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Add to CartGlobal Automatic Emergency Braking System Market Growth, Share, Size, Trends and Forecast (2024 - 2030)
By Product Type;
Low Speed AEB System, High Speed AEB System and Pedestrians AEB System.By Vehicle Type;
Passenger Cars, Light Commercial Vehicle and Heavy Commercial Vehicle.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).Introduction
Global Automatic Emergency Braking System Market (USD Million), 2020 - 2030
In the year 2023, the Global Automatic Emergency Braking System Market was valued at USD 40,712.34 million. The size of this market is expected to increase to USD 108,956.56 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 15.1%.
The global automatic emergency braking (AEB) system market is experiencing robust growth driven by a convergence of factors centered around improving road safety and advancing automotive technology. Regulatory bodies worldwide are increasingly mandating the inclusion of AEB systems in vehicles, recognizing their potential to mitigate accidents and save lives. This regulatory push, coupled with growing consumer awareness of safety features and the rising demand for vehicles equipped with advanced driver assistance systems (ADAS), is propelling the adoption of AEB systems across various vehicle segments.
Furthermore, technological advancements in sensor technology, artificial intelligence, and machine learning are driving the evolution of AEB systems, enhancing their effectiveness and reliability in detecting and responding to potential collision scenarios. Manufacturers are continually innovating to improve sensor accuracy, expand detection capabilities, and reduce false alarms, thereby enhancing the overall performance and user experience of AEB systems. Additionally, the integration of AEB with other ADAS technologies such as adaptive cruise control and lane-keeping assist further enhances vehicle safety and reinforces the market's growth trajectory.
The market's expansion is not limited to new vehicle sales; there is also significant potential in the aftermarket segment for retrofitting existing vehicles with AEB systems. As awareness of road safety increases and consumers seek ways to enhance the safety of their vehicles, there is a growing demand for aftermarket AEB solutions. This presents an opportunity for aftermarket suppliers and service providers to offer retrofit kits and installation services, catering to consumers who want to upgrade their vehicles with the latest safety technology. Overall, the global AEB system market is poised for continued growth as regulatory mandates, technological advancements, and consumer demand drive adoption across the automotive industry.
Global Automatic Emergency Braking System Market Report Snapshot
| Parameters | Description |
|---|---|
| Market | Global Automatic Emergency Braking System Market |
| Study Period | 2020 - 2030 |
| Base Year (for Automatic Emergency Braking System Market Size Estimates) | 2023 |
| Drivers |
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| Restraints |
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| Opportunities |
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Segment Analysis
This report extensively covers different segments of Global Automatic Emergency Braking System Market and provides an in depth analysis (including revenue analysis for both historic and forecast periods) for all the market segments. In this report, the analysis for every market segment is substantiated with relevant data points and, insights that are generated from analysis of these data points (data trends and patterns).
The Global Automatic Emergency Braking System Market, a pivotal component of automotive safety, has undergone segmentation based on product type, vehicle type, and geographical regions. In terms of product type, the market encompasses various iterations tailored to meet diverse automotive needs. This includes radar-based systems, camera-based systems, and sensor-fusion systems, each offering unique advantages in detecting and mitigating collision risks. The segmentation allows manufacturers to cater to a wide spectrum of vehicles and consumer preferences, ensuring the widespread adoption of automatic emergency braking technology across the automotive industry.
When considering vehicle type segmentation, the market accounts for the distinct requirements and applications across different automotive categories. Passenger cars, commercial vehicles, and heavy-duty trucks constitute the primary segments, with each presenting varying demands for automatic emergency braking systems. For instance, while passenger cars might prioritize compact and integrated solutions for urban driving, heavy-duty trucks might require robust and adaptable systems capable of handling challenging road conditions and heavy loads. This segmentation facilitates targeted product development and marketing strategies, enabling manufacturers to address the specific safety needs of different vehicle segments effectively.
