Automatic Emergency
Braking (AEB) System Market Size, Market Share, Application Analysis, Regional
Outlook, Growth Trends, Key Players, Competitive Strategies And Forecasts, 2017
To 2025
Automatic Emergency
Braking (AEB) System Market (By Type (Slow Speed AEB Systems, High Speed AEB
Systems, and Pedestrians AEB Systems), By Technology (Dynamic Brake Support
(DBS) and Crash Imminent Braking (CIB)), By End-use Application (Passenger Cars
and Commercial Vehicles)) - Growth, Share, Opportunities, Competitive Analysis,
and Forecast 2017 - 2025, the global automatic emergency braking system market
is expected to witness a growth of 8.5% during the forecast period 2017 - 2025.
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Market Insights
Automatic emergency
braking (AEB) systems incorporated in vehicles sense a looming forward crash
with another car in time to evade or mitigate the crash. The automatic
emergency braking systems alert the driver to take remedial action in order to
avoid the crash. In case the driver’s response is not quick or sufficient to avert
the crash, the automatic emergency braking system automatically apply the
brakes to aid in avoiding or limiting the severity of a crash. According to the
National Highway Traffic Safety Administration, Dynamic Brake Support (DBS) and
Crash Imminent Braking (CIB) technologies represent next wave of significant
advances in vehicle safety. The aforementioned technologies are capable of not
only saving lives, but also significantly reduce medium to less severe rear end
crashes that have become general on our roadways.
The introduction of
electronics into automatic braking system has made the conventional braking
systems safer, stable, and cost effective over a long term. Features such as
dynamic brake support and crash imminent braking are incorporated in automotive
braking system, making them more reliable and safer. Thus, the advancements in
technologies have significantly reduced the risk of severe accidents by
offering benefits in terms of better traction control and grip on application
of brakes, thereby improving their adoption and benefiting the overall
automotive industry.
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However, the
adoption of automatic emergency braking system technology in automotives faces
several challenges. High upfront cost of safety technology packages has
somewhat inhibited widespread adoption of advanced automotive braking systems.
The higher cost of the state-of-the-art braking technologies as compared to
conventional braking systems is observed as one of the challenges to the market
growth. High cost involved makes it difficult for small-scale automotive
manufacturers to invest in these systems and gain reasonable profits. The
inclusion of this safety technology also augments the price of vehicle.
However, the government regulations and safety directives promoting vehicle safety
are ultimately expected to mandate all automotive manufacturers to integrate
automatic automotive braking systems in their vehicles, thereby subduing the
impact of this challenge.
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Key Trends & Future Outlook
• Strong automobile
production post economic recession
• Availability of private financing and consequent rise in the car-ownership, especially in emerging economies is supporting demand for automatic emergency braking systems
• Government vehicle safety mandates to tighten during the forecast period
• Technological advancements making way for efficient, quick, and reliable braking systems suitable to be used even in hostile environmental conditions
• Rising average vehicle life to trigger replacement demand
• Availability of private financing and consequent rise in the car-ownership, especially in emerging economies is supporting demand for automatic emergency braking systems
• Government vehicle safety mandates to tighten during the forecast period
• Technological advancements making way for efficient, quick, and reliable braking systems suitable to be used even in hostile environmental conditions
• Rising average vehicle life to trigger replacement demand
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