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Autonomous Emergency Braking System (AEB) Market Share & Market Analysis - Growth Trends & Forecasts for period from (2024 - 2031)

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Autonomous Emergency Braking System (AEB) Introduction

The Global Market Overview of "Autonomous Emergency Braking System (AEB) Market" offers a unique insight into key market trends shaping the industry world-wide and in the largest markets. Written by some of our most experienced analysts, the Global Industrial Reports are designed to provide key industry performance trends, demand drivers, trade, leading companies and future trends. The Autonomous Emergency Braking System (AEB) market is expected to grow annually by 7.5% (CAGR 2024 - 2031).

Autonomous Emergency Braking System (AEB) is a safety feature in vehicles that uses sensors to detect potential collisions and automatically applies the brakes to prevent or mitigate a crash. The purpose of AEB is to enhance driver safety by reducing the likelihood of accidents caused by human error, such as distracted driving or delayed reactions.

The advantages of AEB include reducing the severity of collisions, lowering the number of accidents, and saving lives. It also helps in preventing rear-end collisions, especially in heavy traffic or sudden stop situations.

The AEB market is expected to witness significant growth due to increasing demand for advanced safety features in vehicles, rising awareness about road safety measures, and government initiatives to mandate the installation of AEB in new vehicles. The market is projected to expand as more automakers integrate AEB into their vehicles to meet safety standards and consumer expectations.

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Market Trends in the Autonomous Emergency Braking System (AEB) Market

- Integration of artificial intelligence and machine learning: AEB systems are becoming more advanced with the integration of AI and ML technologies to improve accuracy and response time in detecting and preventing collisions.

- Enhanced sensor technologies: Advances in sensor technologies such as radar, lidar, and cameras are enabling AEB systems to detect potential collisions more effectively in various driving conditions.

- Adoption of connected vehicle technologies: AEB systems are increasingly being integrated with connected vehicle technologies to enable communication among vehicles and infrastructure for better coordination and collision prevention.

- Shift towards autonomous driving: The growing adoption of autonomous driving technology is driving the demand for AEB systems as a crucial safety feature in self-driving vehicles.

- Rising consumer awareness and government regulations: Increasing awareness about road safety and stringent government regulations mandating the use of AEB systems in vehicles are driving market growth.

Market Segmentation

The Autonomous Emergency Braking System (AEB) Market Analysis by types is segmented into:

  • Forward Emergency Braking
  • Reverse Emergency Braking
  • Multi-Directional Emergency Braking

Autonomous Emergency Braking System (AEB) consists of three main types: Forward Emergency Braking, Reverse Emergency Braking, and Multi-Directional Emergency Braking. Forward Emergency Braking helps prevent collisions with vehicles ahead, while Reverse Emergency Braking activates when detecting objects behind the vehicle. Multi-Directional Emergency Braking encompasses both forward and reverse scenarios, making it more versatile. These types of AEB systems enhance safety and reduce accidents, leading to increased demand in the AEB market as consumers prioritize the importance of collision avoidance technology in their vehicles.

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The Autonomous Emergency Braking System (AEB) Market Industry Research by Application is segmented into:

  • Passenger Cars
  • Commercial Vehicles

Autonomous Emergency Braking System (AEB) is a safety feature that automatically applies the brakes in the event of an imminent collision, reducing the risk of accidents and injuries. In passenger cars, AEB helps prevent rear-end collisions, while in commercial vehicles, it can minimize the impact of accidents involving large trucks. The fastest growing application segment in terms of revenue is passenger cars, as more car manufacturers are incorporating AEB as a standard feature to enhance safety and meet regulatory requirements. AEB is used by using sensors to detect obstacles and applying the brakes automatically if a collision is imminent.

