Global Autonomous Emergency Braking (AEB) System Industry: Types, Applications, Market Players, Regional Growth Analysis, and Future Scenarios (2024 - 2031)
Autonomous Emergency Braking (AEB) System Introduction
The Global Market Overview of "Autonomous Emergency Braking (AEB) System Market" offers a unique insight into key market trends shaping the industry world-wide and in the largest markets. Written by some of our most experienced analysts, the Global Industrial Reports are designed to provide key industry performance trends, demand drivers, trade, leading companies and future trends. The Autonomous Emergency Braking (AEB) System market is expected to grow annually by 7.8% (CAGR 2024 - 2031).
Autonomous Emergency Braking (AEB) is an advanced safety technology designed to prevent or reduce the severity of collisions by automatically applying the brakes when a potential collision is detected. The purpose of AEB is to provide an additional layer of protection for drivers and pedestrians in emergency situations where the driver may not be able to react quickly enough.
The advantages of AEB include a significant reduction in rear-end collisions, enhanced safety for pedestrians and cyclists, and potentially lower insurance premiums. Additionally, AEB has been proven to save lives and reduce the severity of injuries in accidents.
The increasing demand for advanced safety features in vehicles is expected to drive the growth of the Autonomous Emergency Braking (AEB) System Market. With more automakers incorporating AEB as a standard feature in their vehicles, the market for AEB systems is forecasted to expand rapidly in the coming years.
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Market Trends in the Autonomous Emergency Braking (AEB) System Market
- Integration of artificial intelligence and machine learning technologies into AEB systems to improve accuracy and response time in emergency situations
- Growing consumer demand for advanced driver assistance systems (ADAS) leading to wider adoption of AEB systems in vehicles
- Increased focus on pedestrian detection and protection capabilities in AEB systems to enhance safety for all road users
- Industry disruptions from new entrants and startups offering innovative AEB solutions at competitive prices
- Collaboration between automotive companies and technology firms to develop next-generation AEB systems with enhanced features and functionalities
Overall, the Autonomous Emergency Braking (AEB) System market is expected to witness significant growth driven by technological advancements, changing consumer preferences, and industry disruptions. The market is projected to expand further as AEB systems become standard features in vehicles and offer more advanced safety capabilities.
Market Segmentation
The Autonomous Emergency Braking (AEB) System Market Analysis by types is segmented into:
- Camera
- Fusion
- LiDAR
- Radar
Camera-based AEB systems use visual input to detect obstacles, Fusion AEB systems combine multiple sensors such as cameras, radar, and LiDAR to provide accurate detection, LiDAR-based AEB systems use laser technology to measure the distance to objects, and Radar AEB systems use radio waves to detect obstacles. These types of AEB systems enhance safety by automatically applying the brakes when a collision is imminent, reducing the severity of accidents and potentially saving lives, thereby driving the demand for AEB systems in the market.
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The Autonomous Emergency Braking (AEB) System Market Industry Research by Application is segmented into:
- Passenger Car
- Commercial Vehicle
The Autonomous Emergency Braking (AEB) system is an advanced safety feature that automatically applies the brakes to prevent or mitigate collisions. In passenger cars, the AEB system helps reduce the severity of accidents by detecting potential collisions with vehicles or pedestrians and taking action if the driver does not react in time. In commercial vehicles, the AEB system helps prevent rear-end collisions and improve overall road safety. The fastest growing application segment in terms of revenue for AEB systems is the passenger car market, driven by increasing consumer demand for advanced safety features in vehicles.
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Geographical Spread and Market Dynamics of the Autonomous Emergency Braking (AEB) System Market
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The Autonomous Emergency Braking (AEB) System market in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa is witnessing significant growth due to the increasing emphasis on road safety and government regulations mandating the installation of AEB systems in vehicles. Key players such as Bosch, Continental, ZF Friedrichshafen, and others are investing heavily in research and development to enhance their product offerings and expand their market presence. The market is driven by factors such as the rising number of road accidents, growing awareness about advanced driver assistance systems, and the increasing demand for luxury and premium vehicles equipped with advanced safety features. With the technological advancements and increasing adoption of autonomous vehicles, the AEB system market in these regions is expected to witness substantial growth opportunities in the coming years.
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Autonomous Emergency Braking (AEB) System Market Growth Prospects and Market Forecast
The Autonomous Emergency Braking (AEB) System Market is expected to witness a significant CAGR during the forecasted period, driven by innovative growth drivers such as the increasing emphasis on vehicle safety, technological advancements in autonomous driving systems, and government regulations mandating the inclusion of AEB systems in vehicles. Strategies such as collaborations between automakers and technology companies to develop advanced AEB systems, the integration of artificial intelligence and machine learning technologies for improved detection and response capabilities, and the focus on enhancing the effectiveness of AEB systems in various driving conditions are expected to further boost market growth.
Innovative deployment strategies such as offering AEB systems as standard features in new vehicles, retrofitting older vehicles with aftermarket AEB kits, and leveraging data analytics and predictive maintenance techniques to optimize the performance of AEB systems can increase the growth prospects of the market. Moreover, trends such as the increasing adoption of connected car technologies, the rise of autonomous vehicle fleets, and the development of next-generation AEB systems with enhanced capabilities for pedestrian and cyclist detection are expected to drive the market forward.
Autonomous Emergency Braking (AEB) System Market: Competitive Intelligence
- Bosch
- Continental
- ZF Friedrichshafen
- Wabco
- Delphi Automotive
- Autoliv
- DAF
- Denso
- Mobileye
- Hyundai Mobis
- Knorr-Bremse
Bosch: Bosch is a leading player in the AEB system market, known for its innovative solutions and cutting-edge technology. The company has a strong track record of performance and has been consistently expanding its market presence globally.
Continental: Continental is another key player in the AEB system market, renowned for its advanced safety technologies. The company has been focusing on developing innovative solutions to cater to the increasing demand for autonomous braking systems.
Denso: Denso is a major player in the automotive industry, with a strong focus on safety technologies including AEB systems. The company has a history of delivering high-quality products and has been investing in research and development to stay ahead in the market.
Hyundai Mobis: Hyundai Mobis is a prominent player in the AEB system market, with a strong presence in the Asian market. The company has been expanding its product portfolio and global footprint to capitalize on the growing demand for autonomous emergency braking systems.
Sales revenue:
- Bosch: $ billion
- Continental: $44.8 billion
- Denso: $43.7 billion
- Hyundai Mobis: $32.7 billion
Overall, these companies have been at the forefront of the AEB system market, leveraging their innovative technologies and strong market presence to drive growth and meet the evolving needs of customers worldwide. With the increasing focus on safety and the growing adoption of autonomous driving technology, these players are well-positioned to capitalize on the opportunities presented by the expanding AEB system market.
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