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Autonomous Emergency Braking Global Market Report 2024 - By Demand, Size, Share, Industry Scope, Forecast To 2033
Autonomous Emergency Braking Market
The autonomous emergency braking market size is expected to see rapid growth in the next few years. It will grow to $96.63 billion in 2028 at a compound annual growth rate (CAGR) of 16.7%. The growth in the forecast period can be attributed to increased electric vehicle market, stricter emission standards, advancements in energy recovery systems, autonomous vehicle integration, consumer demand for sustainable technologies. Major trends in the forecast period include integration with advanced driver assistance systems (adas), development of pedestrian detection systems, use of artificial intelligence in emergency braking algorithms, expansion of aeb to commercial vehicles, standardization of aeb across automotive segments.
Market Overview -
Autonomous emergency braking refers to an automatic braking system that constantly keeps track of the road. Using this type of system in cars and heavy trucks helps to control road accidents. The autonomous emergency braking is mostly used in cars that automatically apply the brake if the driver fails to respond to a sudden threat.
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Addressing The Surge In Accidents With The Autonomous Emergency Braking Market
The rising number of accidents is expected to propel the growth of the autonomous emergency braking market going forward. Accidents refer to any injury due to crashes involving a vehicle partially or fully on a public road. Autonomous emergency braking assists in recognizing when a potential collision is likely to happen and reacts by automatically applying the brakes to slow a vehicle down before impact or bring it to a stop to avoid a collision. For Instance, in January 2022, according to the Times of India, an Indian daily newspaper, road crashes rise by 10% in 2021, and over 400 died in accidents. The number of road accidents was 796 in 2020 which had increased to 874 in 2021. The number of fatal road accidents in 2020 was 347 which increased to 389 in 2021. Also, in 2020 375 people died in fatal road accidents which was increased to 409 in 2021. Therefore, the rising number of accidents is driving the growth of the autonomous emergency braking market.
Competitive Landscape -
Major companies operating in the autonomous emergency braking market report are Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, Mobileye NV, Autoliv Inc., Hyundai Mobis Co Ltd., Aisin Corporation, Hitachi Automotive Systems Pvt Ltd., Mando Corporation, Tesla Inc., Magna International Inc., DENSO Corporation, Valeo SA, General Motors Company, Delphi Technologies plc, Aptiv plc, WABCO Holdings Inc., Panasonic Corporation, Hella KGaA Hueck & Co., TRW Automotive Holdings Corp., Ficosa International SA, Knorr-Bremse AG, Bosch Rexroth AG, Zhejiang VIE Science & Technology Co Ltd., Autotalks Ltd., Cohda Wireless Pty Ltd., NXP Semiconductors NV, Texas Instruments Incorporated, STMicroelectronics NV, Infineon Technologies AG
Pioneering The Future With Innovative Product Offerings In The Autonomous Emergency Braking Market
New product innovations have emerged as the key trend gaining popularity in the autonomous emergency braking market. Major companies operating in the autonomous emergency braking sector are focused on introducing product innovations to reinforce their position in the market. For instance, in April 2021, ZF Friedrichshafen AG, a Germany-based company that manufactures car parts for autonomous emergency breaks launched the OnGuardMAX system which is the most advanced autonomous emergency braking assistance system. It contains advanced object detection and autonomous braking capability further. This system also contains a state-of-the-art camera and radar sensor which helps the system autonomously detect the vehicles.
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Key Segments -
The autonomous emergency braking market covered in this report is segmented -
1) By Vehicle Type: Passenger Cars, Commercial Vehicles
2) By Brake Type: Disc, Drum
3) By Technology: Crash Imminent Braking, Dynamic Braking Support
4) By System: Low Speed AEB System, Higher Speed AEB System, Pedestrian AEB System
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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