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Automatic Emergency Braking Market Size, Opportunities And Strategies 2024-2033

05-20-2024 08:40 AM CET | Logistics & Transport

Press release from: The Business research company

Automatic Emergency Braking Market

Automatic Emergency Braking Market

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Automatic Emergency Braking Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $63.27 Bn In 2028 At A CAGR Of 13.1% :

The automatic emergency braking market size has grown rapidly in recent years. It will grow from $34.23 billion in 2023 to $38.64 billion in 2024 at a compound annual growth rate (CAGR) of 12.9%. The growth in the historic period can be attributed to rising traffic congestion, integration with vehicle-to-vehicle communication, urbanization trends, vehicle electrification, and environmental concerns.

The automatic emergency braking market size is expected to see rapid growth in the next few years. It will grow to $63.27 billion in 2028 at a compound annual growth rate (CAGR) of 13.1%. The growth in the forecast period can be attributed to fleet management applications, growth of electric vehicles (EVs), original equipment manufacturers partnerships, and focus on fuel efficiency. Major trends in the forecast period include integration of AI and machine learning, customization and personalization, expansion of autonomous emergency braking (AEB), focus on vulnerable road users, and development of pedestrian and cyclist detection.

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Automatic Emergency Braking Market Major Segments
The automatic emergency braking market covered in this report is segmented -

1) By Type: Forward Collision Warning, Dynamic Brake Support, Crash Imminent Braking
2) By Brake: Disc, Drum
3) By Application: Passenger Vehicles, Commercial Vehicles

Key Driver - Rising Road Accidents Fuel Growth In The Automatic Emergency Braking Market

The rising number of road accidents is expected to propel the growth of the automatic emergency braking market going forward. Road accidents refer to any collision involving at least one moving vehicle on a public or private road that is accessible to the general public and that leaves at least one person hurt or dead. Road accidents are rising due to factors such as increased distracted driving, higher vehicle speeds, and inadequate infrastructure. Automatic emergency braking helps mitigate road accidents by automatically applying brakes to prevent collisions or reduce their severity. AEB systems use sensors, such as radar, cameras, or LiDAR, to continuously monitor the road ahead for potential collision risks. For instance, in August 2022, according to the National Highway Traffic Safety Administration, a US-based government agency, 9,560 individuals died in traffic accidents in the first quarter of 2022, an increase of 7% compared to the 8,935 fatalities for the same period in 2021. Therefore, the rising number of road accidents is driving the growth of the automatic emergency braking market.

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Prominent Trend - Focus on Advanced Autonomous Emergency Braking Systems Drives Innovation In The Market

Major companies operating in the automatic emergency braking market are increasing their focus on developing new solutions, such as advanced autonomous emergency braking systems, to boost their revenue in the market. Advanced autonomous emergency braking systems are utilized in automatic emergency braking to enhance vehicle safety and prevent accidents. For instance, in April 2021, ZF Friedrichshafen AG, a Germany-based engineering company, launched OnGuardMAX, an automatic emergency braking system designed specifically for commercial vehicles. The system can detect, classify, and respond to moving and stationary objects such as vehicles, motorcycles, bicycles, and pedestrians. The driver is warned of imminent collisions, and if necessary, the system will autonomously bring the vehicle to a complete stop. This feature is especially important for preventing accidents involving pedestrians and enhancing road safety. The system can automatically initiate emergency braking at speeds of up to 80 km/h to prevent collisions, making it an essential safety feature for commercial vehicles.

Automatic Emergency Braking Market Players
Major companies operating in the automatic emergency braking market are Volkswagen AG, Toyota Motor Corporation, Ford Motor Company, Mercedes-Benz, General Motors Company, Bayerische Motoren Werke AG (BMW), Honda Motor Co. Ltd., Hyundai Motor Company, Robert Bosch GmbH, Hitachi Automotives Systems Ltd., Tesla Inc., Siemens AG, ZF Friedrichshafen AG, Denso Corporation, AB Volvo, Continental AG, Magna International Inc., AISIN SEIKI Co. Ltd., Valeo SA, Autoliv Inc., Mando Corporation, Mobileye Global Inc, Delphi Technologies

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/automatic-emergency-braking-global-market-report

Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the automatic emergency braking market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the automatic emergency braking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Automatic Emergency Braking Market Report Structure
3. Automatic Emergency Braking Market Trends And Strategies
4. Automatic Emergency Braking Market - Macro Economic Scenario
5. Automatic Emergency Braking Market Size And Growth
…..
27. Automatic Emergency Braking Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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