Automatic Emergency Braking Market Analysis and Insights:
The global market for automatic emergency braking was valued at USD 60.26 billion in 2022 and is projected to be worth USD 118.62 billion in 2032, growing at a compound annual growth rate (CAGR) of 6.58% from 2023 to 2032.
Numerous reasons are driving the market for Automatic Emergency Braking (AEB). Concerns regarding road safety and the escalating global accident rates are driving the demand for AEB systems. The market is growing as a result of governments and regulatory agencies imposing more and more requirements for AEB system installation in automobiles. Consumers are becoming more aware of the advantages of AEB systems in preventing collisions and minimizing accident severity, further boosting market growth. AEB systems are becoming more accurate and effective thanks to technological developments including radar, camera-based sensors, and artificial intelligence.
Additionally, makers of AEB systems are expected to have significant potential as the use of electric and driverless cars increases. Obstacles to market advancement include the expensive cost of installation and maintenance, as well as the scarcity of AEB systems in entry-level cars. Nevertheless, ongoing research and development endeavors aimed at enhancing technology and reducing costs are poised to drive significant expansion in the AEB market in the foreseeable future.
Automatic Emergency Braking Market Definition
Automatic Emergency Braking (AEB) is a state-of-the-art safety feature that is installed in cars to detect potential crashes using sensors. It independently activates the braking system to either prevent or minimize the impact, significantly enhancing road safety by providing assistance to drivers in evading accidents or lessening their severity.
Automatic Emergency Braking (AEB) is a vital safety element found in vehicles that plays a crucial role in averting accidents and safeguarding lives. Through the utilization of sensors and sophisticated computer systems, AEB can identify potential collisions and autonomously engage the brakes to either prevent or lessen the impact. This cutting-edge technology not only bolsters the safety of drivers and passengers but also diminishes the likelihood of serious injuries or fatalities on the streets. AEB's capability to respond more swiftly than human reflexes, coupled with its consistent performance across diverse driving scenarios, renders it an indispensable attribute in averting rear-end collisions, pedestrian mishaps, and other perilous circumstances. Its extensive integration into automobiles serves as both a validation of its efficacy and a reflection of the automotive sector's dedication to enhancing road safety.
Automatic Emergency Braking Market Segmental Analysis:
Insights On Product
High-speed AEBS
High-speed AEBS is expected to dominate the Global Automatic Emergency Braking Market. This part caters to the demand for advanced emergency braking systems in high-speed driving conditions. With the increasing emphasis on road safety, particularly in highways and expressways, high-speed AEBS provides vital protection by automatically applying the brakes in case of potential collisions. The need for high-speed AEBS is also fueled by governments enforcing stricter safety laws and customers' growing understanding of the value of preventing accidents. Furthermore, the market domination of high-speed AEBS is also influenced by the growing use of advanced driver assistance systems (ADAS) in both passenger automobiles and commercial vehicles.
Low-speed AEBS
Low-speed AEBS, on the other hand, is a sector of the Global Automatic Emergency Braking Market that does not dominate the overall market. While low-speed AEBS systems are designed to prevent collisions at lower speeds, their usage is typically more prevalent in urban environments, parking lots, or congested areas where vehicles frequently operate at low speeds. The demand for low-speed AEBS is driven by the need for increased pedestrian safety and the mitigation of minor accidents. However, compared to high-speed AEBS, the adoption and implementation of low-speed AEBS systems are relatively limited. As a result, low-speed AEBS is not expected to dominate the Global Automatic Emergency Braking Market, but it still holds importance in specific sub-markets and applications.
Insights On Technology
Forward Collision Warning
Forward Collision Warning is expected to dominate the Global Automatic Emergency Braking Market. This technology utilizes sensors and cameras to detect potential collisions with objects or vehicles in front of the vehicle. It provides drivers with visual and audible warnings to alert them of an impending crash, giving them the opportunity to react and apply the brakes if necessary. Forward Collision Warning has gained significant popularity due to its effectiveness in preventing rear-end collisions and reducing the severity of accidents. Furthermore, the automobile industry's need for Forward Collision Warning systems has been further increased by developments in sensor technology and the growing use of advanced driver assistance systems (ADAS).
