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Surging Cases Of Road Accidents Fuels Growth In The Automotive Autonomous Emergency Braking System Market Driver: A Major Catalyst in the Evolution of the Automotive Autonomous Emergency Braking System Market in 2025
Automotive Autonomous Emergency Braking System Market
The automotive autonomous emergency braking system market has expanded exponentially in recent years. It is expected to grow from $26.53 billion in 2024 to $33.03 billion in 2025, registering a CAGR of 24.5%. The historical growth was driven by stricter safety regulations, increasing consumer awareness, shifts in the automotive sector, industry dynamics, and the push for reduced insurance premiums.
The automotive autonomous emergency braking system market is expected to grow exponentially, reaching $78.48 billion by 2029 with a CAGR of 24.2%. This growth is attributed to global safety standards, rising consumer demand, ongoing technology improvements, growing vehicle sales, and insurance incentives. Trends include integration with ADAS, expansion into commercial vehicles, multi-sensor fusion systems, enhanced pedestrian and cyclist detection, and integration with V2X communication.
What Are the Key Drivers Behind the Growth of the Automotive Autonomous Emergency Braking System Market?
The rising incidents of road accidents are expected to propel the growth of the automotive autonomous emergency braking (AEB) system market. AEB systems automatically apply brakes to prevent or mitigate accidents. Road accidents are on the rise due to factors such as distracted driving and adverse weather. For example, Transport.ec.europa.eu reported in March 2024 that 20,400 people died in road crashes in the EU in 2023, with over 2,000 cyclists killed in 2022. The growing need for safety measures in response to road accidents is driving the growth of the automotive AEB system market.
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Who Are the Major Industry Players Fueling Automotive Autonomous Emergency Braking System Market Expansion?
Major companies operating in the automotive autonomous emergency braking system market are Hyundai Motor Company, Robert Bosch GmbH, Hitachi Ltd., Panasonic Corporation, Denso Corporation, AB Volvo, ZF Friedrichshafen AG, Continental AG, Mitsubishi Electric Corporation, Aisin Seiki Co. Ltd., NVIDIA Corporation, Subaru, Valeo SA, Texas Instruments Incorporated, Aptiv PLC, TRW Automotive Holdings Corp., Infineon Technologies AG, NXP Semiconductors N.V., Renesas Electronics Corporation, Autoliv Inc., Hella GmbH & Co. KGaA, Gentex Corporation, Delphi Automotive PLC, Magneti Marelli S.p.A.
Which Key Developments Are Influencing the Automotive Autonomous Emergency Braking System Market?
Major companies in the automotive autonomous emergency braking system market are innovating with enhanced sensor integration and AI-driven braking algorithms to improve vehicle safety. For instance, in April 2024, Mobileye Global Inc., an Israel-based autonomous driving company, launched the EyeQ6 Lite system-on-chip, designed to enhance advanced driver-assistance systems (ADAS) in vehicles. The EyeQ6 Lite enables features like lane-changing and automated cruise control, improving overall driving safety.
How Is the Segmentation of the Automotive Autonomous Emergency Braking System Market Defined?
The automotive autonomous emergency braking system market covered in this report is segmented -
1) By System: Low-Speed Autonomous Emergency Braking System, High-Speed Autonomous Emergency Braking System
2) By Technology: Light Detection And Ranging (LiDAR), Radar, Camera
3) By Vehicle Type: Passenger Car, Commercial Vehicle
Subsegments:
1) By Low-Speed Autonomous Emergency Braking System: Urban Or City Traffic AEB, Parking AEB, Pedestrian Detection AEB, Low-Speed Collision Prevention AEB
2) By High-Speed Autonomous Emergency Braking System: Highway AEB, Adaptive Cruise Control AEB, Rear-End Collision Prevention AEB, Automatic Emergency Braking For Vehicles, Inter-Vehicle Distance AEB
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What Is the Leading Region in the Automotive Autonomous Emergency Braking System Market?
North America was the largest region in the automotive autonomous emergency braking system market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive autonomous emergency braking system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Automotive Autonomous Emergency Braking System Global Market Report?
- Market Size Analysis: Analyze the Automotive Autonomous Emergency Braking System Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive Autonomous Emergency Braking System Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automotive Autonomous Emergency Braking System Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive Autonomous Emergency Braking System Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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