“$3bn Automotive Autonomous Emergency Braking (AEB) Systems market set for major growth due to government mandates” says new Visiongain report
11 March 2019
Autonomous Emergency Braking (AEB) systems use radar, LIDAR or video technology to warn the driver of an impending frontal collision before autonomously engaging the brakes and eventually performing an emergency stop. Some systems can also change the dynamic characteristics of the vehicle e.g. by stiffening up the suspension and increasing the steering rate to assist the driver in a successful evasive manoeuvre. The Autonomous Emergency Braking market has undergone tremendous advancements during the past few years. Some of the key advancements have been made in the field of fusion technology.
The autonomous emergency braking system market is estimated to be worth $3bn in 2019.
Leading companies such as Continental, Bosch, Denso, Valeo, Autoliv, Magna, Hyundai Mobis, Delphi, Aisin Seiki and others are investing in this $3bn market.
The lead analyst commented that "There will be huge demand for autonomous emergency braking systems from car manufacturers due to the government mandates for installing AEB systems in every car. A few of the manufacturers have already started incorporating these systems in their cars. AEB systems will play a significant role in improving the safety of the passengers. Demand is also expected to increase as consumers are looking for cars with added safety."
Find data and information on this market in our new Automotive report Automotive Autonomous Emergency Braking (AEB) Systems Market Report 2019-2029 : Forecasts by Vehicle Type (Passenger Cars, Commercial Vehicles), by Product Type (Low Speed, High Speed, Pedestrian) & by Technology (Radar, Camera, Lidar, Fusion) Plus Analysis of Leading Automotive OEMs, Tier 1 Suppliers & Electronics Companies Developing Advanced Driver Assistance System (ADAS) Technologies.
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