Automatic Emergency Braking Market to showcase a significant growth rate of around 17% via ICE Vehicle, owing to multiple benefits offered by this system including superior stability and drivability. The engines offer high power to weight ratio and thermal efficiency. Vast expansion of fuel retail infrastructure is influencing conventional automobiles demand.
Asia Pacific automatic emergency braking market is expected to observe a considerable growth rate over the projected timeframe. This growth is attributed to the increasing passenger vehicle sales across the region. Automobile manufacturers are increasing production significantly to meet the consumer demand. Asian countries are supporting the fitment of AEB in vehicles by providing logistical, financial and operational support for testing of automated vehicles.
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Enumerating how the expansion of the automotive sector has a role to play in AEB market growth:
The expanding automotive industry will also add a noticeable stimulus to the automatic emergency braking market. According to reliable statistics, the automotive industry was estimated to sell nearly 78.6 million passenger vehicles in 2017. In terms of production and sales, China and the United States are among the leading countries in the automotive industry with 6.9 million passenger cars having been sold in the U.S. alone in 2016.
While the automotive industry is led by such giants as Volkswagen, Daimler and Toyota, the automotive supplier industry, which also plays a major role in the automatic emergency braking market, is led by Bosch, Continental, Denso, Magna etc. Aided by initiatives like the Paris Agreement, electric and hybrid vehicles are expected to register 20% CAGR over 2018-2024, adding greater growth impetus to the overall market. As passenger vehicles witness explosive demand in the emerging economies, it is predictable that the automatic emergency braking industry will also register a massive growth rate as traffic safety concerns will be rising with the increasing use of vehicles.
Industry participants are involved in maximizing system performance output by increasing the overall production and manufacturing efficiency. Introduction of advanced manufacturing techniques including lean manufacturing and rapid prototyping are positively influencing the automatic emergency braking market growth. The incorporation of AEB systems in vehicles require appropriate optimization of hardware and software. Mass production of these components is expected to lower the system price significantly.
Major players in the automatic emergency braking market include Magna International Inc., Autoliv Inc., Bosch Group, Continental AG, Delphi Technologies, Mobileye, and ZF TRW Automotive Inc.
Browse key industry insights spread across 265 pages with 387 market data tables & 15 figures & charts from the report, “Automatic Emergency Braking Market” in detail along with the table of contents: https://www.gminsights.com/industry-analysis/automatic-emergency-braking-AEB-Market
Chapter 3 Automatic Emergency Braking Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 – 2024
3.3 Industry ecosystem analysis
3.3.1 Technology suppliers
3.3.3 Profit margin analysis
3.3.4 Distribution channel analysis
3.3.5 Vendor matrix
3.4 Pricing trends by region
3.4.1 North America
3.4.3 Asia Pacific
3.4.4 Latin America
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