Crash Imminent Braking
While Crash Imminent Braking plays a crucial role in preventing collisions, it is likely to have a lesser market share compared to Forward Collision Warning. Crash Imminent Braking automatically applies the brakes to reduce the severity of a collision when the system detects an imminent crash. However, this technology is more reactive in nature and relies on the detection of an impending crash rather than providing a pre-warning to the driver. As a result, the market dominance of Crash Imminent Braking is limited compared to the more proactive Forward Collision Warning technology.
Dynamic Brake Support
Dynamic Brake Support, which provides additional braking force when the driver is unable to apply sufficient force, is also expected to have a smaller market share compared to Forward Collision Warning. This technology supports the driver by enhancing the braking capabilities of the vehicle during emergency situations. However, it relies on the driver's initial braking effort and may not be as effective as Forward Collision Warning in preventing rear-end collisions. The market for Dynamic Brake Support is likely to be driven by vehicles with less advanced safety features or those seeking an additional layer of safety on top of Forward Collision Warning systems.
Insights On Vehicle Type
Passenger Vehicle
Passenger vehicles are expected to dominate the Global Automatic Emergency Braking Market. This can be attributed to the increasing demand for safety features in personal vehicles, as well as the growing awareness about the importance of accident prevention systems. Moreover, advancements in technology and the integration of automatic emergency braking systems in entry-level and mid-range passenger vehicles have made it more accessible to a larger consumer base. The passenger vehicle part is likely to witness significant growth in the coming years as automakers focus on incorporating advanced safety features to enhance the overall driving experience and reduce the risk of collisions.
Commercial Vehicle
While passenger vehicles are expected to dominate the Global Automatic Emergency Braking Market, commercial vehicles are also anticipated to play a significant role. With the rising number of commercial vehicles on the road, especially in the logistics and transport sectors, there is a growing need to improve safety measures for these vehicles as well. Automatic emergency braking systems can help prevent accidents and mitigate the severity of collisions in commercial vehicles, thus reducing damage to goods, vehicles, and potential harm to drivers and other road users. As a result, the adoption of automatic emergency braking systems in commercial vehicles is steadily increasing, although it may not surpass the dominance of the passenger vehicle part in the market.
Insights On Brake
Disc
The disc brake is expected to dominate the Global Automatic Emergency Braking (AEB) Market. Disc brakes are known for their superior braking performance and efficiency, making them a popular choice in the automotive industry. They offer enhanced heat dissipation, which helps prevent brake fade during emergency braking situations. Additionally, disc brakes provide better stopping power and shorter braking distances compared to drum brakes. These advantages make disc brakes the preferred option for automatic emergency braking systems, as they can deliver rapid and effective stopping power when a potential collision is detected.
Drum
While the disc brake is expected to dominate the Global AEB Market, it is crucial to consider the drum brake as well. Drum brakes have been widely used in the automotive industry for years, particularly in rear brake applications. Although drum brakes may not offer the same level of performance as disc brakes, they still play a significant role in the overall braking system. In certain vehicle models or s, drum brakes might be the chosen rear brake configuration for cost-effectiveness or vehicle packaging reasons. Therefore, while drum brakes may not dominate the AEB market, they still hold importance in specific applications within the automotive industry.
Insights On Type
High Speed AEB System
The High Speed AEB System is expected to dominate the Global Automatic Emergency Braking market. This part focuses on providing emergency braking assistance at high speeds, typically above 30 mph. With the increasing concern for road safety and the rising number of accidents occurring at higher speeds, the demand for High Speed AEB Systems is expected to be high. These systems employ advanced sensors, such as radar and camera, to detect potential collisions and automatically apply the brakes to prevent or mitigate the impact. The High Speed AEB System offers a crucial safety feature for vehicles, especially on highways and freeways, where high-speed collisions can be catastrophic. As automakers prioritize enhancing safety features, the adoption of High Speed AEB Systems is likely to increase significantly in the global market.
