Autonomous Emergency Braking (AEB) System Market Size & Growth Analysis Report, 2022-2028

The global autonomous emergency braking (AEB) system market is anticipated to grow at a significant CAGR of 20.2% during the forecast period (2022-2028). The industry is being driven by customers' growing interest in autonomous emergency braking systems, which has been fueled by an increase in the frequency of road accidents. To avoid road accidents, governments around the globe are promoting a variety of safety elements. The market is being driven by rising disposable income and a shift in customer preferences toward cars with a lot of safety features. During the projection period, the passenger car category is expected to lead the market.

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Every year, around 1.25 million people are killed in road accidents, with developing countries accounting for the majority of the victims. Many governments throughout the world have begun enacting strict laws in order to reduce the number of traffic accidents. Major automakers began investing in research and development to produce improved technologies. Increasing concerns about vehicle safety, rising adoption of advanced braking systems, advanced AI-powered systems, and government vehicle safety norms, as well as global vehicle production growth, are expected to support the automotive autonomous emergency braking system market during the forecast period.

In terms of crash avoidance and mitigation, advanced emergency braking systems (AEBS) offer a lot of potentials. The primary goal of AEBS is to avoid or at the very least lessen a collision with a car ahead of you or a stopped vehicle. This can be accomplished by either alerting the driver or, if necessary, braking the car autonomously. Pedestrians, bicyclists, and other road users are also addressed by systems with increased functions. The benefits of AEBS are boosting its acceptance rate over the globe. For instance, the technical requirements for the approval of "vehicle-to-vehicle" and "vehicle-to-pedestrian" AEBS installed on cars will be laid forth in a draught UN Regulation issued at UNECE. Sensors are used in these systems to monitor the closeness of the vehicle or person in front of them and detect circumstances when the relative speed and distance between the two cars, or between the vehicle and the pedestrian, indicate that a collision is imminent. If the driver does not respond to the system's warning alerts, emergency braking will be used automatically to avoid or at least lessen the collision's impact.

Some major players in the market include Aisin Seiki Co. Ltd, Continental AG, Hyundai Mobis, Robert Bosch GmbH, and ZF Friendrichafen AG, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, Continental AG offers Electronic Emergency Brake Light (EEBL). Even when the driver's view is limited by other vehicles or bad weather, the system warns the driver of a strong braking incident in front. It also allows a car to broadcast a self-generated emergency braking event to other vehicles nearby.

Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Product Type
o By Technology
o By Vehicle Type

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Aisin Seiki Co. Ltd, Continental AG, Hyundai Mobis, Robert Bosch GmbH, ZF Friendrichafen AG, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Autonomous Emergency Braking (AEB) System Market Report by Segment

By Product Type
• Low-Speed AEBS
• High-Speed AEBS

By Technology
• Crash Imminent Braking
• Dynamic Brake Support

By Vehicle Type
• Passenger Vehicle
• Commercial Vehicle

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This release was published on openPR.