As the vehicle production is increasing in Asian regions, the automotive emergency braking market is to attain the inclined growth. The autonomous emergency braking system is the new technology which is incorporated into vehicles to apply the automatic brakes if car driver fails to respond in an emergency situation and are used in the controlling of the vehicle in traffic conditions. The autonomous emergency braking system is used not to avoid the trouble situations completely but too reduce the intensity of the collision.
APAC Automotive Autonomous Emergency Braking System Market Size & Growth:
APAC Automotive Autonomous Emergency Braking System Market is anticipated to reach the value of $1.59 billion in 2024 from $1.03 billion in 2018 with CAGR of 5.26%. Key parameters like rising safety concerns and mandatory government regulations, advancements in vehicle emergency systems and inclined adoption rate, the rise in the consumer spending power and encouragement by the new car assessment program are accelerating this market growth. Automotive autonomous emergency braking system market has opportunities for increasing passenger vehicle registrations, increasing demand for commercial vehicles. Factors like lack of infrastructure and high cost associated with AEBS, Lack of functional clarity in making AEBS are restraining the market growth.
APAC Automotive Autonomous Emergency Braking System Market Share:
In APAC automotive autonomous emergency braking system market component, technology, operating speed, vehicle type, and geography are the segmentation. LiDAR, RADAR, Camera-based AEB, Fusion-based AEB are the classifications based on technology. Sensors with multi-purpose cameras incorporated in automotive mainly fixed on the back of the vehicle to display ca lear image of
Commercial vehicles and passenger vehicles are the classifications based on the vehicle type. Passenger vehicle segment poised to have the large share and is leading the market. Owing to the larger volume and passenger safety when compared to the commercial vehicles. Low speed inter AEB system, high speed inter-urban AEB system and pedestrian road users system are the classifications based on the operating speed. Low speed AEBs generally operate at lesser speeds, whereas high speed inter-urban AEB systems operate at very high speeds and it is anticipated that sports utility vehicle(SUV) production which is high speed vehicle is likely to be increased within the forecast period. Number of vehicles running under the high speed AEB conditions are expected to be increased.
Automotive autonomous emergency braking market is classified into regions of China, India, Japan, Australia and New Zealand. APAC is the fastest market where automotive autonomous emergency braking market is considered as higher penetration of the AEB systems and increased production value of automobiles are driving the market growth. Developing economies like China and India have increased their production of automotive to 35% in the forecast period. China
APAC Automotive Autonomous Emergency Braking System Market Trends:
APAC Automotive Autonomous Emergency Braking System Market Research Reports Includes:
Along with these companies, there were many other companies are considered in the report while analyzing the Diagnostic Imaging Equipment market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
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