Autonomous Emergency Braking (AEB) System Market Growth, Top Players, and Forecast by 2031

The Autonomous Emergency Braking (AEB) system market is expected to register a CAGR of 18.7% during 2023–2031. There is an increasing trend of electrification, automated driving, and connected vehicles driving the market for AEB systems.

Autonomous Emergency Braking (AEB) System Market Analysis

Over a couple of recent years, the Autonomous Emergency Braking (AEB) system market has seen flourishing, primarily driven by growing innovation and technological development. Rising awareness towards vehicle safety, Government legislatures that are encouraging the integration of advanced safety features in vehicles, and the increased penetration of semi-autonomous and autonomous vehicles are the factors that are fuelling the growth of the AEB system market.

Furthermore, market growth is propelled by the increasing importance of driver safety and, therefore, the reduction of road accidents through the AEB system. Advanced technology that introduces artificial intelligence (AI) and machine learning algorithms will substantially improve the performance and reliability of AEB systems. These substantially improved AEB systems will increasingly influence the AEB technology market. For instance, over the forecast period, numerous leading OEMs globally were anticipated to integrate deep learning into their advanced driver-assistance system (ADAS).

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Autonomous Emergency Braking (AEB) System Market: Strategic Insights

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Autonomous Emergency Braking (AEB) System Market Overview

Autonomous Emergency Braking (AEB) System Market Drivers and Opportunities Increasing Technological Advancements

Because AI and machine learning algorithms are being used to enable the autonomous identification of potential collision scenarios and the braking maneuvers that, for instance, prevent a forward collision by AEB systems, the ability to detect and classify potential collision scenarios, and apply an appropriate response based on the potential collision risk, is made safer and faster. Specifically, the better identification of the potential collision scenarios leads to better responses, including braking maneuvers. Furthermore, additional advanced versions of AEB use a sensor fusion system that combines inputs from all the sensors operating together to discern traffic scenes automatically so their roles and interactions can best be exploited. The result is an overall improvement of the vehicle control system dynamics, which are used by the AEB system to identify proximate or imminent hazards and implement mitigation measures with improved safety, accuracy, and effectiveness. Another major reason for the demand for AEB systems is the fact that sensor technology, data processing capabilities, and machine learning algorithms are all constantly improving their performance, making those safety features better able to detect and prevent potential collisions or mitigate their effects when a collision has occurred.

Increasing Concerns About Road Safety and Government Regulations

The rising concern over road safety is the main reason for the growth in the market of Autonomous Emergency Braking (AEB) systems. A large number of road accidents and road safety awareness further grew the demand for safety features in vehicles such as the AEB systems, specifically in the Asia-Pacific region, where the market will record the highest CAGR during the forecast period. This growth is attributed to an increase in vehicle production, road safety awareness, increasing adoption of advanced technologies, and a shift in consumer preference.

Government regulations promoting the adoption of these high-tech safety systems—such as AEB—are also contributing to market growth, as illustrated by the US National Highway Traffic Safety Administration (NHTSA), which included AEB systems in its new car assessment program (NCAP) to prevent or mitigate crashes and boost the market.

Further, the commercial vehicles segment is promoting the growth of the AEB systems. Also, government and regulating bodies are enforcing safety regulations on commercial vehicles. They have been recommending advanced safety technologies on commercial vehicles such as braking systems, which can potentially reduce collisions of motorcycles and truck accidents. Accordingly, many commercial vehicle operators are required to operate their vehicles with advanced safety technologies such as AEB systems, which is driving the demand for AEB systems on commercial vehicles.

Autonomous Emergency Braking (AEB) System Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Autonomous Emergency Braking (AEB) system market analysis are vehicle type, application, operating speed, vehicle type, and component.

• Based on vehicle type, the Autonomous Emergency Braking (AEB) system market is divided into passenger vehicles and commercial vehicles.
• based on operating speed, the market is divided into Driver Assistance Systems, Telematics, and Others.
• based on vehicle type, the market is divided into High Speed-Inter Urban AEB Systems, Low Speed-City AEB Systems, and Pedestrian-VRU (Vulnerable Road Users) AEB Systems.
• based on components, the market is divided into actuators, audible buzzers, controllers, sensors, and visual indicators.
• based on application, the market is divided into forward emergency braking, reverse emergency braking, and multi-directional braking.

Autonomous Emergency Braking (AEB) System Market Share Analysis by Geography

Autonomous Emergency Braking (AEB) System Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering Autonomous Emergency Braking (AEB) system market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level. Also, the report covers PEST analysis, which involves the study of major factors that influence the Autonomous Emergency Braking (AEB) system market in these regions.

Autonomous Emergency Braking (AEB) System Market Regional Insights

The regional trends and factors influencing the Autonomous Emergency Braking (AEB) System Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Autonomous Emergency Braking (AEB) System Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Autonomous Emergency Braking (AEB) System Market Report Scope

Autonomous Emergency Braking (AEB) System Market Players Density: Understanding Its Impact on Business Dynamics

The Autonomous Emergency Braking (AEB) System Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Autonomous Emergency Braking (AEB) System Market are:

1. Autoliv, Inc.
2. Continental AG
3. DAF
4. Delphi Technologies
5. Hyundai Mobis Co., Ltd.

Disclaimer: The companies listed above are not ranked in any particular order.

Autonomous Emergency Braking (AEB) System Market News and Recent Developments

The Autonomous Emergency Braking (AEB) system market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Autonomous Emergency Braking (AEB) system market are listed below:

• Plus, a leading provider of highly automated and autonomous driving software solutions, announced today the launch of a new and breakthrough technology offering called PlusProtect™. PlusProtect is AI-based software that enhances next-generation safety systems for all vehicle types with industry-leading functionalities like high-performance automatic collision mitigation. Safety systems help contribute to enhanced road safety. According to the National Highway Traffic Safety Administration (NHTSA), 60,000 rear-end crashes a year involve a heavy vehicle striking another vehicle. (Source: HARMAN International, Company Website, May 2024)

Autonomous Emergency Braking (AEB) System Market Report Coverage and Deliverables

The “Autonomous Emergency Braking (AEB) System Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Autonomous Emergency Braking (AEB) system market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Autonomous Emergency Braking (AEB) system market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Autonomous Emergency Braking (AEB) system market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Autonomous Emergency Braking (AEB) system market
• Detailed company profiles