Market Research Future Insights
According to MRFR analysis, the global Autonomous emergency braking Market is expected to register a CAGR of ~ 19.23% from 2023 to 2030 and hold a value of over USD 43,700 Million by 2030.
Automated emergency braking systems (AEBS) are new safety features that are increasingly being installed in cars. These systems keep an eye on the traffic conditions up ahead and physically brake the car if the driver is unable to stop in time. Experts consider AEB to be a significant advancement, similar to that of the seatbelt, except that it aims to avoid crashes altogether rather than merely protecting the occupant in the case of one. Advanced driver assistance systems have embraced the use of autonomous emergency braking (ADAS). The reasons promoting market expansion are the rise in consumer costs, the implementation of government policies, and the introduction of semi-autonomous vehicles.
Key Players
Some of the key market players are Autoliv Inc (Sweden), ZF Friedrichshafen (German), Hitachi Automotive Systems (Japan), Mando Corporation (South Korea), Aisin Seiki Co (Japan), Continental AG (Germany), Denso Corporation (Japan), Robert Bosch (Germany), Valeo (France), and Hyundai Mobis (South Korea)
Regional Analysis
Asia-Pacific is anticipated to dominate the market over the forecast period. Major countries such as Japan, India, and China have made it compulsory to install AEB in all variants of vehicles. The accessibility of raw materials at a very low cost is fuelling the sale and production of AEB in this region
Europe is anticipated to hold the second-largest position in the market. Strict government regulations imposed in this region have forced the manufacturers to accept safety equipment in all variants of the vehicles. Primary adoption of progressive technology in this region is also another factor contributing to the growth of this region in the market.
North America is expected to show maximum growth in the market. The existence of major key players in this region and rising awareness of consumers regarding the safety of vehicles is projected to fuel growth in this region.
Market Segmentation
The Global Autonomous emergency braking Market has been segmented into brake type, technology type, and vehicle type
Based on the brake type, The Global Autonomous emergency braking Market has been segmented into disc and drum. The disc brake segment is likely to dominate the market over the estimated period amid the increasing adoption of AEB in commercial vehicles and passenger cars. Many governments have compulsory safety norms on automotive manufacturers to reduce the stopping time of vehicles. Therefore, disc brakes are mostly used in most vehicles. Growing vehicular emissions is the prime reason for the installation of disc brakes, as these brakes are light in weight and decrease the overall weight of the vehicle. Hence, it decreases the emissions caused by vehicles. The drum brakes segment is anticipated to show steady growth in the market. Low maintenance and cost of vehicles are factors set to fuel the demand for drum brakes over the estimated period.
By Technology Type, The Global Autonomous emergency braking Market has been segmented into Crash Imminent Braking and Dynamic Braking Support. The crash imminent braking segment holds the largest AEB market share in technology type. This is a very progressive type of autonomous braking. Crash imminent braking is also integrated with a forward-collision warning system which provides vigorous information to the ECU about any vehicle or difficulty nearing the car. This, in turn, alerts the driver to smear brakes. If the driver fails to apply the brake within a definite time, the crash imminent braking system automatically applies the brakes and avoids collision of the vehicle. The increasing adoption of this system in passenger cars is serving to maintain its dominance. The dynamic braking system segment is anticipated to show steady growth during the forecast period.
Based on vehicle type, The Global Autonomous emergency braking Market has been segmented into passenger cars and commercial vehicles. The passenger car segment is anticipated to dominate the market over the estimated period. Severe regulations imposed by the governments to connect driver assistance systems in vehicles are fuelling the growth of this segment.
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