Autonomous Emergency Braking System Market Trends, Opportunities and Competitive Analysis

Autonomous Emergency Braking System Market size was valued at $43.7 billion in 2016, and is projected to reach at $67.67 billion by 2023, growing at a CAGR of 6.7% from 2017 to 2023.

The autonomous emergency braking system (AEBS), a new safety feature that is increasingly being installed in cars, keeps track of the traffic conditions up ahead and will automatically apply the brakes if the driver is unable to react in time to an emergency. Experts consider AEB to be as significant a development as the seatbelt, but it tries to prevent crashes from occurring in the first place rather than only protecting the occupant in the event of one. Advanced driver assistance systems is an industry that uses autonomous emergency braking systems (ADAS).

A new safety innovation called an autonomous emergency braking system (AEBS) anticipates traffic circumstances and automatically stops the car if the driver doesn't react in time to an emergency. According to experts, AEB is just as important as seatbelts, but instead of shielding the occupant in the case of a collision, it aims to avoid one altogether. Advanced driver assistance systems are a focus of the industry for autonomous emergency braking systems (ADAS).

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The market for autonomous emergency braking systems is divided into segments based on region, vehicle type, technology, and product type. The market is split into low-speed AEBS and high-speed AEBS according to product type. The AEBS is divided into dynamic brake support and collision impending braking according to technology. The market is divided into passenger and commercial vehicles based on the kind of vehicle. 

Injuries from traffic accidents kill 1.25 million people annually, making them the leading cause of mortality for those between the ages of 15 and 29, according to a World Health Organization fact sheet. In addition, low- and middle-income countries account for 90% of all road fatalities despite having 54% of the world's vehicles. In addition, vehicle accidents cost the majority of nations 3% of their GDP (GDP). For the safety and security of the car, the driver, and the passengers, there is a greater need for vehicles with autonomous emergency braking systems (AEBS).

Global Autonomous Emergency Braking System Market: Segmentations

Global Autonomous Emergency Braking System Market: By Key Players
Robert Bosch GmbH
Continental AG
Denso Corporation
ZF Friedrichshafen AG
Hyundai Mobis Co., Ltd.
Aisin Seiki Co., Ltd.
Valeo S.A.
Delphi Automotive PLC
Paccar Inc. (DAF)
Autoliv, Inc.
Knorr-Bremse AG
Mando Corporation
Wabco Holdings, Inc.

Global Autonomous Emergency Braking System Market: By Types
High Speed-Inter Urban AEB Systems
Low Speed-City AEB Systems
Pedestrian-VRU (Vulnerable Road Users) AEB Systems

Global Autonomous Emergency Braking System Market: By Applications
Forward Emergency Braking
Reverse Emergency Braking
Multi-directional Braking

Global Autonomous Emergency Braking System Market: Regional Analysis
The countries covered in the regional analysis of the Global Autonomous Emergency Braking System market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Key Benefits:

• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter's Five Force Model and SWOT analysis are used to study the global Autonomous Emergency Braking System market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Autonomous Emergency Braking System would help in identifying future applications in this market.

Key Benefits Autonomous Emergency Braking System Market Study:

• This study comprises analytical depiction of the global AEBS market with current trends and future estimations to depict the imminent investment pockets.
• The overall autonomous emergency braking system market potential is determined to understand the profitable trends to gain a stronger foothold.
• The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
• The current market is quantitatively analyzed from 2023 to 2032 to highlight the financial competency of the AEBS market.
• Porter's Five Forces analysis illustrates the potency of the buyers and suppliers in the autonomous emergency braking system industry.

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