Global Automatic Emergency Braking (AEB) Market by Product (Low-Speed AEBS and High-Speed AEBS), By Technology (Crash Imminent Braking, Dynamic Brake Support, and Forward Collision Warning), By Vehicle Type (Passenger Vehicle and Commercial Vehicle), By Brake, By Type, By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Report Overview

The global Automatic Emergency Braking (AEB) Market accounted for US$ 51.5 Billion in 2022 and expected to grow US$ 141.2 billion in 2032. Between 2023 and 2032, this market is estimated to register a CAGR of 10.9%.

The automatic emergency braking market refers to the systems that automatically apply the brakes to avoid or lessen accidents when prospective collisions are detected by sensors. This technology is gaining popularity in the automotive sector in recent years. After COVID-19, the demand for AEB systems in vehicles that are being used for essential services like healthcare, emergency services, and law enforcement is increased.

Driving Factors

Safety Regulations, Increasing Road Accidents, and Technological Advancements Drive the Market Growth of the Automatic Emergency Braking Market

To increase traffic safety, governments all around the world are requiring that AEB devices must be installed in automobiles. For example, the National Highway Traffic Safety Administration (NHTSA) in the US has made clear that it intends to make AEB a requirement for all new cars by 2022. Another reason fueling the expansion of the AEB industry is the rise in traffic accidents. By automatically applying the brakes if the driver doesn’t react in time, AEB systems can assist to prevent or lessen the severity of accidents. AEB systems are becoming more precise and efficient thanks to technological developments including better sensors and cameras. More consumers are willing to invest in such systems as a result, which is fueling the market’s expansion. Customers are requesting more safety measures in their vehicles as knowledge of road safety rises. One such element that can aid in accident prevention and increase traffic safety is AEB systems. To remain competitive in the market, automakers are installing AEB systems as a standard or optional feature in their vehicles. The market for AEB is expanding because the sales of new vehicles is increased.

Restraining Factors

High Costs, Integration Challenges, and Limited Availability are Some Restraints for Automatic Emergency Braking Market

AEB systems are relatively expensive, which may deter some customers from purchasing them. This is particularly true for low-income sections, who might not be able to pay the additional expense. It can be difficult to integrate AEB systems with other car safety features. This could cause compatibility problems and extra expenses for manufacturers, which could affect the adoption of AEB systems. Not all vehicle models, particularly entry-level vehicles, have AEB systems yet. Because that consumer might not have the option to buy automobiles with AEB, this could restrict the market growth. AEB systems can occasionally sound a false warning, for example, the car is crossing a guardrail or a stationary object. Driver’s irritation and system mistrust may result from this. AEB systems depend on the driver being aware of the system’s potential and limits. The system’s benefits in terms of safety may be diminished if drivers are not adequately taught how to use it.

Opportunity

Emerging Markets, Advancements in Automatic Driving, Partnership and Collaborations Creates Opportunities in Automatic Emergency Braking Market

Emerging markets like India, China, and Brazil offer the AEB market tremendous room for expansion. The demand for Automatic safety features like AEB systems is rising as these markets become wealthier and safety-conscious. An essential part of Automatic driving technologies is AEB systems. The demand for AEB systems is projected to grow much more as Automatic vehicle development advances. Collaborations among automakers, suppliers, and IT firms may result in the creation of more sophisticated AEB systems. This may open up new company prospects and stimulate market expansion. Raising consumer interest in AEB systems by educating people about their advantages. Ad campaigns, joint ventures with safety organizations, and government measures can all help achieve this. Installations of aftermarket AEB systems are experiencing growth. Consumers may decide to equip their vehicles with AEB systems as consumer awareness of their advantages grows, opening up the new market potential for aftermarket suppliers.

Trending Factors

Integration with Advanced Driver Assistance Systems, Improvement in Sensor Technologies, and Standardization of AEB Systems are Some Recent Trends in Automatic Emergency Braking Market

To provide more sophisticated safety features, AEB systems are rapidly being linked with other ADAS technologies like lane departure warnings and adaptive cruise control. To identify probable collisions, AEB systems utilize sensor technology like radar and video systems. The creation of more sophisticated sensors that can detect objects at farther distances and under more varied environmental circumstances is on the rise. There is a trend towards the standardization of these systems across many automakers and models as governments mandate the installation of AEB systems in automobiles. This may result in these systems operating more consistently and efficiently. Artificial intelligence and machine learning are being utilized to increase the precision and efficiency of AEB systems. With the use of these technologies, AEB systems may be able to gain knowledge from actual situations and enhance their response to probable crashes. The market for AEB is anticipated to be significantly impacted by electric and driverless vehicles. Demand for Automatic safety features like AEB systems is rising as these vehicles are used more frequently.

