Automatic Emergency Braking Market Analysis

Automatic Emergency Braking Market Analysis

The disk brake segment accounted for over 65% of the volume share in 2017 due to increasing AEB installation in commercial and passenger vehicles. Additionally, government organizations such as the NHTSA are reducing the minimum braking distance requirements, that positively influences the product demand. Advantages associated with system including prolonged durability, lower noise & warping, along with superior thermal conductivity will further propel the industry statistics.

Drum brakes segment is predicted to register growth rate of around 17% till 2024. Lower component cost and minimum maintenance requirements are spurring the segment growth. Moreover, increasing applicability of these brakes across multiple budget hatchbacks is anticipated to fuel the automatic emergency braking market expansion.
 

ICE vehicles are projected to grow at more than 17% CAGR through 2024 led by benefits offered such as improved vehicle efficiency and reliable operation over a longer duration. Increasing construction and commercial activities globally will augment the HCV emergency braking industry demand. AEB market participants are continuously investing in R&D for introducing technologically advanced HCVs.
 

Hybrid & electric vehicle segment generated nearly USD 300 million revenue in 2017. Regulations associated with the sales of such vehicles is supporting the market statistics.
 

The crash imminent braking segment will pose above 16.5% gains till 2024. Increasing usage of crash imminent braking systems to avoid rear-end-collision will enhance the automatic emergency braking market share. The incorporation of forward-looking sensors coupled with forward collision warning system alerts will drive the industry proliferation.
 

Dynamic emergency braking market captured about 20% of the revenue share in 2017. The increasing adoption of these systems in the event of a potential collision is likely to propel the segment growth. Furthermore, the reduced wear and tear to the tires and brake pads owing to uniform brake application is accelerating the industry expansion.
 

Forwards collision warning systems will hold for a considerable share in the forecast timeframe. The rising incorporation of the technology by major automobile manufacturers across their product portfolio is boosting the industry share.
 

Presence of major market players including BMW, Volkswagen, Mercedes, Volvo offering innovative AEB solutions in their product line-up will fuel the European automatic emergency braking market demand. Vehicle safety regulating organizations including Euro NCAP are promoting the development and mandatory deployment of AEB systems in vehicles to safeguard occupants and non-occupants, providing a positive market outlook.
 

North America holds prominent share on account of increasing stringent regulations for vehicle safety. Automakers are equipping their previous vehicle models having appropriate hardware with collision avoidance systems.