[Latest] Global Autonomous Emergency Braking System Market

Austin, TX, USA, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Autonomous Emergency Braking System Market Size, Trends and Insights By Product Type (Low-speed AEB, High-speed AEB), By Technology (Forward Collision Warning, Dynamic Brake Support), By Vehicle Type (Passenger Cars, Commercial Vehicles), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” in its research database.

“According to the latest research study, the demand of global Autonomous Emergency Braking System Market size & share was valued at approximately USD 2.34 Billion in 2023 and is expected to reach USD 2.50 Billion in 2024 and is expected to reach a value of around USD 6.70 Billion by 2033, at a compound annual growth rate (CAGR) of about 8.2% during the forecast period 2024 to 2033.”

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Autonomous Emergency Braking System Market: Growth Factors and Dynamics

Safety Mandates and Regulations: The Autonomous Emergency Braking (AEB) System market experiences substantial growth driven by stringent safety mandates and regulations across automotive markets worldwide. Regulatory bodies and safety organizations mandate the integration of advanced safety features like AEB systems to mitigate collision risks, enhance occupant safety, and reduce road fatalities. Compliance with safety standards and adoption of AEB technology by automotive manufacturers become imperative, driving market expansion and adoption across passenger vehicles, commercial fleets, and public transportation.

Technological Advancements: Advancements in sensor technologies, artificial intelligence, and vehicle-to-vehicle communication systems fuel innovation in the AEB system market, leading to the development of next-generation autonomous braking solutions with enhanced performance and reliability. Integration of radar, lidar, and camera-based sensors enables real-time detection of potential collision threats, enabling swift and autonomous braking maneuvers to prevent or mitigate accidents. Continuous research and development efforts focus on improving detection accuracy, response time, and adaptability to diverse driving conditions, driving market differentiation and competitive advantage.

Consumer Awareness and Demand for Safety Features: Increasing consumer awareness regarding road safety and the benefits of advanced driver assistance systems (ADAS) propel market demand for AEB systems in passenger vehicles and commercial fleets. Heightened concerns over road accidents, insurance premiums, and vehicle safety ratings prompt consumers to prioritize vehicles equipped with AEB technology, fostering market growth and integration across automotive segments. Automakers capitalize on consumer preferences for safety features by offering AEB systems as standard or optional equipment, thereby driving market penetration and adoption rates.

Collaboration and Partnerships: Collaboration between automotive manufacturers, technology providers, and regulatory authorities accelerates the development and adoption of AEB systems, fostering industry-wide standardization and interoperability. Partnerships facilitate knowledge sharing, technology transfer, and regulatory compliance, enabling market players to leverage collective expertise and resources for faster market entry and product deployment. Joint ventures, consortiums, and industry alliances promote pre-competitive collaboration, driving innovation, cost optimization, and market scalability in the AEB system ecosystem.

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Autonomous Emergency Braking System Market: COVID-19 Analysis

Pandemic Impact on Automotive Industry: The Autonomous Emergency Braking System market witnessed disruptions due to the COVID-19 pandemic, as lockdown measures, supply chain disruptions, and reduced automotive production affected market dynamics. Temporary closures of manufacturing facilities, dealership shutdowns, and consumer uncertainty led to a decline in vehicle sales and adoption of ADAS technologies, impacting market growth and revenue generation for AEB system suppliers and OEMs.

Resilience and Adaptability: Despite the pandemic challenges, the AEB system market demonstrated resilience and adaptability by leveraging digitalization, remote connectivity, and agile manufacturing practices. Industry players implemented remote working arrangements, digital sales channels, and virtual collaboration tools to sustain business operations, engage with customers, and support aftermarket services. Adoption of flexible production schedules, inventory optimization, and supply chain diversification mitigated supply chain risks and ensured continuity in AEB system manufacturing and distribution.

Accelerated Adoption of ADAS Technologies: The COVID-19 pandemic accelerated the adoption of ADAS technologies, including AEB systems, as consumers and fleet operators prioritize vehicle safety and risk mitigation strategies. Growing awareness of health and safety concerns, coupled with increasing emphasis on contactless operations and autonomous driving capabilities, drove demand for vehicles equipped with advanced safety features. Automakers recalibrated product strategies to emphasize safety and ADAS integration, driving market recovery and growth opportunities for AEB system providers in the post-pandemic landscape.

