Automatic Emergency Braking Market : Present Scenario and the Growth Prospects with Forecast 2025
Automatic or autonomous emergency braking technology is a special type of braking technology used currently in automobiles. Braking system in an automobile helps to brake the vehicle to prevent collision. Automatic or autonomous emergency braking as the name implies helps to brake the vehicle by increasing the braking force or automatically brakes to prevent a rear-end and other collision. Rising demand for passenger vehicles and luxury vehicles across the globe and the rising adoption of advanced driver assisted systems are anticipated to increase the demand for automatic or autonomous emergency braking systems across the globe in the next few years. Transparency Market Research estimates that the global automatic or autonomous emergency braking market, valued in terms of revenue at US$10,510.0 mn in 2016, will reach US$16,730.0 mn by 2025, at a CAGR of 5.3% from 2017 to 2025. Obtain Report Details @ http://www.transparencymarketresearch.com/automatic-autonomous-emergency-brakingmarket.html In terms of technology, the global automatic or autonomous emergency braking market has been segmented in the report into forward collision warning systems, dynamic brake support systems, and crash imminent braking. Of these, the segment of forward collision warning systems is presently the most preferred automatic or autonomous emergency braking technology. The segment accounted for a massive 44.6% of the overall market in 2016 and is expected to remain the leading contributor of revenue to the global market throughout the report’s forecast period. The segments of dynamic brake support and crash imminent braking are expected to register massive rise in market share and expand at promising paces from 2017 to 2025. In terms of growth rate, the segment of crashing imminent braking technology is expected to lead with a 6.3% CAGR from 2017 to 2025.