New Trends in Automotive Autonomous Emergency Braking Systems Market | Emerging Technology with Dominant Players (Robert Bosch GmbH, Continental AG, Delphi Automotive PLC, WABCO Holdings Inc, Mobileye, , ZF Friedrichshafen AG, Aisin Seiki Co. Ltd, Autoliv

Market Analysis:

Autonomous emergency braking systems are designed to detect an imminent crash and prevent a crash or at the least mitigate the damage in an event of a crash. These systems use RADAR, Cameras or LiDAR technologies to identify obstacles in the path of the vehicle and alert the driver if a situation is developing.

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Increasing safety concerns due to rising vehicular accidents is expected to drive this market. The demand for Autonomous Emergency Braking (AEB) systems is expected to increase during the forecast period as the authorities of the US, South Korea, and EU, amongst others have resolved to make these systems mandatory for all vehicles sold in order to reduce the number of traffic accidents in their respective countries. The European Union came up with a legislation, which makes it mandatory on the part of manufacturers of trucks and buses to equip their products with AEB systems. The vehicles installed with AEBs also have discounted premiums, thereby bringing down the costs of insurance. These developments are likely to drive the autonomous emergency braking systems market in the near future.

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Market Segments:
Automotive Autonomous Emergency Braking Systems Market is segmented by:
1. Vehicle Type: Passenger Vehicles, Commercial Vehicles
2. Technology: LiDAR, RADAR, Camera
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments:
October 2017: South Korea’s Ministry of Transportation announced mandatory installation of Autonomous Emergency Braking System for all passenger vehicles sold from January 2019.

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