What's driving the Automatic Emergency Braking Market trends? Key players- Autoliv, Continental, Delphi Technologies, Mercedes-Benz USA, Volkswagen AG, Mitsubishi Corporation, BMW Group, Ford Motor Company

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.

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.

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Industry participants are involved in maximizing system performance output by increasing the overall production and manufacturing efficiency. Introduction of advanced manufacturing techniques including lean manufacturing and rapid prototyping are positively influencing the automatic emergency braking market growth. The incorporation of AEB systems in vehicles require appropriate optimization of hardware and software. Mass production of these components is expected to lower the system price significantly.

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.

Stringent federal regulations regarding vehicle occupant safety will propel the automatic emergency braking market. Government organizations including the National Highway Traffic Safety Administration (NHTSA) are working with industry partners to adopt collision avoidance systems for ensuring passenger and pedestrian safety, positively influencing 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.

Crash imminent braking technologies will grow significantly over the projected timeframe. Growing adoption of crash avoidance technologies for detecting impending forward crash with other vehicles will enhance the market. The system alerts the drivers and takes corrective action to avoid and reduce crash severity. The system lowers wear and tear caused due to friction-based braking components and reduces energy consumption significantly, positively influencing the automatic emergency braking market till 2024.

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ICE showcased a significant growth rate of around 17% owing to multiple benefits offered by this system including superior stability and drivability. The engines offer high power to weight ratio and thermal efficiency. Vast expansion of fuel retail infrastructure is influencing conventional automobiles demand. Moreover, low cost of ownership will propel automatic emergency braking market growth over forecast period.

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.

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