Automotive Automotive Brake System Market | Page 3

vehicle to save maximum number of lives. For instance, The U.S. National
Highway Traffic Safety Administration (NHTSA) signed an agreement with
major automakers to add the automatic braking technology in every new
manufactured vehicle by the end of 2022. Further, such initiatives are likely
to bolster the growth of automobile automatic braking system market
across the globe.
Rising Safety Concerns
The safety concerns amongst consumers are increasing which in turn
escalating the demand for every possible safety features to be installed in
vehicles. Further, rising safety concerns amongst the consumers is likely to
bolster the growth of global market in near future. However, additional cost
associated with installation of automatic braking system and lack of
stringent government regulations is likely to inhibit the growth of the
automobile automatic braking system market in the near future.
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The report titled “Automobile Automatic Braking System Market :
Global Demand Analysis & Opportunity Outlook 2024” delivers
detailed overview of the global automobile automatic braking system
market in terms of market segmentation by product type, by type, by
vehicle class and by region. Further, for the in-depth analysis, the report
encompasses the industry growth drivers, restraints, supply and demand
risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the
key players of the global automobile automatic braking system market
which includes company profiling of Some of the automakers engaged in
development of automobile automatic braking system: Toyota Motor Corp.,
General Motors Co, Ford Motor Co., Fiat Chrysler Automobiles NV, Honda
Motor Co, Volkswagen AG, Nissan, Audi, Jaguar Land Rover and Lexus.
The profiling enfolds key information of the companies which encompasses
business overview, products and services, key financials and recent news
and developments. On the whole, the report depicts detailed overview of
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