Global Automotive Autonomous Emergency Braking System (AEBS) Market 2018-2022
About Automotive Autonomous Emergency Braking System
The autonomous emergency braking system is a system which automatically applies brakes on detecting an obstacle or probable collision/accident in order to prevent the crash from occurring. The system plays an important role in situations when the driver is not able to apply the brake at the right moment or if the braking force is insufficient to stop the vehicle. The system forms an integral part of future of autonomous vehicles or driverless cars.
Technavio’s analysts forecast the global automotive autonomous emergency braking system (AEBS) market to grow at a CAGR of 11.11 % during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive autonomous emergency braking system (AEBS) market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of automotive autonomous emergency braking system.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Autonomous Emergency Braking System (AEBS) Market 2018-2022
Technavio recognizes the following companies as the key players in the global automotive autonomous emergency braking system (AEBS) market: Continental, Robert Bosch, ZF Friedrichshafen, Delphi*, Mobileye, and Autoliv
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Development of RCTAB to reduce rear impacts. The automotive safety system market is highly competitive wherein the value chain has become more complex than ever. The emergence of autonomous safety systems has raised the safety level of the vehicle significantly. Continuous developments in the field of the automotive safety system are resulting in strategic partnerships, joint ventures, mergers, and acquisitions for the development of next generation systems.”
According to the report, one of the major drivers for this market is AEBS reduces the probability of rear-end collisions. The global automotive braking system market is revolutionizing the concept of safety in the automotive industry. The development of modern ADAS, which includes active safety systems, is playing a crucial role in making vehicles and roads safe for both vehicle occupants and pedestrians. In addition, the intensifying competition in the automotive market, especially in terms of product offering, is only furthering developments in the field of active safety.
Further, the report states that one of the major factors hindering the growth of this market is High cost of development and ownership. AEBS involves numerous electromechanical components and sub-systems. However, increased use of electronic content directly implies high development and production costs. This acts as major challenge at present, if not future, for both automakers and the end-consumers.
Continental, Robert Bosch, ZF Friedrichshafen, Delphi*, Mobileye, and Autoliv