Automatic Emergency Braking Market Rising at 29.3% CAGR to 2024: Top Companies are Audi, Autoliv, BMW, Continental, Delphi, Ford, Mercedes Benz, Mitsubishi, Siemens, Volkswagen, Volvo, ZF-TRW

Increasing efforts to reduce pedestrian and driver fatalities along with stringent implementation of motor vehicle safety regulations worldwide will have a significant impact on the global automatic emergency braking market over the coming years. Recently, a study conducted by the Insurance Institute for Highway Safety for General Motors confirmed that safety systems like forward collision warning and automatic emergency braking prevent car crashes. The study further elaborated that GM vehicles integrated with a combination of automatic emergency braking systems and forward collision warning reduced chances of front-to-rear crashes with injuries by 64 percent as compared to same vehicles without any crash prevention technologies.

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The study also revealed that by 2022, twenty auto manufacturers, representing over 99 percent of the U.S. auto market, have agreed to include automatic emergency braking on virtually all passenger vehicles, which is a positive sign for the growth of automatic emergency braking market. Amidst this backdrop, it is evident that efforts by major market players to improve their vehicle’s safety features will drive the demand for automatic emergency braking systems.

The European Commission has adopted road safety programs aimed at reducing road deaths in Europe between 2011 and 2020. These programs set various initiatives focusing on improving vehicle safety, infrastructure, and road user behavior. From 2014, Euro NCAP mandated vehicles in the EU were to be equipped with active safety systems, which avoid or mitigate collisions with low and intermediate speed to achieve a 5-star rating. This assessment particularly focused on the quality aspect of how well driver assistance systems perform in a given test scenario.

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.

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.

Growth drivers
• Increasing consumer awareness regarding safety
• OEMs to offer AEB as a standard option
• Encouragement of safety technologies by new car assessment programme (NCAP)

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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.

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.

The willingness to adopt these systems among consumers is high in developing countries, but the price and infrastructure required for this technology are restricting the adoption. Companies succeeding in providing cost-effective and need-specific features are likely to get economic benefits and brand differentiation.

Some AEB market participants are Audi, Autoliv, BMW, Continental, Delphi, Ford, Magna, Mazda, Mercedes Benz, Mitsubishi, 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.

Table of Content:

Chapter 1. Automatic Emergency Braking Market Methodology and Scope

Chapter 2. Automatic Emergency Braking Market 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. Automatic Emergency Braking Market Company Profiles

Outer scope of this report the automatic emergency braking market is also driven by numerous government mandates to improve road safety. Back in 2017, the Indian auto sector planned to invest about INR 1 lakh crore on upgrading their vehicle models to meet upcoming vehicle safety regulations. Similarly, Europe lately saw a major change in standard vehicle safety equipment, after its commission proposed for active and passive safety improvements which necessitate the adoption of accident avoidance systems, thus propelling market growth.

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Related Report:

United States Automatic Emergency Braking System Market Report 2017
In this report, the United States Automatic Emergency Braking System market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.

https://www.marketstudyreport.com/reports/united-states-automatic-emergency-braking-system-market-report-2017?utm_source=RR-SP

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