Press release
Emerging Trends to Drive Automotive Autonomous Emergency Braking System Market Growth at 24.2% CAGR Through 2029
Automotive Autonomous Emergency Braking System
Automotive Autonomous Emergency Braking System Market Size Growth Forecast: What to Expect by 2025?
The market size of the automotive autonomous emergency braking system has seen a tremendous rise in the past few years. It is set to expand from $26.53 billion in 2024 to $33.03 billion in 2025, with a compound annual growth rate (CAGR) of 24.5%. The growth observed in the historical period can be credited to factors such as enhanced safety measures, heightened consumer consciousness, shifts within the automotive industry, industry dynamics and reductions in insurance premiums.
How Will the Automotive Autonomous Emergency Braking System Market Size Evolve and Grow by 2029?
We expect the market size of the automotive autonomous emergency braking system to exponentially expand in the coming years. It's projected to reach $78.48 billion by 2029, growing at a compound annual growth rate (CAGR) of 24.2%. Factors contributing to this predicted growth during the forecast period include global safety standards, technological advancements, rising vehicle sales, increased consumer demand, and insurance incentives. In the forecast period, there will be significant trends such as integration with advanced driver assistance systems (ADAS), broadening into commercial vehicles, the creation of multi-sensor fusion systems, enhanced detection of pedestrians and cyclists, and incorporation with vehicle-to-everything (V2X) communication.
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What Drivers Are Propelling the Growth of Automotive Autonomous Emergency Braking System Market Forward?
The upward trend in road accidents is predicted to stimulate the expansion of the automotive autonomous emergency braking system market. Road accidents refer to events on roads or highways involving vehicles, pedestrians, bicyclists, or other travelers that result in damage, harm, or death. Factors contributing to the soaring numbers of road accidents include distracted driving, speeding, impaired driving, tiredness, poor infrastructure, unfavorable weather, increasing traffic, and aggressive driving habits. Automotive autonomous emergency braking systems play a significant role in preventing or reducing accidents by applying the vehicle's brakes automatically to evade crashes or lessen their impact in crucial moments. For example, data from Transport.ec.europa.eu, a Belgium-based transport and mobility website, showed that about 20,400 fatalities occurred in road accidents in the EU in 2023, with over 2,000 cyclists losing their lives in 2022, indicating an alarming trend. Moreover, in Bulgaria, the rate of road deaths per million people in 2023 saw a surge of 4% compared to 2022. Due to these escalating numbers of road accidents, the automotive autonomous emergency braking system market is experiencing growth.
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Which Emerging Trends Are Transforming the Automotive Autonomous Emergency Braking System Market in 2025?
Leading enterprises operating in the autonomous emergency braking system segment of the automotive industry are concentrating their efforts on advancements in technology. These advancements include the integration of improved sensors, the application of AI to braking systems, and cutting-edge driver-assistance capabilities. These efforts aim to enhance vehicle safety through collision avoidance and mitigating the impact of accidents in a variety of driving environments. Advanced driver-assistance capabilities involve the use of specific vehicle technologies designed to augment safety and driving convenience by aiding drivers with tasks such as collision prevention, lane maintenance, adaptive speed regulation, and automatic braking. For example, in April 2024, Mobileye Global Inc., an autonomous driving corporation based in Israel, introduced its EyeQ6 Lite system-on-chip (SoC) product. This product is intended to heighten the functionality of advanced driver-assistance systems (ADAS) in cars due to be launched this year. The EyeQ6 Lite, a mass-market product, will support advanced driver-assistance systems (ADAS) in vehicles, offering features such as lane adjustment and automated speed regulation. It incorporates two CPU cores, five accelerators, and an 8-megapixel camera with a wide-angle field of vision of 120 degrees.
What Are the Key Segments in the Automotive Autonomous Emergency Braking System Market?
The automotive autonomous emergency braking system market covered in this report is segmented -
1) By System: Low-Speed Autonomous Emergency Braking System, High-Speed Autonomous Emergency Braking System
2) By Technology: Light Detection And Ranging (LiDAR), Radar, Camera
3) By Vehicle Type: Passenger Car, Commercial Vehicle
Subsegments:
1) By Low-Speed Autonomous Emergency Braking System: Urban Or City Traffic AEB, Parking AEB, Pedestrian Detection AEB, Low-Speed Collision Prevention AEB
2) By High-Speed Autonomous Emergency Braking System: Highway AEB, Adaptive Cruise Control AEB, Rear-End Collision Prevention AEB, Automatic Emergency Braking For Vehicles, Inter-Vehicle Distance AEB
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Who Are the Key Players Shaping the Automotive Autonomous Emergency Braking System Market's Competitive Landscape?
Major companies operating in the automotive autonomous emergency braking system market are Hyundai Motor Company, Robert Bosch GmbH, Hitachi Ltd., Panasonic Corporation, Denso Corporation, AB Volvo, ZF Friedrichshafen AG, Continental AG, Mitsubishi Electric Corporation, Aisin Seiki Co. Ltd., NVIDIA Corporation, Subaru, Valeo SA, Texas Instruments Incorporated, Aptiv PLC, TRW Automotive Holdings Corp., Infineon Technologies AG, NXP Semiconductors N.V., Renesas Electronics Corporation, Autoliv Inc., Hella GmbH & Co. KGaA, Gentex Corporation, Delphi Automotive PLC, Magneti Marelli S.p.A.
What Geographic Markets Are Powering Growth in the Automotive Autonomous Emergency Braking System Market?
North America was the largest region in the automotive autonomous emergency braking system market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive autonomous emergency braking system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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