Automotive Advanced Emergency Braking System Market Analysis and Latest Trends
An Automotive Advanced Emergency Braking System (AEBS) is a safety feature in vehicles that helps prevent collisions by applying brakes automatically when the system detects an imminent collision. This system uses sensors such as radar, cameras, and LIDAR to monitor the road ahead and alert the driver of potential dangers. If the driver does not respond in time, the system will automatically apply the brakes to avoid a collision or minimize its impact.
The Automotive Advanced Emergency Braking System Market is expected to grow at a CAGR of 11% during the forecast period. This growth can be attributed to the increasing focus on road safety, stringent government regulations mandating the installation of safety features in vehicles, and the rising demand for vehicles equipped with advanced driver-assistance systems. The market is also witnessing technological advancements in AEBS, such as the integration of artificial intelligence and machine learning for more accurate detection and response to potential collisions.
Additionally, the increasing adoption of electric vehicles and autonomous driving technologies is expected to boost the demand for AEBS in the automotive industry. Manufacturers are also investing in research and development activities to improve the performance and efficiency of AEBS, driving further growth in the market.
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Automotive Advanced Emergency Braking System Major Market Players
The automotive advanced emergency braking system market is highly competitive, with key players including Bosch, Continental AG, Delphi, ZF-TRW, Autoliv, and Mobileye.
Bosch is a leading player in the market, with a wide range of advanced braking systems for vehicles. The company has been focusing on innovative technologies and strategic partnerships to enhance its market presence. Bosch's sales revenue for the automotive division was $45.7 billion in 2020.
Continental AG is another major player in the automotive industry, with a strong focus on safety and automation technologies. The company has seen significant market growth due to its advanced emergency braking systems. Continental AG reported sales revenue of €44.5 billion in 2020.
ZF-TRW, a subsidiary of ZF Friedrichshafen AG, is known for its advanced safety systems, including emergency braking systems. The company has been investing in research and development to expand its product portfolio and market reach. ZF Friedrichshafen AG's sales revenue was €32.6 billion in 2020.
Autoliv is a key player in the automotive safety industry, specializing in advanced braking systems and other safety technologies. The company has been focusing on strategic acquisitions and partnerships to drive growth in the market. Autoliv reported sales revenue of $7.3 billion in 2020.
In conclusion, the automotive advanced emergency braking system market is driven by key players such as Bosch, Continental AG, Delphi, ZF-TRW, Autoliv, and Mobileye. These companies are investing in innovative technologies and strategic partnerships to enhance their market presence and drive future growth. With the increasing focus on vehicle safety and automation, the market size is expected to grow significantly in the coming years.
What Are The Key Opportunities For Automotive Advanced Emergency Braking System Manufacturers?
The global Automotive Advanced Emergency Braking System market is experiencing steady growth due to increasing demand for safety features in vehicles. With rising awareness of road safety and stringent regulations regarding vehicle safety standards, there is a growing adoption of advanced emergency braking systems in automobiles. The market is projected to witness a significant growth in the coming years, driven by technological advancements, increasing vehicle production, and growing investments in R&D by key players. Additionally, the integration of AI and machine learning technologies in these systems is expected to further fuel market growth in the future.
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Market Segmentation
The Automotive Advanced Emergency Braking System Market Analysis by types is segmented into:
- Initiative
- Passive
Automotive Advanced Emergency Braking Systems can be categorized into two main types: initiative and passive. Initiative systems are proactive in nature, using sensors and real-time data to detect potential collisions and automatically engage the braking system to prevent accidents. On the other hand, passive systems rely on the driver to initiate braking when a collision is imminent. While both types aim to increase safety on the roads, initiative systems are seen as more advanced and effective in preventing accidents.
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The Automotive Advanced Emergency Braking System Market Industry Research by Application is segmented into:
- Passenger Car
- Commercial Vehicle
The Automotive Advanced Emergency Braking System is widely used in both passenger cars and commercial vehicles to enhance safety on the road. This system automatically applies brakes in case of an imminent collision, reducing the severity of accidents and potentially saving lives. In the passenger car market, this technology appeals to safety-conscious consumers looking for added peace of mind. In the commercial vehicle market, it is essential for fleet operators to minimize the risk of collisions and protect both their drivers and cargo.
In terms of Region, the Automotive Advanced Emergency Braking System Market Players available by Region are:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The automotive advanced emergency braking system market is expected to witness substantial growth in regions such as North America, Asia-Pacific, Europe, the USA, and China. Among these regions, North America and Europe are anticipated to dominate the market, holding a market share of approximately 30% each. Asia-Pacific is also expected to make significant contributions, with a market share of about 25%. The USA and China are projected to account for around 10% and 5% of the market share, respectively.
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