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2025-2034 Autonomous Emergency Braking System (AEBS) Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights
Autonomous Emergency Braking System (AEBS) Market
What Will the Autonomous Emergency Braking System (AEBS) Industry Market Size Be by 2025?
The market size for the autonomous emergency braking system (AEBS) has experienced significant expansion in the past few years. The market's value is predicted to surge from $38.47 billion in 2024 to $47.8 billion in 2025, reflecting a compound annual growth rate (CAGR) of 24.3%. The substantial growth during the historical period is attributable to a slew of factors including strict safety regulations, heightened awareness about vehicle safety, incentives from insurance companies for premium reduction, strategic collaborations with automotive safety bodies, and an increased emphasis on the safety of pedestrians and cyclists.
What's the Long-Term Growth Forecast for the Autonomous Emergency Braking System (AEBS) Market Size Through 2029?
The market for autonomous emergency braking systems (AEBS) is predicted to experience significant expansion in the coming years. The market is projected to reach $101.64 billion by 2029, growing at a compound annual growth rate (CAGR) of 20.8%. Factors attributing to this growth during the forecast period include the worldwide reconciliation of safety standards, incorporation into autonomous vehicle infrastructures, compulsory integration in vehicle safety criteria, urbanization and traffic control, as well as collaboration with the insurance industry. Key trends for the forecast period encompass integration with sophisticated sensor technologies, the use of artificial intelligence (AI) algorithms, improved detection and evasion of cyclists, and the integration of vehicle-to-everything (v2x) communication.
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What Are the Key Growth Drivers Fueling the Autonomous Emergency Braking System (AEBS) Market Expansion?
The surge in luxury car demand is anticipated to stimulate the autonomous emergency braking system (AEBS) market's expansion. Luxury automobiles, characterized by superior comfort, advanced features, and top-notch materials, offer a luxurious and prestigious driving experience. They frequently incorporate advanced autonomous emergency braking systems, which prioritize driver and passenger safety and automatically apply brakes in emergency situations. For example, BMW AG, a luxury automaker based in Germany, reported that U.S. sales of the BMW brand climbed 11.5% in Q2 2023 from Q2 2022, with total sales reaching 87,948 vehicles. In a separate report, Cox Automotive, a U.S. automotive services firm, revealed that the share of luxury vehicles in total sales rose from 17.8% in October 2022 to 18.2% in November 2022. Hence, the burgeoning demand for luxury cars is fueling the expansion of the autonomous emergency braking system (AEBS) market. Autonomous Emergency Braking System (AEBS) Market Driver: Emphasizing the Role of Autonomous Emergency Braking Systems (AEBS) in Reducing Road Accidents
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What Are the Key Trends Driving Autonomous Emergency Braking System (AEBS) Market Growth?
Leading corporations in the autonomous emergency braking system (AEBS) market are directing their efforts towards the development of sophisticated technologies like artificial intelligence (AI)-driven technology to improve vehicular safety and response time. AI-driven technology involves the use of algorithms and machine learning methodologies to emulate human intellect. For example, PlusAI Inc., an American autonomous driving technology firm, launched PlusProtect in May 2024. PlusProtect is an AI-driven technology formulated to upgrade next-gen safety mechanisms for a range of vehicles. This pioneering software offers high-performance attributes such as automatic emergency braking (AEB), alerts for lane departure, and assistance during traffic congestion. It contains self-calibrating sensors that regularly modify themselves to provide precise readings and performance. This ground-breaking software has been crafted to aid worldwide Tier 1 automotive suppliers and vehicle manufacturers in incorporating top-notch safety features into their products.
How Is the Autonomous Emergency Braking System (AEBS) Market Segmented?
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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Which Companies Are Leading the Charge in Autonomous Emergency Braking System (AEBS) Market Innovation?
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
Which Regions Are Leading the Global Autonomous Emergency Braking System (AEBS) Market in Revenue?
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.
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