Autonomous Emergency Braking System Market Demand Makes Room for New Growth Story | Continental AG, Denso,Hyundai
The study covers an in-depth overview of market dynamics, segmentation, product portfolio, business plans, and the latest developments in the industry. Staying on top of market trends & drivers always remains crucial for decision-makers and marketers to keep a hold of developing opportunities.
The "Global Autonomous Emergency Braking System Market" study report will provide valuable insight with an emphasis on the global market including some of the major players such as Robert Bosch GmbH (Germany), Continental AG (Germany), Denso Corporation (Japan), ZF Friedrichshafen AG (Germany), Hyundai Mobis Co., Ltd. (South Korea), Aisin Seiki Co., Ltd. (Japan), Valeo S.A. (France), Autoliv, Inc. (Sweden), Infineon Technologies AG (Germany), Knorr-Bremse AG (Germany)
The global Autonomous Emergency Braking System market is valued at USD 34.21 billion in 2023 and estimated to reach a revenue of USD 93.74 billion by 2029, with a CAGR of 17.57% from 2023 to 2029.
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Autonomous Emergency Braking System Market Overview
An Autonomous Emergency Braking System (AEB) is an advanced safety technology designed to enhance vehicle safety by helping to prevent or mitigate collisions. Also known as Automatic Emergency Braking or Collision Avoidance Systems, AEB systems use sensors, cameras, radar, or lidar to monitor the road ahead and detect potential collisions with other vehicles, pedestrians, or obstacles.
When the system identifies an imminent collision, it can autonomously apply the brakes to either reduce the severity of the impact or, in some cases, prevent the collision altogether. AEB systems are typically designed to work in various driving conditions and can operate at different speeds. Some systems are capable of detecting not only moving vehicles but also stationary objects and pedestrians.
Autonomous Emergency Braking System Market Competitive Landscape & Company Profiles
The competitive landscape and company profile chapters of the market report include a list of the major players operating in the market. Based on their financial statements, important developments, strategic approach to the market, position in the market, geographic penetration, and other important factors, the major players in the industry are assessed. The chapter also examines the competitive landscape, winning imperatives, current focus and strategies, and threats posed by rival companies for the top three to five market players. Additionally, the market study's list of companies can be tailored to the specific needs of the client. The report's section on the business environment includes information on the rankings of the top five companies as well as significant events like partnerships, mergers and acquisitions, new product launches, and recent developments.
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Many countries and regions were considering or implementing regulations to make AEB or similar collision avoidance systems mandatory in new vehicles. This was driven by a desire to improve overall road safety.
When the system detects an imminent collision with a vehicle, pedestrian, or obstacle, it activates the AEB.
Opportunities exist in providing training and education for drivers, mechanics, and first responders to understand and interact with vehicles equipped with AEB systems effectively.
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Autonomous Emergency Braking System Market: Segmentation
The Autonomous Emergency Braking System Market is Segmented by Global Autonomous Emergency Braking System Market Breakdown by Application (Forward Emergency Braking System, Multi-Directional Emergency Braking System, Reverse Emergency Braking System) by Type (Low Speed System, Higher Speed System, Pedestrian System) by Technology (LiDAR, RADAR, Camera) by Vehicle Type (Passenger Vehicles, Commercial Vehicles) by Component (Controllers, Sensors, Buzzers, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA).
Autonomous Emergency Braking System Market - Geographical Outlook
- the United States
- the United Kingdom
- Rest of Europe
Asia Pacific (APAC)
- South Korea
- Rest of Asia Pacific
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
- Rest of South America
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Based on market development and competitive position, this section analyzes the product or services' place in the market. In terms of early (historical), middle, and future innovation and technologies, it gives a summary of the phases of product growth in the market.
Value Chain Analysis
Value chain enables companies to monitor their operations and identify areas for competitive advantage. This section offers an analysis of a particular commodity or service from suppliers to end users via manufacturers and middlemen. This will support the business operations of the company in determining how it can gain a competitive edge.
This section offers a pricing trend analysis, both historical and projected, to assist in determining the cost of the product and/or services that are advantageous for businesses' product lifecycles. This section provides a qualitative and graphical analysis of pricing strategy to aid in the evaluation of products by both consumers and businesses.
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