Global Autonomous Emergency Braking Market, By Brake (Disc, Drum), System (Low Speed AEB System, Higher Speed AEB System, Pedestrian AEB System), Technology (Crash Imminent Braking, Dynamic Brake Support, Forward Collision Warning), Vehicle (ICE, Electric and Hybrid Vehicle) – Industry Trends and Forecast to 2030.
Autonomous Emergency Braking Market Analysis and Size
It has been witnessed that there is a persistent rise in the number of road accidents globally. For Instance, according to the Times of India in January 2022, road crashes increase by 10% in 2021, and over 400 people died in crashes or accidents. The number of road accidents was around 796 in 2020 which had augmented to around 874 in 2021. The number of deadly road accidents in 2020 was 347 which augmented to 389 in 2021. Furthermore, in 2020 around 375 people died in fatal road accidents which were augmented to around 409 in 2021. Thus, the increasing number of accidents enhances the demand for the autonomous emergency braking in the global market.
Data Bridge Market Research analyses that the autonomous emergency braking market is expected to reach USD 101.04 billion by 2030, which is USD 35.67 billion in 2022, at a CAGR of 13.90% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Autonomous Emergency Braking Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Brake (Disc, Drum), System (Low Speed AEB System, Higher Speed AEB System, Pedestrian AEB System), Technology (Crash Imminent Braking, Dynamic Brake Support, Forward Collision Warning), Vehicle (ICE, Electric and Hybrid Vehicle)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Robert Bosch GmbH (Germany), BorgWarner Inc. (U.K.), Mercedes-Benz Group AG (Germany), Continental AG (Germany), Valeo (France), ZF Friedrichshafen AG (Germany), Tesla (U.S.), Magna International Inc, (Canada), Waymo LLC (U.S.), BMW (Germany), Texas Instruments Incorporated. (U.S.), General Motors (U.S.), Audi AG (Germany), NXP Semiconductor (Netherlands). Ford Motor Company (U.S.), Volkswagen (Germany), Toyota Kirloskar Motor (India), DENSO Corporation (Japan)
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Market Opportunities
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Market Definition
Autonomous emergency braking refers to advanced safety technology that monitors traffic situation and automatically brakes the vehicle when the driver is not capable of responding or fails to respond to an emergency condition. This significant technology is being installed in vehicles to prevent accidents to occur. This system also contributes to advanced driver assistance system (ADAS).
Autonomous Emergency Braking Market Dynamics
Drivers
- Growing number of accidents
The increasing number of accidents is anticipated to drive the growth rate of the autonomous emergency braking market during the forecast period. Accidents refer to any injury owing to crashes involving a vehicle fully or partially on a public road. Autonomous emergency braking helps recognize when a potential collision is possible and responds by automatically applying the brakes to slow down a vehicle before impacting it to a stop to avoid a collision.
- Rising sales of passenger car and growing penetration of crash avoidance technology
Increasing passenger car sales will contribute considerably towards the expansion of the market. Moreover, the growing penetration of crash avoidance technology is further driving the growth of the autonomous emergency braking market. For instance, manufacturers comprising Tesla are offering crash avoidance technology as standard in most vehicles, thus influencing the market's growth. Major manufacturers of automobile are providing crash avoidance technology in luxury and medium car. Thus, the increasing usage of autonomous emergency braking in nearly all types of vehicles is increasing the market growth.
Opportunities
- Rise in the product innovations
New product innovations have developed as the major trend which are gaining popularity in the global autonomous emergency braking market and create numerous opportunities for the market growth in upcoming years. Major market pkayers operating in the autonomous emergency braking sector are focused on launching product innovations to maintain their position in the global market. For instance, ZF Friedrichshafen AG which is a Germany-based company that manufactures car parts for autonomous emergency breaks has launched the OnGuardMAX system in April 2021. This is the most advanced autonomous emergency braking technology. It comprises autonomous braking capability and advanced object detection and autonomously detect the vehicles.
Restraints
- Multiple drawbacks associated with autonomous emergency braking
The high price for maintenance and installation of autonomous emergency braking technology and low spending capacity of people in underdeveloped countries are some of the major factors which is expected to obstruct the market growth. Moreover, absence of a suitable frequency band for operating such technology is projected to major challenge for the autonomous emergency braking market during the forecast period of 2023-2030.
This autonomous emergency braking market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the autonomous emergency braking market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Autonomous Emergency Braking Market Scope
The autonomous emergency braking market is segmented based on the brake, system, technology and vehicle. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Brake
- Disc
- Drum
System
- Low Speed AEB System
- Higher Speed AEB System
- Pedestrian AEB System
Technology
- Crash Imminent Braking
- Dynamic Brake Support
- Forward Collision Warning
Vehicle
- ICE
- Electric
- Hybrid Vehicle
Autonomous Emergency Braking Market Regional Analysis/Insights
The autonomous emergency braking market is analyzed and market size insights and trends are provided by country, brake, system, technology and vehicle as referenced above.
The countries covered in the autonomous emergency braking market report are report U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the autonomous emergency braking market in terms of revenue growth due to the presence of leading manufacturers and market players. Furthermore, implementation of regulations promoting the development and deployment of AEB and increase in sales of luxury cars will further boost the market growth in the region.
North America is projected to be the fastest developing region during the forecast period of 2023-2030. This is mainly due to the early adoption of autonomous emergency braking in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Autonomous Emergency Braking Market Share Analysis
The autonomous emergency braking market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to autonomous emergency braking market.
Some of the major players operating in the autonomous emergency braking market are:
- Robert Bosch GmbH (Germany)
- BorgWarner Inc. (U.K.)
- Mercedes-Benz Group AG (Germany)
- Continental AG (Germany)
- Valeo (France)
- ZF Friedrichshafen AG (Germany)
- Tesla (U.S.)
- Magna International Inc, (Canada)
- Waymo LLC (U.S.)
- BMW (Germany)
- Texas Instruments Incorporated. (U.S.)
- General Motors (U.S.)
- Audi AG (Germany)
- NXP Semiconductor (Netherlands)
- Ford Motor Company (U.S.)
- Volkswagen (Germany)
- Toyota Kirloskar Motor (India)
- DENSO Corporation (Japan)
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