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Commercial Vehicle AEBS Market 2020Description: -
The incidents of road accidents are increasing more in developing countries like India and China. Here the automotive sector is seeing considerable growth. It has been noted that commercial vehicles such as trucks and tractors are the causes for almost one-fifth of the total road accidents that occur across the globe and the driver errors account for the highest number of accidents. This is the factor responsible to drive the need for safety systems like AEBS, fueling the market growth. This market is expected to grow steadily at a decent CAGR during the forecast period.
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Major Key Players
• Bosch, Continental
• ZF Friedrichshafen
• WABCO
• Delphi Automotive
Market overview of the global commercial vehicle AEBS market
The integration of the AEBS in the autonomous vehicles would be considered to be one of the key trends that are responsible for the development of the commercial vehicle AEBS market. The integration of the radar-based, lidar-based, and camera-assisted braking technologies would accelerate the growth of the autonomous vehicle market. The advancements in the field of artificial intelligence and vehicle positioning even help to lead the growth of the autonomous vehicle market. In turn, this will fuel the growth for the AEBS market as the integration of the AEBS in the vehicles makes the commute safer, easier, and more connected.
The commercial vehicle AEBS market looks to be concentrated with only the presence of selected established players. Due to the introduction of the stringent safety rules and an increase in the vehicle safety awareness among the global users, the competitive environment amongst the players in the market space would tend to intensify during the forecast period. The established vendors of the AEBS market are focusing on the designing and the development of the advanced braking systems whereas the new vendors are investing their efforts towards the conventional and the passive braking technologies.
Market segmentation of the Commercial Vehicle AEBS market
The market is segmented by vehicle type as follows
HCVs
LCVs
The market is Segmented by geography type as follows
APAC
Americas
EMEA
Industry scenario and future trends for the Commercial Vehicle AEBS market
In 2016, the LCVs segment had accounted for a major share of the commercial vehicle AEBS market. The LCVs are preferred due to their demand for short-distance commutes within the cities. The rising demand for the SUVs and the pick-up trucks in the US would fuel the growth for the automotive advanced emergency braking system in the LCV segment.
In terms of geographic regions, the United States of America will be the key revenue contributor for the commercial vehicle AEBS market during the entire forecast period. The growth of the automotive advanced emergency braking system in the region is primarily due to the consideration of the pick-up trucks and SUVs as commercial vehicles in countries such as the US. With an increasing number of safety campaigns, the market for the Commercial Vehicle AEBS will also subsequently develop in the region during the entire forecast period.
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Table of Contents – Major key Points
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Continued….
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