Global Autonomous Emergency Braking Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
Equipping vehicles with the capability to predict a crash and autonomously engage the brakes without requiring driver input is a key feature of Automatic Emergency Braking (AEB). Utilizing sensors and radar technology along with cameras sets AEB apart as a safety measure in vehicles that has been gaining traction due to recent advancements in artificial intelligence and machine learning technologies leading to its wider integration, across various types of vehicles.
Market Key Insights
- The Autonomous Emergency Braking market is projected to grow from $36.6 billion in 2024 to $358 billion in 2034. This represents a CAGR of 25.6%, reflecting rising demand across Vehicle Safety Enhancement, Assistance in Autonomous Vehicles and Traffic Jam Assistance.
- The market leaders Robert Bosch GmbH and ZF Friedrichshafen AG and Continental AG lead the industry through their dominant market position.
- U.S. and China are the top markets within the Autonomous Emergency Braking market and are expected to observe the growth CAGR of 24.6% to 35.8% between 2024 and 2030.
- Emerging markets including Indonesia, Mexico and South Africa are expected to observe highest growth with CAGR ranging between 19.2% to 26.6%.
- The Autonomous Emergency Braking market will experience a $45.9 billion increase in growth through 2030 because of the transition to electric vehicles.
- The Autonomous Emergency Braking market is set to add $321 billion between 2024 and 2034, with manufacturer targeting Low Speed AEB & Pedestrian AEB Technology Type projected to gain a larger market share.
- With Rise in road accidents, and Technological advancements in automobile industry, Autonomous Emergency Braking market to expand 877% between 2024 and 2034.
Opportunities in the Autonomous Emergency Braking
AEB systems have potential in enhancing safety in public transportation such as city buses and metros by preventing accidents and improving the overall commuting experience for passengers in smart cities with a growing emphasis, on public transport safety.
Growth Opportunities in North America and Europe
North America Outlook
In North America the market for Autonomous Emergency Braking (AEB) is highly competitive with companies such as Tesla and General Motors providing advanced AEB systems that are technologically advanced and advanced safety systems for vehicles are well received due to strict safety regulations in the region. The market landscape is shaped by technological advancements and a rising demand from consumers for enhanced safety measures in vehicles. There is potential for expansion driven by a growing consumer interest, in safety technologies and self driving cars.
Europe Outlook
In Europe's AEB market there is competition from major players like Volkswagen and Volvo where market trends are influenced mainly by regulations and the presence of top automotive companies along with technological progressions. It is mandatory for new cars in the EU to have AEB systems installed which drives the growth of the market. The key potential, for growth lies in utilizing research to improve AEB features and integrate them into the expanding electric vehicle sector.
Market Dynamics and Supply Chain
Driver: Rise in Road Accidents, and Stringent Government Regulations
The auto industry has also seen changes due to fast paced technological progress with AEB systems playing a crucial role, in driving market growth forward The incorporation of AI and sensor tech in present day vehicles has also greatly enhanced their safety features including AEB systems
Restraint: High Implementation Cost
Opportunity: The Booming Ride-Share Market and Commercial Fleet Expansion
The logistics and distribution industry is quickly growing with the rise of online shopping. Theres a higher need for delivery vehicles that come with autonomous emergency braking (AEB). This feature not keeps the products safe during transportation but also lowers the chances of accidents happening which could lead to lower insurance expenses, for businesses.
Challenge: Regulatory Challenges
Supply Chain Landscape
Bosch
Continental
Velodyne
First Sensor
Autoliv
ZF TRW Automotive
Toyota
General Motors
Bosch
Continental
Velodyne
First Sensor
Autoliv
ZF TRW Automotive
Toyota
General Motors
Applications of Autonomous Emergency Braking in Vehicle Safety Enhancement, Assistance in Vehicles & Traffic Jam Assistance
Autonomous Emergency Braking (AEB) plays a role in improving vehicle safety measures by automatically applying brakes to avoid collisions when the driver doesnt respond promptly enough in critical situations. Prominent companies such as Tesla and Toyota highlight this feature as a selling point that enhances safety and lowers the risk of accidents, on the road.
The automotive sector is moving towards self driving vehicles. In this transition AEB plays a crucial role in these driverless cars by providing an added safety measure that assists in making immediate braking choices when needed to enhance the dependability of autonomous technologies. Waymo and Uber are, among the leading companies using AEB to guarantee the safety and efficiency of their self driving vehicle fleets.
Autonomous Emergency Braking is a feature for handling urban traffic and lessening driver exhaustion during busy traffic times in cities. It automatically activates the brakes in moving traffic situations lowering the pressure on drivers and enhancing the driving experience overall. Companies such as Volkswagen and Honda are incorporating AEB into their systems that assist with navigating traffic jams to meet the increasing consumer interest, in driver assistance technologies.
Recent Developments
Tesla revealed an enhancement, to their Autonomous Emergency Braking system aimed at boosting its effectiveness during high speed scenarios.
Waymo has made strides in improving its autonomous emergency braking system by incorporating AI algorithms to enhance pedestrian safety.
Volvo has launched an advanced Autonomous Emergency Braking system that is designed to detect and respond to multiple vehicles.