Automatic braking system is designed to prevent hazardous collisions between vehicles by optimizing vehicle’s braking efficiency and pre-indicating the chances of collision.
The global brake market is anticipated to reach USD 30.0 Billion by 2020, registering a compound annual growth rate (CAGR) of 7.0%. Geographically, the global automobile automatic braking system market is segmented into North America, Latin America, Western and Eastern Europe, Asia-Pacific and rest of the world.
Market Segmentation
- By Type
Based on type, the global automobile automatic braking system can be segmented into disc brakes and drum brakes
- By Technology
On the basis of technology, the global automobile automatic braking system market is segmented as laser technology, sensors, radar technology and others.
- By Vehicle Type
Global automobile automatic braking system can be divided on the basis of vehicle types into LCV (Light commercial vehicle) and HCV (Heavy commercial vehicle).
Growth Drivers and challenges
Burgeoned growth of automobile sector in most of the countries is expected to be a major driver fostering the growth of global automobile automatic braking system market over the forecast period.
In addition to that, rising concerns over road safety and increasing government regulations to control road traffic is also believed to bolster the expansion of global automobile automatic braking system market in future.
However, larger availability of automatic braking system in premium vehicles is projected to dampen the growth of global automobile automatic braking system market, particularly in developing and underdeveloped countries.
Market Size and Forecast
North America is anticipated to hold the top rank in automobile automatic braking system market in the world. The automatic braking system market in North America is majorly propelled presence of major auto makers such as General Motors and Ford in the region. The U.S. is projected to be the largest automobile automatic braking system market in North America followed by Canada.
Europe is also envisioned to have a major share of global automobile automatic braking system market by the end of 2021. The market is likely to get propelled by increasing vehicle production in most of the major European countries such as Germany, Italy, France, Spain and the U.K.
Asia-Pacific region is expected to witness a stupendous growth in the automobile automatic braking system market in coming 5-6 years. The automatic braking system market in the region is likely to get fostered from increasing foreign investments and emerging middle class in countries such as India, China, Japan and Singapore.
Key Players
The global market of automobile automatic braking system market is very competitive and includes some of the top players like Toyota, Mercedes, Honda, BMW, Nissan, Ford, Volkswagen, etc.
Scope and Context
Overview of the Parent Market
Analyst View
Market Size and Growth
- North America (U.S. & Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia)
- Rest of World
Segmentation
- By Type
- By Technology
- By Vehicle Type
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
