Growing road safety concerns and increasing adoption of autonomous emergency brakes are among the significant factors influencing Autonomous Emergency Brakes market growth.
The autonomous emergency braking market is expected to be valued at USD 76.06 billion in 2027 from USD 17.23 billion in 2019, registering a CAGR of 20.2% through the forecast period, according to a recent report by Emergen Research. The demand for autonomous emergency brakes is experiencing a high rate of growth due to rising road safety issues and the increasing acceptance of autonomous emergency braking systems. Accidents and fatalities in road traffic have a huge effect on people, families, and nations. They are responsible for a major cost burden on resource-consuming healthcare services and cause a tremendous reduction in productivity with significant economic and social implications. It has been found that due to road crashes and injuries, about 1.25 million people around the world die annually. Autonomous emergency brakes have the ability to detect a possible accident and enable the braking mechanism to slow or mitigate the vehicle for collision avoidance.
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Key Highlights From Report
- Hyundai Mobis made an announcement in November 2019 about the development of an advanced rear-autonomous emergency braking system with ultra short-range radar deployment. Due to its comparatively quicker response and broader detection range, the system is projected to contribute significantly to the prevention of unexpected backover crashes.
- Actuators have a higher degree of accuracy in motion control due to their ability to adjust speed, force, and torque at different stages of vehicular motion.
- Data fusion allows false-positive inputs to be isolated from actual facts, an important feature of an autonomous emergency braking system to avoid unintended brake operation, resulting in a dangerous rear-end collision.
- North America led the market with a substantial market share of autonomous emergency brakes due to the increase in the region’s mandatory automotive safety regulations. Automotive manufacturers emphasise the up-gradation with a pre-crash framework of already-released automotive models with compatible hardware.
- Key participants include Denso Corporation, Aptiv plc (previously Delphi Automotive plc), Aisin Seiki Co. Ltd., Robert Bosch GmbH, Texas Instruments Inc., Continental AG, Valeo SA, ZF Friedrichshafen AG, Wabco Holdings Inc., and Hyundai Mobis Co. Ltd., among others.
Emergen Research has segmented the Global Autonomous Emergency Brakes Market on the basis of technology, component, automation level, application, and region:
- Technology Outlook (Revenue, USD Billion; 2017-2027)
- Camera
- Fusion
- LiDAR
- Radar
- Component Outlook (Revenue, USD Billion; 2017-2027)
- Actuators
- Audible Buzzers
- Controllers
- Sensors
- Visual Indicators
- Automation Level Outlook (Revenue, USD Billion; 2017-2027)
- Autonomous Vehicle
- Semi-Autonomous Vehicle
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Forward Emergency Braking
- Reverse Emergency Breaking
- Multi-Directional Emergency Breaking
- Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- Rest of MEA
- North America
To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/autonomous-emergency-brakes-market