Low Speed AEB System
The Low Speed AEB System is another important sector within the Type category. This system is designed to assist in emergency braking situations occurring at lower speeds, typically under 30 mph. While it may not dominate the overall market, the Low Speed AEB System still plays a significant role in improving vehicle safety, especially in urban areas with heavy traffic. These systems use sensors to detect potential collisions at lower speeds and activate the brakes if necessary. The growing urban population and the need for safer transportation methods in congested areas make the Low Speed AEB System an essential safety feature. Although it may not have the same level of dominance as the High Speed AEB System, the demand for Low Speed AEB Systems remains strong.
Pedestrians AEB System
The Pedestrians AEB System is another sector within the Type category. This system specifically targets pedestrian safety and focuses on preventing or mitigating collisions between vehicles and pedestrians. With the increasing emphasis on reducing pedestrian fatalities and injuries, the demand for Pedestrians AEB Systems is expected to grow. These systems employ advanced technologies such as pedestrian recognition, automatic braking, and warning alerts to detect pedestrians and apply the brakes if necessary. The Pedestrians AEB System plays a crucial role in enhancing pedestrian safety, especially in urban environments and areas with heavy foot traffic. Although it may not dominate the overall market, the significance of Pedestrians AEB Systems cannot be overlooked as safety regulations and public awareness increasingly prioritize protecting vulnerable road users.
Global Automatic Emergency Braking Market Regional Insights:
Europe
Europe is expected to dominate the Global Automatic Emergency Braking (AEB) market. This region holds a significant share in the global automotive industry and is characterized by a high adoption rate of advanced safety technologies. Europe has also implemented stringent regulations and safety standards pertaining to vehicle safety systems. These factors, coupled with the growing awareness among consumers regarding the importance of road safety, are driving the demand for automatic emergency braking systems in the region. Additionally, the presence of leading automotive manufacturers and technology providers further enhances the market growth in Europe.
North America
In North America, the use of automatic emergency braking systems is steadily increasing due to the rising concern for road safety and the incorporation of advanced safety features in vehicles. However, while the region is witnessing a growth in the adoption of AEB systems, it is not expected to dominate the global market. The market in North America is primarily driven by the United States, where initiatives such as the National Highway Traffic Safety Administration's (NHTSA) New Car Assessment Program (NCAP) have encouraged the incorporation of AEB systems in vehicles. The region also benefits from the presence of major automotive manufacturers and technological advancements in the field of vehicle safety.
Latin America
The Latin American region is experiencing a gradual growth in the adoption of automatic emergency braking systems. However, it is unlikely to dominate the global market. The market growth in Latin America is primarily driven by Brazil and Mexico, where the automotive industry is witnessing steady growth and the demand for advanced safety features is increasing. Various initiatives by regulatory authorities, such as the mandatory installation of AEB systems in commercial vehicles in Brazil, are also propelling the market. Nonetheless, the overall market size and growth in Latin America are smaller compared to other regions.
Asia Pacific
Asia Pacific is witnessing rapid growth in the adoption of automatic emergency braking systems, driven by the increasing production and sales of passenger and commercial vehicles in countries such as China, Japan, and South Korea. Several factors, including the high population density, growing urbanization, and increasing awareness about road safety, contribute to the market growth in the region. Although Asia Pacific shows promising growth potential, it is not expected to dominate the global market due to the presence of more mature markets in Europe and North America.
Middle East & Africa
The Middle East & Africa region is characterized by a growing automotive industry and an increasing focus on improving road safety. The adoption of automatic emergency braking systems is gradually increasing in the region, driven by the implementation of stringent safety regulations and the growing popularity of luxury vehicles. However, the market size and growth in the Middle East & Africa are relatively smaller compared to other regions. Therefore, it is unlikely to dominate the global automatic emergency braking market.
Global Automatic Emergency Braking Market Competitive Landscape:
Prominent figures within the worldwide Automatic Emergency Braking sector serve as pivotal drivers of innovation and technological progress. Their efforts are instrumental in spearheading the creation and implementation of state-of-the-art safety mechanisms for automobiles. Furthermore, these individuals foster market expansion by engaging in strategic partnerships, acquisitions, and the introduction of new products that cater to the rising need for advanced vehicle safety functionalities.
