The analysts forecast global automotive autonomous emergency braking system (AEBS) market to grow at a CAGR of 11.11 % during the period 2018-2022. The latest trend gaining momentum in the market is Development of RCTAB to reduce rear impacts.
The automotive safety system market is highly competitive wherein the value chain has become more complex than ever.
The emergence of autonomous safety systems has raised the safety level of the vehicle significantly. Continuous developments in the field of the automotive safety system are resulting in strategic partnerships, joint ventures, mergers, and acquisitions for the development of next generation systems.”
Major key players in the global automotive autonomous emergency braking system (AEBS) market: Continental, Robert Bosch, ZF Friedrichshafen, Delphi*, Mobileye, and Autoliv
According to the automotive autonomous emergency braking system (AEBS) market report, one of the major drivers for this market is AEBS reduces the probability of rear-end collisions. The global automotive braking system market is revolutionizing the concept of safety in the automotive industry.
The development of modern ADAS, which includes active safety systems, is playing a crucial role in making vehicles and roads safe for both vehicle occupants and pedestrians. In addition, the intensifying competition in the automotive market, especially in terms of product offering, is only furthering developments in the field of active safety.
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Further, the automotive autonomous emergency braking system (AEBS) market report states that one of the major factors hindering the growth of this market is High cost of development and ownership. AEBS involves numerous electromechanical components and sub-systems.
However, increased use of electronic content directly implies high development and production costs. This acts as major challenge at present, if not future, for both automakers and the end-consumers.
Key questions answered in this report:
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?