USD 31.3 billion
Autonomous Emergency Braking System Market Size, Share, Growth Analysis, By Product Type(Low-speed AEBS, and High-speed AEBS), By Technology(Crash Imminent Braking, and Dynamic Brake Support), By Vehicle Type(Passenger Vehicles, and Commercial Vehicles), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25A2265 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|Tables:
87
|Figures:
73
Autonomous Emergency Braking System Market Insights
Global Autonomous Emergency Braking System Market size was valued at USD 31.3 billion in 2022 and is poised to grow from USD 35.9 billion in 2023 to USD 107.55 billion by 2031, growing at a CAGR of 14.7% in the forecast period (2024-2031).
Autonomous emergency braking system (AEBS) is a system that analyzes the traffic conditions around a vehicle to assist with emergency braking in case of human error or emergency situations. Autonomous emergency braking systems utilize different sensors and software to function effectively. Growing emphasis on improving vehicle safety and growing adoption of advanced driver safety and assistance systems by automotive companies are projected to be key factors driving autonomous emergency braking system market growth over the coming years. Moreover, autonomous emergency braking systems are being integrated into ADAS and other driver assistance packages, which is also slated to bolster market development in the future. Rising incidence of road accidents and imposition of stringent road safety regulations are also slated to promote the uptake of autonomous emergency braking systems across the forecast period and beyond. However, technical challenges and affordability issues are slated to remain key restraints for market growth in the future.
Market Snapshot - (2024-2031)
Global Market Size
Largest Segment
Passenger Vehicles
Fastest Growth
Commercial Vehicles
Growth Rate
14.7% CAGR
Global Autonomous Emergency Braking System Market ($ Bn)
Country Share for North America Region (%)
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Autonomous Emergency Braking System Market Segmental Analysis
The global autonomous emergency braking system market is segmented based on product type, technology, vehicle type, and region. In terms of product type, the market is segmented into low-speed AEBS and high-speed AEBS. Based on technology, the market is bifurcated into crash imminent braking and dynamic brake support. Based on vehicle type, the market is divided into passenger vehicles and commercial vehicles. Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Analysis by Vehicle Type
Passenger vehicles are estimated to dominate the global autonomous emergency braking system demand outlook across the forecast period. Growing sales of passenger vehicles and increasing emphasis on increasing driver safety of these vehicles allows this segment to hold a dominant stance.
Use of autonomous emergency braking systems in commercial vehicles is projected to increase at a rapid pace over the coming years. Installation of advanced driver safety and road safety systems in commercial vehicles and growing willingness of commercial vehicle owners to spend more for vehicle safety are allowing this segment to expand at a robust CAGR across the forecast period.
Analysis by Product Type
Low-speed AEBS is estimated to account for a substantial share of the global autonomous emergency braking system market over the coming years. These systems have been proven to reduce the severity and occurrence of different road accidents, and this is why their deployment is high in commercial as well as passenger vehicles. These systems also aid drivers to park safely in tight spaces without having to worry about damaging the vehicle. These systems are best for low-speed applications.
Demand for high-speed autonomous emergency braking systems is projected to soar high at a notable pace over the coming years. The rising incidence of high-speed collisions and crashes around the world is projected to promote growth in this segment. Severity of high-speed crashes and loss of lives in the same have pushed governments and regulatory bodies to impose strict norms mandating the deployment of safety systems such as high-speed AEBS.
Global Autonomous Emergency Braking System Market By Vehicle Type
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Autonomous Emergency Braking System Market Regional Insights
North America is estimated to account for a dominant stance in the global autonomous emergency braking system market. Imposition of stringent road safety mandates and growing awareness regarding benefits associated with the deployment of autonomous emergency braking systems are slated to help North America maintain its dominance through 2031. The United States is predicted to spearhead autonomous emergency braking system demand outlook in this region followed by Canada. Rising popularity of autonomous and self-driving vehicles will also boost the sales of autonomous emergency braking systems over the coming years.
