Technavio, a tech-focused market research firm, has published a new report on the global automotive AEB system market, which is expected to experience progressive grow at a CAGR of almost 11% during the forecast period.
This latest report by Technavio covers the market outlook and growth prospects of the global automotive AEB system market for 2016-2020, considering 2015 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.
Based on geographical division, Technavio market researchers segment the global automotive AEB system market into the following key regions: The Americas, APAC, and EMEA.
Geographical segmentation of the global automotive AEB system market for 2015 (market share %)
|
EMEA |
49% |
|
Americas |
32% |
|
APAC |
19% |
Source: Technavio
EMEA: Largest revenue generating region for automotive AEB system
The automotive AEB system market in EMEA was valued at around $6 million in 2015 and is expected to grow at a CAGR of over 12% by 2020. The European market is witnessing stricter norms being implemented by the European Commission and rising demand for safety systems in the automotive market. The automotive governing councils in the region issue guidelines for making AEB systems mandatory in their vehicles in order to make the vehicles safer for both the driver and the pedestrians on the road. The changing behavior of the customers and requirement for safer infrastructure in the region are main contributors to the market growth of the automotive AEB system market in the region.
“The various mandatory safety requirements laid down by the regulatory bodies in the market like Euro NCAP is improving the safety systems in new vehicles. It is a voluntary vehicle testing organization that carries out crash tests and have initiative for safety rating system the vehicles. This system is an indicator of the level of vehicle’s safety is guiding the manufacture and sale of cars in this European market. The manufacturers are using the rating system to develop advanced safety systems and gain a competitive edge for over companies,” says Siddharth J, a lead analyst at Technavio, specializing in research automotive electronics.
Automotive AEB system market in the Americas
The automotive AEB system market in the Americas was valued at almost $4 million in 2015 and is expected to grow at a CAGR of around 10% by 2020. North America is the largest revenue generator in the automotive market in the US. The advanced safety system prevailed in ultra-luxury vehicles and now is being implemented in other passenger vehicles as well. The government has mandated the use of safety systems in all commercial vehicles and passenger cars. Automotive companies like Audi, BMW, Ford, GM, Jaguar Land Rover, Mercedes-Benz, Porsche, Nissan, Toyota, Volvo, and Mazda are investing in the development of technologies for the standard safety system. Since 2012, safety systems related to braking technologies like ESC have been made compulsory for all new vehicles. The collision avoidance and mitigation technologies like AEB systems are expected to reduce automotive insurance claims by more than 30% as compared to conventional braking systems during the forecast period.
Automotive AEB system market in APAC
The automotive AEB system market in APAC was valued at over $2 million in 2015 and is expected to grow at a CAGR of around 8% by 2020. The increasing awareness of safety systems in countries like China and India will have a positive impact on the growth of the market. Higher adoption of AEB systems in vehicles is changing consumer preference toward vehicle selection criteria. The adoption rate of AEB system is much higher in developed nations of regions, such as Japan, Australia, and China. Recently, Nissan announced that it would expand its advanced braking system like forward emergency braking to other products in its portfolio. The adoption of radar and LiDAR-based advanced safety systems in the region is expected to can help reduce the number of accidents in the region.
The top leading vendors operating in the global automotive AEB system market are:
- Bosch
- Continental AG
- Delphi
- ZF-TRW
Other prominent vendors in the market are Autoliv and Mobileye.
A more detailed analysis is available in the Technavio report titled, ‘Global Automotive AEB System Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Automotive Regenerative Braking System Market 2016-2020
- Global Automotive Brake Booster Market 2016-2020
- Global Motorcycle Anti-Lock Braking System Market 2016-2020
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