Overview and Scope
Autonomous emergency braking refers to an automatic braking system that constantly keeps track of the road. Using this type of system in cars and heavy trucks helps to control road accidents. The autonomous emergency braking is mostly used in cars that automatically apply the brake if the driver fails to respond to a sudden threat.
Sizing and Forecast
The autonomous emergency braking market size has grown rapidly in recent years. It will grow from $44.42 billion in 2023 to $52.18 billion in 2024 at a compound annual growth rate (CAGR) of 17.5%. The growth in the historic period can be attributed to environmental awareness, hybrid and electric vehicle adoption, government regulations on fuel efficiency, automotive industry competitiveness, rising awareness of road accidents.
The autonomous emergency braking market size is expected to see rapid growth in the next few years. It will grow to $96.63 billion in 2028 at a compound annual growth rate (CAGR) of 16.7%. The growth in the forecast period can be attributed to increased electric vehicle market, stricter emission standards, advancements in energy recovery systems, autonomous vehicle integration, consumer demand for sustainable technologies. Major trends in the forecast period include integration with advanced driver assistance systems (adas), development of pedestrian detection systems, use of artificial intelligence in emergency braking algorithms, expansion of aeb to commercial vehicles, standardization of aeb across automotive segments.
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Segmentation & Regional Insights
The autonomous emergency braking market covered in this report is segmented –
1) By Vehicle Type: Passenger Cars, Commercial Vehicles
2) By Brake Type: Disc, Drum
3) By Technology: Crash Imminent Braking, Dynamic Braking Support
4) By System: Low Speed AEB System, Higher Speed AEB System, Pedestrian AEB System
Asia-Pacific was the largest region in the autonomous emergency braking market in 2023. The regions covered in the autonomous emergency braking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rising number of accidents is expected to propel the growth of the autonomous emergency braking market going forward. Accidents refer to any injury due to crashes involving a vehicle partially or fully on a public road. Autonomous emergency braking assists in recognizing when a potential collision is likely to happen and reacts by automatically applying the brakes to slow a vehicle down before impact or bring it to a stop to avoid a collision. For Instance, in January 2022, according to the Times of India, an Indian daily newspaper, road crashes rise by 10% in 2021, and over 400 died in accidents. The number of road accidents was 796 in 2020 which had increased to 874 in 2021. The number of fatal road accidents in 2020 was 347 which increased to 389 in 2021. Also, in 2020 375 people died in fatal road accidents which was increased to 409 in 2021. Therefore, the rising number of accidents is driving the growth of the autonomous emergency braking market.
Key Industry Players
Major companies operating in the autonomous emergency braking market report are Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, Mobileye NV, Autoliv Inc., Hyundai Mobis Co Ltd., Aisin Corporation, Hitachi Automotive Systems Pvt Ltd., Mando Corporation, Tesla Inc., Magna International Inc., DENSO Corporation, Valeo SA, General Motors Company, Delphi Technologies plc, Aptiv plc, WABCO Holdings Inc., Panasonic Corporation, Hella KGaA Hueck & Co., TRW Automotive Holdings Corp., Ficosa International SA, Knorr-Bremse AG, Bosch Rexroth AG, Zhejiang VIE Science & Technology Co Ltd., Autotalks Ltd., Cohda Wireless Pty Ltd., NXP Semiconductors NV, Texas Instruments Incorporated, STMicroelectronics NV, Infineon Technologies AG
The autonomous emergency braking market report table of contents includes:
1. Executive Summary
2.Autonomous Emergency Braking Market Characteristics
3.Autonomous Emergency Braking Market Trends And Strategies
4. Autonomous Emergency Braking market analysis
5.Autonomous Emergency Braking Market Size And Growth
6.Autonomous Emergency Braking Segmentation
7.Autonomous Emergency Braking Regional And Country Analysis
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27.Autonomous Emergency Braking Competitive Landscape And Company Profiles
28.Autonomous Emergency Braking Key Mergers And Acquisitions
29.Autonomous Emergency Braking Future Outlook and Potential Analysis
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