Automatic Emergency Braking Market Share 2021 In-Depth Analysis of Industry Growth Trends & Forecast up to 2024
Automatic Emergency Braking Market is set to exceed USD 20 billion by 2024. Rising significance of both the occupant and the non-occupant safety will fuel automatic emergency braking industry share over the forecast timeframe. Common incidences of distracted driving due to mobile phone usage, unsafe road infrastructure and over speeding have contributed significantly towards road accidents.
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Several countries have been taking initiatives to raise more awareness about safety against car crashes. Institute of Road Traffic Education introduced ‘Stop the Crash’ campaign in 2018 in order to depict the advantages of advanced vehicle systems like autonomous emergency braking and electronic stability control, rendering a positive impact on AEB development.
The DBS technology actively improves braking capacity mainly when a driver fails to put adequate force on the brake pedal. By electronically monitoring the driver’s brake applying speed and pressure, the system recognizes an emergency braking scenario and takes adequate measures. The increasing adoption of these systems in the event of a possible collision will augment the automatic emergency braking market proliferation over the years ahead. Furthermore, the reduced effect on brakes pads and tires owing to uniform brake application will also accelerate the industry expansion.
Rising commercial car sales will significantly contribute to the industry expansion as well. Nowadays automakers are mainly focusing on vehicle safety by equipping crash avoidance technology in numerous vehicles. Even electric & hybrid car makers including EV major Tesla are offering crash avoidance technology as a standardized feature in their vehicles. Indeed, automatic emergency braking market size from electric & hybrid vehicles is slated to grow at a CAGR of 20% by 2024.
The rising number of road accidents mainly in developed countries with fast highway lanes is a major factor that will boost the product’s adoption. According to the U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA), in 2017, around 37,133 people lost their lives in a motor vehicle collision. This can significantly be reduced by using AEB equipped vehicles.
Europe automatic emergency braking market is anticipated to account around 50% of the share by 2024, particularly on account of the presence of prominent industry contenders such as Volkswagen, BMW, and Mercedes Benz in the region. Notable for manufacturing innovative AEB solutions, these companies have a pivotal role to play in the proliferation of the Europe automatic emergency braking industry.
Countries like Canada, Germany and the U.S. are steadily adopting initiatives that propagate low carbon emissions to adhere to several of the international treaties which primarily includes the Paris Summit. AEB market size from electric & hybrid vehicles segment is expected to record more than 20% of CAGR due to the increasing issues with greenhouse gas emissions and vehicle pollution.
Using advanced radar and camera sensors, AEB systems effectively detect an object in the front of the vehicle. The system alerts drivers and automatically applies brakes in case of impending collisions. Driven by a stringent regulatory landscape that mandates the installation of safety systems in vehicles.
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Some Point from Table of Contents:
Chapter 5 Automatic Emergency Braking Market, By Vehicle
5.1 Global automatic emergency braking market share by vehicle, 2017 & 2024
5.2 ICE
5.2.1 Market estimates and forecast, 2013 – 2024, (Thousand Units) (USD Million)
5.2.2 Market estimates and forecast, by region, 2013 – 2024, (Thousand Units) (USD Million)
5.2.3 Passenger cars
5.2.3.1 Market estimates and forecast, 2013 – 2024, (Thousand Units) (USD Million)
5.2.3.2 Market estimates and forecast, by region, 2013 – 2024, (Thousand Units) (USD Million)
5.2.4 LCV
5.2.4.1 Market estimates and forecast, 2013 – 2024, (Thousand Units) (USD Million)
5.2.4.2 Market estimates and forecast, by region, 2013 – 2024, (Thousand Units) (USD Million)
5.2.5 HCV
5.2.5.1 Market estimates and forecast, 2013 – 2024, (Thousand Units) (USD Million)
5.2.5.2 Market estimates and forecast, by region, 2013 – 2024, (Thousand Units) (USD Million)
5.3 Electric & hybrid vehicle
5.3.1 Market estimates and forecast, 2013 – 2024, (Thousand Units) (USD Million)
5.3.2 Market estimates and forecast, by region, 2013 – 2024, (Thousand Units) (USD Million)
Chapter 6 Automatic Emergency Braking Market, By Technology
6.1 Global automatic emergency braking market share by technology, 2017 & 2024
6.2 Crash imminent braking
6.2.1 Market estimates and forecast, 2013 – 2024, (USD Million)
6.2.2 Market estimates and forecast, by region, 2013 – 2024, (USD Million)
6.3 Dynamic brake support
6.3.1 Market estimates and forecast, 2013 – 2024, (USD Million)
6.3.2 Market estimates and forecast, by region, 2013 – 2024, (USD Million)
6.4 Forward collision warning
6.4.1 Market estimates and forecast, 2013 – 2024, (USD Million)
6.4.2 Market estimates and forecast, by region, 2013 – 2024, (USD Million)
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