Geographical segmentation of the Global Automatic Emergency Braking System Market further delineates regional trends and demands. Different regions exhibit varying levels of technological adoption, regulatory frameworks, and automotive market maturity, influencing the penetration and growth of automatic emergency braking systems. For instance, mature automotive markets in North America and Europe might prioritize advanced safety features, leading to higher adoption rates of automatic emergency braking systems. In contrast, emerging markets in Asia-Pacific and Latin America might witness accelerated growth driven by increasing vehicle production and rising awareness of road safety measures. By understanding regional nuances and requirements, market players can tailor their strategies to capitalize on opportunities and address specific challenges in each geographical segment.
Global Automatic Emergency Braking System Segment Analysis
In this report, the Global Automatic Emergency Braking System Market has been segmented by Product Type, Vehicle Type and Geography.
Global Automatic Emergency Braking System Market, Segmentation by Product Type
The Global Automatic Emergency Braking System Market has been segmented by Product Type into Low Speed AEB System, High Speed AEB System and Pedestrians AEB System.
The Global Automatic Emergency Braking (AEB) System Market has witnessed significant segmentation based on product type, catering to diverse safety needs across various vehicular scenarios. One prominent segment is the Low Speed AEB System, designed to mitigate collisions during slow-moving traffic or parking situations. These systems typically employ sensors such as cameras, radars, or lidars to detect obstacles in close proximity to the vehicle and automatically engage the brakes if a collision is imminent. With the rise in urbanization and congested city driving, the demand for Low Speed AEB Systems is expected to escalate, driven by the imperative to enhance pedestrian and cyclist safety in crowded environments.
In contrast, the High Speed AEB System segment targets scenarios where vehicles are traveling at higher speeds, such as highways or freeways. These systems are engineered to detect potential collisions with vehicles ahead and initiate braking interventions to prevent or mitigate the impact. Leveraging advanced sensor technologies and real-time data processing, High Speed AEB Systems play a crucial role in reducing the severity of accidents and enhancing overall road safety on fast-moving roads. As automotive manufacturers increasingly prioritize safety features in their vehicles, the adoption of High Speed AEB Systems is anticipated to surge, particularly in regions with stringent safety regulations.
Another key segment within the Global AEB System Market is the Pedestrians AEB System, which focuses on detecting and avoiding collisions with pedestrians and vulnerable road users. These systems utilize sophisticated sensor fusion techniques to recognize pedestrians in various lighting and weather conditions, enabling swift responses to potential hazards. With rising concerns over pedestrian fatalities and injuries, especially in urban environments, the integration of Pedestrians AEB Systems has become a pivotal aspect of automotive safety strategies. As regulatory bodies continue to emphasize pedestrian protection standards, the deployment of advanced Pedestrians AEB Systems is poised for sustained growth, fostering a safer environment for all road users.
Global Automatic Emergency Braking System Market, Segmentation by Vehicle Type
The Global Automatic Emergency Braking System Market has been segmented by Vehicle Type into Passenger Cars, Light Commercial Vehicle and Heavy Commercial Vehicle.
The Global Automatic Emergency Braking System (AEBS) Market has witnessed significant segmentation by vehicle type, catering to the diverse needs across passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). Passenger cars represent a substantial portion of this market segment, owing to the increasing integration of safety features in modern vehicles and the growing consumer awareness regarding collision avoidance technologies. The demand for AEBS in passenger cars is further propelled by stringent government regulations mandating the inclusion of advanced safety systems, fostering the adoption of AEBS across various automotive segments.
In parallel, the light commercial vehicle (LCV) segment constitutes another key market segment for automatic emergency braking systems. LCVs, including vans, pickups, and utility vehicles, are extensively used for logistics, transportation, and delivery purposes, necessitating robust safety mechanisms to mitigate the risk of accidents. As fleet operators prioritize safety to safeguard both assets and personnel, the integration of AEBS in LCVs becomes pivotal, driving market growth. Additionally, technological advancements and cost-effective solutions are making AEBS more accessible to a broader spectrum of LCV manufacturers and buyers, further amplifying market penetration.
