DUBLIN, April 4, 2016 /PRNewswire/ --
Although the U.S. automotive industry is committed to fitting most light vehicles with lifesaving automatic braking systems by 2022, it will be a number of years before commercial vehicles and large trucks receive the same technology. Automatic emergency braking (AEB) could decrease truck fatalities by between 44-47%, research from the University of Michigan Transportation Research Institute has found, leading four key groups within the trucking industry to call for industry-wide AEB implementation. The global collision avoidance system market is expected to reach a value of USD 50.38 billion by 2020 , according to a report available from Research and Markets, but this forecast could be higher if AEB becomes a trucking industry standard.
The Truck Safety Coalition, Center for Auto Safety, Advocates for Highway and Auto Safety, and Road Safe America filed a petition last month requesting that the National Highway Traffic Safety Administration make AEB mandatory for all new trucks. Developing reliable automated safety systems for commercial vehicles and trucks is a greater challenge due to the vehicles larger size and heavier weight. It's necessary to ensure that an AEB system would not cause the vehicle to flip or lose control in the event of rapid braking. The NHTSA is expecting it will take some time to develop the required technology, and while they have granted the aforementioned petition, no defined timeline has been set in place for when the change will be implemented.
The global heavy trucks on-board diagnostics system market is set to grow at a CAGR of 3.27% by 2019, as forecast in a recent report. However, this growth could be higher than predicted if automakers are able to quickly develop AEB technology for trucks, as such technology will require on-board diagnostics.
The global automotive sensors market is expected to grow at a CAGR of 7.72% by 2020, as predicted in a recent report, but this growth will likely be far greater if the NHTSA incentivizes the development of automotive sensors technology for AEB systems in the U.S. truck industry.
About Research and Markets
Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: +1-646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets