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Autonomous Emergency Braking Market Size Projected To Reach $111.65 Billion By 2034 With A Cagr Of 16.7%
Autonomous Emergency Braking
What Is the Projected Growth of the Autonomous Emergency Braking Market?
The market for autonomous emergency braking has seen a swift expansion in recent years. It is projected to grow from a market size of $51.51 billion in 2024 to $60.18 billion in 2025, with a compound annual growth rate (CAGR) of 16.8%. This growth during the historic period can be traced back to factors such as heightened environmental consciousness, the adoption of hybrid and electric vehicles, government fuel efficiency guidelines, competitiveness within the automotive sector, and increased awareness of road accidents.
The market for autonomous emergency braking is projected to experience swift expansion in the forthcoming years, with its size anticipated to reach $111.65 billion in 2029, growing at a compound annual growth rate (CAGR) of 16.7%. The predicted expansion during the forecast period is largely due to the rising electric vehicle market, stringent emission regulations, improvements in energy recovery systems, the incorporation of autonomous vehicles, and consumer preference for eco-friendly technologies. The main trends for the forecast period encompass integration with advanced driver assistance systems (ADAS), creation of pedestrian detection systems, application of artificial intelligence in the emergency brake system, broadening of AEB to encompass commercial vehicles, and standardizing AEB in various automotive segments.
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What Are the Different Autonomous Emergency Braking Market 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
Subsegments:
1) By Passenger Cars: Compact Cars, Sedans, SUVs, Electric Vehicles (EVs)
2) By Commercial Vehicles: Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs), Buses, Trucks
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What Are the Primary Drivers Shaping the Autonomous Emergency Braking Market?
The autonomous emergency braking market is expected to grow due to the increasing number of accidents. This refers to injuries resulting from collisions involving cars partially or entirely on a public road. The function of autonomous emergency braking is to identify a potential crash's possibility, responding by automatically applying the brakes to decelerate the vehicle before impact, or halt it entirely to prevent a collision. For instance, as reported by The Times of India, a daily newspaper in India, there was a 10% increase in road accidents in 2021 resulting in over 400 fatalities. In 2020, road accidents totalled 796, increasing to 874 in 2021. Fatal accidents in 2020 totaled 347, rising to 389 in 2021. Also, 375 individuals lost their lives in fatal accidents in 2020, a figure that rose to 409 in 2021. As a result, the autonomous emergency braking market's growth is being fueled by the escalating number of accidents.
Which Companies Are Leading in the Autonomous Emergency Braking Market?
Major companies operating in the autonomous emergency braking market include 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
What Are the Major Trends Shaping the Autonomous Emergency Braking Market?
The dominant entities in the autonomous emergency braking sector are moving towards strategic alliances for the conception, development, and production of innovative braking products. These strategic alliances enable businesses to utilize each other's strengths and resources for mutual benefits. As an example, Brakes India, an entity known for developing braking systems in India, entered into a partnership with ADVICS, a Japanese firm that develops autonomous emergency braking systems, in June 2024. This collaboration, a novel greenfield project, is anticipated to set up with an infusion of over INR 500 crore. Brakes India will maintain a 51% share, with ADVICS securing the remaining 49%. Located in the southern region of India, the project is predicted to generate more than 300 job opportunities in the upcoming years. The primary goal of this collaboration is to blend the localization expertise and customer relationships of Brakes India with the pioneering global technology and quality systems of ADVICS.
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What Are the Top Revenue-Generating Geographies in the Autonomous Emergency Braking Market?
Asia-Pacific was the largest region in the autonomous emergency braking market in 2024. The regions covered in the autonomous emergency braking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Autonomous Emergency Braking Market?
2. What is the CAGR expected in the Autonomous Emergency Braking Market?
3. What Are the Key Innovations Transforming the Autonomous Emergency Braking Industry?
4. Which Region Is Leading the Autonomous Emergency Braking Market?
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