Automatic Emergency Steering System Market, Global Outlook and Forecast 2022-2028 Market Size and Market Trends: Complete Industry Overview (2024 to 2031

Automatic Emergency Steering System Market, Global Outlook and Forecast 2022-2028 Introduction

The Global Market Overview of "Automatic Emergency Steering System Market, Global Outlook and Forecast 2022-2028 Market" offers a unique insight into key market trends shaping the industry world-wide and in the largest markets. Written by some of our most experienced analysts, the Global Industrial Reports are designed to provide key industry performance trends, demand drivers, trade, leading companies and future trends. The Automatic Emergency Steering System Market, Global Outlook and Forecast 2022-2028 market is expected to grow annually by 12.8% (CAGR 2024 - 2031).

Automatic Emergency Steering System is a safety feature in vehicles that can automatically steer the vehicle to avoid collisions in emergency situations. The purpose of this system is to enhance driver safety and prevent accidents by providing assistance when a collision is imminent. The Global Outlook and Forecast for this market in 2022-2028 is promising, with an increasing demand for advanced safety features in vehicles.

Some advantages of the Automatic Emergency Steering System include improved vehicle safety, reduced risk of accidents, and potentially lower insurance premiums for drivers. This technology can have a significant impact on the market by driving innovation and increasing the adoption of autonomous driving features. Overall, the Automatic Emergency Steering System Market is expected to experience growth and expansion in the coming years as more automakers incorporate this technology into their vehicles.

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Market Trends in the Automatic Emergency Steering System Market, Global Outlook and Forecast 2022-2028 Market

- Adoption of advanced driver-assistance systems: Utilization of technologies like artificial intelligence and machine learning for more sophisticated emergency steering systems.

- Integration with connected car technology: Automatic emergency steering systems are increasingly connected to other vehicle systems and can communicate with the cloud for real-time updates and alerts.

- Emphasis on pedestrian safety: Manufacturers are focusing on developing systems that can detect and avoid collisions with pedestrians, enhancing overall safety.

- Shift towards autonomous driving: Growing interest in self-driving vehicles is driving the development of more advanced emergency steering systems to navigate complex driving scenarios.

- Regulatory standards: Stricter safety regulations and guidelines are pushing automakers to implement more sophisticated emergency steering systems to comply with industry standards and improve vehicle safety. The market is expected to witness considerable growth as these trends shape the industry, with a CAGR of over 10% predicted through 2028.

Market Segmentation

The Automatic Emergency Steering System Market, Global Outlook and Forecast 2022-2028 Market Analysis by types is segmented into:

• Manual Vehicle
• Semi-Autonomous Vehicle
• Autonomous Vehicle

The global Automatic Emergency Steering System market is segmented into manual vehicles, semi-autonomous vehicles, and autonomous vehicles. The growing demand for advanced safety features and the increasing adoption of self-driving technology in vehicles are driving the growth of this market. Automatic Emergency Steering Systems in semi-autonomous and autonomous vehicles provide enhanced safety by automatically steering the vehicle to avoid collisions. This technology helps in boosting the demand for the Automatic Emergency Steering System market as it enhances safety and provides peace of mind for consumers.

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The Automatic Emergency Steering System Market, Global Outlook and Forecast 2022-2028 Market Industry Research by Application is segmented into:

• Passenger Vehicle
• Commercial Vehicle

The Automatic Emergency Steering System Market, Global Outlook and Forecast 2022-2028 is utilized in both passenger vehicles and commercial vehicles to provide increased safety by automatically controlling the steering of the vehicle in emergency situations to avoid collisions. This technology helps reduce accidents and improve overall road safety. The fastest growing application segment in terms of revenue is expected to be in passenger vehicles, as there is a growing demand for advanced safety features in consumer vehicles to enhance driver and passenger protection.

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Geographical Spread and Market Dynamics of the Automatic Emergency Steering System Market, Global Outlook and Forecast 2022-2028 Market

The global Automatic Emergency Steering System Market is expected to grow at a significant rate from 2022 to 2028, driven by the increasing demand for advanced safety features in vehicles. North America and Europe are expected to be the leading markets, with key players such as ZF Friedrichshafen, Robert Bosch GmbH, Autoliv Inc., and others dominating the region.

In Asia-Pacific, countries like China, Japan, and India are projected to witness substantial growth in the market, primarily due to the increasing adoption of advanced driver assistance systems. Latin America is also emerging as a lucrative market, with Mexico, Brazil, and Argentina showing promising growth prospects. Middle East & Africa is also expected to witness growth in the market, with countries like Turkey, Saudi Arabia, and the UAE leading the way. Key players in the market are focusing on collaboration, partnerships, and product innovation to gain a competitive edge and capitalize on the market opportunities.

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Automatic Emergency Steering System Market, Global Outlook and Forecast 2022-2028 Market Growth Prospects and Market Forecast

The expected CAGR for the Automatic Emergency Steering System Market, Global Outlook and Forecast 2022-2028 Market is projected to be around 8-10% during the forecasted period. This growth can be attributed to the increasing focus on vehicle safety and the rising demand for advanced driver assistance systems (ADAS) in the automotive industry.

Innovative growth drivers for the market include the integration of artificial intelligence (AI) and machine learning algorithms in steering systems, which can enhance the accuracy and responsiveness of emergency steering maneuvers. Additionally, the development of sensor technologies such as LiDAR and radar systems for better detection of potential collision risks further drives market growth.

Deployment strategies that can increase growth prospects for the Automatic Emergency Steering System Market include partnerships and collaborations between automotive manufacturers and technology companies to develop more advanced and reliable steering systems. Furthermore, the adoption of autonomous driving technologies and the implementation of regulations mandating the inclusion of safety systems in vehicles can also drive market growth.

Overall, leveraging technological advancements and focusing on improving safety standards in vehicles are key strategies that can propel the growth of the Automatic Emergency Steering System Market during the forecasted period.

Automatic Emergency Steering System Market, Global Outlook and Forecast 2022-2028 Market: Competitive Intelligence

The global automatic emergency steering system market is highly competitive with key players such as ZF Friedrichshafen, Robert Bosch GmbH, Autoliv Inc., Nexteer Automotive, Delphi Automotive, Denso Corporation, Continental AG, Valeo, Knorr-Bremse AG, IMS Limited, Mando Corporation, Nissan Motor, Infineon Technologies, Hyundai Mobis, and Calsonic Kansei Corporation.

ZF Friedrichshafen is a leading player in the market with a strong reputation for innovation and quality. The company has a history of developing cutting-edge technologies for the automotive industry and has a strong market presence globally. Robert Bosch GmbH is another major player in the market with a focus on developing advanced safety systems for vehicles. Autoliv Inc. is a key player known for its expertise in passive and active safety systems. Nexteer Automotive is a prominent player in the market with a focus on developing innovative steering systems.

Sales revenue of select companies:

- ZF Friedrichshafen: $ billion

- Robert Bosch GmbH: $78.5 billion

- Autoliv Inc.: $8.65 billion

- Continental AG: $47.2 billion

These companies have strong market growth prospects due to increasing demand for advanced safety systems in vehicles. They are expected to continue investing in research and development to stay competitive in the market and capitalize on emerging opportunities. The global automatic emergency steering system market is expected to grow significantly in the coming years, driven by technological advancements and increasing emphasis on vehicle safety.

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