What’s driving the automotive airbags market opportunities? | Rockwell Collins, Triumph Group, Zodiac Aerospace, Takata, Autoliv, Bosch, Delphi, Denso
Rising automotive manufacturing capacities in the U.S., China, and Japan are accelerating the automatic emergency braking market 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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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
7. General Motors
10. Mercedes Benz
13. Robert Bosch GmbH
15. Tesla Motors
18. ZF TRW
Industry Growth Drivers:
1. Government regulations for collision avoidance system
2. Encouragement of safety technologies by Euro New Car Assessment Programme (Euro NCAP)
3. Growing passenger car sales and OEMs offering AEB in standard models
4. Increasing consumer awareness regarding vehicle safety
5. Rising demand for autonomous cars
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.
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 market share till 2024.
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Automatic Emergency Braking Market for 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.
Automatic Emergency Braking Market for 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.
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.
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.
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Major players in the automatic emergency braking market 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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