Global Autonomous Emergency Braking Market Overview 2024: Size, Growth Rate, and Segments
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The autonomous emergency braking global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Autonomous Emergency Braking Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The autonomous emergency braking market size has grown rapidly in recent years. It will grow from $44.42 billion in 2023 to $52.18 billion in 2024 at a compound annual growth rate (CAGR) of 17.5%. The growth in the historic period can be attributed to environmental awareness, hybrid and electric vehicle adoption, government regulations on fuel efficiency, automotive industry competitiveness, rising awareness of road accidents.
The autonomous emergency braking market size is expected to see rapid growth in the next few years. It will grow to $96.63 billion in 2028 at a compound annual growth rate (CAGR) of 16.7%. The growth in the forecast period can be attributed to increased electric vehicle market, stricter emission standards, advancements in energy recovery systems, autonomous vehicle integration, consumer demand for sustainable technologies. Major trends in the forecast period include integration with advanced driver assistance systems (adas), development of pedestrian detection systems, use of artificial intelligence in emergency braking algorithms, expansion of aeb to commercial vehicles, standardization of aeb across automotive segments.
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Scope Of Autonomous Emergency Braking Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Autonomous Emergency Braking Market Overview
Market Drivers –
The rising number of accidents is expected to propel the growth of the autonomous emergency braking market going forward. Accidents refer to any injury due to crashes involving a vehicle partially or fully on a public road. Autonomous emergency braking assists in recognizing when a potential collision is likely to happen and reacts by automatically applying the brakes to slow a vehicle down before impact or bring it to a stop to avoid a collision. For Instance, in January 2022, according to the Times of India, an Indian daily newspaper, road crashes rise by 10% in 2021, and over 400 died in accidents. The number of road accidents was 796 in 2020 which had increased to 874 in 2021. The number of fatal road accidents in 2020 was 347 which increased to 389 in 2021. Also, in 2020 375 people died in fatal road accidents which was increased to 409 in 2021. Therefore, the rising number of accidents is driving the growth of the autonomous emergency braking market.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The autonomous emergency braking market covered in this report is segmented –
1) By Vehicle Type: Passenger Cars, Commercial Vehicles
2) By Brake Type: Disc, Drum
3) By Technology: Crash Imminent Braking, Dynamic Braking Support
4) By System: Low Speed AEB System, Higher Speed AEB System, Pedestrian AEB System
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Regional Insights –
Asia-Pacific was the largest region in the autonomous emergency braking market in 2023. The regions covered in the autonomous emergency braking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the autonomous emergency braking market report are Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, Mobileye NV, Autoliv Inc., Hyundai Mobis Co Ltd., Aisin Corporation, Hitachi Automotive Systems Pvt Ltd., Mando Corporation, Tesla Inc., Magna International Inc., DENSO Corporation, Valeo SA, General Motors Company, Delphi Technologies plc, Aptiv plc, WABCO Holdings Inc., Panasonic Corporation, Hella KGaA Hueck & Co., TRW Automotive Holdings Corp., Ficosa International SA, Knorr-Bremse AG, Bosch Rexroth AG, Zhejiang VIE Science & Technology Co Ltd., Autotalks Ltd., Cohda Wireless Pty Ltd., NXP Semiconductors NV, Texas Instruments Incorporated, STMicroelectronics NV, Infineon Technologies AG
1. Executive Summary
2. Autonomous Emergency Braking Market Report Structure
3. Autonomous Emergency Braking Market Trends And Strategies
4. Autonomous Emergency Braking Market – Macro Economic Scenario
5. Autonomous Emergency Braking Market Size And Growth
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27. Autonomous Emergency Braking Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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