Autonomous Emergency Braking System Market Size

Autonomous Emergency Braking System Market Overview:

The Autonomous Emergency Braking System Market size was valued at USD 12.1 Billion in 2023. The Autonomous Emergency Braking System industry is projected to grow from USD 14.42 Billion in 2024 to USD 49.6 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 16.69% during the forecast period (2024 - 2032). Increased sales of luxury vehicles and an increase in the number of accidents are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Autonomous Emergency Braking System Market Trends

Increased sales of self-driving cars are propelling the market growth.

Market CAGR for autonomous emergency braking system is being driven by the increased sales of self-driving cars. One of the emerging trends in the AEB industry is the use of innovative technologies like as self-driving or computerized driving. Autonomous driving is a conglomeration of various technologies, including RADAR, LiDAR, V2X sales, and marketing communications. Autonomous vehicles equipped with ADAS are required to make driving less risky than it was previously because all monitoring, steering, and stopping will be performed automatically by receptors, radars, and LiDAR. Increasing the use of the independent boosting vehicle is also likely to improve efficiency because the fuel flow will be adjusted automatically in line with the vehicle's speed. The evolving consumer need for fuel-efficient automobiles has encouraged manufacturers to outfit vehicles with light and portable components, which reduce vehicle weight. One of the elements driving vehicle sales growth is an increase in demand for fuel-efficient automobiles outfitted with sophisticated basic safety measures. The major manufacturers are heavily investing on R&D to build ADAS-integrated AEB. This is done to increase vehicle stopping distance.

Moreover, the increasing sale of vehicles around the world is likely to boost the market over the forecast period. Consumer need for fuel-efficient automobiles has driven manufacturers to include lightweight components in vehicles, which reduce vehicle weight and boost fuel efficiency. The increased desire for fuel-efficient automobiles equipped with enhanced safety features is to blame for the increase in vehicle sales. Key manufacturers are extensively investing on R&D activities to create AEB integrated with ADAS. This is done to increase a vehicle's stopping distance. Manufacturers' compliance with stringent rules is also fueling industry expansion.

This industry is being driven by consumers' increased preference for better braking systems. The rising incidence of traffic accidents has also increased demand for improved braking systems. This has compelled vehicle makers to include automated emergency braking in all vehicle types. Consumers' increasing discretionary income and shifting preference for vehicles outfitted with active safety technologies are driving the AEB industry. Increased passenger car sales are also one of the elements driving AB's growth over the anticipated period.

Autonomous Emergency Braking System Market Segment Insights:

Autonomous Emergency Braking System  By Technology Insights

The Autonomous Emergency Braking System Market segmentation, based on Technology includes Forward Collision Warning, Dynamic Brake Support, and Crash Imminent Braking. In 2022, the dynamic brake support category will dominate the automatic emergency braking market. The Dynamic brake Support (DBS) safety function is designed to assist drivers in emergency braking situations by raising brake pressure in response to unexpected braking occurrences.

Autonomous Emergency Braking System By System Insights

The Autonomous Emergency Braking System Market segmentation, based on System, includes Low speed system, higher speed system, Pedestrian system. The low-speed System segment dominates the market for automated emergency braking. Low-Speed AEB Systems are intended to prevent collisions at lesser speeds of up to 50 km/h (31 mph). They're especially useful for parking and city driving because sensors identify obstructions and apply brakes as needed. Many modern autos are now equipped with low-speed AEB devices as standard equipment or as an optional feature.

Autonomous Emergency Braking System By Vehicle Type Insights

The Autonomous Emergency Braking System Market segmentation, based on vehicle Type, includes Passenger Vehicles, Commercial Vehicles. The passenger vehicles category dominates the market for automatic emergency braking. Recent passenger cars are frequently outfitted with ADAS, having AEB as either a standard or optional function. SUVs, cars, minivans, and other personal vehicles fall into this category. Recently, the industry has experienced a shift toward cleaner, lower-emission cars. Modern technologies are increasingly in demand, both inside and outside of the passenger vehicle industry.

Figure1: Autonomous Emergency Braking System Market, by Vehicle Type, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Autonomous Emergency Braking System Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Autonomous Emergency Braking System Market area will dominate this market, because of the increasing demand for enhanced safety features in vehicles, the region has seen extensive adoption of advanced driver assistance systems (ADAS).

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2: Autonomous Emergency Braking System Market Share By Region 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Autonomous Emergency Braking System Market accounts for the second-largest market share because of the existence of prominent manufacturers and market participants. Further, the German Market held the largest market share, and the UK market was the fastest growing market in the European region

The Asia-Pacific Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to rise in automobile production in China, and rising disposable income. Moreover, China’s Market held the largest market share, and the Indian Market was the fastest growing market in the Asia-Pacific region.

