Press release
Automatic Emergency Braking Market Trend to 2024 Profiling Magna International Inc., Autoliv Inc., Bosch Group, Continental AG, Delphi Technologies, Mobileye & More
Asia Pacific automatic emergency braking market is expected to observe a considerable growth rate over the projected timeframe. This growth is attributed to the increasing passenger vehicle sales across the region. Automobile manufacturers are increasing production significantly to meet the consumer demand. Asian countries are supporting the fitment of AEB in vehicles by providing logistical, financial and operational support for testing of automated vehicles.
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Growing awareness among vehicle owners regarding vehicle safety will boost the automatic emergency braking market. As per National Highway Traffic Safety Administration (NHTSA), in 2015, in the U.S. over 129,000 pedestrians were involved in crash-related injuries. Countries are taking initiatives to increase awareness regarding car crash safety. In 2018, Institute of Road Traffic Education launched ?Stop the Crash? campaign to showcase benefits of advanced vehicle systems such as electronic stability control and autonomous emergency braking, providing a positive outlook for the industry expansion.
Increasing regional vehicle safety organizations will accelerate the automatic emergency braking market growth. For instance, vehicle crash safety regulatory organizations including the Global New Car Assessment Programme (Global NCAP) are involving automobile manufacturers to promote safer cars. The organization has laid minimum crash test standards and encourages automakers to make voluntary commitment to ensure the vehicles exceeds the laid standards. NCAP has established itself in multiple nations including China, Korea and Australia for ensuring adherence with the standards.
Rising automotive manufacturing capacities in the U.S., China, and Japan are accelerating the automatic emergency braking market place over the forecast period. Increasing adoption of passenger cars with improved technology for better passenger safety is a major factor fueling the business growth till 2024.
Disc brake accounted for over 65% volume share in 2017. This can be attributed to the increasing usage of these brakes in higher end and luxury vehicles over the forecast period. The benefits offered by the disc bakes including improved heat circulation and transfer due to friction and self-adjusting capabilities further strengthening the automatic emergency braking industry share till 2024.
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Major players in the automatic emergency braking market place include Magna International Inc., Autoliv Inc., Bosch Group, Continental AG, Delphi Technologies, Mobileye, and ZF TRW Automotive Inc. Industry participants are emphasizing on development and manufacturing products with advanced technology. For instance, In August 2017, Bosch launched an innovative AEB system with cyclist detection technology. This system has the capability to react in 190 milliseconds and can bring a car to a complete halt with speeds up to 40 kmph.
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 Brake
Chapter 5 Automatic Emergency Braking Market, By Vehicle
Chapter 6 Automatic Emergency Braking Market, By Technology
Chapter 7 Automatic Emergency Braking Market, By Region
Chapter 8 Company Profiles
For More Details On this Report: https://www.marketstudyreport.com/reports/automatic-emergency-braking-aeb-market-size-by-vehicle-type-commercial-vehicles-passenger-vehicles-industry-analysis-report-regional-outlook-u-s-canada-germany-uk-france-italy-russia-china-japan-south-korea-brazil-mexico-application-potential-price-trends-competitive-market-share-forecast-2016-2024
Related Report:
Global Automatic Emergency Braking (AEB) Market Insights, Forecast to 2025
Global Automatic Emergency Braking (AEB) market size will reach million US$ by 2025, from million US$ in 2018, at a CAGR of during the forecast period. In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Automatic Emergency Braking (AEB). This industry study presents the global Automatic Emergency Braking (AEB) market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Automatic Emergency Braking (AEB) production, revenue and market share by manufacturers, key regions and type;
https://www.marketstudyreport.com/reports/global-automatic-emergency-braking-aeb-market-insights-forecast-to-2025
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