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What's driving the Automatic Emergency Braking Market trends? 2024 Key Company Profiled Autoliv : Magna International : Tesla : AUDI AG : Mercedes-Benz USA : Volkswagen AG : Siemens : BMW : Ford Motor Company : General Motors : Groupe PSA

03-12-2019 06:56 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Insights, Inc

/ PR Agency: Automotive Industry
What's driving the Automatic Emergency Braking Market trends?

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.

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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.

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.

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:

• Autoliv
• Bosch
• Continental
• Delphi
• Magna International
• Mobileye
• ZF Group
• Tesla
• Audi
• Mercedes-Benz USA
• Volvo Group
• Volkswagen
• Siemens
• Mitsubishi Motors
• Ford Motor Company
• General Motors
• Hyundai Motor Company
• Toyota Motor Corporation
• Honda Motor Company
• Groupe PSA

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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.

Proliferating automobile production and sales along with increasing consumer awareness regarding pedestrian and passenger safety are driving the automatic emergency braking (AEB) market size over the study timeframe. Availability of multiple budget vehicle models offering automatic emergency braking technologies at lower cost is further supporting the business growth. For instance, Suzuki Japan offers a wide range of budget vehicles with automatic emergency braking technologies including Ignis, Swift, Baleno, Hustler, Spacia, and WagonR models.

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The AEB market players include Autoliv, Continental, Delphi, Magna, Siemens, and Bosch. Industry players are engaged in long-term partnerships and alliances with automobile OEMs for efficient incorporation of the technology into their vehicles. For instance, in 2015, Bosch partnered with Land Rover for developing a stereo vision camera-based automatic emergency braking system complying with the ASIL B safety standards in-line with ISO 26262 standards, thereby providing a positive outlook for the market growth.

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.

Contact us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688

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