Furthermore, heavy commercial vehicles (HCVs) represent a crucial segment within the global AEBS market. These vehicles, comprising trucks, buses, and other heavy-duty vehicles, operate in diverse environments and are subjected to challenging road conditions, necessitating advanced safety features like AEBS to minimize collision risks. Moreover, regulatory mandates emphasizing vehicle safety and the potential for significant damage in case of accidents underscore the importance of AEBS in HCVs. As automotive OEMs and fleet operators prioritize safety innovations, the integration of AEBS in heavy commercial vehicles is expected to witness steady growth, driving market expansion and technological advancements in collision avoidance systems.
Global Automatic Emergency Braking System Market, Segmentation by Geography
In this report, the Global Automatic Emergency Braking System Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Automatic Emergency Braking System Market Share (%), by Geographical Region, 2023
The global automatic emergency braking system (AEBS) market has witnessed significant growth and is influenced by various geographical regions. North America, with its stringent safety regulations and a growing emphasis on road safety, holds a considerable share in the AEBS market. The region boasts a mature automotive industry, with key players continually investing in advanced safety features. Moreover, increasing consumer awareness about the benefits of AEBS in preventing collisions has further fueled market growth in North America.
Europe stands as another prominent region in the global AEBS market, characterized by a high adoption rate of advanced automotive safety technologies. Stringent safety norms mandated by regulatory bodies like Euro NCAP (European New Car Assessment Programme) have encouraged automakers to integrate AEBS into their vehicles. Additionally, the presence of leading automotive manufacturers and technological advancements in the region contribute to its significant market share. With a focus on reducing road fatalities and improving overall vehicle safety, Europe is expected to maintain its strong position in the AEBS market.
The Asia Pacific region, encompassing emerging economies like China, Japan, and India, is witnessing rapid growth in the AEBS market. Factors such as increasing vehicle production, rising disposable income, and a growing awareness of road safety among consumers are driving market expansion in this region. Furthermore, government initiatives mandating the installation of AEBS in vehicles to mitigate road accidents are propelling market growth. With the automotive industry in Asia Pacific poised for continuous development, the region is anticipated to exhibit substantial growth in the AEBS market share in the coming years.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Automatic Emergency Braking System Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Regulatory Mandates
- Technological Advancements-The Global Automatic Emergency Braking System (AEBS) market has seen significant technological advancements in recent years, revolutionizing vehicle safety and collision avoidance systems. AEBS, also known as autonomous emergency braking (AEB), utilizes sensors such as radar, lidar, and cameras to detect potential collisions with objects or pedestrians in the vehicle's path. The integration of these sensors with advanced algorithms enables AEBS to automatically apply the brakes to prevent or mitigate collisions, thereby enhancing passenger safety and reducing the severity of accidents.
One of the key technological advancements driving the AEBS market is the development of predictive algorithms and artificial intelligence (AI) systems. These systems analyze real-time data from various sensors to accurately predict potential collision scenarios and initiate braking actions with minimal delay. Moreover, machine learning algorithms enable AEBS to continuously improve its performance by learning from past driving experiences, making it more effective in diverse driving conditions and scenarios.
The integration of AEBS with other advanced driver assistance systems (ADAS) is another notable technological trend in the market. By combining AEBS with features such as adaptive cruise control, lane-keeping assist, and pedestrian detection systems, automakers are offering comprehensive safety suites that provide enhanced collision prevention capabilities. This integration not only improves overall vehicle safety but also lays the foundation for future autonomous driving technologies, where vehicles can autonomously navigate complex environments while ensuring the safety of passengers and pedestrians alike.
Restraints
- High Implementation Costs
- Technical Challenges-The Global Automatic Emergency Braking System (AEBS) market faces several technical challenges that impact its development and adoption. One major hurdle is achieving precise object detection and classification in various driving conditions. AEBS relies on sensors such as radar, lidar, and cameras to detect potential collisions, but ensuring their accuracy and reliability in scenarios like adverse weather conditions or low visibility remains a challenge. Additionally, distinguishing between different types of obstacles, such as pedestrians, cyclists, or stationary objects, requires sophisticated algorithms and sensor fusion techniques, adding complexity to system design.
