NEW YORK, Feb. 22, 2021 /PRNewswire/ -- Technavio announces the release of its latest report on the commercial vehicle advanced emergency braking system (AEBS) market. The market is segmented by application (LCV and HCV) and geography (North America, APAC, Europe, South America, and MEA). Get a Free Sample Report Delivered Instantly.
The report offers an in-depth analysis of recent developments, changes in market regulations, product approvals, product launches, and the market behavior across various segments.
Commercial Vehicle Advanced Emergency Braking System (AEBS) Market: Key Findings
- Commercial vehicle advanced emergency braking system (AEBS) market value to grow by 2.8 million units at about 8% CAGR during 2021-2025
- 45% of market growth to originate from North America during the forecast period
- Based on the application, the LCV segment will offer maximum opportunities for vendors during the forecast period
- Commercial vehicle advanced emergency braking system (AEBS) market is expected to have a negative impact due to the spread of COVID-19
Commercial Vehicle Advanced Emergency Braking System (AEBS) Market: Growth Drivers
Efforts toward cost reduction with the integration of advanced sensor technologies is one of the prime factors driving the growth of the market. Consumers in the market are now focusing more on safety features that maximize protection along with other infotainment features. Besides, the increasing stringency of regulations worldwide is forcing automakers to incorporate advanced safety systems such as AEBS as a standard fitment in their vehicles. The inclusion of AEBS increases additional costs to manufacturers initially. However, these costs are expected to reduce with the incorporation of sensor technologies, integration of sensors, and increased offerings in the market.
"Increasing number of accidents caused by commercial vehicles and electrification of vehicle components due to governmental regulations will further boost market growth during the forecast period", says a senior analyst at Technavio.
Develop Smart Strategies for Your Business: Get a Free Sample Report Now!
Commercial Vehicle Advanced Emergency Braking System (AEBS) Market: Major Vendors
Continental AG operates its business through segments such as Chassis and Safety, Interior components, Powertrain components, Tires, and ContiTech. The company manufactures commercial vehicle AEBS for various automotive and transportation industries.
DENSO Corp. operates its business through segments such as Thermal Systems, Powertrain Systems, Electrification Systems, Mobility Electronics, Sensors & Semiconductors, and Non-Automotive Businesses (Factory Automation and Agriculture). The company manufactures various commercial vehicle AEBS such as Break Fluid Pressure Sensor and Brake Booster Pressure Sensor.
General Motors Co.
General Motors Co. operates its business through segments such as GM North America (GMNA), GM International (GMI), Cruise, and GM Financial. The company offers automatic emergency braking systems to models such as Chevrolet, Buick, GMC, and Cadillac.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Related Reports on Consumer Discretionary Include:
Global Automotive High-performance Brake System Market – Global automotive high-performance brake system market is segmented by application (hatchbacks and sedans and SUVs and pickup trucks) and geography (Europe, North America, APAC, South America, and MEA). Get an Exclusive Free Sample Report
Global Automotive Brake Wear Sensors Market – Global automotive brake wear sensors market is segmented by application (passenger cars and commercial vehicles) and geography (APAC, Europe, MEA, North America, and South America). Get an Exclusive Free Sample Report
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.