The Global Autonomous Emergency Braking System Market was worth US$ 21.81 billion in 2022 and is anticipated to reach a valuation of US$ 68.08 billion by 2028 and is predicted to register a CAGR of 21.15% during 2023-2028.
The highest figures come from developing countries. Many governments around the world have started imposing strict regulations to curb the increase in traffic accidents. Major OEMs have begun to invest in R&D to develop superior technology. Growing concerns about vehicle safety, the increasing adoption of advanced braking systems, advanced artificial intelligence systems, and government vehicle safety standards, combined with the growth of vehicle production globally, are expected to help the Market for autonomous emergency braking systems for cars to grow over the forecast period.
Market Drivers:
The growing demand for autonomous vehicles, coupled with growing concerns for driver and passenger safety, will increase the size of the global Automatic Emergency Braking (AEB) industry. Vehicle owners are moving to advanced features such as adaptive cruise control, lane departure warning, forward collision warning with automatic emergency braking, and blind spot detection.
Market Restraints:
The lack of supporting infrastructure coupled with the higher costs associated with adding and maintaining these systems can limit the market value during the outlook period. Furthermore, the lack of a suitable frequency band to operate such electronic systems can adversely affect the performance of the system. However, governments are implementing new policies to offer low-frequency brands for automotive use.
Market Recent Developments:
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REPORT METRIC |
DETAILS |
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Market Size Available |
2022 – 2028 |
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Base Year |
2022 |
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Forecast Period |
2023 - 2028 |
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CAGR |
21.15% |
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Segments Covered |
By Product Type, Technology, Vehicle Type, and Region. |
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Various Analyses Covered |
Global, Regional and Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Robert Bosch GmbH, Continental AG, Delphi Automotive LLP, ZF Friedrichshafen AG, Mobileye, Autoliv Inc., Hyundai Mobis, Aisin Seiki Co., Ltd., Hitachi Automotive Systems, Ltd., and Mando Corporation., and Others. |
Market Segmentation:
The crash-imminent brake segment is likely to develop at a CAGR of 16.5% over the forecast period. The increasing use of imminent crash braking systems to avoid rear-end collisions will drive market demand through 2024. The incorporation of forward-looking sensors and forward collision warning system alerts will support industry proliferation during the conjecture period. The dynamic braking segment accounted for a sales share of more than 20% in 2017. The increasing adoption of these systems in the event of a potential collision supports the proliferation of the automatic emergency braking market during the foreseen period. Additionally, the reduction in tire and brake pad wear due to brake application further accelerates the expansion of the industry during the forecast period.
Commercial vehicles will experience 17% growth due to the benefits offered such as increased vehicle efficiency and reliable operation over a longer period of time. Increasing construction and commercial activities worldwide will drive the size of the Automatic Emergency Braking (AEB) market for commercial vehicles. Industry participants continually invest in R&D to introduce technologically advanced AVCs, supporting the proliferation of the industry through 2024. The hybrid and electric vehicle segment accounted for approximately $ 300 million in 2017. Regulations associated with the sale of these vehicles support the segment's growth through 2024. Less noise, greater power, and torque output are the main advantages Offered.
Market Regional Analysis:
The Global Autonomous Emergency Braking System Market Report includes the segmentation of regions:
North America has a significant share due to increasingly stringent vehicle safety regulations. Car manufacturers equip their older vehicle models with suitable equipment with anti-collision systems. In Europe, there has been an increase in sales of luxury vehicles, which has increased the demand for an autonomous emergency braking system. Germany, the United Kingdom, and France are the main countries in Europe that have driven the growth of the market.
Coronavirus has halted the progressions in the automobile sector due to the strict lockdown conditions. Many OEMs are now installing AEB systems in several medium and luxury cars. In 2017, Toyota equipped 50% of its vehicle fleet with an AEB system. With the increasing production of autonomous vehicles, which is expected to have a CAGR of over 21% during the forecasted period, this market is expected to have a high growth rate post-2020 due to the coronavirus outbreak slowing down the production volumes of the vehicles.
Production is nearly stagnant as governments have imposed closures and companies themselves have closed their factories to help break the chain of the coronavirus epidemic. Since these measures will remain in place until at least the end of March, companies will certainly lose a third of production during the month. The coronavirus disease has incited lockdown gauges that caused a huge interruption in business execution in the car business. Organizations' technique to end speculation and movement towards new advances in an offer to spare expense has hugely affected the development of future portability arrangements, for example, independent vehicles.
Market Key Players:
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