Automatic Emergency Braking (AEB) Market Overview:
The Automatic Emergency Braking (AEB) Market analysis provides a full insight into the competition, including the market share and company profiles of the key worldwide rivals. The scope of the research covers a thorough investigation of the Automatic Emergency Braking (AEB) Market, as well as the causes for variances in the industry’s growth in different regions.
The Automatic Emergency Braking (AEB) Market was valued at US $ 12.79 Bn. in 2022. Global Automatic Emergency Braking (AEB) Market size is estimated to grow at a CAGR of 14.5%. The market is expected to reach a value of US $ 33.01 Bn in 2029.
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Market Scope:
Following the completion of market engineering, which comprised market statistics calculations, estimations of market size, market projections, market breakdown, and data triangulation, major primary research was conducted to obtain information and verify and validate critical numbers. Top-down and bottom-up strategies, as well as several data triangulation procedures, were often used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.
Segmentation:
Based on Brake, the market is sub-segmented into Disc and Drum. Due to increased AEB installation in commercial and passenger cars, the disc brake category accounted for over 65 % of the volume share in 2022. Furthermore, regulatory agencies like as the NHTSA are lowering minimum braking distance limits, which has a beneficial impact on product demand. Longer durability, decreased noise and warping, and greater thermal conductivity are just a few of the system’s benefits that will rocket the industry statistics even higher. The drum brakes segment is expected to increase at a rate of roughly 17% until 2029. The segment’s growth is being fueled by lower component costs and less maintenance requirements, the automatic emergency braking market is expected to grow as the applicability of these brakes extends across a wider range of cheap hatchbacks.
Based on Technology, the market is sub-segmented into Crash Imminent Braking, Dynamic Brake Support and Forward Collision Warning. Until 2029, the crash-imminent braking category will grow at a rate of over 16.5 %. The market share of automatic emergency braking will grow as more people use crash-imminent braking systems to avert rear-end collisions. Forward-looking sensors, in combination with forward collision warning system warnings, will propel the industry forward. In 2022, the dynamic emergency braking market accounted for almost 20% of total sales. The growing use of these technologies in the event of a collision is expected to move the market forward. Furthermore, the sector is growing because to the reduced wear and tear on tyres and brake pads as a result of uniform braking application.
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Key Players:
Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
• The biggest players in the Automatic Emergency Braking (AEB) Market are as follows:
• Volvo Car Corporation
• Tesla Inc.
• Ford Motor Company
• Daimler AG
• Audi AG
• BMW Group
• Volkswagen Group
• Toyota Motor Corporation
• Honda Motor Company Ltd
• Jaguar Land Rover Automotive Plc.
• Autoliv Inc.
• Continental AG
• Delphi Technologies
• Robert Bosch GmbH
• Mercedes Benz
• AB Volvo
• Siemens
• Mitsubishi Corporation
• General Motors.
• Mazda Motor Corporation
• Groupe PSA
• Hyundai Motor Corporation
• Magna International Inc.
• ZF TRW Automotive Inc
Regional Analysis:
Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Automatic Emergency Braking (AEB) Market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Automatic Emergency Braking (AEB) Market:
End-user industries where Automatic Emergency Braking (AEB) Market is utilized saw a dip in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of businesses working in these industries and, as a result, in demand for Automatic Emergency Braking (AEB) Market manufacturers, influencing the development of the Automatic Emergency Braking (AEB) Market in 2020. End-user business demand for Automatic Emergency Braking (AEB) Market has declined significantly as a result of lockdowns and an increase in COVID-19 events worldwide.
Key Questions Answered in the Automatic Emergency Braking (AEB) Market Report are:
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In 2021, which segment held the highest proportion of the Automatic Emergency Braking (AEB) Market?
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What is the Automatic Emergency Braking (AEB) Market’s competitive landscape?
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What are the primary drivers assisting the Automatic Emergency Braking (AEB) Market growth?
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Which region has the most market share in the Automatic Emergency Braking (AEB) Market?
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What will be the Automatic Emergency Braking (AEB) Market’s CAGR throughout the projected period?
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