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

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.