Get In Touch

Automotive brake assist system, also known as emergency brake assist system, is utilized to enhance braking pressure in case of an emergency. The brake assists system is an advance driver assistance system that is called to action when the vehicle is about to crash and the driver has to apply the brakes in an emergency. The emergency brake assists system is a complementary system for the anti-lock braking system that stops the vehicle more effectively. The brake assist system recognizes the force applied by the driver and if it exceeds the threshold set on the ECU, the ECU applies additional force in order to achieve the entire braking effect.

Larger braking distance and the distance travelled by the vehicle after applying brakes completely are prominent factors can cause vehicle accidents and even fatal injuries. Incorporation of the emergency brake assists system leads to significant reduction in the number of accidents caused due to larger braking distance. According to a study by Mercedes Benz, the brake assist system is capable of reducing the braking distance by 45% and hence, the technology has effectively avoided significant number of accidents. Consequently, the European Commission is likely to mandate the technology in all new vehicles sold in Europe in 2009. According to data from the U.S. Insurance Institute for Highway Safety (IIHS), the brake assists system can eliminate 400,000 crashes occurring each year in which driver reacted to stop the vehicle. According to the same data, about 3,000 fatal injuries occurred due to such accidents in the U.S. Therefore, consumer awareness about ADAS technologies, increased preference for in-vehicle safety and comfort, regulations implemented by governing bodies, and increased adoption from consumers due to increase in per capita income are driving the global emergency brake assists system market.

Major restraint to expansion of global automotive brake assist system market is its cost. Consequently, consumers with lower per capita income avoid incorporation of this technology in their vehicles. Moreover, the adoption of automatic braking system, which is capable of applying the brakes regardless of driver input is also a major restraint to the global brake assist system market.

The global automotive brake assist system market can be segmented based on type, vehicle type, and region. In terms of type, the global automotive brake assist system market can be classified into two segments. Increasing vehicle electrification, high reliability of electronic components, and higher performance have boosted the demand for electronic brake assists system. Mechanical brake assists system utilizes fluid pressure to enhance the braking intensity. The electronic system is more reliable than the mechanical brake assists system, thus consumers as well vehicle manufacturers prefer the electronic brake assist system.

In terms of vehicle type, the global automotive brake assist system market can be classified into two segments. Rate of adoption of Advanced Driver Assistance Technologies (ADAS) is high in passenger vehicles, which is primarily attributed to the increased concern about in-vehicle safety and comfort. Increase in fatal injuries occurring in accidents, mandates from regulatory bodies, and increased awareness about driver assistance system and their advantages in reducing accidents are fueling the demand for brake assist systems in the passenger vehicle segment across the globe.

In terms of region, the global automotive brake assist system market can be segmented into five regions. Rate of adoption of advance driver assist systems is considerably high in North America and Europe, which has proven to be highly effective in reducing vehicle crashes and fatal injuries. According to researchers from France, the brake assists technology is able to reduce injuries in 11% of accidents and fatalities by about 7%. Considering the effectiveness of brake emergency brake assists system, the European Union has mandated all new vehicles being sold in Europe to be equipped with emergency brake assists system since 2009. Therefore, Europe accounted for a major share of the global automotive brake assist system market, in terms of revenue, in 2017. Rate of adoption of advanced technologies is rising in countries in Asia Pacific, such as India and China. Increase in sales of vehicles in Asia Pacific and rise in per capita income due to increased number of working people coupled with awareness and preference toward advance automotive technologies are likely to offer lucrative opportunities to the automotive brake assist system market in Asia Pacific.

Key players operating in the global automotive brake assist system market include Continental AG, Robert Bosch GmbH, WABCO Holdings Inc., Dana Limited, Mobileye, ZF Friedrichshafen AG, Hitachi Automotive Systems, Ltd, and AISIN SEIKI Co., Ltd.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Automotive Brake Assist System Market

Pre Book