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Autonomous Emergency Braking System (AEBS) Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Autonomous Emergency Braking System (AEBS)
What Is the Projected Growth of the Autonomous Emergency Braking System (AEBS) Market?
The market size for the autonomous emergency braking system (AEBS) has seen exponential growth in recent times. The market, valued at $38.47 billion in 2024, is projected to increase to $47.8 billion in 2025, with a compound annual growth rate (CAGR) of 24.3%. Factors contributing to the historical growth include rigorous safety regulations, heightened awareness about vehicle safety, the lure of decreased insurance premiums, partnerships with automotive safety groups, as well as a concentrated emphasis on the safety of pedestrians and cyclists.
In the upcoming years, the market size for the autonomous emergency braking system (AEBS) is projected to witness substantial growth, scaling to a valuation of $101.64 billion by 2029 at a CAGR of 20.8%. This anticipated upsurge during the forecast period is due to factors such as the international harmonization of safety standards, its incorporation into self-driving vehicle systems, compulsory integration in vehicle safety ratings, issues of urbanization and traffic management, and cooperation with the insurance sector. Primary trends to look out for in this period are amalgamation with advanced sensor technologies, application of AI algorithms, advanced detection and avoidance systems for cyclists, and the inclusion of vehicle-to-everything (v2x) communication.
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What Are the Different Autonomous Emergency Braking System (AEBS) Market Segments?
The autonomous emergency braking system (AEBS) market covered in this report is segmented -
1) By Product Type: Low-speed Autonomous Emergency Braking System, High-speed Autonomous Emergency Braking System
2) By Technology: Crash Imminent Braking, Dynamic Brake Support
3) By Vehicle Type: Passenger Vehicle, Commercial Vehicle
Subsegments:
1) By Low-speed Autonomous Emergency Braking System: City Speed AEBS, Parking Assist AEBS
2) By High-speed Autonomous Emergency Braking System: Highway Speed AEBS, Adaptive Cruise Control With AEBS
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What Are the Primary Drivers Shaping the Autonomous Emergency Braking System (AEBS) Market?
The burgeoning need for luxury autos is likely to spur the progress of the self-activating emergency brake system (AEBS) market in the future. High-end vehicles, renowned for their excellent comfort, advanced functionalities, and superior materials, often serve the primary purpose of rendering a luxury and exclusive driving experience. These luxury automobiles often include advanced automatic emergency braking systems, thereby prioritizing the safety of drivers and passengers by instantly applying brakes in emergencies. For example, BMW AG, a luxury car manufacturer based in Germany, reported an 11.5% increase in U.S. sales of its brand in Q2 2023 compared to Q2 2022 in its July 2023 financial reports. In Q2 2023, U.S. sales of the BMW brand reached a total of 87,948 vehicles, showing an 11.5% rise from the 78,905 vehicles sold in Q2 2022. Moreover, Cox Automotive, an auto services firm based in the U.S., stated in December 2022 that the proportion of luxury autos in overall sales grew to 18.2% in November 2022 from 17.8% in October 2022, maintaining a historic high. As a result, the escalating demand for luxury cars is propelling the progress of the autonomous emergency braking system (AEBS) market. Driver of Autonomous Emergency Braking System (AEBS) Market: Increasing Importance Of Autonomous Emergency Braking Systems (AEBS) in Reducing Road accidents
Which Companies Are Leading in the Autonomous Emergency Braking System (AEBS) Market?
Major companies operating in the autonomous emergency braking system (aebs) market report are General Motors Company, Mitsubishi Electric Corporation, Robert Bosch GmbH, Hitachi Ltd., DENSO Corporation, ZF Friedrichshafen AG, Continental AG, Hyundai Mobis Co. Ltd., Magna International Inc., Aisin Corporation, PACCAR Inc., Faurecia SE, Toshiba Corporation, Valeo SA, Aptiv PLC, Nidec Automotive Components, BorgWarner Inc., Samsung SDI, Infineon Technologies AG, Renesas Electronics Corporation, Autoliv Inc., NSK Ltd., Knorr-Bremse AG, HL Mando Corporation, Calsonic Kansei Corporation, WABCO Holdings Inc., Cepton Technologies Inc
What Trends Are Expected to Dominate the Autonomous Emergency Braking System (AEBS) Market in the Next 5 Years?
Prominent businesses in the autonomous emergency braking system (AEBS) market are concentrating on innovating advanced technologies, like artificial intelligence (AI)-based technology, to improve vehicular safety and responsiveness. AI-based technology involves the utilization of algorithms and machine learning methodologies to allow systems to mimic human intelligence. For example, PlusAI Inc., an American autonomous driving technology firm, introduced PlusProtect in May 2024. PlusProtect is an AI-based technology engineered to upgrade next-gen safety systems for a variety of vehicles. This cutting-edge software encompasses high-performing features such as automatic emergency braking (AEB), lane departure alerts, and traffic jam aid. It comes with self-calibrating sensors that consistently adapt to provide precise measurements and performance. This groundbreaking software is intended to assist global Tier 1 automotive suppliers and vehicle manufacturers in incorporating superior safety elements into their product line.
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What Are the Top Revenue-Generating Geographies in the Autonomous Emergency Braking System (AEBS) Market?
North America was the largest region in the autonomous emergency braking system (AEBS) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the autonomous emergency braking system (aebs) 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 System (AEBS) Market?
2. What is the CAGR expected in the Autonomous Emergency Braking System (AEBS) Market?
3. What Are the Key Innovations Transforming the Autonomous Emergency Braking System (AEBS) Industry?
4. Which Region Is Leading the Autonomous Emergency Braking System (AEBS) Market?
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