Autonomous Emergency Braking System (AEBS) Market Analysis: Key Insights on Growth Rates, Trends, and Major Opportunities
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How Does the Projected Growth of the Autonomous Emergency Braking System (AEBS) Market Compare Over the Forecast Period?
There has been explosive growth in the market size of the autonomous emergency braking system (AEBS) in recent years. The market is projected to expand from $38.47 billion in 2024 to $47.8 billion in 2025, representing a compound annual growth rate (CAGR) of 24.3%. This significant growth during the historical period can be credited to strict safety regulations, heightened consciousness about vehicle safety, incentives for reduced insurance premiums, partnerships with automotive safety organizations, and an emphasis on the safety of pedestrians and bicyclists.
The market size of the autonomous emergency braking system (AEBS) is projected to witness substantial growth in the upcoming years, potentially reaching $101.64 billion in 2029 with a compound annual growth rate (CAGR) of 20.8%. The increase in the anticipated period is due to factors such as the global synchronization of safety regulations, integration into self-driving vehicle systems, mandated inclusion in car safety ratings, urbanization and handling of traffic congestion, as well as collaboration with the insurance sector. Key emerging trends during this forecast period include the combination with advanced sensor technologies, the application of artificial intelligence (AI) algorithms, improved detection and evasion of cyclists, and the incorporation of vehicle-to-everything (v2x) communication.
What Are the Primary Drivers Supporting the Growth of the autonomous emergency braking system (aebs) Market?
The growing consumer appetite for high-end vehicles has been identified as a key factor propelling the expansion of the autonomous emergency braking system (AEBS) market. Luxury vehicles, recognized for their superior comfort, top-notch features, and premium materials, often provide a prestigious driving experience. These vehicles frequently include sophisticated autonomous emergency braking systems, which enhance safety by applying brakes in high-risk scenarios, prioritizing the welfare of the driver and passengers. As per financial reports published by Germany’s luxury car manufacturer, BMW AG, BMW’s sales in the U.S. rose by 11.5% in the Q2 of 2023 compared to Q2 of 2022, with a total of 87,948 vehicles sold. A report by Cox Automotive in December 2022 indicated that the share of luxury vehicles in total sales ramped up from 17.8% in October 2022 to 18.2% in November 2022, levels that had not been seen before. As a result, the surging demand for luxury vehicles is stimulating the growth of the autonomous emergency braking system (AEBS) market. The growing importance of autonomous emergency braking systems (AEBS) in reducing road accidents is another catalyst spurring the growth of the autonomous emergency braking system (AEBS) market. Road accidents comprise situations involving vehicles, pedestrians, cyclists, or other road users that cause property damage, injuries, or fatalities. Autonomous emergency braking systems add a layer of safety, helping prevent road accidents by lessening collision severity and offsetting human errors. According to the World Health Organization, we lose nearly 1.3 million lives annually due to road traffic injuries. Hence, the mounting number of road accidents is fueling the expansion of the autonomous emergency braking system (AEBS) market.
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Who Are the Key Players Steering the Development of the Autonomous Emergency Braking System (AEBS) Market?
Major companies operating in the autonomous emergency braking system (aebs) market report are:
• General Motors Company_x000D_
• Mitsubishi Electric Corporation_x000D_
• Robert Bosch GmbH_x000D_
• Hitachi Ltd._x000D_
• DENSO Corporation_x000D_
How Are Consumer Trends Shaping the Current and Future Landscape of the Autonomous Emergency Braking System (AEBS) Market?
Leading enterprises in the autonomous emergency braking system (AEBS) market are striving to develop cutting-edge technologies like AI-based technology, to improve vehicle safety and reaction times. AI-enabled technology involves the application of algorithms and machine learning methodologies to let systems imitate human intelligence. For example, in May 2024, PlusAI Inc., a company specializing in autonomous driving technology in the US, introduced PlusProtect. PlusProtect is an AI-associated technology that boosts next-generation safety measures for different vehicle types. This state-of-the-art software embraces a range of performance-optimized features, including automatic emergency braking (AEB), warnings for lane departure, and support for traffic jams. The system is equipped with self-calibrating sensors that continually tweak themselves to guarantee accurate data and performance. This groundbreaking software is built to assist global automotive suppliers at Tier 1 and vehicle manufacturers in incorporating high-quality safety features into their products.
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Which Key Segments Define the Structure of the Autonomous Emergency Braking System (AEBS) Market and Their Growth Potential?
The autonomous emergency braking system (AEBS) market covered in this report is segmented –
1) By Product Type: Low-speed Autonomous Emergency Braking System, High-speed Autonomous Emergency Braking System
2) By Technology: Crash Imminent Braking, Dynamic Brake Support
3) By Vehicle Type: Passenger Vehicle, Commercial Vehicle
Subsegments:
1) By Low-speed Autonomous Emergency Braking System: City Speed AEBS, Parking Assist AEBS
2) By High-speed Autonomous Emergency Braking System: Highway Speed AEBS, Adaptive Cruise Control With AEBS
Which Geographical Regions Are Shaping the Autonomous Emergency Braking System (AEBS) Market Growth?
North America was the largest region in the autonomous emergency braking system (AEBS) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the autonomous emergency braking system (aebs) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
How Do Experts Define the Scope of the Autonomous Emergency Braking System (AEBS) Market?
The autonomous emergency braking system (AEBS) is a safety feature in vehicles that automatically detects potential collisions and applies the brakes to prevent or mitigate the impact, reducing the severity of accidents. It uses sensors and advanced algorithms to assess the situation and take action when necessary to enhance driver and passenger safety.
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