Technavio Announces the Publication of its Research Report Global Automotive Advanced Emergency Braking (AEB) System Market 2016-2020
Technavio recognizes the following companies as the key players in the global automotive advanced emergency braking (AEB) system market: Bosch, Continental AG, Delphi, and ZF-TRW.
Other Prominent Vendors in the market are: Autoliv, and Mobileye.
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Commenting on the report, an analyst from Technavios team said: Advanced braking technologies will be a key trend for market growth. Along with artificial intelligence, high-performance vehicle-positioning and cloud connectivity, radar, and LiDAR-based camera assisted braking technologies would play a vital role in the future of automated cars. Automotive AEB system is serving as a base for making autonomous or future driverless cars a reality. LG and Mercedes-Benz, the two renowned brand in the gadgets and automobile markets, have collaborated to create stereo camera systems that would be used in future driverless cars.
According to the report, electrification of automotive components for efficient braking and higher fuel efficiency will be a key driver for market growth. Since the late 21st century, automotive innovation is primarily driven by government regulations. As the automotive industry is a major contributor of environmental pollution, various governing bodies worldwide have directed regulations to reduce vehicle emissions along with increasing the fuel economy of vehicles. To comply with the regulations, OEMs and tier-1 suppliers have been actively investing in technologies to either reduce the overall weight of the vehicle. They are introducing electronically controlled vehicle mechanism to obtain higher accuracy in functioning, leading to higher fuel efficiency and reducing tailpipe emissions.
Further, the report states that making AEB as a standard will be a major challenge for the market. The automotive industry is gradually shifting toward making advanced braking technologies like AEB system as standard offering in vehicles, which can be seen in the European and American automotive markets. Automotive governing bodies have taken strategic measures to make the AEB system mandatory in all their vehicles by 2022. There are no doubts in the credibility of such collision avoidance systems as scientific studies carried out in developed economies reveal that they help in reducing collision rates significantly.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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About Braking System
The braking system forms a fundamental part of the vehicle along with the engine, powertrain, and vehicle body. Started as a mechanical device in the vehicle, the system aids in slowing or stopping the vehicle by means of friction. Since the invention of commercially viable automobiles in the late 1920s, technological advances have evolved the vehicle into a much safer, comfortable, and eco-friendly experience. Vehicles have now become more than just a means of transportation. Innovations and developments have made vehicles more powerful and intelligent with the rapid adoption of electronics that can self-learn to adapt with real-time driving situations. Automobiles of toady boast of more electronics than mechanical parts and components with an average hatchback consisting of over 35%-40% electronic components in 2015 and we expect this to rise to over 60% by 2020. With rapid acceleration in technological development, the automotive braking industry is experiencing a gradual shift from mechanical to hydraulic braking, which is now rapidly shifting to electronically-controlled braking systems.
Technavios analysts forecast the global automotive advanced emergency braking (AEB) system market to grow at a CAGR of 10.68% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive advanced emergency braking (AEB) system market for 2016-2020. To calculate the market size, the report considers a top-down approach is used, where the market is derived from the overall AEB system application volume.
The market is divided into the following segments based on geography:
Technavio’s report, Global Automotive Advanced Emergency Braking (AEB) System Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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