The Global Autonomous Emergency Braking (AEB) Market size is expected to reach $80.3 billion by 2030, rising at a market growth of 13.4% CAGR during the forecast period.
Asia Pacific region increasingly include emergency braking systems in their car models. OEM market competitiveness fuels Asia Pacific’s demand for advanced braking systems. Consequently, the Asia Pacific generated $8.6 billion revenue in the market in 2022. OEMs in the They know the need for cutting-edge safety measures and aim to differentiate themselves from other manufacturers by providing emergency braking as a standard or optional feature. Some of the factors impacting the market are significant R&D investment in the development of AEB system, raising awareness of road safety, and High initial costs could prevent adoption.
The demand for increased road safety has led to an abrupt spike in this market. Automotive market participants have invested in significant R&D (Research and Development) to enhance AEB systems. The goal of R&D is to improve the performance and applicability of emergency braking systems while also expanding their capabilities and efficacy. By making R&D investments, market participants hope to raise the efficiency, dependability, and overall performance of advanced braking systems. These developments boost customer confidence, satisfy regulatory standards, and promote the market acceptance of advanced braking system technology. Due to growing traffic and congestion, the safety of people has taken on the highest priority, giving rise to various telematics solutions. A key element propelling market’s expansion is the improvement of advanced driver assistance systems (ADAS) features in automobiles. These programs raise public awareness of the importance of safety technology and encourage manufacturers and governments to fund and support the implementation of cutting-edge safety systems like AEB. As a result, market growth is projected in the coming years.
However, advanced sensor technology, complex algorithms, and interaction with other safety systems used by AEB systems can raise the cost of vehicle manufacturing. Some consumers, especially in price-sensitive regions, may be turned off by the more significant costs associated with improved braking systems, which could hinder market expansion and adoption. The retrofit market is constrained, and the general adoption of advanced braking systems is hampered by the retrofitting process, which might vary based on the make and model of the vehicle.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, Hyundai Mobis Co., Ltd. (Hyundai Motor), Aisin Corporation (Toyota Motor Corporation), Hitachi, Ltd. (Hitachi Astemo, Ltd.), Valeo SA, HL Mando Corporation, Netradyne, Inc., and Aptiv PLC
Asia Pacific region increasingly include emergency braking systems in their car models. OEM market competitiveness fuels Asia Pacific’s demand for advanced braking systems. Consequently, the Asia Pacific generated $8.6 billion revenue in the market in 2022. OEMs in the They know the need for cutting-edge safety measures and aim to differentiate themselves from other manufacturers by providing emergency braking as a standard or optional feature. Some of the factors impacting the market are significant R&D investment in the development of AEB system, raising awareness of road safety, and High initial costs could prevent adoption.
The demand for increased road safety has led to an abrupt spike in this market. Automotive market participants have invested in significant R&D (Research and Development) to enhance AEB systems. The goal of R&D is to improve the performance and applicability of emergency braking systems while also expanding their capabilities and efficacy. By making R&D investments, market participants hope to raise the efficiency, dependability, and overall performance of advanced braking systems. These developments boost customer confidence, satisfy regulatory standards, and promote the market acceptance of advanced braking system technology. Due to growing traffic and congestion, the safety of people has taken on the highest priority, giving rise to various telematics solutions. A key element propelling market’s expansion is the improvement of advanced driver assistance systems (ADAS) features in automobiles. These programs raise public awareness of the importance of safety technology and encourage manufacturers and governments to fund and support the implementation of cutting-edge safety systems like AEB. As a result, market growth is projected in the coming years.
However, advanced sensor technology, complex algorithms, and interaction with other safety systems used by AEB systems can raise the cost of vehicle manufacturing. Some consumers, especially in price-sensitive regions, may be turned off by the more significant costs associated with improved braking systems, which could hinder market expansion and adoption. The retrofit market is constrained, and the general adoption of advanced braking systems is hampered by the retrofitting process, which might vary based on the make and model of the vehicle.
Type Outlook
Based on type, the market is bifurcated into crash imminent braking and dynamic brake support. In 2022, the dynamic brake support segment registered the highest revenue share in the market. DBS systems can enhance a vehicle's overall braking performance by providing additional braking power or adjusting the brake force distribution among the wheels. Through performing this, users can shorten braking distances and increase vehicle stability in challenging driving situations. The need for increased safety and braking process management drives the demand for DBS systems.System Outlook
On the basis of system, the market is categorized into low speed and high speed. The high-speed segment garnered a significant revenue share in the market in 2022. There is a rising focus on enhancing highway safety because high-speed accidents can have serious repercussions. High-speed braking systems are designed to recognize and react to crashes that might occur at faster speeds, such as rear-end collisions or lane departure accidents on highways. The need to lessen the seriousness and frequency of highway accidents has fueled the demand for high-speed braking systems.
