What are the Historical Developments and Current Growth Metrics of the Automatic Emergency Braking Market?
The automatic emergency braking market has seen considerable growth due to a variety of factors.
• In the past few years, the automatic emergency braking market has seen a swift expansion. The market, which is anticipated to escalate from a worth of $38.64 billion in 2024 to a staggering $43.81 billion in 2025, is projected to grow at a compound annual growth rate (CAGR) of 13.4%.
The robust growth experienced during the historical period is linked to several factors including increasing traffic congestion, integration of vehicle-to-vehicle communication, urban development trends, rise of vehicle electrification, and growing environmental concerns.
What is the Forecasted Market Size and CAGR for the Automatic Emergency Braking Market?
The automatic emergency braking market is expected to maintain its strong growth trajectory in upcoming years.
• The market for automatic emergency braking is projected to experience significant expansion in the upcoming years, growing to a size of $71.56 billion in 2029 with a compound annual growth rate (CAGR) of 13.0%.
Factors contributing to this growth in the forecast period are applications in fleet management, an increase in electric vehicles (EVs), collaborations with original equipment manufacturers, and the focus on fuel conservation. Notable trends for the forecast period encompass the integration of AI and machine learning, customization and personalization, the expansion of autonomous emergency braking (AEB), emphasis on protecting vulnerable road users, and technological advancement in pedestrian and cyclist detection.
What Key Factors and Trends Are Driving The Growth Automatic Emergency Braking Market?
The increasing incidence of road mishaps is anticipated to boost the expansion of the automatic emergency braking market in the future. Road mishaps are classified as any incident involving at least one moving vehicle on a communal or private road accessible to the general public, resulting in injuries or fatalities. The growth in road mishaps can be attributed to factors such as rising distracted driving, escalated vehicle speeds, and insufficient infrastructure. Automatic emergency braking aids in reducing road accidents by automatically activating brakes to avoid or lessen the severity of collisions. Advanced technologies like radar, cameras, or LiDAR serve as sensors in the AEB systems to continually assess the potential risks of collision on the road. As per the National Highway Traffic Safety Administration, a governmental organization in the US, there were 9,560 deaths due to traffic accidents in the first quarter of 2022, marking a 7% rise from the 8,935 deaths in the same period in 2021. Thus, the growth in road mishaps is contributing to the expansion of the automatic emergency braking market.
What Are The Market Segments In The Automatic Emergency Braking Market?
The automatic emergency braking market covered in this report is segmented –
1) By Type: Forward Collision Warning, Dynamic Brake Support, Crash Imminent Braking
2) By Brake: Disc, Drum
3) By Application: Passenger Vehicles, Commercial Vehicles
Subsegments:
1) By Forward Collision Warning: Radar-Based Forward Collision Warning, Camera-Based Forward Collision Warning, LiDAR-Based Forward Collision Warning
2) By Dynamic Brake Support: Dynamic Brake Assist for Pedestrian Detection, Dynamic Brake Assist For Vehicle Collision, Adaptive Brake Support For Various Speeds
3) By Crash Imminent Braking: Full Braking For Imminent Collisions, Partial Braking For Collision Mitigation, Pedestrian Impact Prevention
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How Are New Trends Impacting The Size Of The Automatic Emergency Braking Market?
Key corporations in the automatic emergency braking marketplace have begun to shift their attention towards the creation of innovative solutions such as comprehensive technology, in a bid to augment their revenue streams. The application of such technology in the AEB system enhances an automobile's capacity to identify and evade potential collisions with other vehicles, cyclists and pedestrians who cross diagonally ahead. For example, in July 2024, Chinese auto manufacturer, Nio Inc, unveiled its most recent software upgrade – the Banyan 2.6.5 CN system. The focus of this update lies in deploying advanced AI technologies within critical safety components, particularly AEB and navigational systems. Additionally, the upgrade optimizes the Navigate on Pilot Plus (NOP+) feature in NIO, facilitating improved navigational capabilities in multiple driving scenarios. The overarching goal of this enhancement is to offer a driving experience that is more fluid and dependable.
Who Are the Key Players In The Automatic Emergency Braking Market?
Major companies operating in the automatic emergency braking market are:
• Volkswagen AG
• Toyota Motor Corporation
• Ford Motor Company
• Mercedes-Benz
• General Motors Company
• Bayerische Motoren Werke AG (BMW)
• Honda Motor Co. Ltd.
• Hyundai Motor Company
• Robert Bosch GmbH
• Hitachi Automotives Systems Ltd.
• Tesla Inc.
• Siemens AG
• ZF Friedrichshafen AG
• Denso Corporation
• AB Volvo
• Continental AG
• Magna International Inc.
• AISIN SEIKI Co. Ltd.
• Valeo SA
• Autoliv Inc.
• Mando Corporation
• Mobileye Global Inc.
• Delphi Technologies
What Are The Regional Insights Into The Automatic Emergency Braking Market?
Asia-Pacific was the largest region in the automatic emergency braking market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the automatic emergency braking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
