Press release
Autonomous Emergency Braking System Market Size, Share, Growth Forecast to 2032
The Autonomous Emergency Braking System Market was valued at USD 10.2 billion in 2022. It is projected to grow from USD 12.1 billion in 2023 to USD 49.6 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 19.23% during the forecast period (2023 - 2032). Increased sales of luxury vehicles and a rise in the number of accidents are the primary market drivers fueling market growth. An Autonomous emergency braking (AEBS) is a new safety technology progressively being fitted to vehicles, which monitors the traffic conditions ahead and mechanically brakes the car if the driver fails to respond to an emergency.
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AEB is seen by experts as a significant development as is the seat belt, but rather than defend the occupant in the event of a crash, it goals to prevent the crash from happening in the first place. The application of Autonomous emergency braking industry is affianced in advanced driver assistance systems (ADAS). The increase in consumer expenses, the execution of government plans, and the entrance of semi-autonomous cars are the factors driving the market growth.
Key Players
Continental AG (Germany)
Denso Corporation (Japan)
Robert Bosch (Germany)
Valeo (France)
Hyundai Mobis (South Korea)
Autoliv Inc (Sweden)
ZF Friedrichshafen (German)
Hitachi Automotive Systems (Japan)
Mando Corporation (South Korea)
Aisin Seiki Co (Japan)
Regional Analysis
Asia-Pacific is anticipated to dominate the market over the forecast period. Major countries such as Japan, India, and China have made it compulsory to install AEB in all variants of vehicles. The accessibility of raw materials at a very low cost is fuelling the sale and production of AEB in this region
Europe is anticipated to hold the second-largest position in the market. Strict government regulations imposed in this region have forced the manufacturers to accept safety equipment in all variants of the vehicles. Primary adoption of progressive technology in this region is also another factor contributing to the growth of this region in the market.
North America is expected to show maximum growth in the market. The existence of major key players in this region and rising awareness of consumers regarding the safety of vehicles is projected to fuel growth in this region.
Market Segmentation
The Global Autonomous emergency braking Market has been segmented into brake type, technology type, and vehicle type
Based on the brake type, The Global Autonomous emergency braking Market has been segmented into disc and drum. The disc brake segment is likely to dominate the market over the estimated period amid the increasing adoption of AEB in commercial vehicles and passenger cars. Many governments have compulsory safety norms on automotive manufacturers to reduce the stopping time of vehicles. Therefore, disc brakes are mostly used in most vehicles. Growing vehicular emissions is the prime reason for the installation of disc brakes, as these brakes are light in weight and decrease the overall weight of the vehicle. Hence, it decreases the emissions caused by vehicles. The drum brakes segment is anticipated to show steady growth in the market. Low maintenance and cost of vehicles are factors set to fuel the demand for drum brakes over the estimated period.
By Technology Type, The Global Autonomous emergency braking Market has been segmented into Crash Imminent Braking and Dynamic Braking Support. The crash imminent braking segment holds the largest AEB market share in technology type. This is a very progressive type of autonomous braking. Crash imminent braking is also integrated with a forward-collision warning system which provides vigorous information to the ECU about any vehicle or difficulty nearing the car. This, in turn, alerts the driver to smear brakes. If the driver fails to apply the brake within a definite time, the crash imminent braking system automatically applies the brakes and avoids collision of the vehicle. The increasing adoption of this system in passenger cars is serving to maintain its dominance. The dynamic braking system segment is anticipated to show steady growth during the forecast period.
Based on vehicle type, The Global Autonomous emergency braking Market has been segmented into passenger cars and commercial vehicles. The passenger car segment is anticipated to dominate the market over the estimated period. Severe regulations imposed by the governments to connect driver assistance systems in vehicles are fuelling the growth of this segment.
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AEB is seen by experts as a significant development as is the seat belt, but rather than defend the occupant in the event of a crash, it goals to prevent the crash from happening in the first place. The application of Autonomous emergency braking industry is affianced in advanced driver assistance systems (ADAS). The increase in consumer expenses, the execution of government plans, and the entrance of semi-autonomous cars are the factors driving the market growth.
Key Players
Continental AG (Germany)
Denso Corporation (Japan)
Robert Bosch (Germany)
Valeo (France)
Hyundai Mobis (South Korea)
Autoliv Inc (Sweden)
ZF Friedrichshafen (German)
Hitachi Automotive Systems (Japan)
Mando Corporation (South Korea)
Aisin Seiki Co (Japan)
Regional Analysis
Asia-Pacific is anticipated to dominate the market over the forecast period. Major countries such as Japan, India, and China have made it compulsory to install AEB in all variants of vehicles. The accessibility of raw materials at a very low cost is fuelling the sale and production of AEB in this region
Europe is anticipated to hold the second-largest position in the market. Strict government regulations imposed in this region have forced the manufacturers to accept safety equipment in all variants of the vehicles. Primary adoption of progressive technology in this region is also another factor contributing to the growth of this region in the market.
North America is expected to show maximum growth in the market. The existence of major key players in this region and rising awareness of consumers regarding the safety of vehicles is projected to fuel growth in this region.
Market Segmentation
The Global Autonomous emergency braking Market has been segmented into brake type, technology type, and vehicle type
Based on the brake type, The Global Autonomous emergency braking Market has been segmented into disc and drum. The disc brake segment is likely to dominate the market over the estimated period amid the increasing adoption of AEB in commercial vehicles and passenger cars. Many governments have compulsory safety norms on automotive manufacturers to reduce the stopping time of vehicles. Therefore, disc brakes are mostly used in most vehicles. Growing vehicular emissions is the prime reason for the installation of disc brakes, as these brakes are light in weight and decrease the overall weight of the vehicle. Hence, it decreases the emissions caused by vehicles. The drum brakes segment is anticipated to show steady growth in the market. Low maintenance and cost of vehicles are factors set to fuel the demand for drum brakes over the estimated period.
By Technology Type, The Global Autonomous emergency braking Market has been segmented into Crash Imminent Braking and Dynamic Braking Support. The crash imminent braking segment holds the largest AEB market share in technology type. This is a very progressive type of autonomous braking. Crash imminent braking is also integrated with a forward-collision warning system which provides vigorous information to the ECU about any vehicle or difficulty nearing the car. This, in turn, alerts the driver to smear brakes. If the driver fails to apply the brake within a definite time, the crash imminent braking system automatically applies the brakes and avoids collision of the vehicle. The increasing adoption of this system in passenger cars is serving to maintain its dominance. The dynamic braking system segment is anticipated to show steady growth during the forecast period.
Based on vehicle type, The Global Autonomous emergency braking Market has been segmented into passenger cars and commercial vehicles. The passenger car segment is anticipated to dominate the market over the estimated period. Severe regulations imposed by the governments to connect driver assistance systems in vehicles are fuelling the growth of this segment.
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact Us:
Market Research Future
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
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