Prominent companies in the Automatic Emergency Braking Market encompass entities like Bosch, Continental, Denso Corporation, ZF Friedrichshafen, Hyundai Mobis, Aisin Seiki Co., Valeo, Autoliv, Knorr-Bremse, and Wabco Holdings.
Global Automatic Emergency Braking Market COVID-19 Impact and Market Status:
The Global Automatic Emergency Braking market has been greatly influenced by the Covid-19 pandemic, resulting in decreased demand attributed to the worldwide downturn in vehicle production and sales.
The global economy has been significantly impacted by the COVID-19 pandemic, with notable effects observed in the automotive industry and the automatic emergency braking (AEB) market. Disruptions in supply chains, production delays, and a decrease in consumer demand have all contributed to the challenges faced by the AEB market. The implementation of lockdowns and restrictions worldwide led to a sharp decline in automotive sales, resulting in fewer installations of AEB systems in vehicles. Additionally, the financial instability arising from the pandemic has made consumers more cautious in their spending habits, particularly on non-essential features like AEB systems, thereby impeding the market's growth.
Nevertheless, there is optimism for a gradual recovery as economies start to reopen and automakers prioritize the integration of advanced safety technologies to enhance vehicle safety and adhere to stringent regulations. The AEB market is poised to benefit from an increasing focus on road safety and the growing acceptance of autonomous vehicles. Despite the setbacks caused by the COVID-19 pandemic, the long-term outlook for the automatic emergency braking market remains positive, driven by industry recovery efforts and ongoing safety concerns pushing for ened demand.
Latest Trends and Innovations in the Automatic Emergency Braking Market:
- In December 2020, Bosch, a leading automotive supplier, announced its collaboration with Nvidia, an artificial intelligence (AI) company, to develop an AI-powered platform for self-driving cars with innovative features like automatic emergency braking.
- In January 2021, Aptiv, an advanced technology company specializing in mobility solutions, unveiled its new Active Emergency Braking System, which utilizes advanced sensors and algorithms to enable quicker response times and enhance safety.
- In February 2021, ZF Friedrichshafen, a global technology company, introduced a new radar technology called "ZF's Integrated Brake Control" (IBC) that integrates electronic stability control (ESC), traction control, and automatic emergency braking into a single system, improving overall vehicle safety.
- In March 2021, Continental, a leading automotive technology company, developed a new radar-based emergency brake assist system, which can recognize vulnerable road users such as pedestrians and cyclists, enabling automatic emergency braking and accident prevention.
- In April 2021, Mobileye, an Intel company specializing in autonomous driving technologies, announced its collaboration with Udelv, an autonomous delivery van manufacturer, to integrate automatic emergency braking capabilities into Udelv's autonomous delivery vehicles.
- In May 2021, Hyundai, a global automotive manufacturer, launched its new SmartSense safety package, which includes an advanced automatic emergency braking system that utilizes forward-facing cameras and radar to detect potential collisions and apply the brakes if necessary.
- In June 2021, Volvo Cars, a Swedish luxury automaker, revealed that it had equipped all of its new passenger cars with autonomous emergency braking (AEB) as a standard feature, aiming to further enhance vehicle safety.
- In July 2021, Toyota, a renowned automobile manufacturer, announced its plan to make automatic emergency braking systems a standard feature in almost every passenger vehicle model sold in the United States by the end of 2022, showcasing its commitment to improving safety.
- In August 2021, Ford, a leading American automaker, announced that it would be offering automatic emergency braking as a standard feature on its 2022 Ford Explorer and Ford Expedition models, continuing its efforts to prioritize safety in its vehicles.
- In September 2021, Subaru, a Japanese automotive manufacturer, received the Insurance Institute for Highway Safety's (IIHS) highest safety award, the 2021 TOP SAFETY PICK+ award, for its models equipped with EyeSight, Subaru's advanced driver assistance system that includes automatic emergency braking.
Automatic Emergency Braking Market Growth Factors:
The expansion of the Automatic Emergency Braking Market is propelled by the escalation of vehicle safety mandates, surging requests for sophisticated driver assistance technologies, and an increasing cognizance of roadway safety.
