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Download Free sampleThe global Autonomous Emergency Braking System market was valued at 1922.4 Million USD in 2021 and will grow with a CAGR of 12.83% from 2021 to 2027.
The prime objective of Autonomous Emergency Braking System Market is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, Autonomous Emergency Braking System Market covers market segmentation by major market vendors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Autonomous emergency braking system (AEBS) is a new safety technology increasingly being fitted to vehicles, which monitors the traffic conditions ahead and automatically brakes the car if the driver fails to respond to an emergency situation. AEB is seen by experts as an important development as is the seatbelt, but rather than protecting the occupant in the event of a crash, it aims to prevent the crash happening in the first place. The application of autonomous emergency braking system industry is engaged in advanced driver assistance system (ADAS).The global autonomous emergency braking system market is driven by rise in number of road accidents, and high adoption rate of advanced braking systems. However, high cost of AEBS technology hampers the autonomous emergency braking system market growth.
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