Autonomous Emergency Braking System Market: Global Industry Analysis and Forecast (2023-2029)

Autonomous Emergency Braking System (AEBS) Market was valued at US$ 27.41 Bn. in 2022. Global Autonomous Emergency Braking System (AEBS) Market size is estimated to grow at a CAGR of 23% over the forecast period.
Autonomous Emergency Braking System (AEBS) Market Overview:
An autonomous emergency braking system (AEBS) is a new safety technology that monitors traffic conditions ahead of time and stops the automobile automatically if the driver fails to respond to an emergency scenario. Experts consider AEB to be as crucial as seatbelts, but instead of protecting the occupant in the event of a crash, it seeks to prevent the crash from occurring in the first place. The autonomous emergency braking system application industry is involved in advanced driver assistance systems (ADAS).To know about the Research Methodology :- Request Free Sample Report

2022 is considered as a base year to forecast the market from 2023 to 2029. 2022’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2029. 2020 is a year of exception and analysis, especially with the impact of lockdown by region.
Autonomous Emergency Braking System (AEBS) Market Dynamics:
Increase in the Number of Traffic Collisions:

According to a World Health Organization fact sheet, road traffic injuries are the biggest cause of death among those aged 15 to 29 years old, with 1.25 million people dying each year as a result of a road accident. Furthermore, despite having 54 percent of the world's vehicles, low and middle-income countries account for 90% of all road fatalities. Furthermore, road traffic accidents cost most countries 3% of their gross domestic product (GDP). As a result of these considerations, there is a higher need for automobiles with autonomous emergency braking systems (AEBS) for the vehicle's, driver's, and passengers' safety and security.

AEB systems can cut injury claims by up to 35%, according to multiple real-world studies, including recent research from the Insurance Institute for Highway Safety in the United States. AEB systems use forward-looking radar, cameras, or optical sensors, or a mix of these sensors, to identify oncoming cars, pedestrians, and maybe other obstructions swiftly and precisely. This data can then be utilized to apply the brakes, which can produce up to 1 g of brake force deceleration, in order to avoid or mitigate crashes. AEB is designed to aid the driver by automatically applying the brakes if they do not respond in an imminent collision situation.

Advanced Emergency Braking System Has a High Adoption Rate:

In terms of crash avoidance and mitigation, advanced emergency braking systems (AEBS) have a lot of potentials. The primary goal of AEBS is to avoid or at the very least lessen a collision with a car ahead of you or a stopped vehicle. This can be accomplished by either alerting the driver or, if necessary, breaking the car autonomously. Pedestrians, bicyclists, and other road users are also addressed by systems with increased functions. The benefits of AEBS are boosting its acceptance rate over the world. According to the German Automobile Club (ADAC), improved emergency braking systems are already available for around 85 percent of all passenger car types in Germany.

AEB systems built for urban environments can travel up to 50 miles per hour. They mitigate or reduce the severity of the accident by traveling between 50 and 30 miles per hour. They assist avoid collisions by traveling at a speed of 15 to 30 miles per hour. If the driver is unable to reply, the automobile steps in and takes the appropriate actions. In high-speed AEB systems, the radar scans up to 150 feet ahead of the car, detects potential impediments, and informs the driver. The system intervenes and applies the brakes if the driver does not respond.
New Technologies are adopted by Key Players:
EyeSight is a Subaru AEB system that consists of two cameras installed above the windscreen that constantly monitor the way ahead. If it senses a problem, it can even bring the automobile to a complete stop at city speeds. Two radars are located behind the tyre and grill inexpensive cars such as Mercedes. You may set the cruise control to the speed you want to travel at and it will ask you how much distance you want to keep between you and the traffic ahead of you. On the cruise control, you can set a dial and lengthen a virtual bumper. Even if the vehicle ahead slows down, the AEB maintains the predetermined distance by applying the brakes as needed.

Challenges Associated with AEB: Case Scenario:

Though it is a fantastic tool to have in your automobile, it does have restrictions because it only works in particular situations. At greater speeds, AEB may not be effective. As a result, driving assistance is limited. If the radar sensors are covered or the camera is dirty, AEB operation may be temporarily hampered. In terrible weather, poor illumination, fog, snow, or other harsh weather conditions, AEB may not be effective. There have been issues with the AEB technology in some newer vehicles being poorly constructed or calibrated, which has caused problems. AEB systems, on the other hand, cannot be adapted into earlier automobiles.
Autonomous Emergency Braking System (AEBS) Market Segment Analysis:
Low-Speed AEBS Segment: Higher Adoption Rate is dominating the market:

In 2022, the Low-speed AEBS sector accounted for 64% of the entire worldwide autonomous emergency braking system market, and it is predicted to increase at a CAGR of 15.3% over the forecast period. Low-speed AEBS is designed to identify a low-speed front-end collision that is about to happen. The rise of the low-speed AEBS category is being driven by rising safety demand and rising road safety concerns as a result of the growing number of vehicles on the road. The paper covers government rules, automotive safety standards, and vehicle manufacturer initiatives by country.

