Autonomous Emergency Braking System (AEBS) Market: Key Highlights
Autonomous Emergency Braking System (AEBS) Market: Key Market Dynamics
Autonomous Emergency Braking System (AEBS) Market: Regional Overview
The growth in the Asia-Pacific region is attributed to the consumers’ preference for advanced safety systems. This region has witnessed high penetration of AEB systems due to the adoption of premium and smart vehicles, owing to the rising per capita income in countries such as Japan, South Korea, and China which are expected to boost the growth for the autonomous emergency braking system (AEBS) market.
In Europe, the increasing vehicle production and customers’ preference towards high-end vehicles using advanced safety systems have boosted autonomous emergency braking system (AEBS) market growth. Moreover, rising sales of premium and luxury cars are expected to propel the demand for autonomous emergency braking system (AEBS) market. In Feb 2019, according to the United Nations, Economic Commission for Europe (UNECE) has imposed strict regulations for AEBS for cars which will boost the market growth.
Autonomous Emergency Braking System (AEBS) Market: Key Players Overview
Automotive manufacturing company Continental AG operates globally and is engaged in developing brake system, interior electronics, safety solutions, and automotive components. In February 2018, Continental AG partnered with NVIDIA Corporation for combining their talents on new autonomous vehicle technology. The companies said the system will be used for driver-assist safety features up to cars with no steering wheel or pedals.
Denso Corporation is a Japan-based company that manufactures electronic components for the automotive sector. The company's products include automobile air conditioners, airbags, generators, ignition systems, power steering systems, and spark plugs with an iridium electrode. In January 2018, the company developed a new vision sensor for improved night driving safety. The new vision sensor allows automobiles to automatically activate emergency braking when obstacles are identified and help in reducing accidents and improving overall vehicle safety.
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