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Add to CartGlobal Automatic Emergency Braking Market Growth, Share, Size, Trends and Forecast (2024 - 2030)
By Brake;
Disc and Drum.By Technology;
Crash imminent braking, Dynamic brake support and Forward collision warning.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).Introduction
Global Automatic Emergency Braking Market (USD Million), 2020 - 2030
In the year 2023, the Global Automatic Emergency Braking Market was valued at USD 67,445.61 million. The size of this market is expected to increase to USD 109,727.93 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 7.2%.
The global automatic emergency braking (AEB) market is experiencing significant growth driven by increasing concerns about road safety and the implementation of stringent safety regulations across the automotive industry. AEB systems, also known as collision avoidance systems, utilize sensors such as radar, cameras, and lidar to detect potential collisions with vehicles, pedestrians, or obstacles in the vehicle's path. These systems automatically apply the brakes or assist the driver in braking to prevent or mitigate the severity of accidents, thereby reducing the risk of injuries and fatalities on the road.
One of the primary drivers of the AEB market is the growing demand for advanced driver assistance systems (ADAS) in vehicles. With technological advancements and the integration of AI and machine learning algorithms, AEB systems are becoming more sophisticated, offering improved accuracy and reliability in detecting and responding to potential collision scenarios. Additionally, the rising consumer awareness of safety features and the increasing emphasis on vehicle safety ratings by regulatory agencies and organizations such as the Insurance Institute for Highway Safety (IIHS) are fueling the adoption of AEB systems among automakers and consumers alike.
Moreover, government initiatives and regulations mandating the inclusion of AEB systems in new vehicles are further propelling market growth. Countries around the world are implementing regulations to improve road safety and reduce the number of accidents, injuries, and fatalities. For instance, the European New Car Assessment Programme (Euro NCAP) and the National Highway Traffic Safety Administration (NHTSA) in the United States have made AEB a key criterion for vehicle safety ratings and have encouraged automakers to equip their vehicles with this life-saving technology. As a result, the global AEB market is expected to continue its upward trajectory, driven by technological innovation, consumer demand for safer vehicles, and regulatory requirements aimed at enhancing road safety worldwide.
Global Automatic Emergency Braking Market Report Snapshot
| Parameters | Description |
|---|---|
| Market | Global Automatic Emergency Braking Market |
| Study Period | 2020 - 2030 |
| Base Year (for Automatic Emergency Braking 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 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 (AEB) market has been segmented based on brake type, technology, and geography to cater to diverse consumer needs and preferences. In terms of brake type, the market encompasses various braking systems, including disc brakes, drum brakes, and others. Disc brakes are commonly used in modern vehicles due to their superior performance and reliability, particularly in emergency braking situations. However, drum brakes remain prevalent in certain vehicle segments, offering a cost-effective alternative with adequate stopping power.
Regarding technology, the AEB market includes a range of advanced systems designed to detect and mitigate potential collisions autonomously or assist drivers in emergency braking maneuvers. These technologies typically utilize sensors such as radar, cameras, lidar, and ultrasonic sensors to monitor the vehicle's surroundings and detect obstacles. Depending on the level of automation, AEB systems can provide warnings to the driver, apply partial braking, or initiate full autonomous emergency braking to prevent or reduce the severity of collisions. The adoption of advanced driver assistance systems (ADAS) and the integration of artificial intelligence (AI) and machine learning algorithms are driving innovation in AEB technology, enhancing its accuracy and effectiveness.
Geographically, the AEB market is segmented into various regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Each region exhibits unique market dynamics influenced by factors such as regulatory frameworks, technological advancements, consumer preferences, and infrastructure development. For instance, North America and Europe have been early adopters of AEB technology, driven by stringent safety regulations and growing awareness of road safety issues. In contrast, the Asia Pacific region presents significant growth opportunities due to rising vehicle sales, increasing urbanization, and government initiatives to improve road safety. Overall, the segmentation of the AEB market enables stakeholders to tailor their strategies and offerings to specific market segments, driving growth and innovation in the automotive safety industry.
Global Automatic Emergency Braking Segment Analysis
In this report, the Global Automatic Emergency Braking Market has been segmented by Brake, Technology and Geography.
Global Automatic Emergency Braking Market, Segmentation by Brake
The Global Automatic Emergency Braking Market has been segmented by Brake into Disc and Drum.
The segmentation of the global automatic emergency braking (AEB) market into disc and drum brakes reflects the diverse technological landscape within the automotive industry. Disc brakes, characterized by their superior stopping power and performance, have traditionally been favored for their effectiveness in emergency braking situations. With their ability to dissipate heat more efficiently and provide consistent braking performance, disc brakes are well-suited for use in AEB systems, where rapid and reliable stopping is essential to prevent or mitigate collisions.
On the other hand, drum brakes, while less common in modern passenger vehicles, still find application in certain automotive segments and regions. Although drum brakes may not offer the same level of performance as disc brakes, they are often more cost-effective and simpler in design, making them an attractive option for vehicles in emerging markets or those with budget constraints. However, the efficacy of drum brakes in AEB systems may vary depending on factors such as vehicle weight, braking distance requirements, and environmental conditions.
