Commercial Vehicle AEBS Market to grow at a CAGR of 9.87% during 2017-2021: Bosch, Continental, ZF Friedrichshafen, WABCO and Delphi Automotive

MarketResearchNest.com adds “Global Commercial Vehicle AEBS Market 2017-2021” new report to its research database. The report spread across 74 pages with table and figures in it.

Research analysts forecast the global commercial vehicle aebs market to grow at a CAGR of 9.87% during the period 2017-2021.

About Commercial Vehicle AEBS
AEBS is an active safety system that is incorporated in vehicles for automatic braking without the involvement of the driver. AEBS helps in avoiding collisions with other vehicles or pedestrians. AEBS in commercial vehicles consists of cameras and radars that sense the upcoming obstacle and warns the driver. It also applies brakes automatically. AEBS is used in LCVs and HCVs.

Covered in this report
The report covers the present scenario and the growth prospects of the global commercial vehicle aebs market for 2017-2021. To calculate the market size, the report considers the new installations of commercial vehicle AEBS and excludes the aftermarket commercial vehicle AEBS.

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The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio's report, Global Commercial Vehicle AEBS Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Technavio recognizes the following companies as the key players in the global commercial vehicle aebs market: Bosch, Continental, ZF Friedrichshafen, WABCO and Delphi Automotive.

Other Prominent Vendors in the market are: Autoliv, DAF, DENSO, and Mobileye.

Commenting on the report, an analyst from Research team said: “The latest trend gaining momentum in the market is AEBS with active steering control in commercial vehicles. Advanced braking technologies witness continual development in terms of system architecture and functionality. Rapid development in braking technology is taking place in the passenger car market and the commercial vehicle market. The American auto component makers ‘WABCO’ and ‘ZF Friedrichshafen' have developed a technology known as ‘Evasive Maneuver Assist’ (EMA), which combines WABCO’s technology with ZF’s active steering system. The system works on the principle of WABCO’s technology of OnGuardActive, which is a radar-based collision avoidance technology. EMA comprises a radar-based sensor that identifies the obstacle in front of a vehicle.”

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According to the report, one of the major drivers for this market is Efforts toward cost reduction with the integration of advanced sensor technologies. In the commercial vehicle market, customers focus more on safety features that maximize protection as compared to other infotainment features. Customers specifically opt for advanced braking-related safety technologies that aid in preventing collisions. Automakers are incorporating collision avoidance systems in a number of offerings owing to increased customer demand and safety norms. AEBS is considered a standard fitment in the higher-end segment. Governmental regulations mandating the implementation of AEBS in commercial vehicles are forcing OEMs to incorporate such systems into their offerings. Though this implies added cost to manufacturers at the initial stages (which could impact their profitability as the cost cannot be transferred to customers), the AEBS inclusion cost is expected to reduce with increased offerings in the market.

Further, the report states that one of the major factors hindering the growth of this market is Reluctance to accept safety technologies. Traffic fatalities could be reduced by the inclusion of advanced safety assistance systems like forward collision warning, lane departure warning, and AEBS, among others. Though such safety systems help in preventing accidents, consumers are reluctant to invest in the aforementioned safety technologies. The inclusion of forward collision warning, adaptive cruise control, and AEBS would cost around $1,500. Many governments are yet to legalize the incorporation of safety systems like AEBS in vehicles. In developing countries like China and India, the inclusion of these safety technologies is not mandatory. For instance, the usage of radar frequencies such as 24GHz, 76GHz, 77GHz, 79GHz is not de-licensed in India. This restricts the incorporation of advanced safety technologies like AEBS. Thus, the acceptance and penetration of AEBS is expected to be gradual during the forecast period owing to reluctance from the consumers and various governments.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;

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