Automatic Emergency Braking (AEB) Market to grow at over 29.3% CAGR from 2016 to 2024
Growing awareness about vehicle safety among customers and manufacturers will drive the AEB market. Governments and other organizations are actively involved in introducing and mandating the utilization of these technologies in vehicles. Rear end collisions that occur due to tailgating are the most common types of accidents. The U.S. National Highway Traffic Safety Administration (NHTSA) reports that rear-end collisions represent one-third of the vehicle crashes. While few accidents cause human losses, some involve major injuries and property damages.
Request for a sample of this research report - https://www.gminsights.com/request-sample/detail/1171
The European Commission has adopted road safety programs aimed at reducing road deaths in Europe between 2011 and 2020. These programs set various initiatives focusing on improving vehicle safety, infrastructure, and road user behavior. From 2014, Euro NCAP mandated vehicles in the EU were to be equipped with active safety systems, which avoid or mitigate collisions with low and intermediate speed to achieve a 5-star rating. This assessment particularly focused on the quality aspect of how well driver assistance systems perform in a given test scenario.
AEB market adoption depends upon the nature of the road conditions. Real-time up-to-date information is a critical element of the system, which includes information about dynamic road conditions, intended action of other vehicles, and environmental or road infrastructure. The economic factors associated with the AEB market growth include decreasing the severity of accidents, which reduces the vehicle damage and reduces insurance claims. Moreover, insurance companies are also lowering their premiums.
High acceptance rates in developed countries are likely to encourage the adoption of autonomous vehicles. However, the lack of penetration in emerging countries is restricting the automatic emergency braking market growth despite the high willingness to buy AEB-enabled vehicles. The growth of the ADAS component suppliers depends on its penetration, regulations, and availability.
Mandatory governmental regulations drive the AEB market demand in Heavy Commercial Vehicle (HCV) and Light Commercial Vehicles (LCV). Rising road crashes and fatality chances by HCVs create demand for AEB installation to avoid property and human losses that occur due to accidents. The EU region has currently mandated technology incorporation for commercial vehicles as a high priority.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1171
EMEA automatic emergency braking market share was over 45% in 2015. Consumers in the EU are focused towards adopting advanced safety technologies thus driving the AEB market demand.
The APAC automatic emergency braking market will show future growth prospects during the forecast period owing to the rising infrastructure development required for installation. Growing infrastructure and highway development are likely to present considerable growth opportunity for the application of these technologies in inter-city and city traffic.
The willingness to adopt these systems among consumers is high in developing countries, but the price and infrastructure required for this technology are restricting the adoption. Companies succeeding in providing cost-effective and need-specific features are likely to get economic benefits and brand differentiation.
Some AEB market participants are Bosch, Autoliv, Mobileye, Continental, and ZF-TRW. Frequent mergers and acquisitions along with collaborations are among the major trends. For instance, Bosch in collaboration with Land Rover has developed stereo vision camera, which can operate AEB stand-alone with no extra sensors. It eliminates the use of radar combination and video sensors.
AEB market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD billion from 2014 to 2024, for the following segments:
AEB Market By Vehicle
The above information is provided on a regional basis for the following:
• North America
• Asia Pacific
• South Korea
• Latin America
Browse Related Reports:
• Automotive Air Filters Market Size By Application (Light & Heavy Commercial Vehicles, & Two Wheelers, Passenger Cars), By Product (Cabin, Intake), By End-Use (Aftermarket, OEM), Industry Outlook Report, Regional Analysis, Application Development, Price Trends, Competitive Market Share & Forecast, 2015 – 2022
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
Connect with us: Facebook | Google+ | LinkedIn | Twitter
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automatic Emergency Braking (AEB) Market to grow at over 29.3% CAGR from 2016 to 2024 here
News-ID: 469072 • Views: 781
More Releases from Global Market Insights Inc.
