Press release
Automatic Emergency Braking Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
How Are the key drivers contributing to the expansion of the automatic emergency braking market?The increasing incidence of road mishaps is predicted to fuel the expansion of the automatic emergency braking market in the future. Road mishaps include any type of collision that involves a minimum of one moving vehicle on a publicly accessible road, causing injury or death to at least one individual. The rise in these accidents can be attributed to factors like increased distraction while driving, higher vehicle speeds, and insufficient infrastructure. Automatic emergency braking acts as a mitigator of road mishaps by applying brakes automatically, preventing collisions or lessening their impact. Systems like AEB use sensors such as radar, cameras, or LiDAR to keep an uninterrupted check on the road ahead for potential risks of collision. For example, in August 2022, the National Highway Traffic Safety Administration, a government agency based in the US, reported that the number of deaths due to traffic accidents in the first quarter of 2022 was 9,560. This figure was a 7% increase from the 8,935 casualties during a similar period in 2021. As such, it can be concluded that the automatic emergency braking market's evolution is being steered by the growing rate of road accidents.
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What growth opportunities are expected to drive the automatic emergency braking market's CAGR through 2034?
In recent times, the size of the automatic emergency braking market has expanded rapidly. It is projected to escalate from a valuation of $38.64 billion in 2024 to a substantial $43.81 billion in 2025, marking a compound annual growth rate (CAGR) of 13.4%. The historical period's growth lies in increasing traffic jams, coordination with vehicle-to-vehicle communication, rising urbanization trends, vehicular electrification, and concerns about the environment.
Expectations indicate rapid expansion for the automatic emergency braking market in the upcoming years, reaching a worth of $71.56 billion in 2029, boasting a CAGR of 13.0%. Factors contributing to this predicted growth within the forecast period include fleet management applications, an increase in electric vehicles (EVs), partnerships with original equipment manufacturers, and a shift in focus towards fuel efficiency. Notable trends for this period are the incorporation of AI and machine learning, a rising trend in customization and personalization, the broadening scope of the autonomous emergency braking (AEB), heightened attention to vulnerable road users, alongside the technological advances in pedestrian and cyclist detection.
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What new trends are reshaping the automatic emergency braking market and its opportunities?
Leading businesses within the automatic emergency braking market are progressively aiming to invent novel solutions such as end-to-end technology to accelerate their market revenue. The implementation of such technology in the automotive industry's AEB systems, boosts a vehicle's capacity to identify and avert likely collisions with other vehicles, bicyclists, or pedestrians crossing diagonally. For instance, in July 2024, the Chinese car manufacturing company, Nio Inc., launched its newest software update, the Banyan 2.6.5 CN system. This update is centered around merging sophisticated Artificial Intelligence technologies into core safety elements, specifically Automatic Emergency Braking (AEB) and navigation systems. The update additionally augments NIO's Navigate on Pilot Plus (NOP+) feature, facilitating improved navigation across different driving situations. The goal behind this enhancement is to offer a seamless and dependable driving experience.
Which growth-oriented segments of the automatic emergency braking market are leading the industry's development?
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
Subsegments:
1) By Forward Collision Warning: Radar-Based Forward Collision Warning, Camera-Based Forward Collision Warning, LiDAR-Based Forward Collision Warning
2) By Dynamic Brake Support: Dynamic Brake Assist for Pedestrian Detection, Dynamic Brake Assist For Vehicle Collision, Adaptive Brake Support For Various Speeds
3) By Crash Imminent Braking: Full Braking For Imminent Collisions, Partial Braking For Collision Mitigation, Pedestrian Impact Prevention
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What regions are leading the charge in the automatic emergency braking market?
Asia-Pacific was the largest region in the automatic emergency braking market in 2024. 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.
What companies are at the forefront of innovation in the automatic emergency braking market?
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
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What Is Covered In The Automatic Emergency Braking Global Market Report?
• Market Size Forecast: Examine the automatic emergency braking market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the automatic emergency braking market for a structured understanding.
• Key Players Overview: Analyze major players in the automatic emergency braking market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automatic emergency braking market.
• Segment Contributions: Evaluate how different segments drive overall growth in the automatic emergency braking market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automatic emergency braking market.
• Industry Challenges: Identify potential risks and obstacles affecting the automatic emergency braking market.
• Competitive Landscape: Review strategic developments in the automatic emergency braking market, including expansions, agreements, and new product launches.
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