The Latin America, Middle East and Africa Autonomous Emergency Braking (AEB) Market would witness market growth of 17.6% CAGR during the forecast period (2023-2030).
The Forward Collision Warning (FCW) and AEB systems work together seamlessly. The FCW monitors the road with cameras, radar, lasers, and other sensors, warning the driver if they are going to collide with a car. The FCW system notifies the driver by emitting a sound or displaying a visible indication on the dashboard. Additionally, the automated braking system typically engages before the forward collision system. In the instance that the driver overlooks the FCW system's warning, the autonomous emergency braking system takes in and responds appropriately.
Rear autonomous emergency braking may serve more as a comfort than a safety function. When an obstacle is detected while the vehicle is moving in reverse, the system responds. The rear AEB system and the rear cross-traffic alert system can both be found in some car models. First, if it senses a risk of collision with another vehicle or a pedestrian, the rear cross-traffic alert emits an audible warning to the driver. The vehicle will then slow down as the AEB technology is triggered to help the driver.
The MENA (Middle East & North Africa) region's automotive sector is developing at 36%, according to the International Trade Administration, with Saudi Arabia as the key market. The UAE government's focus on the automobile industry's expansion demonstrates its goal to use this sector to accelerate the development of the country's economy. Most traumatic spinal cord injuries (SCI) in Latin America appear to be caused by vehicle crashes, which account for 40.81% of SCIs. SCI brought on by RTAs may be a severe but preventable disorder. The regional market is estimated to increase due to factors including the increasing number of RTAs and the expanding automotive industry in the region.
The Brazil market dominated the LAMEA 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 $2.2 billion by 2030. The Argentina market is anticipated to grow at a CAGR of 18.2% during (2023 - 2030). Additionally, The UAE market would display a CAGR of 16.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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