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Geographical Spread and Market Dynamics of the Autonomous Emergency Braking System (AEB) Market

North America:

  • United States
  • Canada

Europe:

  • Germany
  • France
  • U.K.
  • Italy
  • Russia

Asia-Pacific:

  • China
  • Japan
  • South Korea
  • India
  • Australia
  • China Taiwan
  • Indonesia
  • Thailand
  • Malaysia

Latin America:

  • Mexico
  • Brazil
  • Argentina Korea
  • Colombia

Middle East & Africa:

  • Turkey
  • Saudi
  • Arabia
  • UAE
  • Korea

The Autonomous Emergency Braking System (AEB) market in North America is driven by stringent safety regulations and increasing awareness among consumers about the benefits of advanced safety features. In Europe, countries like Germany, France, the ., Italy, and Russia are witnessing significant growth in the AEB market due to the presence of major automotive manufacturers and technological advancements. In the Asia-Pacific region, countries like China, Japan, South Korea, and India are experiencing rapid growth in the AEB market, driven by the increasing demand for passenger vehicles equipped with advanced safety technologies. Latin America, the Middle East, and Africa are also emerging as lucrative markets for AEB systems. Key players such as Valeo, Bosch, Denso, ZF, Texas Instruments, Autoliv, Delphi, Wabco, Hyundai, Aisin Seiki are focusing on expanding their product portfolio and strengthening their presence in these regions to capitalize on the growing market opportunities.

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Autonomous Emergency Braking System (AEB) Market Growth Prospects and Market Forecast

The Autonomous Emergency Braking System (AEB) Market is expected to witness a CAGR of around 20% during the forecasted period, driven by innovative technologies such as artificial intelligence and machine learning. These technologies are enabling AEB systems to accurately detect potential collisions and automatically apply brakes, thereby reducing accidents and saving lives.

To increase growth prospects, companies are deploying AEB systems not only in passenger cars but also in commercial vehicles and heavy-duty trucks to enhance safety on roads. Additionally, the integration of AEB systems with other advanced driver assistance systems (ADAS) such as lane departure warning and adaptive cruise control is further bolstering market growth.

Furthermore, the increasing focus on building intelligent transportation systems and smart cities is expected to drive the demand for AEB systems. With governments around the world mandating the installation of AEB systems in vehicles, the market is poised for significant growth in the coming years.

Overall, innovative deployment strategies, technological advancements, and regulatory initiatives are expected to fuel the growth of the AEB market, making it a key player in the automotive safety landscape.

Autonomous Emergency Braking System (AEB) Market: Competitive Intelligence

  • Valeo
  • Bosch
  • Denso
  • ZF
  • Texas Instruments
  • Autoliv
  • Delphi
  • Wabco
  • Hyundai
  • Aisin Seiki

1. Valeo: Valeo is known for its advanced driving assistance systems and has been a key player in the Autonomous Emergency Braking System market. Valeo's revenue in 2019 was $ billion.

2. Bosch: Bosch is a leading supplier of automotive technology and services, including AEB systems. The company's revenue in 2019 was $77.6 billion.

3. ZF: ZF is a global leader in driveline and chassis technology as well as active and passive safety technology. The company's revenue in 2019 was $36.3 billion.

4. Hyundai: Hyundai has been investing heavily in developing advanced driver assistance systems, including AEB technology. The company's revenue in 2019 was $87.1 billion.

5. Autoliv: Autoliv is a key player in the AEB market, offering innovative safety solutions for the automotive industry. The company's revenue in 2019 was $8.5 billion.

6. Denso: Denso is a leading supplier of automotive technology, including AEB systems. The company's revenue in 2019 was $44.36 billion.

Among the listed companies, Bosch, Hyundai, and ZF are leading players in the Autonomous Emergency Braking System market. Bosch has a strong track record of innovation and technological advancements in the automotive industry, while Hyundai has been focusing on enhancing driver safety through advanced safety systems. ZF is known for its high-quality driveline and chassis technology, making it a trusted provider of AEB systems.

Overall, the AEB market is expected to grow significantly in the coming years, driven by increasing demand for advanced safety features in vehicles. Companies like Bosch, Hyundai, and ZF are well-positioned to capitalize on this growth and continue to drive innovation in the AEB market.

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