Asia Pacific is projected to emerge as the fastest-growing market in the world for autonomous emergency braking system companies. The presence of key automotive manufacturers and growing emphasis on improving automotive safety are key factors that drive autonomous emergency braking system demand in this region. Rising incidence of road accidents and the imposition of stringent vehicle safety mandates are also slated to favor autonomous emergency braking system market development in the future. China, Japan, South Korea, and India are estimated to be the leading markets for autonomous emergency braking system suppliers in the Asia Pacific region going forward.
Global Autonomous Emergency Braking System Market By Region
- Largest
- Fastest
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Autonomous Emergency Braking System Market Dynamics
Drivers
Emphasis on Vehicle Safety Improvement
- Vehicle safety improvement is an area of interest for many automotive companies as governments impose stringent road safety regulations thereby driving autonomous emergency braking system demand as well.
Integration of AEBS in ADAS Systems
- Autonomous emergency braking systems are being integrated with other automotive safety systems such as ADAS, ACC, etc. This integration is projected to uplift sales of autonomous emergency braking systems across the forecast period.
Restraints
Technical Challenges
- Autonomous emergency braking system manufacturers can run in with technical challenges such as false detections, failure of sensors, and unfavorable driving conditions, which could render their product useless and thereby slow down market growth as well.
Affordability Issues
- Autonomous emergency braking systems are advanced and usually expensive to integrate into vehicles thereby increasing the overall cost of vehicle as well. These high costs are not quite welcome for affordable vehicles that become expensive due to integration of AEBS.
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Autonomous Emergency Braking System Market Competitive Landscape
Autonomous emergency braking system providers should focus on increasing the efficiency of their products by integrating advanced technologies and sensors. Companies can also partner and collaborate with automotive manufacturers to create novel safety solutions. Autonomous emergency braking system market players should also work closely with government and road safety authorities to create products that are compliant with modern road safety mandates.
Top Player’s Company Profiles
- Mobileye
- Continental AG
- Netradyne
- ZF Friedrichshafen Ag
- Aisin Seiki Co. Ltd.
- Knorr-Bremse AG
- Hyundai Mobis
- Panasonic Corporation
- Aptiv
- Robert Bosch GmbH
- Delphi Automotive LLP
- Mando Corporation
- Autoliv Inc.
- Magna International Inc.
- Hitachi Automotives Systems Ltd.
- Valeo S.A.
- WABCO Holdings Inc.
Recent Developments
- In May 2023, Tesla, a leading electric vehicle manufacturer based in the United States, announced that it has added emergency braking functionality for reverse driving mode as well.
- In January 2024, Nikola, a leading manufacturer of hydrogen-powered commercial vehicles announced that its trucks would feature ZF’s most advanced autonomous emergency braking system called OnGuardMax in the North American region.
Autonomous Emergency Braking System Key Market Trends
- Integration of Pedestrian Detection: Autonomous emergency braking system manufacturers should focus on integrating pedestrian detection capabilities with their products to improve their functionality and create new opportunities in the long run. Companies can utilize AI and predictive analysis to enhance the efficacy of their systems.
Autonomous Emergency Braking System Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, surging focus on improving vehicle safety around the world and growing incidence of road accidents are key factors promoting the demand for autonomous emergency braking system going forward. On the contrary, technical challenges and cost constraints are predicted to impede autonomous emergency braking system market development across the forecast period. Imposition of strict vehicle safety mandates allows North American region to account for a prominent chunk of the global autonomous emergency braking system market share. Integration of advanced technologies and sensors will create new opportunities for autonomous emergency braking system providers in the future.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 31.3 billion |
| Market size value in 2031 | USD 107.55 billion |
| Growth Rate | 14.7% |
| Base year | 2023 |
| Forecast period | (2024-2031) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Autonomous Emergency Braking System Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Autonomous Emergency Braking System Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Autonomous Emergency Braking System Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Autonomous Emergency Braking System Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Autonomous Emergency Braking System Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Autonomous Emergency Braking System Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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