Autonomous Emergency Braking System Market Global Analysis 2018 Research Report
Market Research Future published a Cooked research report on “Global Autonomous Emergency Braking System Market Research Report - Forecast to 2023”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Continental AG (Germany), Denso Corporation (Japan), Robert Bosch (Germany), Valeo (France), Hyundai Mobis (South Korea), Autoliv Inc (Sweden), ZF Friedrichshafen (German), Hitachi Automotive Systems (Japan), Mando Corporation (South Korea), Aisin Seiki Co (Japan) and others and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Autonomous Emergency Braking System Market.
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Autonomous Emergency Braking System Global Market Highlights:
Over the last couple of years, the automotive industry has undergone various technological advancements in passenger and commercial vehicles, and the global market has acknowledged these advancements while adopting these vehicles. Autonomous emergency braking system is one of the recent technologies developed by the automotive companies and has gained much attention. The technology involved in autonomous emergency braking system is an active safety system, particularly designed to avoid vehicle crash and collision. It is a feature that alerts the driver to a sudden crash and helps them use the maximum braking capacity of the vehicle. Considering vehicle safety, several manufacturers have implemented this technology to avoid such circumstances.
Owing to this technology, there has been a rise in the adoption of autonomous emergency braking system embedded vehicles, among a larger population. Additionally, the rising safety concerns, government initiatives, and the rising number of accidents, have augmented the market for autonomous emergency braking system. On the other hand, the higher cost of autonomous emergency braking system technology, and low spending capacity in underdeveloped economies, are considered to be the restraining factors. A recent trend in this market is the rise in sales of luxury vehicles. The global autonomous emergency braking system market is expected to grow at a CAGR of ~13.55% during forecast period.
The automotive industry requires significant initial investment, in general. Such high technological and capital requirements create certain barriers for the smaller players in the market to even exist. Availability of sophisticated technologies in regions such as North America and Europe has propelled the demand of the Autonomous Emergency Braking System, across their countries and territories. Existence of major manufacturers in these regions along with their partnerships with the small local players, over the years, has deepened the scope of the market in these regions. Although, of late, there has been a significant influx of technology in the Asia-Pacific region, the lack of major market players and underdeveloped automotive infrastructure has resulted in alienating certain geographies, particularly the African and Middle East region.
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