Automotive Emergency Braking Market: FCW Technology is Expected to Lead the Automotive Emergency Braking Market
The global automotive emergency braking market is
expected to witness significant growth in the coming years, owing to rising
customer demand for safety features and technology in automobiles and
increasing government mandates and regulations for the incorporation of the
emergency braking system in automobiles. The increasing demand for premium
vehicles is also anticipated to benefit the market during the forecast period.
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Based on vehicle type, the market is categorized
into passenger cars and commercial vehicles. During the forecast period, the
passenger car category, especially premium luxury cars, is expected to dominate
the automotive emergency braking market. The increasing production of passenger
cars and rising income levels are major factors fueling the demand for the
emergency braking system.
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During the forecast period, Asia-Pacific is
expected to dominate the automotive emergency braking market because of the
high production of passenger cars, growing safety concerns among car users, and
rising disposable incomes, especially of the middle-class population, in the
region.
Some of the major players in the automotive
emergency braking market are Continental AG, Autoliv Inc., DENSO Corporation,
Tesla Inc., Magna International Inc., and Robert Bosch GmbH.
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