Autonomous Emergency Braking (AEB) System Market Size Worth $226.65 Billion By 2032 | CAGR: 23.20%
The global autonomous emergency braking system market size is expected to reach USD 226.65 billion by 2032, according to a new study by Polaris Market Research. The report “Autonomous Emergency Braking (AEB) System Market Share, Size, Trends, Industry Analysis Report, By System (Low-speed AEBS, and High-speed AEBS); By Vehicle Type; By Technology; By Region; Segment Forecast, 2024- 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increase in consumer expenditures, mainly fueled by income, is the primary driving factor contributing to the growth of the autonomous emergency braking system market. While real wages play a significant role, factors like interest rates, inflation, saving rates, and access to finance also contribute to consumer spending. The surge in expenses is attributed to the widespread installation of systems in passenger cars.
Additionally, the enforcement of safety mandates by governments in Europe and the U.S. has propelled market expansion. Over 40 countries have endorsed the mandate for automatic emergency braking. The United Nations Economic Commission for Europe has established regulations mandating automatic emergency braking (AEB) by 2020. This protocol leverages a combination of cameras, radar, LiDAR, lasers, and other sensors to monitor objects in the vehicle's path, automatically applying brakes if drivers fail to respond to an impending threat. The emergence of semi-autonomous vehicles is poised to unlock further growth opportunities in the market.
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A4utonomous emergency braking (AEB) system market is witnessing a surge in opportunities driven by several key factors. Firstly, increasing government regulations mandating the inclusion of AEB in vehicles for enhanced safety is a major catalyst. Additionally, rising consumer awareness and demand for advanced driver-assistance systems (ADAS) are driving market growth.
The integration of AEB technology into a wider range of vehicle models is also expanding its market reach. Moreover, technological advancements, such as improved sensor capabilities and AI algorithms are enhancing the effectiveness of AEB systems, further fueling market opportunities.
Autonomous Emergency Braking (AEB) System Market Report Highlights
- High-speed autonomous emergency braking (AEB) system segment is expected to grow at the highest CAGR during the projected period, on account of reducing the severity and occurrence of highway accidents.
- Passenger vehicle segment accounted for the largest market share in 2022, which is mainly driven by the surge in safety awareness among passenger car users, coupled with the greater prevalence of passenger vehicles compared to commercial ones is driving this growth.
- The dynamic Brake Support segment held a significant market revenue share in 2022, mainly due to an increase in the sale of luxury vehicles
- Asia Pacific region dominated the market with a majority share in 2022, owing to exponential growth in technology and rising R&D investments across emerging economies
- The global key market players include Continental AG, Delphi Automotive LLP, Denso Corporation, Hitachi Automotive Systems, and Valeo.
Polaris Market Research has segmented the autonomous emergency braking (AEB) system market report based on system, vehicle type, technology, and region:
Autonomous Emergency Braking (AEB) System, System Outlook (Revenue - USD Billion, 2019 - 2032)
- Low-speed AEBS
- High-speed AEBS
Autonomous Emergency Braking (AEB) System, Vehicle Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Passenger Vehicle
- Commercial Vehicle
Autonomous Emergency Braking (AEB) System, Technology Outlook (Revenue - USD Billion, 2019 - 2032)
- Dynamic Brake Support
- Crash Imminent Braking
Autonomous Emergency Braking (AEB) System, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Autonomous Emergency Braking (AEB) System Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 42.58 billion |
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Revenue forecast in 2032 |
USD 226.65 billion |
|
CAGR |
23.20% from 2024 – 2032 |
|
Base year |
2023 |
|
Historical data |
2019 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
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Segments covered |
By System, By Vehicle Type, By Technology, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
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For Specific Research Requirements |
