Autonomous Emergency Braking (AEB) System Market Share, Size, Trends, Industry Analysis Report, By System (Low-speed AEBS, and High-speed AEBS); By Vehicle Type; By Technology; By Region; Segment Forecast, 2024- 2032
- Published Date:Nov-2023
- Pages: 117
- Format: PDF
- Report ID: PM1422
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
The global autonomous emergency braking system market was valued at USD 35.19 billion in 2023 and is expected to grow at a CAGR of 23.20% during the forecast period.
Autonomous emergency braking (AEB) system is a feature that improves the safety of the vehicle by warning the driver about a forthcoming crash and provides assistance by using the extreme braking capacity of the car. It applies brakes independently if the situation becomes critical and no human response is received. It uses onboard sensors, cameras, and radars to detect vehicles, pedestrians, and other obstacles.
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This system has become mandatory in the U.S. and Europe to reduce fatalities caused by road accidents. The rise in a number of road accidents boosts the demand for autonomous emergency braking systems market growth. Further, the high adoption rate of advanced braking systems is also expected to fuel the autonomous emergency braking system market growth.
Additionally, the widespread use of Advanced Emergency Braking (AEB) Systems contribute to the prevention or mitigation of collisions. This system primarily works to avoid collisions with moving or stopped vehicles or to mitigate their impact. This can be done by giving the driver warnings or, if necessary, by having the car automatically brake. Advanced systems also increase their responsiveness to other road users, including bicycles, pedestrians, and cyclists.
- For instance, in May 2023, Tesla rolled out a new software update to its vehicles, introducing a host of new functionalities. These include the capacity to manage phone calls using the steering wheel controls and the capability to recognize speed limit signs. The latest software update now enables the AEB to function while in reverse, albeit with some restrictions on its capabilities. Additionally, it expands the range of forward speeds at which the system can operate.
However, the high cost of installation is anticipated to hinder the growth of the autonomous emergency braking system market. Moreover, increase in demand for luxury vehicles and increased passenger vehicle registration is projected to offer an ample number of opportunities to key players in this market.
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Growth Drivers
Increased number of road accidents and focus on road safety is projected to spur the product demand.
Increasing focus on road safety along with an understanding of the benefits provided by advanced driver-assistance systems (ADAS), has fueled the broad acceptance of the autonomous emergency braking system. Governments and regulatory bodies across the globe are actively advocating for, and in certain instances, requiring the integration of AEB in vehicles as a means to reduce accidents and safeguard lives.
Furthermore, the increasing prevalence of distracted driving, largely attributable to the widespread use of mobile devices highlight the necessity for automated safety features such as AEB. This system serves as a fail-safe, intervening when a driver may not be able to respond promptly. Additionally, insurance companies are acknowledging the efficacy of AEB in mitigating accident severity, and as a result, they are providing incentives or discounts to vehicle owners who have this feature integrated.
Report Segmentation
The market is primarily segmented based on system, vehicle type, technology, and region.
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By System Analysis
High-speed AEBS segment is expected to witness highest growth during forecast period
The high-speed autonomous emergency braking (AEB) system segment is projected to grow at a CAGR during the projected period, as high-speed AEBS are equipped with long-range radar, which are capable enough to scan up to 200 meters ahead and apply auto-brakes in case of emergencies. In addition, safe night driving and the potential to prevent possible collisions drive the growth of the high-speed autonomous emergency braking (AEB) system market. The development of more reliable systems is a major opportunity for market expansion.
Moreover, the low-speed autonomous emergency braking (AEB) system accounts for the largest share of the autonomous emergency braking (AEB) system market. Safe city driving, passenger safety, driver warning systems, and crash avoidance or reduced impact of the potential crash fuel the growth of low-speed AEBS solutions. Furthermore, for speeds less than 30km/h, these systems have the potential to eliminate or reduce injuries, such as whiplash, and minimize vehicle damage. Best recognition and analysis of the potential crash during low speed of vehicle acts as opportunities for market expansion.
