Autonomous Emergency Braking (AEB) System Market is expected to reach 56.78 Billion by 2026 from 9.02 Billion in 2016 at CAGR of 20.2% (Detailed analysis of the market CAGR is provided in the report). autonomous emergency braking system market Autonomous Emergency Braking (AEB) System market is segmented by key technology, operating speed, vehicle type, level of automation driving, component, application, and geography. Passenger car subsegment is expected to gain the largest market share in the forecast period. Higher safety concerns among passenger car users and larger volume of passenger vehicles are expected to fuel the Autonomous Emergency Braking (AEB) System market growth. The component segment is estimated to experience the significant growth of the actuator segment. This growth is attributed to a number of actuators required per vehicle being higher than other components. The market on the basis of geography is segmented by North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Increased use in modern passenger cars is trending the overall Autonomous Emergency Braking (AEB) System market. However, lack of functional clarity will restrain the market growth. APAC is going to emerge as one of the higher growth regions in the forecast period followed by North America and Europe. Japan and South Korea’s presence with their technological advancement, tremendous vehicle production in developing economies like China and India will fuel the Autonomous Emergency Braking (AEB) System market in the APAC region.
Key Highlights: • Assessment of market definition along with the identification of key players and an analysis of their strategies to determine the competitive outlook of the market, opportunities, drivers, restraints, and challenges for this market during the forecast period • Complete quantitative analysis of the industry from 2016 to 2026 to enable the stakeholders to capitalize on the prevailing market opportunities