Group items tagged

Automatic Emergency Braking Market Size - Industry Report 2018-2026

Automatic Emergency Braking Market Size - Industry Report 2018-2026

Automatic Emergency Braking Market Size - Industry Report 2018-2026

"The global automotive electronics market size is expected to reach USD 410.13 billion by 2025 at a CAGR of 8.7% over the forecast period. Stringent government regulations regarding fuel emission standards along with growing inclusion of road safety systems and demand for state-of-the-art vehicles are anticipated to drive the market. Technological shift towards advanced safety systems is expected to fuel the demand further over the next few years. Functionalities, such as emergency call systems, accident data recorder systems, and alcohol ignition interlocks, are also predicted to spur the market growth. Essential electronic systems used to ensure the passenger safety include back-up sensing system, airbags, on/off switches for airbags, energy-absorbing steering system, electro-chromatic mirrors/auto-dimming mirrors, head restraints, padded knee bolster, head-up display, and passenger sensing system. Increasing awareness among consumers and initiatives by various governments have boosted the adoption of safety systems in vehicles. For instance, China and the European Commission launched New Car Assessment Program (NCAP), which mandates the inclusion of Automatic Emergency Braking (AEB) and Lane Departure Warning (LDW) feature, thus, improvising the vehicle safety standards. Companies offering infotainment solutions are consolidating features, such as Advanced Driver-Assistance Systems (ADAS) and in-vehicle infotainment."