The Asia Pacific Autonomous Emergency Braking (AEB) Market would witness market growth of 14.3% CAGR during the forecast period (2023-2030).
Emerging markets like India and China have enormous potential to propel the growth of the market. These nations' demand for automatic safety measures like AEB systems rises as they become wealthier and more safety conscious. The need for AEB systems will only grow as automated driving technologies become increasingly prevalent in automobiles. AEB systems are vital components of these technologies. Collaborations between automakers, suppliers, and others could result in the development of AEB systems, opening up new commercial prospects and fostering market growth. Additionally, growing consumer awareness of their benefits could raise interest in AEB systems.
Though not all collisions could be prevented, AEB significantly reduces the risk to pedestrians. The AEB system offers greater benefits the longer the TTC of braking and the shorter the latency value. In order to reduce rear-end crashes, the autonomous emergency braking system (AEB) has been widely included in the design and production of automobiles.
Road safety remains a significant development challenge, a public health issue, and an essential contributor to fatalities and injuries in this region. Rapid road construction, motorization, and traffic growth have all accompanied South Korea's recent rapid economic development. Consequently, roadside injuries and fatalities are unusually high compared to other nations. South Korea has one of the highest per capita traffic mortality rates among OECD members. The factors projected to boost the expansion of the regional market are an increasing number of traffic injuries and supportive government initiatives to prevent traffic fatalities.
The China market dominated the Asia Pacific Autonomous Emergency Braking (AEB) Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $7.3 billion by 2030. The Japan market is registering a CAGR of 13.5% during (2023 - 2030). Additionally, The Taiwan market would experience a CAGR of 15.3% during (2023 - 2030).
Based on Type, the market is segmented into Dynamic Brake Support, and Crash Imminent Braking. Based on System, the market is segmented into Low Speed, and High Speed. Based on Vehicle Type, the market is segmented into Passenger Cars, and Commercial Vehicles. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Taiwan, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Autonomous Emergency Braking (AEB) Market is Projected to reach USD 80.3 Billion by 2030, at a CAGR of 13.4%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, Hyundai Mobis Co., Ltd. (Hyundai Motor), Aisin Corporation (Toyota Motor Corporation), Hitachi, Ltd.(Hitachi Astemo, Ltd.), Valeo SA, HL Mando Corporation, Netradyne, Inc., and Aptiv PLC
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