The Automatic Emergency Braking (AEB) Market is forecasted to experience substantial growth in the near future, driven by several key factors. The escalating global focus on road safety and the surge in road accidents worldwide have ened the demand for advanced safety functionalities in automobiles. Automatic Emergency Braking systems are engineered to avert or minimize collisions by autonomously engaging the brakes during emergency situations. This not only reduces the impact of accidents but also elevates overall road safety standards. Furthermore, stringent government guidelines mandating the incorporation of advanced safety mechanisms in vehicles have accelerated the acceptance of AEB systems. With authorities underlining the necessity for safer and more intelligent transport solutions, automotive manufacturers are progressively integrating AEB systems as a standard or optional feature in their vehicles. Additionally, the burgeoning popularity of electric and autonomous driving technologies is poised to increase the reliance on AEB systems. Electric and autonomous vehicles commonly come equipped with sophisticated safety systems, including AEB, to bolster passenger safety and diminish accident risks.
Moreover, the rising consumer preference for vehicles equipped with advanced safety functionalities, coupled with advancements in sensor technology and artificial intelligence, is projected to propel the market growth of AEB technology. In essence, the convergence of mounting road safety concerns, regulatory mandates, technological progressions, and consumer preferences is likely to catalyze substantial expansion in the Automatic Emergency Braking market in the foreseeable future.
Automatic Emergency Braking Market Restraining Factors:
Constraints such as the restricted accessibility and elevated expenses of the technology serve as impediments to the widespread uptake of Automatic Emergency Braking systems within the market.
The Automatic Emergency Braking (AEB) sector is on the cusp of substantial expansion, buoyed by rising consumer interest in advanced driver-assistance systems (ADAS) and the escalating focus on road safety. Nevertheless, there are various factors that could impede the sector's advancement. Foremost among these is the substantial cost associated with AEB technology, which serves as a significant deterrent, limiting its penetration in price-sensitive markets. The intricate process of integrating AEB systems into existing vehicles also presents a hurdle, with the retrofitting of older models proving to be both costly and time-intensive. In addition, the absence of standardized AEB technology implementation among various manufacturers and geographical regions results in compatibility issues that could hamper market growth. Concerns surrounding system dependability and instances of false activations have compromised consumer confidence and acceptance. Furthermore, the sluggish uptake of AEB systems in developing nations, owing to insufficient awareness and infrastructure, constitutes another obstacle.
Yet, notwithstanding these challenges, industry stakeholders are proactively engaged in addressing these issues. Ongoing technological innovations, cost-cutting initiatives, and enhanced collaboration between automotive firms and suppliers are projected to surmount these constraints and propel AEB market expansion. Moreover, stringent government mandates mandating AEB system incorporation in vehicles offer a positive perspective, fostering a favorable regulatory environment for market enlargement and advocating for road safety.
Key Segments of the Automatic Emergency Braking Market
Product Overview
• Low-speed AEBS
• High-speed AEBS
Technology Overview
• Crash Imminent Braking
• Dynamic Brake Support
• Forward Collision Warning
Vehicle Type Overview
• Passenger Vehicle
• Commercial Vehicle
Brake Overview
• Disc Brake
• Drum Brake
Type Overview
• Low Speed AEB System
• High Speed AEB System
• Pedestrians AEB System
Regional Overview
North America
• US
• Canada
• Mexico
Europe
• Germany
• France
• U.K
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
Middle East and Africa
• Saudi Arabia
• UAE
• Rest of Middle East and Africa
Latin America
• Brazil
• Argentina
• Rest of Latin America
Frequently Asked Questions (FAQ) :
The top companies that hold the market share in automatic emergency braking market are entities like Bosch, Continental, Denso Corporation, ZF Friedrichshafen, Hyundai Mobis, Aisin Seiki Co., Valeo, Autoliv, Knorr-Bremse, and Wabco Holdings.
To get latest version of automatic emergency braking market report can be obtained on demand from the website.
The base year for the report is 2023 in automatic emergency braking market.