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Autonomous Emergency Braking System Market Research Report – Segmented By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.
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Published date -30th Jan 2024
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Formats -PDF, CSV
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Region -Global
What is the Market Size & CAGR of Autonomous Emergency Braking System market in 2023?
The Autonomous Emergency Braking System market is projected to reach a market size of USD 10 billion by 2023, with a Compound Annual Growth Rate (CAGR) of 12% during the forecast period. The increasing focus on vehicle safety and regulations mandating the installation of autonomous emergency braking systems in vehicles are driving the growth of the market. The technological advancements in sensor technologies, artificial intelligence, and machine learning are also contributing to the market's expansion. The demand for autonomous emergency braking systems is rising due to their ability to prevent collisions and reduce the severity of accidents, thereby improving road safety worldwide.
COVID-19 Impact on the Autonomous Emergency Braking System Market
The COVID-19 pandemic had a mixed impact on the Autonomous Emergency Braking System market. While the initial lockdowns and disruptions in supply chains negatively affected the production and sales of vehicles equipped with autonomous emergency braking systems, the pandemic also highlighted the importance of road safety and vehicle technologies. As countries started focusing on building back better post-pandemic, there was an increased emphasis on improving road safety measures, which boosted the demand for autonomous emergency braking systems. The market witnessed a recovery in the latter part of 2020 and is expected to continue growing as countries prioritize safety measures to prevent road accidents.
Autonomous Emergency Braking System market Dynamics
Segments and Related Analysis of the Autonomous Emergency Braking System market
Autonomous Emergency Braking System market analysis report by Region
Asia Pacific Autonomous Emergency Braking System market report
South America Autonomous Emergency Braking System market report
North America Autonomous Emergency Braking System market report
Europe Autonomous Emergency Braking System market report
Middle East and Africa Autonomous Emergency Braking System market report
Autonomous Emergency Braking System market analysis report by Technology
Autonomous Emergency Braking System market analysis report by product
Key Growth Drivers and Key Market Players of Autonomous Emergency Braking System market and competitive landscape
- Bosch GmbH - Continental AG - ZF Friedrichshafen AG - Denso Corporation - Aptiv PLC - Hyundai Mobis Co., Ltd. - Delphi Automotive PLC - Valeo SA - Autoliv Inc. - WABCO Holdings Inc.
Autonomous Emergency Braking System market trends and future forecast
Related Industries
Autonomous Emergency Braking (AEB) System Market FAQs
1. What is the market size of the Autonomous Emergency Braking System?
The global market size of the Autonomous Emergency Braking System was valued at $2.56 billion in 2020 and is projected to reach $5.12 billion by 2026, with a CAGR of 12.3% during the forecast period.
2. What are the key market players or companies in the Autonomous Emergency Braking System industry?
Some of the key market players in the Autonomous Emergency Braking System industry include Bosch GmbH, Continental AG, Delphi Automotive PLC, ZF Friedrichshafen AG, and Autoliv Inc.
3. What are the primary factors driving the growth in the Autonomous Emergency Braking System industry?
The primary factors driving the growth in the Autonomous Emergency Braking System industry include increasing demand for advanced safety features in vehicles, stringent government regulations regarding vehicle safety, rising awareness among consumers about vehicle safety, and technological advancements in automotive safety systems.
4. Which region is identified as the fastest-growing in the Autonomous Emergency Braking System?
Asia-Pacific is identified as the fastest-growing region in the Autonomous Emergency Braking System market, driven by the increasing adoption of safety technologies in countries like China, Japan, and India, along with the growth of the automotive sector in the region.
5. Does ConsaInsights provide customized market report data for the Autonomous Emergency Braking System industry?
Yes, ConsaInsights offers customized market report data for the Autonomous Emergency Braking System industry based on specific client requirements, including market sizing, competitive analysis, market trends, and regional insights.
6. What deliverables can I expect from this Autonomous Emergency Braking System market research report?
The Autonomous Emergency Braking System market research report from ConsaInsights may include information on market size, market share analysis, competitive landscape, key market players, growth drivers, challenges, market trends, and future outlook for the industry.
