Automatic or Autonomous Emergency Braking (AEB) Market: Snapshot
Automatic or autonomous emergency braking technology is a special type of braking technology used currently in automobiles. Braking system in an automobile helps to brake the vehicle to prevent collision. Automatic or autonomous emergency braking as the name implies helps to brake the vehicle by increasing the braking force or automatically brakes to prevent a rear-end and other collision.
Rising demand for passenger vehicles and luxury vehicles across the globe and the rising adoption of advanced driver assisted systems are anticipated to increase the demand for automatic or autonomous emergency braking systems across the globe in the next few years.
Transparency Market Research estimates that the global automatic or autonomous emergency braking market, valued in terms of revenue at US$10,510.0 mn in 2016, will reach US$16,730.0 mn by 2025, at a CAGR of 5.3% from 2017 to 2025.
Some of the leading players operating in the global automatic or autonomous emergency braking market are Volvo Car Corporation (Sweden), Tesla Inc. (the U.S), Ford Motor Company (The U.S), Daimler AG (Germany), Audi AG (Germany), BMW Group (Germany), Volkswagen Group (Germany), Toyota Motor Corporation (Japan), Honda Motor Company Ltd (Japan), and Jaguar Land Rover Automotive Plc. (the U.K).
Europe Accounts for Massive Chunk in Global Revenue
In terms of market attractiveness, the technology segment of dynamic brake support is presently the most attractive segment followed by the crash imminent braking technology. Although the market size of these automatic or autonomous technologies is small, they are growing at a healthy rate and are expected to acquire a larger share in the global market in the next few years.
Geographically, the market is dominated by Europe owing to the well-established automotive industry and the high rate of adoption of automatic or autonomous emergency braking technology in most vehicles.
Mounting Rise in Passenger Vehicle Sales Boosts Demand
The rising global demand for high-end passenger vehicles is anticipated to remain the key driver of the global market for automatic emergency braking systems in the next few years. China is the world’s largest automobile market and sales of passenger vehicles are rising due to tax rebates on small-engine vehicles since October 2015. China plans to extend the tax benefit throughout 2017, which is anticipated to increase the demand for automatic emergency braking technology in the near future.
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For the study, the market has been segmented as follows:
Global Automatic or Autonomous Emergency Braking System Market by Technology
- Forward Collision Warning
- Dynamic Brake Support
- Crash Imminent Braking
Global Automatic or Autonomous Emergency Braking System Market by Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
Global Automatic or Autonomous Emergency Braking System Market by Region
- North America
- The U.S.
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- South Africa
- Rest of MEA
- Latin America
- Rest of Latin America