Regulatory Support and Stimulus Measures: Government stimulus measures, economic recovery initiatives, and regulatory support for automotive safety standards contributed to market resilience and revival post-COVID-19. Investments in infrastructure development, smart mobility solutions, and electric vehicle (EV) adoption further bolstered demand for ADAS technologies, including AEB systems, as part of broader efforts to enhance road safety, reduce traffic congestion, and promote sustainable transportation solutions.

Report Scope

Feature of the Report	Details
Market Size in 2024	USD 2.50 Billion
Projected Market Size in 2033	USD 6.70 Billion
Market Size in 2023	USD 2.34 Billion
CAGR Growth Rate	8.2% CAGR
Base Year	2023
Forecast Period	2024-2033
Key Segment	By Product Type, Technology, Vehicle Type and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Autonomous Emergency Braking System report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2024
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the Autonomous Emergency Braking System report has been modified to include the COVID-19 impact study prior to delivery.)

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Autonomous Emergency Braking System Market: Future Outlook and Opportunities

Evolution of Autonomous Driving: The Autonomous Emergency Braking System market aligns with the evolution of autonomous driving technologies, as AEB systems play a critical role in collision avoidance and vehicle autonomy. Integration of AEB systems with advanced driver assistance systems (ADAS), vehicle-to-everything (V2X) communication, and artificial intelligence enables autonomous braking maneuvers and collision mitigation in complex driving scenarios. Continued advancements in sensor fusion, machine learning algorithms, and predictive analytics drive the development of autonomous emergency braking solutions tailored for urban, highway, and off-road driving environments.

Market Expansion and Diversification: The Autonomous Emergency Braking System market expands and diversifies across automotive segments, including passenger vehicles, commercial trucks, buses, and specialty vehicles. Increasing demand for AEB systems in emerging markets, fleet applications, and niche vehicle segments creates opportunities for market players to diversify product offerings, customize solutions, and address unique customer requirements. Strategic partnerships with automotive OEMs, fleet operators, and aftermarket suppliers facilitate market expansion, technology deployment, and service delivery across global markets.

Enhanced Performance and Integration: Continuous innovation and product development efforts focus on enhancing the performance, reliability, and integration capabilities of AEB systems with other ADAS functionalities. Integration with adaptive cruise control (ACC), lane departure warning (LDW), and pedestrian detection systems enables comprehensive collision avoidance and mitigation strategies, enhancing overall vehicle safety and occupant protection. Research collaborations, technology partnerships, and cross-industry alliances drive interoperability, standardization, and seamless integration of AEB systems with vehicle platforms and ecosystem partners.

Regulatory Compliance and Industry Standards: Compliance with regulatory safety standards, certification requirements, and industry benchmarks remains paramount for AEB system manufacturers and suppliers. Market players invest in testing, validation, and certification processes to ensure product conformity, reliability, and performance consistency across diverse vehicle platforms and operating conditions. Collaboration with regulatory authorities, automotive associations, and safety organizations facilitates knowledge exchange, standard development, and harmonization of AEB system requirements, driving market transparency, trust, and regulatory compliance.

The Autonomous Emergency Braking System market stands at the forefront of automotive safety innovation, driven by technological advancements, regulatory mandates, and consumer demand for enhanced vehicle safety features. As the automotive industry transitions towards autonomous and connected mobility solutions, AEB systems play a pivotal role in shaping the future of vehicle safety, accident prevention, and road traffic management, ushering in a new era of safer and more sustainable transportation ecosystems.

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Key questions answered in this report:

What is the size of the Autonomous Emergency Braking System market and what is its expected growth rate?
What are the primary driving factors that push the Autonomous Emergency Braking System market forward?
What are the Autonomous Emergency Braking System Industry's top companies?
What are the different categories that the Autonomous Emergency Braking System Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Autonomous Emergency Braking System market sample report and company profiles?

Key Offerings:

Market Share, Size & Forecast by Revenue | 2024−2033
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Autonomous Emergency Braking (AEB) System Market: Regional Analysis

North America and Europe are the leading regions in the Autonomous Emergency Braking System Market, driven by stringent safety regulations, high consumer awareness, and advanced automotive infrastructure.

