Automatic Emergency Braking Global Market Report 2024

The automatic emergency braking market size has grown rapidly in recent years. It will grow from $34.23 billion in 2023 to $38.64 billion in 2024 at a compound annual growth rate (CAGR) of 12.9%. The expansion observed in the historical period can be attributed to several key factors, including the increasing traffic congestion on roads, integration with vehicle-to-vehicle communication systems to enhance safety measures, ongoing urbanization trends leading to higher vehicle densities in cities, the shift towards vehicle electrification to reduce emissions and enhance efficiency, and growing environmental concerns prompting the adoption of advanced safety technologies.

The automatic emergency braking market size is expected to see rapid growth in the next few years. It will grow to $63.27 billion in 2028 at a compound annual growth rate (CAGR) of 13.1%. The projected growth in the forecast period can be attributed to several significant factors, including the increasing adoption of fleet management applications to optimize vehicle operations, the continued growth of electric vehicles (EVs) in the automotive market, partnerships between original equipment manufacturers (OEMs) to enhance safety features, and a heightened focus on fuel efficiency to reduce environmental impact.

The automatic emergency braking market is poised for growth as road accidents continue to rise, driven by factors such as increased distracted driving and inadequate infrastructure. Automatic emergency braking systems utilize sensors such as radar, cameras, or LiDAR to monitor the road ahead and automatically apply brakes to prevent collisions or reduce their severity. For example, in the first quarter of 2022, the National Highway Traffic Safety Administration reported 9,560 traffic accident fatalities, marking a 7% increase from the previous year. This trend underscores the critical need for advanced safety solutions such as automatic emergency braking systems.

Major players in the automatic emergency braking market are focusing on developing innovative solutions such as advanced autonomous emergency braking systems. These systems, such as ZF Friedrichshafen AG's OnGuardMAX launched in April 2021, enhance vehicle safety by detecting and responding to potential collision risks. OnGuardMAX is specifically designed for commercial vehicles and can detect, classify, and respond to various objects, including vehicles, motorcycles, bicycles, and pedestrians. This feature is crucial for preventing accidents, especially those involving pedestrians, and enhancing overall road safety.

In June 2023, Magna International Inc. executed a strategic move by acquiring Veoneer's Active Safety business, aiming to strengthen its position as a leading supplier of active safety systems. Veoneer, a Sweden-based automotive technology company specializing in automatic emergency braking, adds value to Magna's active safety portfolio. The acquisition is expected to enhance Magna's global presence, providing an expanded customer base and geographical footprint in key automotive regions worldwide.

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.

Asia-Pacific was the largest region in the automatic emergency braking market in 2023. 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.

The countries covered in the automatic emergency braking market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Automatic emergency braking (AEB) is an advanced safety technology integrated into vehicles to prevent or alleviate collisions by automatically engaging the brakes when the system detects an imminent crash. AEB aims to enhance driver safety and decrease the likelihood of accidents, particularly in scenarios where human reaction time might not be fast enough to prevent a collision.

The primary types of automatic emergency braking include forward collision warning, dynamic brake support, and crash imminent braking. Forward collision warning systems alert drivers when their vehicle is on the brink of colliding with another vehicle or object ahead, providing them with crucial reaction time. Various brake types, such as disc and drum brakes, are employed in these systems, which are utilized across various applications ranging from passenger vehicles to commercial vehicles.

The automatic emergency braking market research report is one of a series of new reports that provides automatic emergency braking market statistics, including automatic emergency braking industry global market size, regional shares, competitors with a automatic emergency braking market share, detailed automatic emergency braking market segments, market trends and opportunities, and any further data you may need to thrive in the automatic emergency braking industry. This automatic emergency braking market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The automatic emergency braking market consists of revenues earned by entities providing services such as cyclist detection, pedestrian detection, installation and integration, and emergency response integration. The market value includes the value of related goods sold by the service provider or included within the service offering. The automatic emergency braking market also includes sales of radar, cameras, collision mitigation braking systems (CMBS), and light detection, and ranging (Lidar) sensors. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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