Press release
Global Automatic Emergency Braking Market Worth $66.82 Billion by 2029, Growing at 11.5% CAGR
Automatic Emergency Braking Market Size
Automatic Emergency Braking Market Outlook: What Size And CAGR Are Anticipated By 2025?
The market size for automatic emergency braking has experienced a swift expansion in recent years. The market value is projected to increase from $38.64 billion in 2024 to $43.24 billion in 2025, marking a compound annual growth rate (CAGR) of 11.9%. Factors responsible for the growth observed during the historic period include escalating traffic congestion, the amalgamation with vehicle-to-vehicle communication, escalating trends in urbanization, adoption of vehicle electrification, and rising environmental concerns.
What Is the Expected CAGR for the Automatic Emergency Braking Market Growth Through 2029?
It is anticipated that the automated emergency braking market will experience a swift increase in size in the upcoming years, reaching a value of $66.82 billion in 2029 with a compound annual growth rate (CAGR) of 11.5%. The projected growth in this period can be credited to applications in fleet management, the rise of electric vehicles (EVs), cooperations with original equipment manufacturers, and an emphasis on fuel conservation. In the forecast period, dominant trends such as the inclusion of AI and machine learning, customization and personalization, the expansion of autonomous emergency braking (AEB), heightened attention to vulnerable road users, and advancements in detection of pedestrians and cyclists can be expected.
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What Are the Primary Drivers Behind Automatic Emergency Braking Market Growth?
The increase in road mishaps is projected to spur the growth of the automatic emergency braking market in the future. Road mishaps are typified by any accident that includes at least one moving vehicle on a road available to the public, be it private or public, that results in at least one injury or fatality. The increase in road mishaps is fuelled by elements like heightened distracted driving, faster vehicle speeds and deficient infrastructure. Automatic emergency braking aids in reducing road mishaps by spontaneously implementing brakes to avert or lessen the impact of crashes. These AEB systems employ sensors like radar, cameras or LiDAR to constantly survey the road ahead for possible collision hazards. For example, as per the National Highway Traffic Safety Administration, a US government entity, in August 2022, 9,560 people suffered fatal outcomes in traffic accidents in the initial quarter of 2022, marking a rise of 7% against the 8,935 deaths during the same duration in 2021. Consequently, the escalating number of road mishaps is fuelling the growth of the automatic emergency braking market.
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What Are the Key Segments Driving Automatic Emergency Braking Market Growth?
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
What Are the Technological Trends Impacting the Automatic Emergency Braking Market?
Leading firms in the automatic emergency braking industry are intensifying their efforts to innovate and devise novel solutions like end-to-end technology to increase their market share and profits. The implementation of such technology in the automotive sector serves to improve the vehicle's capacity to recognize and evade possible collisions with other vehicles, cyclists, and pedestrian traffic crossing diagonally. For instance, Nio Inc., an automotive manufacturer based in China, rolled out its most recent software update, Banyan 2.6.5 CN system, in July 2024. This enhancement is aimed at incorporating advanced AI technologies into its crucial safety aspects, chiefly Automatic Emergency Braking (AEB) and navigation systems. Additionally, the update boosts the performance of NIO's Navigate on Pilot Plus (NOP+) feature to ensure enhanced navigation in diverse driving situations. The aim of this progress is to offer a more seamless and dependable driving experience.
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Who Are the Major Competitors in the Global Automatic Emergency Braking Market?
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
Which Region Dominates the Automatic Emergency Braking Market Share in 2025?
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.
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