In a recent published report, Kenneth Research has updated the market report for Automatic Emergency Braking Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Automatic Emergency Braking Market products.
The worldwide Automatic Emergency Braking Market is anticipated to reach around 72,829 thousand units by 2026 according to a new research published by Polaris Market Research. In 2017, the passenger cars dominated the global market, in terms of volume. In 2017, North America accounted for the majority share in the global Automatic Emergency Braking market.
The significant increase in the demand for luxury passenger cars boosts the adoption of AEB systems. The increasing need to improve road safety coupled with introduction of stringent safety regulations has encouraged market players to integrate AEB systems in vehicles. Governments all across the world have mandated stringent safety regulations to reduce road accidents, and improve vehicular safety.
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The growing demand for passenger vehicles owing to increasing disposable income, and changing lifestyles, coupled with modernization of vehicles support the growth of the Automatic Emergency Braking Market. The increasing development of autonomous and semi-autonomous vehicles, and rising safety concerns among consumers have boosted the adoption of AEB systems. However, high costs of advanced electronic brake systems would restrict the market growth during the forecast period. New emerging markets, and emerging consumer demographics would provide growth opportunities for Automatic Emergency Braking market in the coming years.
In 2017, North America accounted for the highest share in the global Automatic Emergency Braking market. The introduction of stringent government regulations regarding vehicular safety, and modernization of vehicles accelerate the adoption of automatic emergency braking in the region. The high rising living standards and disposable income further increases the demand of luxury automobiles in the region. Development of advanced AEB systems by market players to cater to the safety concerns of consumers and meet the mandates issued by the governments has boosted the Automatic Emergency Braking market growth. Modernization of vehicles, and development of autonomous vehicles would provide growth opportunities during the forecast period.
The leading companies profiled in the Automatic Emergency Braking market include ZF Friedrichshafen AG, Daimler AG, Continental AG, Delphi Automotive PLC, Robert Bosch GmbH, Honda Motor Co., Ltd., Tesla Motors, Inc., Denso Corporation, Aisin Seiki Co., Ltd., Knorr-Bremse AG, and Mando Corporation. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers
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