Autonomous Emergency Braking System (AEB) Market Growth Prospects and, Top Key Players from 2024 to 2032
The global Autonomous Emergency Braking System (AEB) Market Growth is poised for substantial growth over the coming years as advancements in vehicle safety technology, coupled with increasing governmental regulations, drive adoption. AEB systems are designed to prevent collisions by automatically applying brakes if a potential crash is detected. This advanced safety feature is becoming a critical component in modern vehicles, particularly as the industry moves toward higher levels of vehicle automation and autonomous driving.
Market Overview
Autonomous Emergency Braking Systems (AEB) are automated systems that detect an imminent collision with other vehicles, pedestrians, or obstacles and apply the brakes autonomously to avoid or reduce the impact. These systems utilize a combination of sensors, including radar, cameras, and LiDAR, to monitor the road environment and vehicle surroundings in real-time. The integration of AEB systems is part of a broader effort to improve road safety and reduce accident-related fatalities and injuries.
The global Autonomous Emergency Braking Systems market was valued at approximately USD 36.75 billion in 2023 and is expected to grow at a CAGR of 23 % from 2024 to 2032, reaching an estimated value of USD 236.81 billion by the end of the forecast period. Increasing consumer demand for advanced driver-assistance systems (ADAS) and growing mandates for vehicle safety standards are key factors driving market growth.
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Top Key Players
Robert Bosch GmbH (Germany), ZF Friedrichshafen AG (Germany), Continental AG (Germany), Denso Corporation (Japan), Valeo S.A. (France), Hyundai Mobis Co., Ltd. (South Korea), Aisin Seiki Co., Ltd. (Japan), Paccar Inc. (DAF) (US), Autoliv, Inc. (Sweden), Delphi Automotive PLC (UK), Infineon Technologies AG (Germany), Knorr-Bremse AG (Germany), Mando Corporation (South Korea), Analog Devices, Inc. (US), Wabco Holdings, Inc. (US) and other key players.
Key Trends in the Autonomous Emergency Braking System Market
- Rising Focus on Vehicle Safety and Regulatory Push: Governments around the world are implementing stringent vehicle safety regulations to reduce accidents and enhance road safety. Many countries, including the United States, European Union, and Japan, have mandated the inclusion of AEB systems in new vehicles as part of their road safety policies. For instance, the European New Car Assessment Programme (Euro NCAP) now includes AEB performance as a key criterion in its safety rating system, encouraging automakers to integrate AEB technology in their models.
- Technological Advancements in Sensor and Radar Systems: AEB systems are evolving with improvements in sensor technology, including radar, cameras, and LiDAR. These advancements allow for more precise detection of obstacles, pedestrians, and vehicles, even in adverse weather conditions. With the growth of AI and machine learning algorithms, AEB systems are becoming more intelligent and capable of making real-time decisions to avoid potential collisions.
- Increased Adoption of ADAS and Autonomous Driving Technologies: The growing demand for Advanced Driver Assistance Systems (ADAS), including lane-keeping assistance, adaptive cruise control, and collision warning systems, is driving the integration of AEB as a standard feature in new vehicles. As the automotive industry progresses toward Level 3 and Level 4 autonomous driving, AEB systems are becoming essential in ensuring the safety of autonomous vehicles. The increasing focus on fully autonomous driving is expected to boost the AEB market further.
- Electric Vehicles and Sustainability Initiatives: With the rise of electric vehicles (EVs) and the push toward sustainability, manufacturers are integrating advanced safety features like AEB into EVs. Major automakers are focusing on offering comprehensive safety packages that include AEB systems in their EV models, aligning with environmental goals while ensuring driver and pedestrian safety.
- Growth in Consumer Awareness of Safety Features: Consumers are becoming more aware of the importance of safety features in vehicles, leading to a higher demand for technologies like AEB. With safety increasingly becoming a priority in vehicle purchase decisions, automakers are prioritizing AEB integration as part of their product offerings to meet consumer expectations.