In North America, the United States and Canada lead the market, supported by initiatives such as the National Highway Traffic Safety Administration’s (NHTSA) New Car Assessment Program (NCAP) and the Insurance Institute for Highway Safety’s (IIHS) safety ratings program.

The European Union (EU) mandates the inclusion of AEB systems in all new passenger cars and light commercial vehicles, contributing to market growth in countries such as Germany, France, and the United Kingdom.

Asia Pacific is expected to witness significant growth in the Autonomous Emergency Braking System Market, fueled by rapid urbanization, increasing vehicle ownership, and government initiatives to improve road safety.

Countries such as China, Japan, South Korea, and India are investing in automotive safety technologies, including AEB systems, to address rising traffic congestion, reduce accident fatalities, and enhance transportation infrastructure.

The proliferation of electric vehicles (EVs), autonomous driving technologies, and smart city initiatives further accelerates the adoption of AEB systems in the Asia Pacific region, driving market expansion and innovation.

Overall, the Autonomous Emergency Braking System Market is poised for robust growth globally, driven by regulatory mandates, technological advancements, and increasing emphasis on vehicle safety and accident prevention.

Low-speed and high-speed AEB systems, along with forward collision warning (FCW) and dynamic brake support (DBS) technologies, offer comprehensive solutions for collision avoidance and pedestrian protection in passenger cars and commercial vehicles.

Regional analysis highlights the importance of North America, Europe, and Asia Pacific as key markets for AEB system deployment, with opportunities for industry players to leverage market trends and capitalize on emerging business opportunities.

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List of the prominent players in the Autonomous Emergency Braking System Market:

Continental AG
Denso Corporation
Autoliv Inc.
Aisin Seiki Co. Ltd.
Robert Bosch GmbH
WABCO Vehicle Control Systems
Mando Corporation
Volvo Group
Hyundai Mobis
ZF Friedrichshafen AG
Hitachi Automotive Systems Ltd.
Panasonic Corporation
Magna International Inc.
Valeo SA
Mobileye N.V. (Intel Corporation)
Aptiv PLC
Hella GmbH & Co. KGaA
BorgWarner Inc.
Delphi Technologies (BorgWarner Inc.)
Infineon Technologies AG
Others

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The Autonomous Emergency Braking System Market is segmented as follows:

By Product Type

Low-speed AEB
High-speed AEB

By Technology

Forward Collision Warning
Dynamic Brake Support

By Vehicle Type

Passenger Cars
Commercial Vehicles

Click Here to Get a Free Sample Report of the Global Autonomous Emergency Braking System Market @ https://www.custommarketinsights.com/report/autonomous-emergency-braking-system-market/

Regional Coverage:

North America

U.S.
Canada
Mexico
Rest of North America

Europe

Germany
France
U.K.
Russia
Italy
Spain
Netherlands
Rest of Europe

Asia Pacific

China
Japan
India
New Zealand
Australia
South Korea
Taiwan
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

This Autonomous Emergency Braking System Market Research/Analysis Report Contains Answers to the following Questions.

Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Autonomous Emergency Braking System Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Autonomous Emergency Braking System Market? What Was the Capacity, Production Value, Cost and PROFIT of the Autonomous Emergency Braking System Market?
What Is the Current Market Status of the Autonomous Emergency Braking System Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Autonomous Emergency Braking System Market by Considering Applications and Types?
What Are Projections of the Global Autonomous Emergency Braking System Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Autonomous Emergency Braking System Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Autonomous Emergency Braking System Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Autonomous Emergency Braking System Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Autonomous Emergency Braking System Industry?

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Reasons to Purchase Autonomous Emergency Braking System Market Report

Autonomous Emergency Braking System Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Autonomous Emergency Braking System Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Autonomous Emergency Braking System Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Autonomous Emergency Braking System Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the global Autonomous Emergency Braking System market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Autonomous Emergency Braking System market analysis.

The competitive environment of current and potential participants in the Autonomous Emergency Braking System market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide Autonomous Emergency Braking System market should find this report useful. The research will be useful to all market participants in the Autonomous Emergency Braking System industry.
Managers in the Autonomous Emergency Braking System sector are interested in publishing up-to-date and projected data about the worldwide Autonomous Emergency Braking System market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Autonomous Emergency Braking System products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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