The global Automatic Autonomous Emergency Braking (AEB) market had a size of USD 14.0 billion in 2022. It is expected to reach USD 83.82 billion by 2030, with a compound annual growth rate (CAGR) of 22% during the forecast period. The primary driver of market revenue growth is the increasing demand for innovative safety features in automobiles. Governments and automakers are placing greater emphasis on the development of advanced safety features to address the rising concern of traffic accidents and fatalities worldwide.
One of the key safety features gaining prominence is the Automatic Autonomous Emergency Braking (AEB) system. This sophisticated safety system is designed to detect potential collisions and automatically apply the brakes to either prevent or reduce the severity of impact. The market revenue growth is fueled by growing consumer awareness of the benefits offered by AEB technology, such as enhanced safety, reduced risk of accidents, and lower insurance costs.
The rising number of traffic accidents and fatalities globally has prompted both governments and automakers to focus on incorporating cutting-edge safety features like AEB. By integrating AEB technology into vehicles, the aim is to minimize the occurrence and severity of accidents, ultimately enhancing road safety.
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Demand for AEB systems is also being driven by the increasing use of hybrid and electric vehicles, which need sophisticated safety features to protect passengers and lower the likelihood of collisions. The demand for electric and hybrid vehicles is anticipated to continue to rise, supporting the expansion of the AEB market. This is due to rising emphasis on decreasing carbon emissions and promoting sustainable mobility.
Use of AEB systems in vehicles is also being driven by the strict safety standards being enforced by governments and regulatory agencies around the world. For instance, starting in 2022, all new automobiles sold in the European Union (EU) must be equipped with AEB systems. Similar to this, the American National Highway Traffic Safety Administration (NHTSA) has put up a proposal that would mandate the installation of AEB systems in all new automobiles by 2022.
Competitive Landscape:
- Bosch Automotive Service Solutions Inc.
- Continental AG
- Denso Corporation
- Hyundai Mobis Co. Ltd.
- Autoliv Inc.
- Magna International Inc.
- ZF Friedrichshafen AG
- Valeo SA
- Aptiv PLC
- Hitachi Automotive Systems Ltd.
The global market is further segmented into type and application:
By Type Outlook
- Forward Collision Warning
- Dynamic Brake Support
- Crash Imminent Braking
By Vehicle Type Outlook
- Passenger Cars
- Commercial Vehicles
Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
- Latin America (Brazil, Rest of LATAM)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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