Global Low-speed Automotive Autonomous Emergency Braking System Market to Reach USD 456.97 Billion by 2032, Registering a CAGR of 22.23% - Safety Concerns Drive Growth

Dataintelo has recently published a comprehensive report revealing the impressive growth of the global Low-speed Automotive Autonomous Emergency Braking System (AEBS) market. It was valued at USD 82.52 Billion in 2023 and is forecasted to bulge up to USD 456.97 Billion by 2032. This significant increase translates to a compound annual growth rate (CAGR) of 22.23% throughout the period from 2024 to 2032. The rapid expansion of this market is mainly attributed to the growing awareness about vehicle safety.

Automotive AEBS is a critical safety technology that is rapidly gaining traction in the global market, primarily due to its role in preventing vehicle collisions. This system is instigating a major transformation in vehicle safety by automatically detecting obstacles and applying brakes, thus reducing the risk of accidents. The innovation involved in low-speed Automotive AEBS is marked by the use of cutting-edge sensors and algorithms that significantly enhance driver assistance.

The implementation of these systems is becoming increasingly common in modern vehicles, primarily driven by consumer demand for improved safety measures. This trend shows no sign of slowing down, especially considering the urban environments where low-speed accidents are most common.

This report highlights the importance of safety measures in vehicles and provides key insights into the growth and future potential of the low-speed automotive AEBS market. It serves as a reliable market estimation that stakeholders, investors, product managers, marketing executives and other professionals in this field can rely on to make informed strategic decisions.

The report also provides an in-depth analysis of the market, discussing different aspects such as the driving factors, challenges, opportunities, and trends that are impacting the AEBS sector. It examines the competitive landscape and profiles the key players in the market, alongside extensive coverage of the various product types, applications, and regional scenarios

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://dataintelo.com/request-sample/201911

𝐓𝐡𝐢𝐬 𝐢𝐬 𝐨𝐧𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐜𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐬:

The low-speed automotive autonomous emergency braking system (AEBS) market has been segmented on the basis of𝐓𝐲𝐩𝐞
● Passenger Vehicles
● Commercial Vehicles

𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲
● Radar
● Lidar
● Camera

𝐄𝐧𝐝-𝐮𝐬𝐞𝐫
● OEMs
● aftermarket

𝐑𝐞𝐠𝐢𝐨𝐧
● Asia Pacific
● North America
● Latin America
● Europe
● Middle East & Africa

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
● Autoliv
● Continental AG
● Delphi (Aptiv)
● 𝐇𝐋 𝐌𝐚𝐧𝐝𝐨 𝐂𝐨𝐫𝐩.
● Mobileye
● 𝐑𝐨𝐛𝐞𝐫𝐭 𝐁𝐨𝐬𝐜𝐡 𝐆𝐦𝐛𝐇
● WABCO
● ZF Friedrichshafen AG.

The low-speed automotive autonomous emergency braking system (AEBS) market shows considerable diversity within its segmentation. Based on the type of vehicle, the AEBS market can be classified into two prominent categories: passenger vehicles and commercial vehicles. Both segments present extensive potential, but the rising concerns for passenger safety and government regulations expectedly spearhead the former category. The AEBS technology-based segmentation includes radar, lidar, and camera. Each technology possesses unique benefits and applies according to its situational efficacy. For instance, radar technology is typically employed in adverse weather conditions, while lidar technology is best suited for mapping surrounding obstacles. Meanwhile, the camera-based system is often preferred for its relatively lower costs and multi-functionality.

On a regional basis, the AEBS market is divided into Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa. North America and Europe are anticipated to hold significant market shares owing to stringent road safety regulations and high consumer expectation of vehicle safety features. The Asia Pacific region, with developing nations like China and India, is expected to grow rapidly in the coming years due to increased vehicular production and substantial emphasis on safety standards. By end users, the sharpening focus to incorporate AEBS in new vehicle models stimulates the original equipment manufacturers (OEMs) segment, whereas the rising awareness of road safety will likely drive the aftermarket segment. Prominent players in the market include Autoliv, Continental AG, Delphi (Aptiv), HL Mando Corp., Mobileye, Robert Bosch GmbH, WABCO, and ZF Friedrichshafen AG, among others

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://dataintelo.com/request-sample/201911

Drivers:

1. Increased Awareness towards Road Safety: The growing consciousness regarding safety of individuals in vehicles and pedestrians on the road is prompting governments of various nations to mandate the use of autonomous emergency braking systems.

2. Stringent Government Regulations: Strict rules and regulations imposed by governments worldwide are propelling automobile manufacturers to incorporate autonomous emergency braking systems into their vehicles.

3. Implementation of New Car Assessment Program (NCAP): NCAP's safety rating programs are encouraging vehicle manufacturers to integrate low-speed AEBS in their vehicle models to achieve higher NCAP safety ratings.

4. Technological Advancements: Continued research and advancements in ADAS (Advanced Driver Assistance Systems) technology are boosting the market growth.

5. Increasing traffic congestion: With increasing urbanization, traffic congestion has also increased dramatically, making low-speed AEBS an important safety feature for cars in crowded cities.

Opportunities:

1. Rise in Autonomous Vehicles: The rise in the development and adoption of autonomous vehicles opens a significant market opportunity for low-speed AEBS.

2. Demand for Electric Vehicles: The growing demand for electric vehicles may open new opportunities for the market. These vehicles are typically equipped with advanced driving systems like AEBS.

3. Emerging Economies: The growing automotive industry in emerging nations is giving rise to many opportunities for the market expansion.

4. Integration with IoT: The integration of ADAS systems like AEBS with IoT has huge potential to open new avenues in the market.

5. Demand for Luxury Vehicles: The high demand for luxury vehicles which come equipped with various safety features including low-speed AEBS can also be seen as a massive opportunity for this market

𝐘𝐨𝐮 𝐜𝐚𝐧 𝐝𝐢𝐫𝐞𝐜𝐭𝐥𝐲 𝐛𝐮𝐲 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐟𝐫𝐨𝐦: https://dataintelo.com/checkout/201911

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