COVID-19 Impact Analysis

COVID-19 impacted in both ways positively and negatively on automatic emergency braking market. AEB systems have been acknowledged as a crucial safety component, while the pandemic has also raised awareness of automotive safety features. AEB systems are therefore increasingly in demand for vehicles that are utilized for critical services including healthcare, law enforcement, and emergency services. As long as the epidemic exists, this pattern is anticipated to continue. Incentives and stimulus plans have been created by several governments to promote the purchase of electric and hybrid vehicles, which are frequently fitted with Automatic safety features like AEB systems. In the upcoming years, this is anticipated to fuel the market for AEB systems.

Lockdowns, supply chain disruptions, and decreased consumer demand all contributed to a decline in worldwide vehicle sales as a result of the pandemic. The demand for AEB systems has also been impacted as a result. The pandemic has caused delays in the production and delivery of AEB components by upsetting the world supply chain. To ensure the continuity of production, several manufacturers have been able to adapt by putting in place safety measures including remote working, social isolation, and improved sanitation.

Product Analysis

The Low-speed AEBS Product Segment is The Most Lucrative Segment in The Service Type of the Automatic Emergency Braking Market

Based on the product, the market for automatic emergency braking is segmented into low-speed AEBS and high-speed AEBS. Among these products, the low-speed segment is the most lucrative in the global automatic emergency braking market, with a projected CAGR of 16.1% in 2022. Low-speed AEBS is a kind of modern safety technology that is made to recognize probable collisions at low speeds, usually below 30 km/h (18.6 mph), and automatically apply the brakes to avoid or lessen the collision. Because of their ability to greatly lower the danger of low-speed incidents such as rear-end collisions in urban traffic, low-speed AEBS are gaining popularity in the automotive industry.

The High-speed AEBS Product Segment is Expected to Grow Faster in the Projected Period

High-speed AEBS products accounted for the fastest growing product segment in the automatic emergency braking market with the highest CAGR of 21.1% in 2022. High-speed AEBS is a kind of modern safety technology that is intended to recognize probable crashes at greater speeds, often above 30 km/h (18.6 mph), and immediately apply the brakes to avoid or decrease collision chances. The severity of accidents that happen at greater speeds, including frontal collisions on highways, can be significantly reduced with high-speed AEBS.

Technology Analysis

The Dynamic Brake Support Segment Accounted for the Largest Revenue Share

Based on technology, the market is segmented into crash imminent braking, dynamic brake support, and forward collision warning. Among these, the dynamic brake support segment dominates the automatic emergency braking market with a CAGR of 9.34% in 2022. By rising brake pressure in reaction to unexpected braking events, this safety feature known as Dynamic Brake Support (DBS) is intended to help drivers in emergency braking circumstances. The overall automatic emergency braking system, which is intended to automatically deploy the brakes in the case of a probable collision, includes DBS as one of its components. Since DBS systems give an extra level of safety while braking suddenly, their use is anticipated to grow in both passenger and commercial vehicles.

The Crash-Imminent Braking Segment is Expected to be the Fastest Growing Technology Segment

The crash-imminent braking segment is expected to be the fastest growing technology segment in the automatic emergency braking market. When an accident is about to happen, the crash imminent braking (CIB) system, uses sensors and cameras to spot probable crashes. The crash imminent braking system is intended to activate the brakes more forcefully than ordinary AEBS, to avoid a probable accident.

Vehicle Type Analysis

The Passenger Vehicle Segment Accounted for the Largest Revenue Share

Based on vehicle type, the market is segmented into passenger vehicles and commercial vehicles. Among these, the passenger vehicle segment dominates the automatic emergency braking market. This is because most of the latest passenger vehicles are equipped with advanced driver assistance systems (ADAS) that include AEBS as a standard or optional feature. SUVs, Cars, minivans, and other types of vehicles used for personal transportation are available in the passenger vehicle segment. In recent years, passenger vehicles are turning towards more environment-friendly, and fuel-efficient vehicles. As well as in the passenger vehicle, there is rising demand for modern technologies. Nowadays hybrid vehicles and electric vehicles are more popular so, the demand for AEBS in passenger vehicles will increase in the coming years.

The Commercial Vehicle Segment is Expected to be the Fastest Growing Vehicle Type

The commercial vehicle segment is expected to be the fastest growing segment in the automatic emergency braking market. The commercial vehicle segment is adopting ADAS technology more slowly due to various factors, including cost considerations, different use cases, and regulatory requirements. However, with the increasing focus on road safety and the development of new ADAS technologies, the commercial vehicle segment is expected to catch up in the coming years.

Brake Analysis

The Disc Brake Segment is the Most Lucrative in the Automatic Emergency Braking Market

Based on the brake, the market is segmented into disc and drum. Among these, the disc segment dominates the automatic emergency braking market. Disc brakes are used in a variety of vehicles, such as cars, trucks, motorcycles, and bicycles. To slow down or stop the wheel, disc brakes use a metal rotor that is attached to the wheel hub and calipers that clamp onto the rotor. Automatic emergency braking systems use sensors and algorithms to detect approaching collisions and automatically apply the brakes to prevent or lessen the impact. The use of disk brakes in the automobile industry is increased as automakers are installing these disk brakes in their products.

The Drum Brake Segment is Expected to be the Fastest Growing Brake Segment

The drum brake segment is expected to be the fastest growing brake segment in the automatic emergency braking market. Drum brakes are a form of braking system used in cars, trucks, and motorcycles, among other kinds of vehicles. For heavy-duty vehicles like trucks and buses, drum brakes are used where they can deliver dependable and consistent braking performance over extended periods of operation. Drum brakes slow down or stop the wheel by applying pressure to brake shoes or pads that are mounted inside a rotating drum. Although drum brakes are a dependable and economical braking system, they could not function as well as disc brakes in emergency braking circumstances.

Type Analysis

The Low-Speed AEB System Segment Accounted for the Largest Revenue Share

Based on type, the market is segmented into low-speed AEB systems, high-speed AEB systems, and pedestrian AEB systems. Among these, the low-speed AEB System segment dominates the automatic emergency braking market. Low-Speed AEB Systems, which are typically up to 50 km/h in speed, are intended to avoid collisions at slower speeds (31 mph). These systems are especially helpful when driving in cities and parking since they employ sensors to find obstructions and deploy the brakes if necessary. Low-Speed AEB Systems are becoming a standard feature or an option for many new cars from automakers.

The Pedestrians AEB System Segment is Expected to be the Fastest Growing Type Segment

The pedestrians AEB system segment is expected to be the fastest growing type segment in the automatic emergency braking market. Pedestrian AEB systems are made to recognize and prevent collisions with vulnerable road users including bicycles and pedestrians. To identify impediments and apply the brakes as necessary, these systems use sensors and cameras, which help to minimize accidents and lessen the severity of injuries. Moreover, pedestrian AEB systems are increasingly prevalent in new cars, especially in areas with stronger safety regulations.

Key Market Segments:

Based on Product

• Low-speed AEBS
• High-speed AEBS

Based on Technology

• Crash Imminent Braking
• Dynamic Brake Support
• Forward Collision Warning

Based on Vehicle Type

• Passenger Vehicle
• Commercial Vehicle

Based on Brake

• Disc
• Drum

Based on Type

• Low-Speed AEB System
• High-speed AEB System
• Pedestrians AEB Systems

Regional Analysis

APAC Accounted for the Largest Revenue Share in Automatic Emergency Braking Market in 2022

APAC is estimated to be the most lucrative market in the global automatic emergency braking market, with the largest market share of 42.27% in 2022. Because of the growing popularity of safety measures in cars with the expansion of the automotive industry in nations like China, India, and Japan. Due to the rising use of automatic safety measures in vehicles, the region is predicted to continue to expand quickly.

North America is Expected as Fastest Growing Region in Projected Period in Automatic Emergency Braking Market

North America is expected as the fastest growing region in the automatic emergency braking market with a CAGR of 6.16%. Due to the rising need for safety features in vehicles, North America has continued to rise at a steady rate. Due to rising awareness of safety features and laws requiring AEB systems in vehicles, the United States is the largest market in the region.

Key Regions and Countries Covered in this Report:

• North America
  • The US
  • Canada
  • Mexico
• Western Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Portugal
  • Ireland
  • Austria
  • Switzerland
  • Benelux
  • Nordic
  • Rest of Western Europe
• Eastern Europe
  • Russia
  • Poland
  • The Czech Republic
  • Greece
  • Rest of Eastern Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Australia & New Zealand
  • Indonesia
  • Malaysia
  • Philippines
  • Singapore
  • Thailand
  • Vietnam
  • Rest of APAC
• Latin America
  • Brazil
  • Colombia
  • Chile
  • Argentina
  • Costa Rica
  • Rest of Latin America
• Middle East & Africa
  • Algeria
  • Egypt
  • Israel
  • Kuwait
  • Nigeria
  • Saudi Arabia
  • South Africa
  • Turkey
  • United Arab Emirates
  • Rest of MEA

Market Share & Key Players Analysis:

AEB systems must be included in new vehicles because of government laws, rising customer demand for safety features, and improvements in AEB technology. The AEB market is anticipated to experience considerable growth in the upcoming years. Players will invest in R&D and strategic alliances to increase their market share, which will increase competition in the industry.

Recent Developments:

• In 2021, In addition to other cars, Bosch introduced a new version of its AEB system that employs radar and video sensors to detect pedestrians and cyclists.
• In 2021, A new AEB system that can spot things at high speeds and bring the car to a complete stop was created by ZF Friedrichshafen AG.
• In 2020, A new AEB system was introduced by Autoliv that uses machine learning algorithms to enhance the system’s performance and accuracy.

Listed below are some of the most prominent Automatic Emergency Braking industry players.

Market Key Players:

• Robert Bosch GmbH
• Continental Ag
• Delphi Automotive LLP
• ZF Friedrichshafen AG
• Mobileye
• Autoliv Inc.
• Hyundai Mobis
• Aisin Seiki Co. Ltd.
• Hitachi Automotive Systems Ltd.
• HL Mando Corporation
• Other Key Players

Report Scope: