The global automotive advanced emergency braking (AEB) system market to grow at a CAGR of 10.68% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global automotive advanced emergency braking (AEB) system market for 2016-2020. To calculate the market size, the report considers a top-down approach is used, where the market is derived from the overall AEB system application volume.
The braking system forms a fundamental part of the vehicle along with the engine, powertrain, and vehicle body. Started as a mechanical device in the vehicle, the system aids in slowing or stopping the vehicle by means of friction. Since the invention of commercially viable automobiles in the late 1920s, technological advances have evolved the vehicle into a much safer, comfortable, and eco-friendly experience.
Vehicles have now become more than just a means of transportation. Innovations and developments have made vehicles more powerful and intelligent with the rapid adoption of electronics that can self-learn to adapt with real-time driving situations. Automobiles of toady boast of more electronics than mechanical parts and components with an average hatchback consisting of over 35%-40% electronic components in 2015 and we expect this to rise to over 60% by 2020.
With rapid acceleration in technological development, the automotive braking industry is experiencing a gradual shift from mechanical to hydraulic braking, which is now rapidly shifting to electronically-controlled braking systems.
- Continental AG
Other prominent vendors
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by vehicle type
Part 07: Market segmentation by geography
Part 08: Market drivers
Part 09: Market challenges
Part 10: Market trends
Part 11: Vendor landscape
Part 12: Key vendor analysis
Part 13: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/xc47x2/global_automotive
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SOURCE Research and Markets