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. Get a Free Sample Report Delivered Instantly
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.
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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.
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