Crash Imminent Braking Segment is foreseeing the higher growth rate:

During the projected period, the Crash Imminent Braking market is expected to develop at a CAGR of 14.09%. The growth rate of the Crash Imminent Braking category in the autonomous emergency braking system market has been accelerated by the rising front crash rate, severe driving fatality rate, and consumer choice for improved safety in-vehicle. Pre-crash prevention systems can increase the crashworthiness of a vehicle. When a vehicle collision is unavoidable, the CIB activates full-authority last-second braking to dissipate energy from the collision, as well as pre-tensioning seatbelts to increase occupant coupling and pre-arming airbags to shorten airbag deployment timings. The advanced activation of safety equipment minimizes the impact of a crash, and authorities value this technology.

New Developments in the Market:

Continental AG has inked a deal with the Allgemeiner Deutscher Automobil-Club, a German company, to provide training and run initiatives to raise safety awareness among vehicle drivers.

In April 2021, Veoneer announced an initial deal with ZF Friedrichshafen AG to transfer the US brake control business.

Mercedes-Benz introduced a radar sensor framework to its M-Class moderate size extravagance SUV, which monitors the separation between various automobiles. The third-generation M-Class is available in four models: an ML350 with bi-supercharged V-8, V-6 gasoline engine, ML350 BlueTEC diesel, and the elite ML63 AMG.
Autonomous Emergency Braking System (AEBS) Market Regional Insights:
Asia Pacific Region is expected to dominate the market owing to Demographic Demands:

The Autonomous Emergency Braking System market in Asia-Pacific is predicted to lead the global market in the forecast period, thanks to the region's growing automotive sector and vehicle safety standards. The need for advanced and dependable Autonomous Emergency Braking systems is increasing due to increased investment and growing vehicle safety concerns. Furthermore, market growth is being fueled by urbanization and the expansion of intercity transportation. In terms of market share in Autonomous Emergency Braking systems, China is predicted to be the largest market, accounting for xx percent of the global immediate Autonomous Emergency Braking System.

Consumer emotion and a lack of functional clarity could be the biggest roadblocks to the automated emergency braking (AEB) system market's growth. Consumer perception is critical since it contributes to the overall impression of the product among consumers. Consumers are often more cautious, and they may be less willing to choose new products that affect passenger safety. For example, in 2016, a serious crash involving Tesla's Model S with the Autopilot feature resulted in the death of one person. AEB, lane departure warning and other safety systems were included in the vehicle. Such instances erode the credibility of such systems and raise concerns about their dependability in terms of passenger safety.

The objective of the report is to present a comprehensive analysis of the global Autonomous Emergency Braking System (AEBS) Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Autonomous Emergency Braking System (AEBS) Market dynamic, structure by analyzing the market segments and projecting the Autonomous Emergency Braking System (AEBS) Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Autonomous Emergency Braking System (AEBS) Market make the report investor’s guide.
Autonomous Emergency Braking System (AEBS) Market Scope: Inquiry Before Buying



Autonomous Emergency Braking System (AEBS) Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US$ 27.41 Bn.


Forecast Period 2023 to 2029 CAGR:
23%
Market Size in 2029:
US$ 116.77 Bn.


 Segments Covered:
by Product Type
Low-speed AEBS
High-speed AEBS


by Technology
Crash Imminent Braking
Dynamic Brake Support
Camera
Fusion
LiDAR
Radar


by Vehicle Type
Passenger Car
Light Commercial Vehicle
Medium & Heavy Commercial Vehicle
Autonomous cars



Autonomous Emergency Braking System (AEBS) Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Autonomous Emergency Braking System (AEBS) Market Key Players
1. Continental AG (Germany)
2. Valeo S.A. (France)
3. Autoliv, Inc. (Sweden)
4. Infineon Technologies AG (Germany)
5. Knorr-Bremse AG (Germany)
6. Robert Bosch GmbH (Germany)
7. Delphi Automotive LLP (Ireland)
8. ZF Friedrichshafen AG (Germany)
9. Mobileye (Israel)
10. Hyundai Mobis (Japan)
11. AISIN SEIKI Co. Ltd. (Japan)
12. Hitachi Automotive Systems Ltd. (Japan)
13. Mando Corporation (South Korea
14. DAF (Netherlands)

Frequently Asked Questions:

1. Which region has the largest share in Global Autonomous Emergency Braking System (AEBS) Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Autonomous Emergency Braking System (AEBS) Market?
Ans: The Global Autonomous Emergency Braking System (AEBS) Market is growing at a CAGR of 23% during forecasting period 2023-2029.

3. What is scope of the Global Autonomous Emergency Braking System (AEBS) market report?
Ans: Global Autonomous Emergency Braking System (AEBS) Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Autonomous Emergency Braking System (AEBS) market?
Ans: The important key players in the Global Autonomous Emergency Braking System (AEBS) Market are – Continental AG (Germany), Valeo S.A. (France), Autoliv, Inc. (Sweden), Infineon Technologies AG (Germany), Knorr-Bremse AG (Germany), Robert Bosch GmbH (Germany),

5. What is the study period of this market?
Ans: The Global Autonomous Emergency Braking System (AEBS) Market is studied from 2022 to 2029.