Rising Awareness Towards Safety Concerns To Boost The Autonomous Emergency Braking System (AEBS) Market

Autonomous Emergency Braking System (AEBS) Market: Key Highlights

• According to the new market research report “Autonomous Emergency Braking System (AEBS) Market by Components (Sensors, Actuators, Buzzers, Visual Indicators, and Controllers), by Technology (Radar, Camera, LiDAR, and Fusion), by Operating Speed (Passenger Cars, Light-Duty Vehicle, and Heavy-Duty Vehicle), by Application (Passenger Cars, Light-Duty Vehicle, and Heavy-Duty Vehicle ), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) – Global Forecast (2019 to 2027)”, the autonomous emergency braking system (AEBS) market is estimated to reach around USD 78.1 Billion by 2027 at a CAGR of around 21.1% during the review period
• Rising awareness towards safety concerns is a key factor to drive the demand for the autonomous emergency braking system (AEBS) market
• However, the high cost of an autonomous emergency braking system (AEBS) remain a major restraining factor for the market growth

Autonomous Emergency Braking System (AEBS) Market: Key Market Dynamics

• The advantages of the autonomous emergency braking system (AEBS) are increasing its adoption rate over the globe as it's connected with adaptive cruise control which is an added advantage for motorway driving and even better in peak hour traffic
• Any safety failures may result in severe injury or loss of life. Rising vehicle accidents worldwide is driving the demand for the automotive emergency braking system
• The growing adoption of semi-autonomous vehicles is anticipated to boost the autonomous emergency braking system (AEBS) market in the future
• Calibrating the vehicle detection software to avoid collisions is likely to act as a challenge for market growth

Autonomous Emergency Braking System (AEBS) Market: Regional Overview

• Asia-Pacific

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.

• Europe

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

• Continental AG:

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:

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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