Why AEB Market Trending in 2020? Know The Forecast Research till 2026
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List of the Major Companies in the Automotive Autonomous Emergency Braking System Market Include:
Magna International Inc.
Infineon Technologies AG
Knorr Bremse AG
The report is aimed at delivering a comprehensive view of the automotive autonomous emergency braking system market dynamics and structure by identifying and providing information regarding the key market segments. It also focuses on an all-encompassing analysis of leading market players by financial position, product, product portfolio, price, growth strategies, and regional presence.
It offers PORTER's analysis and SWOT analysis to record the question of shareholders and highlights the investment potential in the upcoming future. It also showcases different procedures and strategies of companies currently operating in the market. It further examines the components, convincing market expansion, growth patterns, restricting factors, and market strategies.
Increasing Awareness about Vehicle Safety to Spur Market Demand
The increasing awareness among the consumers regarding the safety before the collision of the vehicle is predicted to be a crucial factor in propelling the growth of the market. The escalating technological advancement in the automotive braking system is likely to create lucrative business opportunities for the market in the forthcoming years.
Furthermore, the gradual shift from manual to the hydraulic braking system and electronically controlled braking system is expected to support the automotive autonomous emergency braking system share during the forecast period. Additionally, the stringent government regulations regarding the safety of passengers and vehicles is predicted to increase the adoption of the autonomous emergency braking system and thus to aid the market.
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However, the high installation cost of the autonomous emergency braking system is predicted to dampen the growth of the market in the forthcoming years. The lack of infrastructure support and maintenance cost of the system is also predicted to restrict the automotive autonomous emergency braking system market growth during the forecast period.
In addition, the insufficient frequency bands for the operation of the electronic system is also predicted to be a restricting factor for the automotive autonomous emergency braking system size.
Consumer Preference towards Better Safety Standards to Propel Market in Asia Pacific
Geographically, the global market is segmented into North America, Europe, Asia Pacific, and Rest of the world. Asia-Pacific is expected to witness high growth during the forecast period owing to the increasing usage of automotive autonomous emergency braking system. The surge in consumers' preferences for better safety standards is also expected to facilitate the market in Asia Pacific. The rise in sales of passenger cars in developing countries such as China and India is also predicted to augur well for the market in the forthcoming years.
Europe is expected to grow exponentially during the forecast period owing to the presence of various automotive companies such as Mercedes Benz, BMW, Volkswagen, Volvo. These cars offer innovative AEB to their vehicle line-up, which in turn will create lucrative sales opportunities for the market in the forthcoming years. The increasing government initiatives towards the prevention of road accidents is also likely to have a positive impact on the market in the forthcoming years. For instance, to safeguard the occupants and pedestrian, Euro NCAP, a vehicle safety regulating body, has created a norm for the implementation of AEB in the passenger vehicles.
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