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Automatic Emergency Braking Market 2024 by Key Players Autoliv, Magna International, Mobileye, ZF Group, Tesla, AUDI AG, Mercedes-Benz USA, Volkswagen AG, Siemens, BMW Group, Ford Motor Company, General Motors, Toyota Motor Corporation, Groupe PSA

02-11-2019 07:03 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Automotive Industry

Automatic Emergency Braking

Automatic Emergency Braking

Automatic Emergency Braking Market for Electric & hybrid vehicles will register over 20% CAGR owing to rising concerns over vehicle pollution and greenhouse gas emissions. The U.S., Canada, and Germany are adopting low carbon initiatives for adhering to international treaties including Paris Summit. Federal government in the U.S. have enacted policies to promote EVs. For instance, American Recovery & Reinvestment Act is providing tax credits in the range of USD 2,500- USD 7,500 per vehicle for encouraging consumers to buy EV, positively influencing the automatic emergency braking market expansion.

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Europe automatic emergency braking market will hold around 50% volume share by 2024. This can be attributed to the presence of major industry players including BMW, Volkswagen, and Mercedes Benz developing innovative AEB solutions for their vehicle portfolio. Organizations including Euro NCAP are promoting development of AEB systems to safeguard occupants and non-occupants. The organization is continuously broadening the scope to enhance product efficiency thereby positively influencing the industry size. Latin America and Middle East & Africa will showcase steady growth owing to increasing luxury vehicles demand.

Drum brakes accounted for a significant market share in the automatic emergency braking (AEB) market place owing to the lower maintenance cost compared to disc brakes. Proliferating small and medium car sales in emerging nations will improve the industry growth. Moreover, higher adoption in heavy commercial vehicles due to large wheel diameter will further escalate the revenue generation.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1.Autoliv
2. Bosch
3. Continental
4. Delphi
5. Magna International
6. Mobileye
7. ZF Group
8. Tesla
9. Audi
10. Mercedes-Benz USA
11. Volvo Group
12. Volkswagen
13. Siemens
14. Mitsubishi Motors
15. BMW
16. Ford Motor Company
17. General Motors
18. Hyundai Motor Company
19. Toyota Motor Corporation
20. Honda Motor Company
21. Groupe PSA

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Proliferation of autonomous driving technologies along with increasing stringent regulations for meeting the New Car Assessment Programs (NCAP) standards are enabling automobile manufacturers to invest in technologies for efficient implementation of the AEB systems. However, higher costs associated along with technical complexities and lack of proper infrastructure may hamper the AEB market size. Thus, industry players are standardizing the technologies across budget models for meeting the economies of scale and further bringing down costs, thereby positively influencing the automatic emergency braking market share.

Stringent government regulations across the globe mandating multiple safety features across passenger vehicles including automatic emergency braking systems, seatbelts, airbags, ABS, electronic stability control systems, and parking sensors are supporting the revenue generation till 2024. For instance, in 2018, the European Commission announced the mandatory fitment of automatic emergency braking systems and intelligent speed assistance in cars by 2030, providing a positive outlook for the industry proliferation.

Forward collision warning accounted for around USD 5 billion in 2017 and is expected to maintain its dominance over the forecast timeframe. This can be credited to increasing system installation in passenger cars for enhancing passenger safety. For instance, In October 2018, Mitsubishi introduced collision mitigation system in their sports utility vehicle line-up to minimize the probability of accidents. Dynamic braking system will foresee steady growth with rising prominence of electric drive systems.

Browse Report Summery @ https://www.gminsights.com/industry-analysis/automatic-emergency-braking-AEB-Market

Europe automatic emergency braking market will hold around 50% volume share by 2024. This can be attributed to the presence of major industry players including BMW, Volkswagen, and Mercedes Benz developing innovative AEB solutions for their vehicle portfolio. Organizations including Euro NCAP are promoting development of AEB systems to safeguard occupants and non-occupants. The organization is continuously broadening the scope to enhance product efficiency thereby positively influencing the industry size. Latin America and Middle East & Africa will showcase steady growth owing to increasing luxury vehicles demand.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Global Market Insights, Inc.
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