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To avoid complexity with the rising air traffic, generates demand for accurate and precise flight data and up gradation of the existing aircrafts with latest technology is anticipated to fuel the market growth. Technological innovation is one of the prominent strategies adopted by the market leaders to improve their market position.
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Increased use in modern passenger cars is trending the overall Autonomous Emergency Braking (AEB) System market. However, lack of functional clarity will restrain the market growth. APAC is going to emerge as one of the higher growth regions in the forecast period followed by North America and Europe. Japan and South Korea’s presence with their technological advancement, tremendous vehicle production in developing economies like China and India will fuel the Autonomous Emergency Braking (AEB) System market in the APAC region.
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However, the high cost of infrared imaging cameras, availability of competing technologies like thermal imaging, which is used in military applications where stealth is of utmost importance are the key factors restraining the market growth. Additionally, the infrared imaging system is unable to detect the difference in an object which has a very similar range of temperature which leads to inaccurate results.
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