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Autonomous Emergency Braking System (AEBS) Market Growth to be Driven by Emerging Trends | $99.15 Billion by 2029
Autonomous Emergency Braking System (AEBS)
What is the Projected Market Size of the Autonomous Emergency Braking System (AEBS) Industry?
The market size of the autonomous emergency braking system (aebs) has seen a tremendous surge in growth in the past few years. The market is predicted to inflate from $38.47 billion in 2024 to $47.26 billion in 2025, showing a compound annual growth rate (CAGR) of 22.9%. Factors such as rigorous safety regulations, a heightened appreciation for vehicle safety, incentives for reduced insurance premiums, partnerships with automotive safety organizations, and an emphasis on the safety of pedestrians and cyclists, have all contributed to the growth seen in the historical period.
What Will Be the Size of the Autonomous Emergency Braking System (AEBS) Market by 2029?
Significant expansion is anticipated in the autonomous emergency braking system (aebs) market over the coming years, with estimation predicting a market worth of $99.15 billion by 2029, along with a compound annual growth rate (CAGR) of 20.3%. The projected surge over this forecast period could be credited to several factors including the global synchronization of safety norms, their incorporation into the autonomous vehicle systems, obligatory participation in vehicle safety evaluations, urbanization and management of congestion, along with partnerships within the insurance industry. Key trends expected throughout this timeline include the amalgamation with advanced sensor technologies, utilization of artificial intelligence (ai) algorithms, improved identification and evasion of cyclists, and the integration of vehicle-to-everything (v2x) communication.
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What Are the Key Drivers Accelerating Growth in the Autonomous Emergency Braking System (AEBS) Market?
The autonomous emergency braking system (AEBS) market is predicted to grow due to the skyrocketing demand for luxury automobiles. Luxury vehicles, renowned for their exceptional comfort, high-tech features, and premium materials, offer a prestigious and plush driving journey. These posh vehicles usually integrate cutting-edge autonomous emergency braking systems, prioritizing the safety of the driver and passengers by automatically stopping the car during critical situations. For instance, the financial statements of the German luxury car producer, BMW AG, revealed an 11.5% increase in BMW's U.S. sales in the second quarter (Q2) of 2023 compared to the same period the previous year. In Q2 2023, BMW's U.S. sales added up to 87,948 vehicles, marking an increase of 11.5% over the 78,905 vehicles sold in Q2 2022. Furthermore, according to Cox Automotive, a US-based auto services firm, the proportion of luxury vehicles in total sales increased to 18.2% in November 2022 from 17.8% in October 2022, maintaining a historically high level. Consequently, the growth of the autonomous emergency braking system (AEBS) market is fueled by the rising demand for luxury automobiles.
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How Is the Autonomous Emergency Braking System (AEBS) Market Segmented by Type, Application, and Region?
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
What Are the Key Trends Driving Growth in the Autonomous Emergency Braking System (AEBS) Market?
Key industry players in the autonomous emergency braking system (AEBS) market are prioritizing the development of cutting-edge technologies, such as those based on artificial intelligence (AI), to improve vehicular safety and responsiveness. AI-based technology implies the application of algorithms and machine learning methodologies to allow systems to mimic human intelligence. As an example, PlusAI Inc., an autonomous driving technology organization based in the US, introduced PlusProtect in May 2024. PlusProtect is an AI-driven technology designed to amplify next-generation safety systems within various kinds of vehicles. This progressive software encompasses features like automatic emergency braking (AEB), lane departure alerts, and traffic congestion assistance. It includes self-regulating sensors that continually adapt to maintain precise measurements and performance. This ground-breaking software aims to assist global Tier 1 automotive suppliers and vehicle manufacturers in incorporating superior safety attributes into their products.
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Who Are the Leading Companies Driving Growth 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
Which Is the Leading Region in the Global 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.
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