Automotive Passenger Car Emergency Braking System Market to Grow with a CAGR of 10.5% Globally through to 2028
Increasing Emphasis on Vehicle Safety, Technological
Advancements and Integration, Rising Consumer Awareness and Demand and
Insurance Incentives and Cost Savings are factors driving the Global Automotive
Passenger Car Emergency Braking System market in the forecast period 2024-2028.
According to TechSci Research report, “Global Automotive
Passenger Car Emergency Braking System Market - Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2028”, the Global Automotive
Passenger Car Emergency Braking System Market stood at USD 19 billion in 2022
and is anticipated to grow with a CAGR of 10.5% in the forecast period,
2024-2028. The
Global Automotive Passenger Car Emergency Braking System Market has experienced
remarkable growth and transformation in recent years, driven by a convergence
of technological innovation, increased awareness of vehicle safety, and
stringent government regulations. This market is characterized by the
widespread adoption of advanced driver assistance systems (ADAS), with
emergency braking systems emerging as a cornerstone feature in modern passenger
cars. These systems, often referred to as Autonomous Emergency Braking (AEB) or
Collision Avoidance Systems, utilize an array of sensors, including radar,
LiDAR, cameras, and ultrasonic sensors, to monitor the vehicle's surroundings
continuously. Advanced algorithms process this data in real-time, enabling the
system to detect potential collision risks with other vehicles, pedestrians,
cyclists, and obstacles on the road. The integration of emergency braking
systems with ADAS has become a dominant trend in the market, offering consumers
comprehensive safety packages that encompass a range of accident prevention
features. As technology continues to advance, these systems are becoming
increasingly sophisticated, operating at higher speeds and handling complex
scenarios, such as highway driving and intersections. Moreover, there is a
growing emphasis on pedestrian and cyclist detection, reflecting a societal
concern for the safety of vulnerable road users.
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Passenger Car Emergency Braking System Market.”
The Global Automotive Passenger Car Emergency Braking
System Market is a dynamic and rapidly evolving sector within the automotive
industry. This market segment is characterized by the integration of advanced
safety technologies aimed at preventing accidents and reducing their severity.
Emergency braking systems, often referred to as Autonomous Emergency Braking
(AEB) or Collision Avoidance Systems, have become a cornerstone of modern
passenger car safety.
These systems utilize an array of sensors, including
radar, LiDAR, cameras, and ultrasonic sensors, to monitor the vehicle's
surroundings continuously. These sensors feed data to advanced algorithms,
enabling the system to detect potential collision risks with other vehicles,
pedestrians, cyclists, and obstacles on the road. This real-time analysis
allows the system to initiate automatic braking maneuvers if it anticipates an
imminent collision, helping to mitigate or entirely prevent accidents. The
evolution of the Global Automotive Passenger Car Emergency Braking System
Market has been driven by several key factors. First and foremost is the
paramount concern for road safety. With millions of lives at stake on the
world's roads, both consumers and regulatory bodies have pushed for the
integration of advanced safety features, making emergency braking systems a
central focus.
Government regulations and safety standards have
played a pivotal role in shaping the market's trajectory. Regulatory bodies
worldwide have imposed stringent safety requirements, often mandating specific
safety features and materials for emergency braking systems. Compliance with
these standards is not only a legal requirement but also a critical aspect of a
manufacturer's reputation. Another driving force in this market is the
integration of emergency braking systems with broader Advanced Driver
Assistance Systems (ADAS). These systems encompass features such as adaptive
cruise control, lane-keeping assistance, blind-spot monitoring, and emergency
braking, working together cohesively to provide a comprehensive approach to
accident prevention. This integration enhances vehicle safety and reflects a
broader shift towards holistic safety solutions in the automotive industry.
In addition to safety, market growth has been
influenced by technological advancements. These systems have evolved
significantly, with improvements in sensor accuracy, processing power, and
response times. Advanced machine learning algorithms and artificial
intelligence have played a pivotal role in enhancing the precision and
reliability of emergency braking systems. These advancements have allowed the
systems to operate at higher speeds and handle complex driving scenarios, including
highway driving and intersections. Furthermore, increased attention has been
given to the detection and protection of vulnerable road users, such as
pedestrians and cyclists. Modern emergency braking systems are designed to
recognize the unique characteristics and movement patterns of these
individuals, making them safer in urban environments where interactions with
pedestrians and cyclists are frequent.
The market's future trajectory is expected to be
shaped by ongoing trends and developments. As consumer demand for safety
features continues to grow, emergency braking systems will remain a central
focus for automakers. Moreover, the standardization of testing procedures and
safety criteria will help ensure consistent performance and reliability across
different vehicle models and brands, further bolstering market growth. As
technology continues to advance, the integration of emergency braking systems
with autonomous vehicles and vehicle-to-vehicle (V2V) communication systems is
on the horizon. These developments have the potential to create a highly
interconnected and safer road ecosystem, reducing accidents and fatalities.
Major companies operating in Global Automotive Passenger
Car Emergency Braking System Market are:
- Robert Bosch GmbH
- Continental AG
- ZE Friedrichshafen AG
- Delphi Automotive LLP
- Hyundai Mobis
- Aisin Seiki Co. Ltd
- Hitachi Automotive System Ltd.
- Mando Corporation
- Netradyne
- Valeo S.A.
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“The Global
Automotive Passenger Car Emergency Braking System Market is a pivotal segment
of the automotive industry, characterized by its relentless pursuit of safety
and accident prevention. These systems, known as Autonomous Emergency Braking
(AEB) or Collision Avoidance Systems, rely on advanced sensors and algorithms
to monitor the vehicle's surroundings continually. They can detect potential
collision risks with other vehicles, pedestrians, and obstacles, initiating automatic
braking to prevent or mitigate accidents. Driven by growing safety concerns,
stringent regulations, and consumer demand, the market has witnessed
significant growth and technological advancement. The integration of AEB with
broader Advanced Driver Assistance Systems (ADAS) and the ongoing development
of sensor technologies indicate a promising future for this market as it
continues to enhance road safety and reduce the toll of accidents worldwide.,”
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Automotive
Passenger Car Emergency Braking System Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast, Segmented By Sensor Type (Camera, Lidar, Radar), By Technology
(Forward Collision warning, Dynamic brake support, Crash imminent braking), By
Region, By Competition,
2018-2028”, has evaluated
the future growth potential of Global Automotive Passenger Car Emergency
Braking System Market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Automotive Passenger
Car Emergency Braking System Market.
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