Autonomous Emergency Braking (AEB) System Market Worth 55.31 Billion USD by 2025
PUNE, India, September 20, 2017 /PRNewswire/ --
The report "Autonomous Emergency Braking (AEB) System Market by Key Technology (Camera, Fusion, LiDAR and Radar), Vehicle Type, Operating Speed, Application, Level of Automation Driving, Component (Actuators, Audible Buzzers) and Region - Global Forecast to 2025", published by MarketsandMarkets™, the market is projected to grow and reach USD 55.31 Billion by 2025, growing at a CAGR of 22.23% from 2020 to 2025. Government mandates in European countries and the US and rising safety concerns shall be the major drivers for the growth of this market.
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Browse 85 Market Data Tables and 55 Figures spread through 174 Pages and in-depth TOC on "Autonomous Emergency Braking (AEB) System Market - Global Forecast to 2025"
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The Passenger Vehicle (PV) segment is projected to hold the largest share in terms of value for Autonomous Emergency Braking System Market by vehicle type
For Autonomous Emergency Braking (AEB) System by vehicle type, Passenger Vehicles (PV) segment is projected to lead the market in terms of value. The primary reason being more concern related to safety among passenger vehicle users compared with commercial vehicle users. Higher volume of passenger vehicles compared with commercial vehicles also acts as a factor to increase the share of autonomous emergency braking (AEB) systems in passenger vehicles segment.
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High Speed-Inter Urban AEB systems are projected to be the fastest growing segment of autonomous emergency braking (AEB) system market, by operating speed
High Speed-Inter Urban AEB systems are those systems that generally operate at higher speeds and across Inter-Urban road conditions. In coming years, it is projected that the off-roading activities per consumer and number of sports-utility vehicles (SUV) shall rise across the globe. It is also being predicted that the overall number of vehicles operating in Inter-Urban road conditions shall grow. These factors positively impact the growth of High Speed-Inter Urban AEB systems.
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Asian region is projected to hold the largest share in Autonomous Emergency Braking (AEB) System Market
Asian region comprises countries such as China, India, South Korea, Japan, and others. This region is diverse and comprises a combination of both developed economies such as South Korea and Japan and developing economies like India and China. China is the manufacturing hub of automobiles across the globe due to its cheap labor costs and availability of skilled labor. This region is expected to hold around 50% of passenger vehicle production across the globe. Thus, tremendous production volume and higher penetration of AEB systems in countries such as Japan and South Korea are expected to contribute towards growth of Autonomous Emergency Braking (AEB) System Market in Asia.
This report covers some of the leading players in Autonomous Emergency Braking (AEB) System Market such as Continental AG (Germany), Denso Corporation (Japan), Valeo S.A. (France), Knorr-Bremse (Germany), Analog Devices (US) and others.
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