What's driving the Automatic Emergency Braking Market Overview? Regional Analysis Key Industry Vendors Autoliv, Tesla, AUDI AG, Mercedes-Benz USA, Volkswagen AG, Ford Motor Company, General Motors, Groupe PSA
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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.
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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Magna International
• ZF Group
• Mercedes-Benz USA
• Volvo Group
• Mitsubishi Motors
• Ford Motor Company
• General Motors
• Hyundai Motor Company
• Toyota Motor Corporation
• Honda Motor Company
• Groupe PSA
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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.
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.
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.
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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.
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