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Automatic Emergency Braking (AEB) Market was valued at US $ 12.79 Bn. in 2022. Global Automatic Emergency Braking (AEB) Market size is estimated to grow at a CAGR of 14.5%. The market is expected to reach a value of US $ 33.01 Bn in 2029.
Global Automatic Emergency Braking (AEB) Market Overview:
The Maximize Market Research Report offers a comprehensive perspective on the Global Automatic Emergency Braking (AEB) market, encompassing a detailed market overview, dynamic market trends, and distinctive market features. Through regional industry insights and country-level statistics, the report sheds light on key market trends and current dynamics, enabling organizations to stay informed about the latest product releases. The section dedicated to “Geographic Insights” delves into regions poised to command significant market shares, providing valuable insights for strategic decision-making.
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Market Scope:
During the period from 2023 to 2029, the market is projected to experience rapid growth, with Maximize Market Research (MMR) thoroughly assessing various factors such as import and export consumption, supply and demand dynamics, cost structures, pricing trends, market shares, sales volumes, revenues, and gross profits. MMR’s research provides a comprehensive analysis of each manufacturer’s manufacturing capabilities, production capacities, factory and market prices, as well as their respective market shares, offering valuable insights into the intricate details of the market landscape.
Segmentation:
The market is divided into two segments: disc and drum. Disc brakes accounted for more than 65% of the market share in 2022, owing to increased AEB installation in commercial and passenger vehicles. Furthermore, regulatory organisations such as the NHTSA are lowering minimum braking distance regulations, which benefits product demand. Longer durability, less noise and warping, and increased thermal conductivity are just a few of the system’s advantages, which will boost industry statistics even further. The drum brakes segment is predicted to grow at a 17% annual pace through 2029. The segment’s growth is being powered by decreased component costs and fewer maintenance needs, and the market for autonomous emergency braking is predicted to expand as the applicability of these brakes expands.
Global Automatic Emergency Braking (AEB) Market Size, by Vehicle type (2022-2029)
• Commercial Vehicles
• Passenger Vehicles
Global Automatic Emergency Braking (AEB) Market Size, by Brake (2022-2029)
• Disc
• Drum
Global Automatic Emergency Braking (AEB) Market Size, by Technology (2022-2029)
• Crash Imminent Braking
• Dynamic Brake Support
• Forward Collision Warning
Key Players:
Maximize Market Research envisions prospective expansion within the target sector as a means to enhance comprehension of the present condition of the Global Automatic Emergency Braking (AEB) market Growth and prevailing national policies. This comprehensive report encompasses estimations of market size and the evolution of market segments, coupled with qualitative and quantitative revelations, offering invaluable insights into the multifaceted landscape of the Global Automatic Emergency Braking (AEB) market Analysis.
• Volvo Car Corporation
• Tesla Inc.
• Ford Motor Company
• Daimler AG
• Audi AG
• BMW Group
• Volkswagen Group
• Toyota Motor Corporation
• Honda Motor Company Ltd
• Jaguar Land Rover Automotive Plc.
• Autoliv Inc.
• Continental AG
• Delphi Technologies
• Robert Bosch GmbH
• Mercedes Benz
• AB Volvo
• Siemens
• Mitsubishi Corporation
• General Motors.
• Mazda Motor Corporation
• Groupe PSA
• Hyundai Motor Corporation
• Magna International Inc.
• ZF TRW Automotive Inc
Regional Analysis:
Encompassing a global perspective, the MMR study encompasses North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa, delving into numerous pivotal market segments and sub segments, alongside key industry domains. Through its comprehensive survey, MMR evaluates forward-looking nations engaged in regional advancement, scrutinizing factors such as market size, market share, and volume. Complementing quantitative metrics including quantity, area, revenue, and market chain architecture, the study also incorporates demographic insights, thereby providing a holistic understanding of market dynamics and regional development.
COVID-19 Impact Analysis on Global Automatic Emergency Braking (AEB) Market:
The period between 2023 and 2029 was marked by the profound influence of the COVID-19 pandemic on global projections, industries, and the workforce. The pandemic’s outbreak brought about substantial repercussions for society and living standards, prompting a critical need for rapid industry adaptation and assistance. The multifaceted impacts of COVID-19 have been particularly pronounced in India, where expatriates have faced a myriad of challenges. Thousands of migrant workers have been adversely affected by lockdowns and restrictions, leading to widespread job losses, food scarcity, and heightened uncertainty about their prospects ahead.
Key Questions Answered in the Global Automatic Emergency Braking (AEB) Market Report are:
- What are the emerging technological advancements influencing the Global Automatic Emergency Braking (AEB) market?
- How are regulatory changes impacting the Global Automatic Emergency Braking (AEB) market landscape?
- What are the potential challenges that could hinder the growth of the Global Automatic Emergency Braking (AEB) market?
- How are consumer preferences evolving within the Global Automatic Emergency Braking (AEB) market?
- What sustainability initiatives are being adopted by companies in the Global Automatic Emergency Braking (AEB) market?
- How is the adoption of digital platforms shaping the distribution channels in the Global Automatic Emergency Braking (AEB) market?
- What innovations are being introduced by key players in the Global Automatic Emergency Braking (AEB) market?
- How is the COVID-19 pandemic continuing to impact the Global Automatic Emergency Braking (AEB) market dynamics?
- What are the growth prospects for niche segments within the Global Automatic Emergency Braking (AEB) market?
- How are geopolitical factors influencing the Global Automatic Emergency Braking (AEB) market’s supply chain?
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