Global Autonomous Emergency Braking (AEB) System Market Size By Type of Vehicle, By Technology, By Application, Geographic Scope And Forecast

Autonomous Emergency Braking (AEB) System Market Size And Forecast

Autonomous Emergency Braking (AEB) System Market size was valued at USD 31.34 Billion in 2023 and is projected to reach USD 93.73 Billion by 2030, growing at a CAGR of 14.7% during the forecast period 2024-2030. The Emergency Autonomous Emergency Braking (AEB) System Market refers to the segment of the automotive industry dedicated to the development, production, and integration of advanced safety systems designed to automatically apply the brakes in emergency situations. These systems utilize a combination of sensors, cameras, radar, and/or lidar technology to detect potential collisions with objects, pedestrians, or other vehicles. Upon detection of an imminent collision, the AEB system initiates automatic braking to either mitigate the severity of the impact or prevent it altogether, thereby enhancing vehicle safety and reducing the risk of accidents.

Global Autonomous Emergency Braking (AEB) System Market Drivers

The market drivers for the Autonomous Emergency Braking (AEB) System Market can be influenced by various factors. These may include:

A Growing Priority for Automobile Safety:

AEB systems and other sophisticated safety technologies are being more widely used as a result of growing concerns about road safety and a desire to lower the number of collisions and fatalities.

Regulation Requirements:

Regulations requiring the installation of safety measures in cars, including AEB systems, have been put into place in several nations and areas, or they are being considered. Adoption of AEB technology is significantly influenced by compliance with these requirements.

Incentives for Insurance:

For cars with modern safety features, such AEB systems, some insurance companies provide rebates or incentives. This promotes the adoption of the technology by both automakers and customers.

Increasing Awareness Among Consumers:

There is a greater demand for AEB systems due in part to consumer awareness of the systems' advantages in averting collisions and lessening the severity of accidents.

ADAS (Advanced Driver Assistance Systems) Integration:

ADAS, which encompasses functions including collision avoidance, adaptive cruise control, and lane departure warning, frequently incorporates AEB systems. Vehicle safety is improved when AEB is integrated with other safety measures.

Technological Progress:

The performance and dependability of AEB systems are enhanced by ongoing developments in sensor technologies, radar systems, cameras, and other components, which propels market expansion.

Partnerships & Cooperations:

Accelerating the development and deployment of AEB systems can be achieved through partnerships among industry stakeholders and collaborations between automobile manufacturers and technology companies.

Global Automobile Industry Growth:

With the global automotive industry growing, particularly in emerging economies, there is a growing emphasis on advanced safety technology in cars, such as the use of AEB systems.

Traffic congestion and urbanisation:

In many parts of the world, urbanisation and traffic congestion have increased demand for devices that might help prevent or lessen collisions in difficult driving situations.

Consumer Requirement for Cutting-Edge Features:

Vehicles with cutting-edge safety features are becoming more and more in demand from consumers, and AEB is now a popular choice.

Global Autonomous Emergency Braking (AEB) System Market Restraints

Several factors can act as restraints or challenges for the Autonomous Emergency Braking (AEB) System Market. These may include:

High starting price:

Installing autonomous emergency braking systems may come at a hefty price. This could discourage customers or organisations on a tight budget from implementing the technology, particularly in areas where expenses are a major concern.

Difficulties with Technology Integration:

There may be difficulties in producing new cars with AEB technology or integrating current ones into them. The adoption rate may be slowed down by compatibility problems and the requirement for flawless connection with other car systems.

Customer Knowledge and Gratitude:

Consumers' ignorance of the features and advantages of AEB systems may be a factor in their delayed adoption. Customers may be reluctant to purchase cars with AEB if they do not believe these systems are required or advantageous.

The regulatory landscape:

The general adoption rate may be slowed down by the lack of or postponement of regulatory obligations necessitating the installation of AEB systems in automobiles. A well-defined regulatory structure has the potential to propel the extensive use of safety technologies.

Legal Concerns and Liability:

One limitation might be worries about liability in the event of system malfunctions or breakdowns. For the sake of maintaining the confidence of regulators and customers alike, manufacturers and developers must confront legal and liability concerns.

Costs of upkeep and repairs:

Vehicle owners may be deterred from investing in AEB technology if the costs of maintenance and repairs are excessive. For AEB systems to function well in the long run, it is essential to have access to reasonably priced replacement components and knowledgeable personnel for maintenance.

Privacy and Data Security Concerns:

AEB systems frequently rely on sophisticated data processing and sensors. Regulatory approval and customer acceptance may be impacted by worries about possible privacy issues and the security of the data these systems collect.

Worldwide Economic Aspects:

Recessions and financial crises are examples of economic uncertainties that might affect consumer purchasing trends. Customers may choose basic car features over cutting-edge safety technology during hard economic times.

Cooperation Problems:

There may be difficulties with standardisation and compatibility amongst AEB systems made by various vendors. Compatibility problems may prevent AEB systems from operating seamlessly in a variety of car models and brands.

Restricted Applicability in Specific Situations:

AEB systems might not function well in severe weather, low visibility, or difficult driving circumstances. It is imperative for manufacturers to tackle these constraints in order to guarantee the efficacy of AEB systems in diverse conditions.

Global Autonomous Emergency Braking (AEB) System Market Segmentation Analysis

The Global Autonomous Emergency Braking (AEB) System Market is Segmented on the basis of Type of Vehicle, Application, Technology and Geography.

Autonomous Emergency Braking (AEB) System Market, By Type of Vehicle

• Passenger Vehicles:
• AEB systems designed for cars, SUVs, and other personal transportation vehicles.
• Commercial Vehicles:
• AEB systems adapted for use in trucks, buses, and other commercial transportation vehicles.

Autonomous Emergency Braking (AEB) System Market, By Technology

• Camera-Based AEB Systems:
• Utilizes cameras to monitor the road and detect potential collision threats.
• LiDAR-Based AEB Systems:
• Relies on Light Detection and Ranging technology to measure distances and detect obstacles.
• Radar-Based AEB Systems
• : Uses radar sensors to detect objects and obstacles in the vehicle's path.
• Sensor Fusion AEB Systems:
• Integrates data from multiple sensors (such as cameras, radar, and LiDAR) for enhanced detection accuracy.

Autonomous Emergency Braking (AEB) System Market, By Application

• Original Equipment Manufacturers (OEMs):
• AEB systems integrated into vehicles during manufacturing.
• Aftermarket:
• AEB systems that can be added to vehicles post-manufacturing as an aftermarket accessory.

Autonomous Emergency Braking (AEB) System Market, By Geography

• North America:
• Market conditions and demand in the United States, Canada, and Mexico.
• Europe:
• Analysis of the AUTONOMOUS EMERGENCY BRAKING (AEB) SYSTEM MARKET in European countries.
• Asia-Pacific:
• Focusing on countries like China, India, Japan, South Korea, and others.
• Middle East and Africa:
• Examining market dynamics in the Middle East and African regions.
• Latin America:
• Covering market trends and developments in countries across Latin America.

Key Players

• The major players in the Autonomous Emergency Braking (AEB) System Market are:
• Robert Bosch GmbH (Germany)
• Continental AG (Germany)
• Denso Corporation (Japan)
• ZF Friedrichshafen AG (Germany)
• Hyundai Mobis Co., Ltd. (South Korea)
• Aisin Seiki Co., Ltd. (Japan)
• Valeo S.A. (France)
• Autoliv, Inc. (Sweden)
• Infineon Technologies AG (Germany)
• Knorr-Bremse AG (Germany)
• Mobileye (Israel)
• Start-ups and smaller companies