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Autonomous Emergency Braking Market Size, Share Analysis, Key Trends, Drivers And Forecast To 2033
Autonomous Emergency Braking Market Overview
Autonomous 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 $96.63 billion In 2028 At A CAGR Of 16.7% :
The autonomous emergency braking market size has grown rapidly in recent years. It will grow from $44.42 billion in 2023 to $52.18 billion in 2024 at a compound annual growth rate (CAGR) of 17.5%. The growth in the historic period can be attributed to environmental awareness, hybrid and electric vehicle adoption, government regulations on fuel efficiency, automotive industry competitiveness, rising awareness of road accidents.
The autonomous emergency braking market size is expected to see rapid growth in the next few years. It will grow to $96.63 billion in 2028 at a compound annual growth rate (CAGR) of 16.7%. The growth in the forecast period can be attributed to increased electric vehicle market, stricter emission standards, advancements in energy recovery systems, autonomous vehicle integration, consumer demand for sustainable technologies. Major trends in the forecast period include integration with advanced driver assistance systems (adas), development of pedestrian detection systems, use of artificial intelligence in emergency braking algorithms, expansion of aeb to commercial vehicles, standardization of aeb across automotive segments.
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Autonomous Emergency Braking Market Major Segments
The autonomous emergency braking market covered in this report is segmented -
1) By Vehicle Type: Passenger Cars, Commercial Vehicles
2) By Brake Type: Disc, Drum
3) By Technology: Crash Imminent Braking, Dynamic Braking Support
4) By System: Low Speed AEB System, Higher Speed AEB System, Pedestrian AEB System
Key Driver - Addressing The Surge In Accidents With The Autonomous Emergency Braking Market
The rising number of accidents is expected to propel the growth of the autonomous emergency braking market going forward. Accidents refer to any injury due to crashes involving a vehicle partially or fully on a public road. Autonomous emergency braking assists in recognizing when a potential collision is likely to happen and reacts by automatically applying the brakes to slow a vehicle down before impact or bring it to a stop to avoid a collision. For Instance, in January 2022, according to the Times of India, an Indian daily newspaper, road crashes rise by 10% in 2021, and over 400 died in accidents. The number of road accidents was 796 in 2020 which had increased to 874 in 2021. The number of fatal road accidents in 2020 was 347 which increased to 389 in 2021. Also, in 2020 375 people died in fatal road accidents which was increased to 409 in 2021. Therefore, the rising number of accidents is driving the growth of the autonomous emergency braking market.
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Prominent Trend - Pioneering The Future With Innovative Product Offerings In The Autonomous Emergency Braking Market
New product innovations have emerged as the key trend gaining popularity in the autonomous emergency braking market. Major companies operating in the autonomous emergency braking sector are focused on introducing product innovations to reinforce their position in the market. For instance, in April 2021, ZF Friedrichshafen AG, a Germany-based company that manufactures car parts for autonomous emergency breaks launched the OnGuardMAX system which is the most advanced autonomous emergency braking assistance system. It contains advanced object detection and autonomous braking capability further. This system also contains a state-of-the-art camera and radar sensor which helps the system autonomously detect the vehicles.
Autonomous Emergency Braking Market Players
Major companies operating in the autonomous emergency braking market report are Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, Mobileye NV, Autoliv Inc., Hyundai Mobis Co Ltd., Aisin Corporation, Hitachi Automotive Systems Pvt Ltd., Mando Corporation, Tesla Inc., Magna International Inc., DENSO Corporation, Valeo SA, General Motors Company, Delphi Technologies plc, Aptiv plc, WABCO Holdings Inc., Panasonic Corporation, Hella KGaA Hueck & Co., TRW Automotive Holdings Corp., Ficosa International SA, Knorr-Bremse AG, Bosch Rexroth AG, Zhejiang VIE Science & Technology Co Ltd., Autotalks Ltd., Cohda Wireless Pty Ltd., NXP Semiconductors NV, Texas Instruments Incorporated, STMicroelectronics NV, Infineon Technologies AG
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the autonomous emergency braking market in 2023. The regions covered in the autonomous 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. Autonomous Emergency Braking Market Report Structure
3. Autonomous Emergency Braking Market Trends And Strategies
4. Autonomous Emergency Braking Market - Macro Economic Scenario
5. Autonomous Emergency Braking Market Size And Growth
…..
27. Autonomous 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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