The segmentation of the AEB market into disc and drum brakes underscores the importance of catering to diverse vehicle types and consumer preferences. While disc brakes dominate the market due to their performance advantages, drum brakes continue to play a role, particularly in specific vehicle segments or regions where cost considerations are paramount. As AEB technology continues to evolve and become more widespread, manufacturers are likely to explore further advancements in both disc and drum brake systems to enhance safety and reliability across a broader range of vehicles and driving conditions.
Global Automatic Emergency Braking Market, Segmentation by Technology
The Global Automatic Emergency Braking Market has been segmented by Technology into Crash imminent braking, Dynamic brake support and Forward collision warning.
The Global Automatic Emergency Braking (AEB) Market is segmented by technology into three main categories: Crash Imminent Braking, Dynamic Brake Support, and Forward Collision Warning. Crash Imminent Braking systems are designed to automatically apply the brakes when a collision is deemed imminent, using sensors to detect obstacles or vehicles in the vehicle's path. This technology is crucial for mitigating the severity of accidents and reducing the risk of injuries or fatalities on the road. Dynamic Brake Support complements Crash Imminent Braking by providing additional braking force when the driver's braking efforts are insufficient to avoid a collision. It enhances the effectiveness of AEB systems by ensuring rapid deceleration in emergency situations.
Forward Collision Warning systems are another key technology in the AEB market, providing alerts to the driver when a potential collision is detected ahead. These systems use sensors to monitor the distance and relative speed of vehicles in front of the vehicle, issuing visual or audible warnings to prompt the driver to take evasive action. While Forward Collision Warning systems do not actively apply the brakes, they play a crucial role in preventing accidents by alerting drivers to potential hazards and giving them time to react appropriately. Overall, these three technologies work together to enhance vehicle safety and prevent accidents by providing early warning and automatic braking capabilities in emergency situations.
The segmentation of the AEB market by technology reflects the diverse approaches employed by automakers and suppliers to develop advanced safety systems that cater to different driving scenarios and customer preferences. Each technology has its unique advantages and applications, with Crash Imminent Braking focusing on active intervention to prevent collisions, Dynamic Brake Support providing additional braking force when needed, and Forward Collision Warning offering proactive alerts to drivers. As technological advancements continue to drive innovation in the automotive industry, the AEB market is expected to witness further growth and refinement, with manufacturers investing in research and development to enhance the effectiveness and reliability of these life-saving systems.
Global Automatic Emergency Braking Market, Segmentation by Geography
In this report, the Global Automatic Emergency Braking 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 Market Share (%), by Geographical Region, 2023
The global automatic emergency braking (AEB) market share varies across different geographical regions due to factors such as regulatory mandates, consumer preferences, and technological advancements. In North America, particularly in the United States, the AEB market has witnessed significant growth, driven by stringent safety regulations and increasing consumer demand for vehicles equipped with advanced safety features. As a result, North America holds a considerable share of the global AEB market, with leading automotive manufacturers incorporating AEB systems as standard or optional features in their vehicles to comply with safety standards and attract safety-conscious consumers.
Europe also commands a notable share of the global AEB market, owing to stringent safety regulations and the region's strong focus on vehicle safety. Countries within the European Union (EU) have implemented regulations mandating the inclusion of AEB systems in new vehicles to improve road safety and reduce the number of accidents. Consequently, automotive manufacturers in Europe have been proactive in integrating AEB technology into their vehicle models, contributing to the region's significant market share in the global AEB market.
In Asia-Pacific, the AEB market is experiencing rapid growth, fueled by increasing vehicle production, rising disposable income, and growing awareness of road safety. Countries such as China, Japan, and South Korea are witnessing a surge in the adoption of AEB systems, driven by both regulatory initiatives and consumer demand for safer vehicles. As automotive safety standards continue to evolve and technological advancements enable more affordable and reliable AEB solutions, the Asia-Pacific region is expected to further expand its share of the global AEB market 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 Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Regulatory Mandates
- Increased Focus on Safety-The global automatic emergency braking (AEB) market is experiencing a significant boost due to an increased focus on safety across the automotive industry. With rising concerns about road accidents and fatalities, both consumers and regulatory bodies are placing a greater emphasis on implementing advanced safety features in vehicles. AEB systems, which automatically apply the brakes or assist the driver in braking to prevent collisions, have emerged as a crucial technology in enhancing vehicle safety.
Automakers are increasingly prioritizing safety features like AEB to meet consumer demands for safer vehicles. As awareness of the importance of safety technology grows among consumers, there is a corresponding increase in demand for vehicles equipped with AEB systems. Additionally, organizations such as the Euro NCAP and the NHTSA are incorporating AEB performance into their safety ratings, incentivizing automakers to integrate these systems into their vehicles to achieve higher safety scores.
