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Autonomous Emergency Braking System Market Growth Factor, Prosp

  • Autonomous Emergency Braking System Market Outlook:

    According to Market Research Future (MRFR), the global autonomous emergency braking system market is projected to rise at a CAGR of 13.55% from 2017 to 2023 (forecast period). The research report offers a summary of the effect of COVID-19 on current/future market conditions. The report outlines some of the key market factors that will affect the growth of the industry, such as market share, critical regions, and key players.

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    Over recent years, the automotive sector has experienced a range of technological advancements in both passenger and commercial vehicles, and the worldwide market has supported these advancements while adopting these vehicles. The Autonomous Emergency Braking System is one of the latest technologies developed by automotive companies and has received a ton of attention. The technology involved in the autonomous emergency braking system is an active safety system, especially designed to avoid vehicle crashes and collisions. It is a feature that alerts the driver to a sudden crash and allows them to use the maximum braking capacity of the vehicle. Acknowledging vehicle safety, numerous manufacturers have implemented this technology in order to avoid such circumstances.

    Market Dynamics

    As a result of this technology, the adoption of an autonomous emergency braking system embedded vehicles has increased among the broader population. In addition, growing safety issues, government initiatives, and an increasing number of accidents have expanded the market for an autonomous emergency braking system. On the other side, higher costs of autonomous emergency braking system technology and low spending capacity in underdeveloped economies are considered to be constraining factors. The recent trend in this market is the increase in the sales of luxury vehicles. 

    Market Segmentation

    The global market for autonomous emergency braking system has been segmented on the basis of technology, system, and vehicle type. 

    Based on technology, the global autonomous emergency braking system market has been segmented into dynamic brake support, forward collision warning, and crash imminent braking. Forward collision warning accounted for the highest Autonomous Emergency Braking System Market share in 2016, followed by dynamic brake support. 

    Based on the system, the global autonomous emergency braking system market has been segmented into low-speed systems, higher-speed systems, and pedestrian systems. 

    Based on vehicle types, the global autonomous emergency braking system market has been segmented into passenger vehicles and commercial vehicles. Passenger vehicles held the highest market share in 2016, trailed by commercial vehicles.

    Regional Analysis

    Region-wise, the global autonomous emergency braking system market has been segmented into four major regions: North America, Europe, Asia Pacific, and Rest of the World (RoW).

    Europe held the largest market share, trailed by North America and the Asia Pacific in 2016. There has been a spike in the sales of luxury vehicles in Europe, which has raised the demand for an autonomous emergency braking system. Germany, the United Kingdom, and France are the leading countries in Europe that have fueled the market growth. North America and the Asia Pacific are the second and third leading regions in terms of revenue.

    Key Players

    Notable players in the global autonomous emergency braking system market include Valeo (France), Continental AG (Germany), Denso Corporation (Japan), Robert Bosch (Germany), Hyundai Mobis (South Korea), Autoliv Inc (Sweden), Mando Corporation (South Korea), ZF Friedrichshafen (German), Hitachi Automotive Systems (Japan), Aisin Seiki Co (Japan) and others.

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    About Market Research Future:

    Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

    Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.

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