Autonomous emergency braking system market was valued at $43.7 billion in 2016, and is projected to reach at $67.67 billion by 2023, growing at a CAGR of 6.7% from 2017 to 2023. Europe dominates this market presently, followed by North America. In 2016, Japan dominated the market in Asia-Pacific; similarly, Germany led the overall market in the European region. At present, the U.S. is dominating the market in North America.
Access Full Summary at : www.alliedmarketresearch.com/auton…ng-systems-market
High adoption rate of advanced braking system and rise in number of road accidents drive the global autonomous emergency braking system market. However, high cost of AEBS technology restricts autonomous emergency braking system market growth.
Furthermore, increased passenger vehicle registrations and increased demand for luxury vehicles presents a lucrative opportunity for the market.
Category: Market Research Publishers and RetailersCompany about: Allied Market Research is a global market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market dom ...