Press release
Automatic Emergency Braking Market By Vehicle Type 2024 | Audi, Autoliv, BMW, Continental, Delphi, Ford, General Motors, Magna, Mazda, Mercedes Benz, Mitsubishi, Mobileye, Robert Bosch GmbH
Automatic Emergency Braking
Automatic Emergency Braking Market size will cross USD 15 billion by 2024, as per a new research report. EMEA automatic emergency braking market share was over 45% in 2015. Consumers in the EU are focused towards adopting advanced safety technologies thus driving the AEB market demand.
Some AEB market participants are Audi, Autoliv, BMW, Continental, Delphi, Ford, General Motors, Magna, Mazda, Mercedes Benz, Mitsubishi, Mobileye, Robert Bosch GmbH, Siemens, Tesla Motors, Volkswagen, Volvo, ZF TRW. Frequent mergers and acquisitions along with collaborations are among the major trends. For instance, Bosch in collaboration with Land Rover has developed stereo vision camera, which can operate AEB stand-alone with no extra sensors. It eliminates the use of radar combination and video sensors.
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Growing awareness about vehicle safety among customers and manufacturers will drive the AEB market. Governments and other organizations are actively involved in introducing and mandating the utilization of these technologies in vehicles. Rear end collisions that occur due to tailgating are the most common types of accidents. The U.S. National Highway Traffic Safety Administration (NHTSA) reports that rear-end collisions represent one-third of the vehicle crashes. While few accidents cause human losses, some involve major injuries and property damages.
AEB market adoption depends upon the nature of the road conditions. Real-time up-to-date information is a critical element of the system, which includes information about dynamic road conditions, intended action of other vehicles, and environmental or road infrastructure. The economic factors associated with the AEB market growth include decreasing the severity of accidents, which reduces the vehicle damage and reduces insurance claims. Moreover, insurance companies are also lowering their premiums.
The APAC automatic emergency braking market will show future growth prospects during the forecast period owing to the rising infrastructure development required for installation. Growing infrastructure and highway development are likely to present considerable growth opportunity for the application of these technologies in inter-city and city traffic.
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Mandatory governmental regulations drive the AEB market demand in Heavy Commercial Vehicle (HCV) and Light Commercial Vehicles (LCV). Rising road crashes and fatality chances by HCVs create demand for AEB installation to avoid property and human losses that occur due to accidents. The EU region has currently mandated technology incorporation for commercial vehicles as a high priority.
Table of Content:
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. Automatic Emergency Braking Industry Insights
Chapter 4. Automatic Emergency Braking Market, By Vehicle
Chapter 5. Automatic Emergency Braking Market, By Region
Chapter 6. Company Profiles
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