Vehicle Type Outlook
By vehicle type, the market is segmented into passenger cars and commercial vehicles. In 2022, the passenger cars segment dominated the market with the maximum revenue share. Consumer awareness and safety concerns have increased substantially, driving demand for vehicles with cutting-edge safety features. The emergency braking systems have been commended for their aptitude to recognize potential collisions and automatically apply brakes, lowering the probability of accidents and reducing their severity. The rising demand for passenger cars with increased safety features has spurred the adoption of sophisticated braking systems.Regional Outlook
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region witnessed the largest revenue share in the market. In North America, there is an increasing focus on improving road safety, mainly to lower the rate of accidents and severity. Critical safety elements such as advanced braking systems can lessen or avoid collisions. The growing awareness influences the demand for autonomous emergency braking systems and the need for traffic safety. Furthermore, North American consumers are becoming more aware of the advantages of emergency braking systems.The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, Hyundai Mobis Co., Ltd. (Hyundai Motor), Aisin Corporation (Toyota Motor Corporation), Hitachi, Ltd. (Hitachi Astemo, Ltd.), Valeo SA, HL Mando Corporation, Netradyne, Inc., and Aptiv PLC
Strategies Deployed in the Market
- Jan-2023: Hyundai Mobis, a division of Hyundai Motor announced a partnership with Qualcomm for creating an autonomous driving system. Hyundai Mobis will work on creating an integrated autonomous driving controller that can scale up to level 3 based on Qualcomm's Snapdragon Ride Platforms. The controller would allow Hyundai Mobis to develop a software platform that can achieve level 3 or higher autonomous driving in less than six months.
- Apr-2022: Bosch announced the acquisition of Five AI Ltd., a company focused on cloud-based development and testing platforms for self-driving software. The acquisition enabled Bosch to advance its software development for safe automated driving and offer European-made products to its clients.
- Mar-2022: Bosch took over Atlatec, a company focused on creating high-resolution 3D maps. By enhancing Bosch's capabilities around high-resolution digital maps, the companies aimed to broaden their offering for autonomous driving. With this acquisition, Bosch became the lone provider of all the technology needed for automated driving, from software and maps to actuators and sensors.
- Nov-2021: Valeo SA announced an enhancement to its scanning LiDAR series with third-generation LiDAR, a third-gen LiDAR enhanced range, resolution, and detection for autonomy. This advancement bolsters Valeo's technological and industrial prominence and Valeo would be able to focus on road safety and saving lives.
- Apr-2021: ZF Friedrichshafen AG launched OnGuardMAX, a smart safety system that senses danger and can warn and brake to prevent crashes. OnGuardMAX would be used in commercial vehicles, it uses advanced cameras and radar to spot and react to vehicles, bikes, and pedestrians, warning drivers and applying brakes if necessary.
- Dec-2019: Hitachi Astemo, Ltd., a subsidiary of Hitachi, Ltd. introduced Stereo Camera, a stereo camera that enables intersection AEB without radar. This technology would provide a view three times wider than standard stereo cameras, enabling Intersection AEB, while retaining Adaptive Cruise Control and without significantly adding sensor pixels.
- Jun-2019: Hitachi Automotive Systems (HAS) acquired Chassis Brakes International, a multinational manufacturer of automotive brakes and brake components. This acquisition strengthened Hitachi Automotive Systems’ chassis and safety systems capabilities. It also supported the development and integration of electrification, AD/ADAS technologies, and software that contributes to a safer and more sustainable society.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Dynamic Brake Support
- Crash Imminent Braking
By System
- Low Speed
- High Speed
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Norway
- Netherlands
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Taiwan
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Robert Bosch GmbH
- Continental AG
- ZF Friedrichshafen AG
- Hyundai Mobis Co., Ltd.( Hyundai Motor)
- Aisin Corporation(Toyota Motor Corporation)
- Hitachi, Ltd.(Hitachi Astemo, Ltd.)
- Valeo SA
- HL Mando Corporation
- Netradyne, Inc.
- Aptiv PLC
Unique Offerings
- Exhaustive coverage
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market At a Glance
Chapter 3. Market Overview
Chapter 5. Global Autonomous Emergency Braking (AEB) Market by Type
Chapter 6. Global Autonomous Emergency Braking (AEB) Market by System
Chapter 7. Global Autonomous Emergency Braking (AEB) Market by Vehicle Type
Chapter 8. Global Autonomous Emergency Braking (AEB) Market by Region
Chapter 9. Company Profiles
Companies Mentioned
- Robert Bosch GmbH
- Continental AG
- ZF Friedrichshafen AG
- Hyundai Mobis Co., Ltd. ( Hyundai Motor)
- Aisin Corporation (Toyota Motor Corporation)
- Hitachi, Ltd. (Hitachi Astemo, Ltd.)
- Valeo SA
- HL Mando Corporation
- Netradyne, Inc.
- Aptiv PLC
Methodology
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