The increased focus on safety is not only driving demand for AEB systems in new vehicles but also creating opportunities for aftermarket retrofitting and upgrades. As consumers become more safety-conscious, there is a growing market for retrofitting existing vehicles with aftermarket AEB solutions. This presents an opportunity for aftermarket suppliers and service providers to capitalize on the demand for enhanced safety features, further driving the growth of the AEB market globally.
Restraints:
- High Implementation Costs
- Technical Challenges-In the global automatic emergency braking (AEB) market, several technical challenges hinder widespread adoption and implementation. One significant challenge is ensuring the accuracy and reliability of AEB systems across various driving conditions and scenarios. AEB systems rely on a combination of sensors, such as radar, cameras, and lidar, to detect potential collision hazards and initiate braking actions. However, factors such as adverse weather conditions, poor visibility, and complex traffic environments can affect sensor performance and compromise the system's ability to accurately perceive obstacles and react promptly.
Another technical challenge is optimizing the integration and coordination of AEB systems with other advanced driver assistance systems (ADAS) and vehicle components. AEB systems often operate in conjunction with technologies such as adaptive cruise control, lane departure warning, and collision avoidance systems. Ensuring seamless interoperability and coordination among these systems is essential to avoid conflicts and ensure effective collision mitigation without unintended consequences. Moreover, integrating AEB systems with vehicle braking systems requires precise calibration and testing to achieve optimal performance and avoid false activations or failures.
The ongoing evolution of vehicle architectures and the integration of new technologies present technical challenges for AEB system development and implementation. As vehicles become increasingly electrified, connected, and automated, AEB systems must adapt to evolving vehicle designs and electronic architectures. This includes ensuring compatibility with emerging vehicle platforms, communication protocols, and software frameworks while maintaining backward compatibility with existing vehicle fleets. Addressing these technical challenges requires continuous innovation, rigorous testing, and collaboration among automakers, suppliers, and technology providers to enhance the performance, reliability, and effectiveness of AEB systems in enhancing road safety globally.
Opportunities:
- Technological Advancements
- Market Expansion-The global automatic emergency braking (AEB) market is primed for expansion as the automotive industry witnesses a paradigm shift towards prioritizing safety features. With regulatory bodies worldwide mandating the inclusion of advanced safety technologies like AEB in new vehicles, manufacturers are compelled to incorporate these systems into their product offerings. This push for safer vehicles is not only driven by regulatory compliance but also by increasing consumer demand for enhanced safety features, fueled by a heightened awareness of road safety issues.
One significant avenue for market expansion lies in emerging economies where the automotive industry is experiencing rapid growth. As these regions undergo urbanization and witness a surge in vehicle ownership, there's a growing emphasis on improving road safety standards. Consequently, there's a ripe opportunity for AEB manufacturers to tap into these markets by offering affordable solutions tailored to the specific needs and budget constraints of consumers in these regions. Additionally, retrofitting existing vehicle fleets with aftermarket AEB systems presents another avenue for market expansion, particularly in regions with a large number of older vehicles on the road.
Advancements in technology are opening up new possibilities for market expansion. As AEB systems become more sophisticated and affordable, they are no longer confined to premium vehicle segments but are increasingly being integrated into mid-range and entry-level vehicles. This democratization of AEB technology not only broadens the customer base but also fosters healthy competition among manufacturers, ultimately driving innovation and further market expansion. Additionally, collaborations between automotive OEMs and technology companies, along with strategic partnerships with insurance providers and fleet operators, can unlock new avenues for market expansion by promoting the adoption of AEB systems across various vehicle categories and usage scenarios.
Competitive Landscape Analysis
Key players in Global Automatic Emergency Braking Market include:
- Autoliv Inc
- Bosch Group
- Continental AG
- Delphi Technologies
- Magna International Inc
- Mobileye
- ZF TRW Automotive Inc
- Tesla
- Audi
- Mercedes Benz
- AB Volvo
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 Brake
- Market Snapshot, By Vehicle
- Market Snapshot, By Technology
- Market Snapshot, By Region
- Global Automatic Emergency Braking Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Regulatory Mandates
- Increased Focus on Safety
- Restraints
- High Implementation Costs
- Technical Challenges
- Opportunities
- Technological Advancements
- Market Expansion
- 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 Market, By Brake, 2020 - 2030 (USD Million)
- Disc
- Drum
- Global Automatic Emergency Braking Market, By Technology, 2020 - 2030 (USD Million)
- Crash imminent braking
- Dynamic brake support
- Forward collision warning
- Global Automatic Emergency Braking 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 Market, By Brake, 2020 - 2030 (USD Million)
- Competitive Landscape
- Company Profiles
- Autoliv Inc
- Bosch Group
- Continental AG
- Delphi Technologies
- Magna International Inc
- Mobileye
- ZF TRW Automotive Inc
- Tesla
- Audi
- Mercedes Benz
- AB Volvo
- Company Profiles
- Analyst Views
- Future Outlook of the Market
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