By Vehicle Type Analysis
Passenger vehicle segment accounted for the largest market share in 2022
The passenger vehicle segment accounted for the largest market share in 2022 and is likely to retain its market position throughout the forecast period. Features such as better gas mileage, less cost of cars as compared to larger vehicles, and easy to park and maneuvering fuel the adoption of passenger cars globally. The National Highway Traffic Safety Administration (NHTSA), an agency of the Executive Branch of the U.S. government, part of the Department of Transportation, introduced a standard that requires electronic stability control systems on passenger vehicles, which reduces vehicle crashes by 34%. Thus, enhanced safety and security features provide growth opportunities for the passenger car segment.
By Technology Analysis
Dynamic Brake Support segment held the significant market revenue share in 2022
The dynamic brake support (DBS) segment held a significant market share in revenue share in 2022. DBS technology possesses the ability to avoid road accidents by warning and braking automatically if the driver’s response is less to avoid the crash. This, along with the high rate of adoption of advanced braking systems, drives the growth of DBS technology. The development of more reliable DBS technologies and an increase in the sale of luxury vehicles create lucrative opportunities for market growth.
However, the crash-imminent braking market is expected to be the fastest-growing segment. Detection of an impending forward crash with another vehicle in time, avoidance of the crash, mitigation of the crash, and increased road accidents fuel the growth of the crash imminent braking (CIB) market. Moreover, this technology either eliminates or reduces injuries, such as whiplash and minimizes vehicle damage. More reliable CIB technologies and increased luxury vehicle sales present opportunities for market expansion.
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Regional Insights
North America region dominated the global market in 2022
The North America region dominated the global market with the largest market share in 2022 and is expected to maintain its dominance over the anticipated period. North American countries favor the use of AEBS as it provides safety and security for drivers & vehicles, which fuels the growth of the market. Moreover, some of the countries are mandating the incorporation of these tools.
For instance, the U.S. is in a process of making AEBS as a standard safety feature compulsory in all types of vehicles by 2022. Increased demand for luxury vehicles creates lucrative opportunities for the market.
Moreover, in 2016, according to an agreement between the National Highway Traffic Safety Administration (NHTSA), The U.S. Department of Transportation, and 20 major automakers have made automatic emergency braking a standard feature in all new vehicles by 2022. This feature will stop the car, or at least slow it down, if the driver does not react in time.
Furthermore, the AEB technology is already available in Canada and is featured in some of the new vehicle models. Transport Canada is evaluating this technology and has conducted tests on a variety of vehicles with it and is expected to continue such tests to fully assess AEB under Canadian climactic conditions.
The Asia-Pacific region is expected to be the fastest-growing region in the autonomous emergency braking system market. Reduced crash collision, safe city driving, reduced fatalities, and reduced rear-end collisions drive the Asia-Pacific autonomous emergency braking system market. Furthermore, increased passenger vehicle registration creates lucrative opportunities for market expansion.
Key Market Players & Competitive Insights
The autonomous emergency braking system market is fragmented and is anticipated to witness competition due to several players' presence. Major service providers in the market are constantly upgrading their technologies to stay ahead of the competition and to ensure efficiency, integrity, and safety. These players focus on partnership, product upgrades, and collaboration to gain a competitive edge over their peers and capture a significant market share.
Some of the major players operating in the global market include:
- Aptiv
- Aisin Seiki Co., Ltd.
- Autoliv Inc.
- Continental AG
- Delphi Automotive LLP
- Denso Corporation
- Hitachi Automotive Systems
- Hyundai Mobis
- Knorr-Bremse AG
- Magna International Inc.
- Panasonic Corporation
- Robert Bosch LLC
- Valeo
- WABCO Holdings Inc.
- ZF Friedrichshafen AG
Recent Developments
- In April 2020, Veoneer revealed a preliminary agreement to transfer its U.S. brake control business to ZF Friedrichshafen AG.
Autonomous Emergency Braking (AEB) System Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 42.58 billion |
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Revenue forecast in 2032 |
USD 226.65 billion |
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CAGR |
23.20% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
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Segments covered |
By System, By Vehicle Type, By Technology, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
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