The global automatic emergency braking (AEB) system market is still in the introductory stage of development and its application is majorly in passenger cars, especially premium luxury cars, and to an extent in mid-segment cars. Increased discretionary income and the availability of private financing schemes has had positive impact on sale of high-end passenger cars, which, coupled with government mandates promoting vehicle safety is supporting demand for automatic emergency braking systems. On the other hand, LCVs and HCVs are also expected to witness strong growth during the forecast period. A notable increase in demand for luxury coach buses from private players coupled with increased industrial logistics bodes well for rise in commercial vehicle production, thereby supporting new installations.
The research study titled “Global Automatic Emergency Braking System Market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025” offers strategic insights into the global automatic emergency braking systems industry along with the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of market segments based on application, technology, product type and cross-sectional study across different geographies and sub-geographical regions. The study covers the comparative analysis of different segments for the years 2015 & 2025. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities. In addition, the report includes a section providing insights on the key trends followed in the market.
In order to help strategic decision makers, the report also includes competitive profiling of the leading automatic emergency braking systems manufacturers, their business strategy analysis, market positioning, and key developments. Some of the major players profiled in the report include Audi AG, Daimler AG (Mercedes-Benz), Volvo AB, Bayerische Motoren Werke AG (BMW), Honda Motor Co., Ltd., Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, Delphi Automotive PLC, Autoliv Inc., DENSO Corporation, Mobileye NV, Magna International Inc., and Tesla Motors, Inc. Apart from the company profiles, the report includes a section covering the competitive landscape wherein the market positioning of the companies has been discussed. The section also provides a view of key business strategies adopted by the leading market players.
Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the global automatic emergency braking system market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above mentioned factors.
In the base year 2016, the passenger vehicle segment dominated global automatic emergency braking system market. The segment accounted for over three-fourth of the global automatic emergency braking system market revenue in the same year. The trend shall prolong and the segment is presumed to retain its leading position throughout the forecast period 2017 -2025. The combination of factors including government mandates promoting vehicle safety, improving standard of living, and availability of private financing for vehicle ownership are collectively expected to propel high-end passenger vehicle demand, thereby driving new automatic emergency braking system installations during the forecast period 2017 - 2025. On the other hand, commercial vehicle segment is presumed to exhibit robust growth during the forecast period 2017 – 2025. The resurgence in the industrial sector and economic development has collectively led to increased trade activities between states, cities, and borders. This has put tremendous pressure on the transportation and logistics infrastructure. This has been instrumental in driving demand for a wide range of commercial vehicles used for transportation and logistics applications, supporting new installations in the commercial vehicle segment.
As of 2016, the global automatic emergency braking system market was collectively led by Europe and North America. These regions collectively accounted for around two-third of the global market revenue in the same year. Europe is house to large number of auto makers such as Audi, Volvo, Volkswagen, BMW, and Mercedes Benz for whom vehicle safety is of paramount importance. Consequently, these manufacturers have started incorporating these braking systems as a standard feature in their new models. As per a directive by United Nations Economic Commission for Europe (UNECE), automatic emergency braking systems have become mandatory for all new heavy vehicles since 2015 in Europe. Similarly, according to the National Highway Traffic Safety Administration (NHTSA) and the Insurance Institute for Highway Safety, around 99% of the U.S. automotive manufacturers have agreed to include automatic emergency braking systems as a standard feature for all new cars sold in the country by 2023.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Automatic Emergency Braking System market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
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Research Period | 2022-2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Year | 2022 |
Unit | USD Million |
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Key questions answered in this report