Segmentation Analysis
1. Segmentation by Component:
- Actuators:
- Mechanisms that convert the control signals from the AEB system into mechanical action, applying the brakes automatically when the system detects a potential collision.
- Audible Buzzers:
- Sound alert systems that provide audio warnings to the driver when the AEB system identifies a potential collision before automatic braking is engaged.
- Sensors:
- Devices that detect obstacles, vehicles, pedestrians, or other objects around the vehicle. These can include radar, lidar, ultrasonic sensors, and cameras, which help the system in detecting and tracking threats.
- Controllers:
- The processing units that interpret data from sensors, evaluate the likelihood of a collision, and determine whether and when to trigger the autonomous braking system.
- Visual Indicators:
- Dashboard lights or display warnings that visually alert the driver of an imminent collision or issue with the AEB system, often working in tandem with audible buzzers.
2. Segmentation by Operating Speed:
- High-Speed/Inter-Urban AEB Systems:
- Designed to prevent or mitigate collisions in high-speed environments, such as highways or inter-urban roads. These systems focus on detecting fast-moving vehicles or other objects at higher speeds and require quicker reaction times and greater braking force.
- Pedestrian/Vulnerable Road Users AEB Systems:
- Specifically developed to detect pedestrians, cyclists, and other vulnerable road users. These systems are highly sensitive to unexpected movements at mid-range speeds and are optimized to prevent collisions in urban settings.
- Low-Speed/City AEB Systems:
- Designed for urban environments with lower speeds, where stop-and-go traffic is common. These systems are optimized for preventing rear-end collisions in congested areas and low-speed crashes during parking maneuvers.
3. Segmentation by Application:
- Passenger Cars:
- AEB systems in passenger vehicles aimed at enhancing safety by automatically applying the brakes when detecting imminent collisions with other vehicles, pedestrians, or obstacles. Passenger cars are the largest application segment due to the growing demand for safety features.
- Light Commercial Vehicles (LCVs):
- AEB systems in LCVs such as vans and pickup trucks, focusing on urban delivery and logistics fleets. These systems help avoid collisions in congested areas and improve fleet safety, particularly during parking or low-speed driving.
- Heavy Commercial Vehicles (HCVs):
- AEB systems in trucks, buses, and other heavy-duty vehicles. Given their size and weight, AEB systems in HCVs are crucial for preventing severe accidents, especially in highway driving and inter-urban routes.
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Regional Analysis
- North America: North America is a key market for AEB systems, driven by strict vehicle safety regulations, particularly in the United States and Canada. The National Highway Traffic Safety Administration (NHTSA) and other regulatory bodies have been instrumental in promoting AEB adoption through mandatory safety requirements for automakers.
- Europe: Europe is one of the largest markets for AEB technology due to its stringent safety standards, particularly through organizations like Euro NCAP. Countries such as Germany, France, and the UK are leading in AEB integration, supported by strong demand for high-end ADAS systems in both passenger and commercial vehicles.
- Asia-Pacific: The Asia-Pacific region is witnessing rapid growth in the AEB market, particularly in countries like China, Japan, and South Korea. Increasing urbanization, rising vehicle sales, and growing awareness of safety features are driving demand. The automotive industry in China is particularly focused on integrating advanced safety features, including AEB, in response to consumer demand for safer vehicles.
- Rest of the World: The Middle East & Africa and Latin America are emerging markets for AEB systems. In these regions, the market is growing due to rising road traffic, increasing vehicle sales, and a gradual focus on improving road safety measures.
Conclusion
The global Autonomous Emergency Braking System (AEB) Market is set to experience robust growth over the next decade, driven by rising demand for vehicle safety, government regulations, and the integration of advanced technologies like AI and sensors. As the automotive industry moves towards greater automation and electric mobility, AEB systems will play a pivotal role in reducing road accidents and ensuring the safety of drivers, passengers, and pedestrians.
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