Steam Autoclaves Market | Insights and Forecast Research Report 2024
The steam autoclave market size is expected to exceed more than US$ 3.1 Billion by 2024, Growing at a CAGR of more than 8.7% in the given forecast period. The extensive use of sterilizing surgical equipment in pharmaceutical and biomedical applications has been propelling steam autoclaves market share over the last few years. The primary reason for the massive deployment of these products in medical applications is the nontoxic and
Advanced Wound Care Market 2019 | Growth, Status and Forecast by 2025
The global advanced wound care market size is expected to reach USD 13.5 billion by 2025, at a CAGR of 5.0% during the forecast period, according to a new report by Global market insights, Inc. Europe advanced wound care market will experience 5.0% growth during the analysis period. Germany, UK, and France represents mature markets in Europe while Spain, Netherland, Belgium, Austria are forecasted to witness high CAGR. Aging demographics
Vascular Graft Market | Industry Analysis, Size, Share, Growth by 2024
Vascular graft market size is anticipated to exceed US$ 3.6 bn by 2024, states Global Market Insights, Inc. in its latest research report. Prominent industries involved in vascular graft market are Becton Dickinson (C.R. Bard), B. Braun, Cryolife (Jotec), Cook Medical, Endologix, Getinge AB, LeMaitre Vascular, Medtronic PLC, Terumo GmbH and W.L. Gore and Associates. These prominent business players are focusing on strategic mergers, new product launch and acquisitions to
Pharmacovigilance Outsourcing Market 2019 | Dynamics, Forecast, Analysis and Sup …
U.S. pharmacovigilance outsourcing market size dominated North America region and was valued at USD 783.2 million revenue in 2017 and is estimated to witness similar trend during the forthcoming years. The high growth is attributed to strong foothold of major pharma and medical device companies coupled with extensive drug development activities in the U.S. Moreover, high healthcare expenditure in the country and growing concern regarding drug safety and adverse drug
More Releases for AEB
Autonomous Emergency Braking (AEB) System Market Professional Analysis Report 20 …
AEB system is an active safety system that is incorporated in vehicles for automatic braking without the involvement of the driver. AEB system helps in avoiding collisions with other vehicles or pedestrians. Passenger Vehicles (PV) are projected to lead the market of autonomous emergency braking (AEB) system by vehicle type, in terms of value. Higher safety concerns among passenger car users and larger volume of passenger vehicles versus commercial vehicles have
Global Autonomous Emergency Braking (AEB) System Market 2018 - Robert Bosch GmbH …
The global “ Autonomous Emergency Braking (AEB) System” research report enlists and explains all the minute details about the Autonomous Emergency Braking (AEB) System. It also sheds light on the significant features and aspects of the market and explains it with appropriate statistics.In addition, it also highlights the dominating players in the market joined with their market share. The well-established players in the market are Robert Bosch GmbH, Continental AG,
Global AEB System Market 2017-2022 Shares and Growth Report
September Offer – Flat 20% discount on purchase of this report from 15th to 30th September @ https://www.researchtrades.com/discount/1223416 For more offers post 30th September, kindly contact us. Contact No. : +16269994607 (US)/ +91 7507349866 (IND) Email: email@example.com AEB System Market segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of AEB System in these regions, from 2012 to 2022 (forecast), covering United States EU China Japan South Korea India Global AEB System market competition
Discover: AEB System Market Report 2017-2022
The EMEA AEB System market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Browse Full Report: https://www.reportsandmarkets.com/reports/emea-europe-middle-east-and-africa-aeb-system-market-report-2017-1626880 Geographically, this report split EMEA into Europe, the Middle East and Africa, With sales (K Units), revenue (Million USD), market share and growth rate of AEB System for these regions, from 2012
Global Autonomous Emergency Braking (AEB) Market Information and Industry Trends
ReportsMonitor.com has added Global Autonomous Emergency Braking (AEB) Market Professional Survey Report 2017 to its database of market research reports. This report studies Autonomous Emergency Braking (AEB) in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. Get a Free Sample Report @ https://www.reportsmonitor.com/request-sample/?post=238122 This report focuses on top manufacturers in
Automatic Emergency Braking (AEB) Market 2017- Bosch, Continental, Denso
Marketreports.biz, recently published a detailed market research study focused on the "Automatic Emergency Braking (AEB) Market" across the global, regional and country level. The report provides 360° analysis of "Automatic Emergency Braking (AEB) Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Automatic Emergency Braking (AEB) industry, and estimates the future