"Market Intelligence for High-Geared Performance"
The global autonomous emergency braking (AEB) market Size was valued at USD 2.8 billion in 2018 and is projected to reach USD 5.1 billion by 2026, exhibiting a CAGR of 8.1% during the forecast period.
As per the World Health Organization (WHO), around 1.25 million people are killed in road accidents every year. As per the WHO’s report, the number of road accidents in developing countries is very high. For example, in 2017, around 63000 people died and 200500 people were severely injured in road accidents in China. Many governments across the globe have imposed stringent regulations to curb rising road accidents. Key OEMs have invested heavily in R&D to develop technologically advanced autonomous emergency braking. It is considered to be one of the best driver assistance active safety equipment. AEB monitors the traffic condition around the vehicle, as it alerts the driver if the vehicle is nearing any obstacle. If the driver does not apply the brakes or fails to apply brakes because of negligence, the autonomous emergency braking system automatically applies the brake and avoids collision of the vehicle.
Request a Free sample to learn more about this report.
Increasing Adoption Of Autonomous Cars is One of the Rising Trends in this Market
Advanced technologies, such as self-driving or automated driving is one of the rising trends in the AEB market.
Autonomous driving is a combination of multiple things such as radar, LiDAR, V2X communications, and more to improve the driving efficiency of the vehicle. Autonomous cars integrated with ADAS are expected to make driving safer than before as all the monitoring, steering, and braking will be automatically done by sensors, radars, and LiDAR. Increasing the use of the autonomous driving vehicle is also anticipated to provide higher efficiency as the flow of fuel will be controlled automatically as per the speed of the vehicle.
Increasing Sale of Vehicles across the Globe to Drive the Market
Increasing sale of vehicles across the globe is expected to drive the market over the forecast period. Evolving consumer preference towards fuel-efficient vehicles has compelled the manufacturers to equip lightweight components in vehicles as these components reduce the weight of the vehicles and increase fuel efficiency. Increasing demand for fuel-efficient vehicles equipped with advanced safety features is the factor responsible for the rising sale of vehicles. Key manufacturers are heavily investing R & D activities to manufacture AEB integrated with ADAS. This is done to increase the stopping distance of vehicles. Stringent regulations imposed on the manufacturers is also driving the growth of the market.
Rising Adoption of Advanced Braking System is Propelling the Market
The growing inclination of consumers towards the advanced braking system is driving this market. The rising number of road accidents has also fuelled the demand for the advanced braking system. This has forced the manufacturers to install autonomous emergency braking in all the variants of vehicles. Increasing disposable income of consumers and their changing preference towards vehicles that are fully loaded with active safety features is driving the AEB market. Increasing sale of a passenger car is also one of the factors fuelling the growth of AEB over the forecast period.
High Installation Cost of Autonomous Emergency Braking to Hamper Market Growth
Installation of AEB in turn increases the cost of vehicles. Installation and maintenance of autonomous emergency braking cost approx $2000. Therefore, the high installation and maintenance cost of AEB is anticipated to hinder the growth of the market.
To know how our report can help streamline your business, Speak to Analyst
Disc Type Segment to Dominate the Market
Based on the brake type, this market is segmented into disc and drum. The disc brake segment is likely to dominate the market over the forecast period amid the rising adoption of AEB in commercial vehicles and passenger cars. Many governments have imposed safety norms on automotive manufacturers to reduce the stopping time of the vehicle. Therefore, disc brakes are largely used in most of the vehicles. Increasing vehicular emissions is the prime reason for the installation of disc brakes, as these brakes are light in weight and reduce the overall weight of the vehicle. Hence, it reduces the emissions caused by vehicles. The drum brakes segment is expected to show steady growth in the market. Low maintenance and cost of vehicles are factors set to fuel the demand for drum brakes over the forecast period.
Crash Imminent Braking Segment to Dominate
The crash imminent braking segment holds the largest AEB market share in technology type. This is a very advanced type of autonomous braking. It is one of the most reliable systems in the braking market. Crash imminent braking is also integrated with a forward-collision warning system which provides vital information to the ECU about any vehicle or obstacle nearing the car. This, in turn, alerts the driver to apply brakes. If the driver fails to apply the brake within a specified time, the crash imminent braking system automatically applies the brakes and avoids collision of the vehicle. The rising adoption of this system in passenger cars is helping to maintain its dominance. The dynamic braking system segment is expected to show steady growth during the forecast period. It works in a situation where the driver of the vehicle has already applied the brakes, but it’s not sufficient enough to stop the vehicle. In such a situation, the dynamic braking system automatically applies the required amount of braking force and stops the vehicle. The rising adoption of this technology in commercial vehicles is expected to contribute to its steady growth during the forecast period.
Passenger Cars Segment is Expected to Lead in this Market
Based on vehicle type, this market is segmented into passenger cars and commercial vehicles. The passenger car segment is anticipated to dominate the market over the forecast period. Stringent regulations imposed by the governments to install driver assistance systems in vehicles are fuelling the growth of this segment. Rising vehicle production across the globe is also one of the significant factors maintaining the dominance of the passenger car segment. The commercial vehicle segment is expected to show steady growth over the forecast period. The rising adoption of AEB in the commercial vehicle segment is expected to maintain its growth.
Asia Pacific Autonomous Emergency Braking Market Size, 2018 (USD Billion)
To get more information on the regional analysis of this market, Request a Free sample
Based on the region, the market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia-Pacific is expected to dominate the market over the forecast period. Major countries such as Japan, India, and China have made it mandatory to install AEB in all variants of the vehicles. The availability of raw materials at a very low cost is fuelling the sale and production of AEB in this region. The high export of autonomous emergency braking systems to all parts of the world is also a prime factor for the dominance of this region. Europe is expected to hold the second-largest position in the market. Stringent government regulations imposed in this region have forced the manufacturers to adopt safety equipment in all variants of the vehicles. Early adoption of advanced technology in this region is also another factor contributing to the growth of this region in the market. North America is anticipated to show good growth in the market. The presence of major key players in this region and growing awareness of consumers regarding the safety of vehicles are expected to fuel growth in this region.
Diverse Portfolio and Core Focus on Product Development of Robert Bosch GmbH is Expected to Help Retain Its Leading Position
Robert Bosch GmbH continues to lead the global autonomous emergency braking market. Rising partnerships and acquisitions with tier 1 & tier 2 companies in Asia-Pacific region is strengthening the company’s global market position in the AEB market. The development of advanced components amid a partnership with key companies is responsible for the dominance of Bosch.
The autonomous emergency braking market report provides a detailed analysis of the market and focuses on key aspects such as leading companies, product types, and leading applications of the product. Besides this, the report offers insights into the market trends and highlights key industry developments. In addition to the factors above, the report encompasses several factors that have contributed to the growth of the market over recent years.
An Infographic Representation of Automotive Autonomous Emergency Braking System (Aeb) Market
To get information on various segments, share your queries with us
Value (USD billion) & Volume (million units)
By Brake Type
By Technology Type
By Vehicle Type
Fortune Business Insights says that the global market size was USD 2.8 billion in 2018 and is projected to reach USD 5.1 billion by 2026.
In 2018, the market value stood at USD 2.8 billion.
The market is projected to grow at a CAGR of 8.1% in the forecast period (2019-2026).
The technology type segment is the leading segment in this market.
Stringent government regulations is a key factor driving the market.
Robert Bosch GmbH is the leading player in the global market.
Asia-Pacific held the highest market share.
Growing sales and production of vehicles are expected to drive the adoption of autonomous emergency braking.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry