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Emerging Trends Influencing The Growth Of The Automatic Emergency Braking Market: Focus on Advanced Autonomous Emergency Braking Systems Drives Innovation In The Market
The Automatic Emergency Braking Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].How Big Is the Automatic Emergency Braking Market Size Expected to Be by 2034?
The market size for automatic emergency braking has seen a swift expansion in recent years. The market, which was at $38.64 billion in 2024, is forecast to climb to $43.81 billion in 2025, reflecting a compound annual growth rate (CAGR) of 13.4%. Factors contributing to this growth during the historical period include increasing traffic congestion, incorporation of vehicle-to-vehicle communication, urbanization patterns, the widespread adoption of electric vehicles, and environmental considerations.
The market for automatic emergency braking is anticipated to experience robust growth in the forTH*Coming years. By 2029, its valuation is forecasted to increase to $71.56 billion, boasting a compound annual growth rate (CAGR) of 13.0%. Several factors were identified as key growth drivers during this forecast period, including the utilization for fleet management, the increased acceptance of electric vehicles (EVs), strategic partnerships of original equipment manufacturers, and a focus towards fuel efficiency. Notable trends to be witnessed during this period include the use of artificial intelligence and machine learning, personalized and customized approaches, expansion of autonomous emergency braking (AEB), attention to vulnerable road users, and the advancement of detection systems for pedestrians and cyclists.
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What Are the Emerging Segments Within the Automatic Emergency Braking Market?
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 Long-Term Drivers Are Shaping Automatic Emergency Braking Market Trends?
The automatic emergency braking market is anticipated to expand due to the escalating count of road mishaps. Road mishaps encompass any collisions involving at least one mobile vehicle on a road that is open to public use, resulting in injury or fatality to at least one person. Factors such as increased distracted driving, escalating vehicle speeds, and deficient infrastructure trigger these accidents. To lessen the impact of these mishaps, automatic emergency braking (AEB) systems come into play. These systems automatically apply brakes to avert or diminish the severity of collisions. They are equipped with sensors like radar, cameras, or LiDAR that incessantly survey the road ahead for possible collision hazards. For example, the National Highway Traffic Safety Administration, a government organization based in the U.S., reported in August 2022 that traffic accidents claimed 9,560 lives in the initial quarter of 2022. This represents a 7% surge compared to 8,935 deaths during the corresponding timeframe in 2021. Thus, the burgeoning road accidents are fueling the expansion of the automatic emergency braking market.
Who Are the Top Competitors in Key Automatic Emergency Braking Market Segments?
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
What Automatic Emergency Braking Market Trends Are Gaining Traction Across Different Segments?
Major businesses within the automatic emergency braking market are strongly focusing on the creation of new, innovational solutions, like comprehensive technology, to increase their market revenue. This kind of technology is being implemented in the AEB system within the motor industry, improving the vehicle's capability to identify and evade possible crash scenarios involving other cars, cyclists, and pedestrians who may cross at an angle in front of the vehicle. As an example, Nio Inc., an automobile manufacturing company based in China, launched its newest software update, the Banyan 2.6.5 CN system in July 2024. This specific update concentrates on incorporating superior AI technologies into significant safety aspects, notably Automatic Emergency Braking (AEB) and navigational systems. Additionally, the update further enhances NIO's Navigate on Pilot Plus (NOP+) feature, facilitating improved navigation in diverse driving situations. The objective of these enhancements is to enable a more consistent and smoother driving experience.
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Which Regions Are Becoming Hubs for Automatic Emergency Braking Market Innovation?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automatic Emergency Braking Market?
2. What is the CAGR expected in the Automatic Emergency Braking Market?
3. What Are the Key Innovations Transforming the Automatic Emergency Braking Industry?
4. Which Region Is Leading the Automatic Emergency Braking Market?
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