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Autonomous Emergency Braking (AEB) System Market by Advance Technology, Future Outlook 2028

01-30-2023 12:51 PM CET | Industry, Real Estate & Construction

Press release from: Analytics Market Research

Global Autonomous Emergency Braking (AEB) System Market

Global Autonomous Emergency Braking (AEB) System Market

Autonomous Emergency Braking (AEB) System Market size was valued at USD 20.47 Billion in 2020 and is projected to reach USD 99.23 Billion by 2028 expanding at a CAGR of 22.04% from 2021 to 2028.

Autonomous emergency braking refers to advanced safety technology that monitors traffic situation and automatically brakes the vehicle when the driver is not capable of responding or fails to respond to an emergency condition. This significant technology is being installed in vehicles to prevent accidents to occur. This system also contributes to advanced driver assistance system (ADAS).

Autonomous Emergency Braking is an innovative safety system in vehicles designed to avoid low-speed collisions, or reduce the severity of an impact. A tiny stereo video camera mounted next to the rear-view mirror scans the road and senses when stationary or slow-moving traffic appears ahead. The system monitors the gap between you and the vehicle ahead, if this reduces and you do not react by applying the brakes, the system automatically applies maximum braking, using the Anti-lock braking system to slow the car as much as possible.

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Technology breakthroughs in the field of automobile autonomous emergency braking have increased the effectiveness of this system in improving vehicle efficiency. The need for automotive autonomous emergency braking (AEB) systems is being fueled by consumers' growing preference for vehicle engines built using cutting-edge technologies.

The fundamental driver of market expansion is the increase in consumer expenses. Our income provides the majority of the funding for the causes of consumer spending. Real earnings are a significant contributor to consumer spending, but other elements including interest rates, inflation, saving rates, and access to credit all have a role. The increased system installation in passenger cars is to blame for the increase in costs. The growth of the market is being fueled by the expansion of government mandated regulations due to safety concerns in the US and European nations. The automated energy-breaking mandate had received the support of more than 40 nations. Automatic emergency braking (AEB) will be required by UN Economic Commission for Europe regulations by 2023.

During the projection period, it is projected that an increase in accidents would fuel the market for autonomous emergency braking. Any injury resulting from collisions involving a vehicle wholly or partially on a public road is referred to as an accident. Autonomous emergency braking assists in spotting potential collisions and automatically applying the brakes to slow a moving object down before coming to a halt in order to prevent a collision. 

Global Autonomous Emergency Braking (AEB) System Market: Segmentations

Global Autonomous Emergency Braking (AEB) System Market: By Key Players
Bosch
Continental
ZF Friedrichshafen
Wabco
Delphi Automotive
Autoliv
DAF
Denso
Mobileye
Hyundai Mobis
Knorr-Bremse

Global Autonomous Emergency Braking (AEB) System Market: By Types
Camera
Fusion
LiDAR
Radar

Global Autonomous Emergency Braking (AEB) System Market: By Applications
Passenger Car
Commercial Vehicle

Global Autonomous Emergency Braking (AEB) System Market: Regional Analysis
The countries covered in the regional analysis of the Global Autonomous Emergency Braking (AEB) System market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Frequently Asked Questions (FAQ)

1. What is the size of Global Automotive Autonomous Emergency Braking (AEB) System Market ?
2. What is the growth rate of the Global Automotive Autonomous Emergency Braking (AEB) System Market ?
3. Which segment holds the highest share in the Global Automotive Autonomous Emergency Braking (AEB) System Market ?
4. What are the top companies in the Global Automotive Autonomous Emergency Braking (AEB) System Market ?
5. What are the driving factors for the Global Automotive Autonomous Emergency Braking (AEB) System Market ?

Reasons to Purchase this Report:

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

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