Technavio, a tech-focused market research firm, has published a new report on the global automotive adaptive emergency brake lights market, which is expected to grow at a CAGR of close to 2% during the forecast period 2016-2020.
Based on geographical segmentation, Technavio market researchers categorize the global automotive adaptive emergency brake lights market into the following key regions: the Americas, APAC, and EMEA.
Source: Technavio
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Automotive adaptive emergency brake lights market in EMEA: Europe is home to many global automobile manufacturers and major luxury brands, which makes the region one of the largest potential markets for adaptive emergency brake light systems.
According to Siddarth Jaiswal, a lead analyst at Technavio, specializing in research on automotive electronics, “The European Commission in EMEA is issuing guidelines for making the advanced braking systems mandatory in vehicles to make them safer for both the occupants and pedestrians. Such regulations will have a positive impact in installing complementing features such as adaptive emergency brake lights.”
With improving car sales in the Eurozone and the rising trend among the OEMs in equipping vehicles with adaptive emergency brake lights, Technavio expects positive growth for the automotive adaptive emergency brake lights market in EMEA.
Automotive adaptive emergency brake lights in the Americas: Technavio believes that the Americas will witness high growth rate during the forecast period as more cars will be equipped with adaptive brake lights. These cars are likely to be approved as per the regions’ governing laws or can feature in cars that offer adaptive brake lights as one of its features and along with several safety structures.
Automotive adaptive emergency brake lights market in APAC: Increasing rear-end collisions that occur every year in developing economies such as China and India and the increasing safety awareness among customers are potential driving factors for adaptive emergency brake lights systems in APAC. OEMs of the market are expected to introduce such technologies in the mid-level segments in APAC during the forecast period.
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The top leading vendors operating in the global automotive adaptive emergency brake lights market are:
- FELIO
- KOITO
- Magneti Marelli
- Valeo
Other prominent vendors in the market include SafeLight, Kahtec Technologies International, ICHIKOH Industries, and ZKW.
A more detailed analysis is available in the Technavio report titled, ‘Global Automotive Adaptive Emergency Brake Lights Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Automotive Lighting Market 2016-2020
- Global Automotive Adaptive Front Lighting System Market 2016-2020
- Global Automotive Advanced Emergency Braking System Market 2016-2020
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