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Autonomous Emergency Braking System Market to Reach $33.9 Billion by 2023, growing at a CAGR of 6.7%
Autonomous Emergency Braking System Market
Autonomous Emergency Braking System Market was valued at $43.7 billion in 2016, and is projected to reach at $67.67 billion by 2023, growing at a CAGR of 6.7% from 2017 to 2023, according to the latest report published by Allied Market Research.
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Europe dominates this market presently, followed by North America. In 2016, Japan dominated the market in Asia-Pacific; similarly, Germany led the overall market in the European region. At present, the U.S. is dominating the market in North America.
High adoption rate of advanced braking system and rise in number of road accidents drive the global autonomous emergency braking system market. However, high cost of AEBS technology restricts autonomous emergency braking system market growth. Furthermore, increased passenger vehicle registrations and increased demand for luxury vehicles presents a lucrative opportunity for the market.
In 2016, the high-speed AEBS segment dominates the global autonomous emergency braking system (AEBS) in software tool segment, in terms of revenue. However, based on technology, dynamic brake assist led the global market followed, by crash imminent braking in 2016. Commercial vehicle led the AEBS market by end use in 2016. However, passenger vehicle is anticipated to depict the highest CAGR throughout the forecast period.
Top Impacting Factors
Factors that are expected to impact the global autonomous emergency braking system market during the forecast period are rise in number of road accidents and high adoption rate of advanced braking systems. However, the impact of factors, such as high cost of AEBS technology, is expected to diminish during the forecast period.
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Key Findings of the Autonomous Emergency Braking System Market:
• Product type-high-speed AEBS generated the highest revenue of the global AEBS market, in 2016.
• In 2016, the dynamic brake support technology generated the highest revenue in the AEBS market.
• LAMEA is anticipated to exhibit a highest CAGR during the forecast period.
• In 2016, the commercial vehicle segment contributed the highest market shares in the AEBS market.
Key Market Players:
The key players profiled in the report include Robert Bosch GmbH, Continental AG, Delphi Automotive LLP, ZF Friedrichshafen AG, Mobileye, Autoliv Inc., Hyundai Mobis, AISIN SEIKI Co., Ltd., Hitachi Automotive Systems, Ltd., and Mando Corporation
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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