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Autonomous Emergency Braking (AEB) Market to Exhibit a CAGR of 14.8% Between 2023-2030; Revolutionizing Vehicle Safety Fueled by Regulatory Support and Consumer Demand

August 01, 2023 | Automotive & Transportation

The global Autonomous Emergency Braking (AEB) market size was USD 31.35 billion in 2022. The market is projected to grow from USD 35.68 billion in 2023 to USD 93.74 billion by 2030, exhibiting a CAGR of 14.8% during the forecast period. Fortune Business Insights™ presents this information in its report titled “Autonomous Emergency Braking (AEB) Market Size, Share & COVID-19 Impact Analysis, By Vehicle Type (Passenger Vehicles, Commercial Vehicles), By System (Low Speed AEB, High Speed AEB), By Technology (Crash Imminent Braking, Dynamic Brake Support), and Regional Forecasts, 2023-2030”.


The Autonomous Emergency Braking market share is expected to grow robustly due to the rising consumer demand for vehicles with advanced safety features. Governments and regulatory bodies worldwide are placing greater emphasis on enhancing vehicle safety standards, contributing to the increased adoption of AEB systems by automotive manufacturers. As road safety remains a key priority and technological advancements continue, consumers are gaining a deeper understanding of the advantages offered by Autonomous Emergency Braking systems.


Temporary Market Decline and Resilient Regulatory Support Drive AEB System Dynamics

Pandemic-induced disruptions in production had a direct impact on the installation of AEB systems in new vehicles, leading to a temporary downturn in the market. Economic uncertainties and lockdown measures caused many consumers to defer their vehicle purchases, reducing the demand for advanced braking systems typically installed in new vehicles. Despite the market setback, government and regulatory focus on vehicle safety persisted, with ongoing safety regulations and standards mandating or incentivizing the incorporation of advanced braking systems.


ZF's Commercial Vehicle Division Unveils Adjustable Electric Power Steering

ZF's Commercial Vehicle, a prominent manufacturer of auto components, unveiled its "OnGuardMax" autonomous emergency braking system and adjustable electric power steering feature on two heavy-duty trucks during separate showcases in October 2022. These innovative technologies are set to be launched in the North America market soon.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/industry-reports/automotive-autonomous-emergency-braking-system-aeb-market-101910



Advancing Sensor Technology for Enhanced Object Detection in Advanced Braking Systems


Automotive manufacturers and technology firms are dedicating resources to the development of advanced sensors such as radar, LIDAR, and cameras. Research and development endeavors focus on enhancing the detection and recognition capabilities of advanced braking systems, enabling them to identify various objects such as vehicles, pedestrians, cyclists, and stationary obstacles. This entails the utilization of sophisticated algorithms and machine learning techniques to analyze sensor data swiftly and accurately. Through strategic investments in R&D, industry players strive to enhance the effectiveness, reliability, and overall performance of advanced braking systems. These technological advancements instill consumer confidence, align with regulatory requirements, and fuel the widespread adoption of advanced braking system technologies.


Challenges in retrofitting may put limitations in vehicle compatibility and market adoption, stifling the Autonomous Emergency Braking market growth.


Competitive Landscape


Bosch's Global Leadership Strengthened by Acquisitions and Partnerships


Bosch remains at the forefront of the global market, further solidifying its position through collaborations and acquisitions with tier 1 and 2 companies in the Asia-Pacific region. Through key partnerships and the development of advanced components, Bosch has established its dominance in AEB systems.


Notable Industry Development: 


May 2023: Tesla updated its automatic emergency braking with the ability to operate in reverse driving mode. This new functionality is expected to improve driver and passenger safety during reverse driving.


List of Key Players Profiled in the Report:



  • Robert Bosch GmbH (Germany)

  • Continental AG (Germany)

  • ZF Friedrichshafen AG (Germany)

  • Delphi Automotive LLP (U.K.)

  • Hyundai Mobis (South Korea)

  • Aisin Seiki Co. Ltd (Japan)

  • Hitachi Automotive System Ltd. (Japan)

  • Mando Corporation (South Korea)

  • Netradyne (India)

  • Valeo S.A. (France)


Further Report Findings:



  • North America holds a prominent position in the global market, propelled by the mounting emphasis on road safety and the rising demand for advanced braking systems to mitigate collisions.

  • Asia Pacific Original Equipment Manufacturers (OEMs) are actively incorporating AEB systems into their vehicle models to meet the growing demand for advanced safety features, fostering competition and further stimulating the demand for advanced braking systems in the region.


Report Scope & Segmentation



















































  ATTRIBUTE



  DETAILS



Study Period



2019-2030



Base Year



2022



Estimated Year



2023



Forecast Period



2023-2030



Historical Period



2019-2021



Growth Rate



CAGR of 14.8% from 2023 to 2030



Unit



Value (USD Billion)



Segmentation



By Vehicle Type



  • Passenger Vehicles

  • Commercial Vehicles



By System



  • Low Speed AEB

  • High Speed AEB



By Technology



  • Crash Imminent Braking

  • Dynamic Brake Support



By Geography



  • North America (By Vehicle Type, By System, By Technology)

    • U.S. (By System)

    • Canada (By System)

    • Mexico (By System)



  • Europe (By Vehicle Type, By System, By Technology)

    • U.K. (By System)

    • Germany (By System)

    • France (By System)

    • Italy (By System)

    • Rest of Europe (By System)



  • Asia Pacific (By Vehicle Type, By System, By Technology)

    • China (By System)

    • India (By System)

    • Japan (By System)

    • South Korea (By System)

    • Rest of Asia Pacific (By System)



  • Rest of the World (By Vehicle Type, By System, By Technology)


Autonomous Emergency Braking (AEB) Market
  • PDF
  • 2022
  • 2019-2021
  • 180

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