Autonomous Emergency Braking (AEB) System Market

Introduction: - 

The market for Autonomous Emergency Braking (AEB) has grown significantly due to the growing concern for road safety and advancements in automotive technology. AEB systems are designed to improve vehicle safety by braking automatically to avoid or mitigate collisions. This technology uses sensors, cameras and radar to detect potential collisions with other vehicles, pedestrians or obstacles, reducing the severity of accidents or avoiding them altogether.

The main drivers of market growth are strict safety requirements imposed by governments worldwide, increasing consumer awareness of vehicle safety features, and the integration of AEB systems as standard equipment in new vehicles in various price segments. In addition, the development of artificial intelligence and machine learning will further increase the efficiency and reliability of AEB systems. The market is characterized by fierce competition between car manufacturers and technology providers to provide innovations and advanced security solutions. As the demand for safer driving experiences increases, the market for AEB systems is expected to grow steadily in the coming years.

The global Autonomous Emergency Braking (AEB) System Market value was 63.83 billion in 2023, it is Expected to Hit 119.57 billion 2032 with CAGR of 6.80%

Autonomous Emergency Braking (AEB) System Market

Size, by Product, - (USD Billion)

Low-speed AEB

High-speed AEB

Pedestrian AEB

Cyclist AEB

Other Products

The Market will Grow

At the CAGR of:

6.80%

The Forecast Market

Size for in USD:

$119.57 billion

Market Dynamics: -

Autonomous emergency braking (AEB) market dynamics are driven by stringent safety regulations, increasing consumer demand for advanced driver assistance systems (ADAS), and efforts by automakers to improve vehicle safety ratings. Technological advancements such as integration with other ADAS functions and advanced sensor capabilities will shape the growth of the market. In addition, R&D partnerships between automakers and technology providers accelerate innovation. The market is also influenced by growing consumer awareness of the benefits of AEB systems in reducing accidents and insurance costs, which is driving their adoption in developed and developing markets.

Market drivers: -

The increase in the number of road accidents and the focus on road safety is expected to increase the demand for the products:

Increasing attention to road safety and understanding of the benefits of advanced driver assistance systems (ADAS) has led to widespread acceptance of autonomous emergency braking. Governments and regulatory bodies around the world actively support, and in some cases require, the integration of AEB into vehicles to reduce accidents and save lives.

In addition, the increase in distracted driving, largely due to the widespread use of mobile devices, highlights the need for automatic safety features such as AEB. This system acts as a safeguard and intervenes when the driver may not be able to react quickly. In addition, insurance companies recognize the effectiveness of AEB in mitigating the severity of accidents and as a result offer incentives or discounts to vehicle owners who have this function integrated.

Key stakeholders: -

• Automobile Manufacturers
• Technology Providers
• Research and Development Entities
• Regulatory Authorities
• Insurance Companies
• Consumers
• Industry Associations and Standards Organizations
• Supply Chain Partners
• Investors and Financial Institutions
• Aftermarket Service Providers

Top Market Companies: -

• Mobileye
• Autolov Inc.
• Hyundai Mobis
• Aisin Seiki Co., Ltd.
• Hitachi Automotives Systems, Ltd.
• Mando Corporation
• Robert Bosch GmbH
• Continental Ag
• Delphi Automotive LLP
• ZF Friedrichshafen AG

Segment Overview: -

By Types

• Low-speed AEB
• High-speed AEB
• Pedestrian AEB
• Cyclist AEB

By Applications:

• Passenger Vehicles
• Commercial Vehicles
• Off-road Vehicles

Regions:

• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America

End-User Insights: -

End users, both consumers and businesses, play a crucial role in providing feedback and insights on the deployment and use of Autonomous Emergency Braking (AEB) technology. Safety is a top priority for end users, who value AEB as a key feature that can prevent or reduce accidents. However, consumer awareness and understanding of AEB technology varies, highlighting the importance of education and training initiatives.

End users see AEB systems as beneficial in terms of reducing accident risk, lowering insurance premiums, and potential savings on repair costs. Cost considerations, effectiveness, reliability, user experience, and integration with other functions are also key factors that influence end-user satisfaction with AEB technology. Regulatory mandates and market demand for safer vehicles are driving the integration and improvement of AEB systems.

Collecting feedback from end users on AEB performance and usability is essential for manufacturers and developers to continuously improve and innovate in response to consumer needs and preferences. Stakeholders in the industry can leverage this knowledge to enhance the adoption and advancement of AEB technology in the market.

Autonomous Emergency Braking (AEB) System Market

Share, by end user, (USD Billion)

63.83 billion%

Passenger Vehicles

Commercial Vehicles

Off-road Vehicles

Others

Other End-Users

119.57 billion

Total Market Size

USD (Billion),

6.80%

CAGR

-

Key Market trends: -

Key market trends for Autonomous Emergency Braking (AEB) include integration with other ADAS, global adoption due to safety regulations, advancements in technology like sensors and AI, increasing consumer awareness of safety benefits, and market expansion into emerging markets and vehicle segments. These trends highlight the growing importance of AEB systems in improving vehicle safety, driving demand for this technology in the automotive industry.

Porter’s Analysis: -

Porter's five forces framework provides a blueprint for understanding the behavior of competitors and a player's strategic positioning in the respective industry. This section evaluates the different external factors that will impact competitive position over the coming years. This will be analyzed through 5 main factors such as:

• Competitive Rivalry
• Threat of New Entry
• Threat of Substitution
• Supplier Bargaining Power

Regional insights: -

The North America region holds the largest market share in the global autonomous emergency braking systems market in 2022 and is expected to maintain this position. Countries in North America, such as the United States, are mandating the use of AEBS in vehicles to enhance safety for drivers and vehicles, driving market growth. The U.S. has made AEBS a standard safety feature on all vehicles by 2022, creating opportunities in the market, especially with the increasing demand for luxury vehicles. In addition, an agreement between NHTSA, the US Department of Transportation, and major automakers has made AEBS mandatory in all new vehicles by 2022. Asia Pacific is predicted to be the fastest-growing region in the market, with factors like reduced collisions and increased passenger car registrations driving market expansion. Transport Canada is also evaluating AEB technology in new vehicles to assess their safety benefits in Canadian climates.

Autonomous Emergency Braking (AEB) System Market

Size, by Product, - (USD Billion)

The Market will Grow

At the CAGR of:

6.80%

The Forecast Market

Size for in USD:

$119.57 billion

Market opportunity: -

The market opportunity for Autonomous Emergency Braking (AEB) is to address the growing global road safety issues. With regulatory support and growing consumer demand for safer vehicles, there is a significant opportunity for automakers, technology providers and insurers to innovate and integrate advanced AEB technologies. This includes improving system efficiency, expanding market access across vehicle segments, and leveraging potential reductions in accidents and insurance costs. As awareness and adoption increase, the market for AEB systems has grown significantly due to the need to improve overall vehicle safety standards worldwide.

Market Challenges: -

The Autonomous Emergency Braking (AEB) market faces challenges such as technological complexity, integration costs, and different regulatory standards across the globe. Consumer awareness and education about the benefits of AEB remain critical, as do concerns about system reliability and false positives. Automakers also face challenges in retrofitting older vehicle models with AEB and ensuring seamless integration with existing vehicle architecture. In addition, the competitive situation between technology providers and the need for continuous innovation increase the pressure. Addressing these challenges requires collaboration among stakeholders, standardization efforts, and continuous development of sensor technology and algorithms to improve AEB system performance and reliability.

Autonomous Emergency Braking (AEB) System Market TO (USD BN)

CAGR OF

6.80%

Autonomous Emergency Braking (AEB) System Market

119.57 billion %

Recent development: -

May 14, 2024  --- Hitachi Astemo, Ltd. (President & CEO: Kohei Takeuchi) will exhibit a wide range of cutting-edge products and solutions for the SDV*1 era at the Automotive Engineering Exposition 2024—Wednesday, May 22 to Friday, May 24 at PACIFICO Yokohama (Kanagawa Prefecture). Our exhibitions will include IoV,*2 xEV,*3 AD/ADAS,*4 advanced chassis technologies, as well as cross-domain integrated control technology; and motorcycle ADAS technology contributing to improved safety.

Frequently Asked Question (FAQ): -

Q1. What will be the CAGR of global automatic emergency braking market?

The global automatic emergency braking market size expected to drive growth at a CAGR of 6.80% over the forecast period 2023 to 2032.

Q2. Who are the major players operating in the automatic emergency braking market?

The major players operating in the automatic emergency braking market are Robert Bosch GmbH, Continental Ag, Delphi Automotive LLP, ZF Friedrichshafen AG, Mobileye, Autolov Inc., Hyundai Mobis, Aisin Seiki Co., Ltd., Hitachi Automotives Systems, Ltd., and Mando Corporation.

Q3. Which are the driving factors of the automatic emergency braking market?

Innovative technologies, such as self-driving or computerized driving is one of the growing trends in the AEB market. To grow in the developing markets cost factor is the major one that is to be kept in mind. Hence to grow in every country lowering the cost of the system and vehicle is the major factor that will offer prominent growth opportunities for the market players to strengthen their market position.

Q4. Which region will lead the global automatic emergency braking market?

Asia-Pacific is expected to dominate the automatic emergency braking market over the outlook period.