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Market Research Report

Global Heavy Vehicle Automatic Braking System (ABS) Market Outlook: By Technology Type, By Components, By Geography with COVID-19 impact | Forecast Period 2017-2030

Published Date :

2020-09-01

Report Pages :

734

Format :

PDF

Region Covered :

Global

Global Heavy Vehicles Automatic Braking System Market 

Market Overview

Vehicle technology has augmented rapidly in past few years, especially in the field of braking systems to provide advanced braking systems and sensing systems. In parallel to the development of advanced braking system m sensors have developed that can detect physical obstacles around the vehicles. With growing number of road accident fatalities automotive OEMs and regional governments are taking initiatives by mandating safety features such as automatic braking systems in vehicles, which is the major factor for the development and growth of heavy vehicle automatic braking system market. For instance, in 2016, automotive manufactures representing more than 99% of overall United States vehicle sales, pledged to equip all new cars in the United States with automatic emergency braking (AEB) systems as a standard feature by 2022 and on all new trucks by 2025. Moreover, high acceptance rates in developed countries by consumers are likely to boost the adoption of automatic braking system which will propel the growth of heavy vehicle automatic braking system market over the forecast period.

Global Heavy Vehicles Automatic Braking System Market Segmentation

By Technology Type

  • Low speed system
  • Higher speed system
  • Pedestrian system

By Components

  • Sensors
  • Camera
  • Fusion
  • LiDAR
  • Radar

By Geography

  • North America (US, Canada) {Market Share (%), Market Size (USD Billion)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion)}
  • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion)}
  • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion)}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion)}

Market Size, Share & Forecast

Goldstein Market Intelligence analyst forecast the global heavy vehicle automatic braking system market to expand at a CAGR of +16% during the forecast period 2017-2030. 

Based on technology, low speed heavy vehicles automatic braking system is expected to dominate the market across the globe in coming years. Research and development activities by the major automotive manufacturers such as Volvo and Daimler AG to deploy the semi-heavy vehicles automatic braking system by next few years, will significantly boost the growth of heavy vehicles automatic breaking system market.

Geographically, Europe region is anticipated to be the largest market for heavy vehicles automatic braking system as the consumers and governments in the EU are focused towards adopting advanced safety technologies thus driving the heavy vehicle automated braking system demand. North America is likely to be the fastest growing regions owing to future U.S. regulations for active safety technology for big trucks. With over 10 million commercial trucks on U.S. roads, there is extensive opportunities that will boost the market growth after favorable mandates in coming years.

Heavy Vevhicle Automatic Braking System (ABS) Market Analysis: Trends, Growth Drivers & Challenges

According to our global heavy vehicles automatic braking system market study on the basis of extensive primary and secondary research, one major trend in the market is the development of autonomous features to advance driver and passenger safety. In coming years it is anticipated that majority of new vehicles will have some form of automation to improve driver safety. These features will include highly sophisticated collision prevention systems that automatically brake or slow down the automobile and keep safe distances from vehicles ahead and behind under cruise control.

According to the report, major driver in global heavy vehicles automatic braking system market is rapidly growing investments and R&D activities by automotive companies and favorable government policies for faster development and deployment of automatic emergency braking system in heavy vehicles that can minimize truck fatalities by roughly 44 percent to 47 percent. For instance, European Union is considering mandating automatic braking system in cars by 2022 and in heavy trucks by 2025, which will boost the growth of heavy vehicle automatic breaking system market.

Further, the report states that one challenge in global heavy vehicles automatic braking system market is rate of adoption in mass market. Majorly the developed nations are taking initiative to mandate these systems; on the other hand low adoption rate due to its high cost of technology in developing regions is restraining the market growth in high potential developing countries.

Covered In This Global Heavy Vehicles Automatic Braking System Market Report

The report covers the present ground scenario and the future growth prospects of the heavy vehicles automatic braking system market for 2017-2030. The first objective is to offer background on the current state of automatic braking system technologies. The second and more central goal of the report is to outline the impacts of heavy vehicles automatic braking system deployment in coming years. The report also explores market players’ activity and the role of each top industry issue across several levels of truck automatic braking system technology, offering a discussion of impacts to drivers and operations in general.

Global Heavy Vehicles Automatic Braking system Market Report has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global heavy vehicles automatic braking system market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global heavy vehicles automatic braking system market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

COVID-19 impact on "Heavy Vehicle Automatic Braking System (ABS) Market"

The report analyses and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Heavy Vehicle Automatic Braking System (ABS) Market" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.

Key Market Players

Our global heavy vehicles automatic braking system market report comprises of the following companies as the key players in the global heavy vehicles automatic braking system market:

  • AB Volvo
  • Robert Bosch GmbH
  • Daimler AG
  • Mitsubishi Motors
  • Toyota Motors
  • Volkswagen
  • Tesla Motors Inc.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

For a full detailed overview, send us request for market report sample.

Key questions answered in this global heavy vehicles automatic braking system market report

  • What is the total market size by 2030 and what would be the expected growth rate of sales?
  • What is the total revenue per segment and region in 2017-18 and what would be the expected revenue per segment and region over the forecast period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

We can provide two hour complimentary interaction with our analyst after the purchase of this market report. Details are imparted within the report.




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Global Heavy Vehicle Automatic Braking System (ABS) Market Outlook: By Technology Type, By Components, By Geography with COVID-19 impact | Forecast Period 2017-2030

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