Another technical challenge for the AEBS market is minimizing false positives and negatives. False positives occur when the system mistakenly identifies non-existent collision threats, leading to unnecessary braking interventions, which can be disruptive and potentially dangerous for drivers. Conversely, false negatives happen when the system fails to detect actual collision risks, compromising safety. Achieving a balance between sensitivity and specificity is crucial to reducing false alarms without compromising the system's ability to react swiftly to genuine threats, necessitating continuous refinement of algorithms and sensor calibration.
Interoperability and standardization pose significant technical challenges for the AEBS market. As the automotive industry moves towards autonomous driving and connected vehicles, ensuring seamless integration of AEBS with other advanced driver assistance systems (ADAS) and vehicle-to-everything (V2X) communication technologies becomes paramount. Standardizing communication protocols and data formats across different vehicle manufacturers and suppliers is essential for achieving widespread adoption and maximizing the effectiveness of AEBS in preventing collisions and minimizing road fatalities. Collaborative efforts among industry stakeholders, along with regulatory initiatives, are crucial for addressing these technical challenges and advancing the capabilities of AEBS technology.
Opportunities
- Market Expansion in Emerging Economies
- Aftermarket Retrofitting Services-The global market for Automatic Emergency Braking (AEB) systems is witnessing a surge in demand for aftermarket retrofitting services. As awareness of road safety increases and regulations become stricter, vehicle owners are seeking ways to upgrade their vehicles with advanced safety features like AEB systems. Retrofitting services offer a cost-effective solution for both older vehicles lacking such technology and newer models that may not have the latest safety features installed. This trend is particularly pronounced in regions where there is a high density of vehicles on the road and where road safety regulations are rigorously enforced.
Automotive aftermarket retrofitting services for AEB systems are gaining traction due to their potential to enhance overall road safety and reduce the incidence of accidents. By installing AEB systems in vehicles, drivers can benefit from automatic braking assistance in emergency situations, significantly reducing the risk of collisions. Moreover, retrofitting services cater to a wide range of vehicle models, making it accessible to a broad spectrum of vehicle owners. This inclusivity in the aftermarket sector ensures that safety advancements are not limited to new vehicle buyers but are accessible to all, contributing to a safer driving environment globally.
The aftermarket retrofitting of AEB systems presents lucrative opportunities for players in the automotive industry, including manufacturers, suppliers, and service providers. As consumer demand for enhanced safety features grows, companies specializing in retrofitting services are poised to experience considerable growth. Additionally, partnerships and collaborations between automotive OEMs, technology companies, and retrofitting service providers are likely to proliferate, fostering innovation and the development of more advanced safety solutions. Overall, the aftermarket retrofitting of AEB systems is set to play a significant role in shaping the future of automotive safety technology, making roads safer for drivers and pedestrians alike.
Competitive Landscape Analysis
Key players in Global Automatic Emergency Braking System Market include:
- ZF TRW
- Continental AG
- DENSO Corporation
- Tesla Motors
- Robert Bosch GmbH
- Delphi Automotive Plc.
- Autoliv Inc.
- Magna International Inc.
- Mobileye NV
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product Type
- Market Snapshot, By Vehicle Type
- Market Snapshot, By Region
- Global Automatic Emergency Braking System Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Regulatory Mandates
- Technological Advancements
- Restraints
- High Implementation Costs
- Technical Challenges
- Opportunities
- Market Expansion in Emerging Economies
- Aftermarket Retrofitting Services
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Automatic Emergency Braking System Market, By Product Type, 2020 - 2030 (USD Million)
- Low Speed AEB System
- High Speed AEB System
- Pedestrians AEB System
- Global Automatic Emergency Braking System Market, By Vehicle Type, 2020 - 2030 (USD Million)
- Passenger Cars
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Global Automatic Emergency Braking System Market, By Geography, 2020 - 2030 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Automatic Emergency Braking System Market, By Product Type, 2020 - 2030 (USD Million)
- Competitive Landscape
- Company Profiles
- ZF TRW
- Continental AG
- DENSO Corporation
- Tesla Motors
- Robert Bosch GmbH
- Delphi Automotive Plc.
- Autoliv Inc.
- Magna International Inc.
- Mobileye NV
- Company Profiles
- Analyst Views
- Future Outlook of the Market
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