Autonomous Emergency Braking System Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Autonomous Emergency Braking System industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Autonomous Emergency Braking System industry to benefit clients and increase the market sector. In recent years, the Autonomous Emergency Braking System industry has offered some of the most significant advantages to medicine. Major players in the Autonomous Emergency Braking System Market, including Valeo (France), Hyundai Mobis (South Korea), Autoliv Inc (Sweden), ZF Friedrichshafen (German), Hitachi Automotive Systems (Japan), Mando Corporation (South Korea) and others, are attempting to increase market demand by investing in research and development operations.

Valeo is a French worldwide automotive supplier with headquarters in France and a stock exchange listing on the Paris Stock Exchange. It offers a diverse range of products to OEMs and aftermarket customers. The Group employs 113,600 employees across 33 countries. It comprises 186 manufacturing sites, 59 research and development centres, and 15 distribution platforms. Its strategy is centred on innovation and development in high-growth regions and emerging markets. Valeo's sales increased 4% to €19.1 billion in 2018. It was also the leading patent filer in France. In January 2019, Valeo revealed revolutionary new ideas at CES 2019 in Las Vegas that will transform digital mobility, powertrain electrification, and driverless vehicles. The company's two standout products, Valeo Voyage XR and Valeo Drive4U Remote, would aid in animating a person's virtual presence as well as working autonomous automobiles remotely and separately.

Hitachi, Ltd. is a Japanese multinational firm based in Chiyoda, Tokyo, Japan. It is the parent firm of the Hitachi Group and was once a member of the Nissan zaibatsu, DKB Group, and Fuyo Group of companies before DKB and Fuji Bank (the primary Fuyo Group entity) combined to establish the Mizuho Financial Group. As of 2020, Hitachi's business ranges from IT to infrastructure, including AI, the Internet of Things, and big data. Namihei Odaira (1874-1951), an electrical engineer, founded Hitachi in Ibaraki Prefecture in 1910. The company's first product was Japan's first 4-kilowatt (5-horsepower) induction motor, which was originally designed for use in copper mining. In April 2020, Hitachi Automotive Systems purchased Seneos, a company that focuses on autonomous software technologies.

Key Companies in the Autonomous Emergency Braking System market include

• Continental AG (Germany)


• Denso Corporation (Japan)


• Robert Bosch (Germany)


• Valeo (France)


• Hyundai Mobis (South Korea)


• Autoliv Inc (Sweden)


• ZF Friedrichshafen (German)


• Hitachi Automotive Systems (Japan)


• Mando Corporation (South Korea)


• Aisin Seiki Co (Japan)

Autonomous Emergency Braking System Industry Developments

April 2024- In April 2024, the National Highway Traffic Safety Administration planned to grow current research into the frightening tendency of some modern Hondas to prompt their automatic emergency braking systems inappropriately. Research has shown that automatic emergency braking systems have lowered road deaths in the US, China, and Europe, but so-called phantom braking problems have dogged systems from Honda and Tesla.

May 2024- The part of Teledyne Technologies Incorporated, Teledyne FLIR, commits the National Highway Transportation Safety Commission (NHTSA) to complete a Federal Motor Vehicle Safety Standard that will need pedestrian automatic emergency braking (PAEB) on all passenger cars and light trucks by September 2029. More than three-quarters of pedestrian fatalities and nearly half of pedestrian injuries appear in darkness. The final rule puts an upper bound on the need for a PAEB system to function at 73 km/h (45.4 mph) in daylight or darkness, needing automakers to importantly enhance the performance of existing PAEB systems by the end of the decade. 

The vice president and general manager of Teledyne FLIR, Paul Clayton, said that present AEB hardware on light vehicles mainly comprises radar or a combination of radar and visible cameras. To acquire improved safety at the new PAEB, which needs lighting conditions, speeds, and false-positive requirements, automakers should implement sensing technologies that are more effective at night and in low-visibility conditions. Teledyne FLIR has showcased that thermal imaging technology incorporated into current AEB systems can assist automotive manufacturers in fulfilling the latest needs and saving lives. More than 1.2 million cars depend on Teledyne FLIR thermal sensors as a fraction of driver warning systems. With a deliberate partnership with leading tier-one automotive supplier Valeo, Teledyne FLIR is allowing automotive OEMs to quickly integrate thermal imaging into the AEB systems of the future.

Autonomous Emergency Braking System Market Segmentation:

Autonomous Emergency Braking System Market By Technology Outlook

• Forward Collision Warning


• Dynamic Brake Support


• Crash Imminent Braking

Autonomous Emergency Braking System Market By System Outlook

• Low speed system


• Higher speed system


• Pedestrian system

Autonomous Emergency Braking System Market By Vehicle Type Outlook

• Passenger Vehicles


• Commercial Vehicles

Autonomous Emergency Braking System Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America