufori, Chevrolet, Citroën, Ford, Honda, Jaguar, and KIA.

The leading vendors in the market are -

• FELIO
• KOITO
• Magneti Marelli
• Valeo

The other prominent vendors in the market are SafeLight, Kahtec Technologies International, ICHIKOH Industries, and ZKW.

Geographical segmentation and analysis of the automotive adaptive emergency brake lights market

• Americas
• APAC
• EMEA

This market research and analysis estimates that in terms of geographical regions, the Americas will be the major revenue contributor to the automotive adaptive emergency brake lights market by the end of the predicted period. Studies from the National Highway Traffic Safety Administration (NHTSA) that reveal better response time of drivers to adaptive emergency brake lights will drive the demand for cars equipped with adaptive brake lights in the region, in turn, aiding market growth.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global automotive adaptive emergency brake lights market?
• What are the key market trends impacting the growth of the global automotive adaptive emergency brake lights market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive adaptive emergency brake lights market?
• What are the market opportunities and threats faced by the vendors in the global automotive adaptive emergency brake lights 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 adaptive emergency brake lights market?

Technavio also offers customization on reports based on specific client requirement.

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• Global Automotive Advanced Emergency Braking System Market 2016-2020