Market Overview
Global autonomous emergency braking system market size and share is currently valued at USD 35.19 billion in 2023 and is anticipated to generate an estimated revenue of USD 226.65 billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 23.20% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 – 2032.
Autonomous Emergency Braking systems have emerged as critical components of advanced driver-assistance systems (ADAS). These systems utilize a combination of sensors, cameras, and radar to detect obstacles, vehicles, or pedestrians, automatically activating braking when a potential collision is identified. The increasing adoption of ADAS in vehicles, coupled with government mandates for enhanced safety features, is accelerating the integration of AEB systems. Automakers are also recognizing AEB as a differentiating factor, which is influencing purchase decisions among safety-conscious consumers.
Growth Drivers
Several factors are fueling growth in the AEB system market. Primarily, stringent government regulations in developed and emerging economies mandate the inclusion of advanced safety features, including AEB, in new vehicles. For instance, regulatory authorities in regions such as Europe and North America have established safety norms that encourage automakers to equip vehicles with collision avoidance technologies.
Technological advancements in sensor accuracy, artificial intelligence, and vehicle-to-everything (V2X) communication are also driving market expansion. Improved radar and LiDAR technologies enhance the precision of collision detection, thereby boosting consumer confidence in the reliability of these systems. Additionally, the rising number of road accidents and fatalities is prompting both consumers and manufacturers to prioritize vehicle safety, making AEB systems an essential requirement in modern vehicles.
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- Aptiv
- Aisin Seiki Co., Ltd.
- Autoliv Inc.
- Continental AG
- Delphi Automotive LLP
- Denso Corporation
- Hitachi Automotive Systems
- Hyundai Mobis
- Knorr-Bremse AG
- Magna International Inc.
- Panasonic Corporation
- Robert Bosch LLC
- Valeo
- WABCO Holdings Inc.
- ZF Friedrichshafen AG
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Market Challenges
Despite significant growth prospects, the market faces certain challenges. High manufacturing and integration costs of AEB systems can deter adoption, particularly in cost-sensitive markets. The complexity of software and sensor integration may also lead to technical challenges during mass production, affecting overall system reliability. Furthermore, public awareness about the capabilities and limitations of AEB remains limited in some regions, which can impact acceptance and market penetration.
Opportunities
The AEB system market offers substantial opportunities for innovation and expansion. Integration with other ADAS components, such as adaptive cruise control, lane departure warning, and automated parking systems, can create comprehensive safety packages for vehicles. Growing interest in electric vehicles (EVs) also presents an opportunity, as automakers increasingly adopt AEB to enhance the safety features of EV models. Additionally, collaboration between automotive manufacturers and technology providers can accelerate research and development efforts, driving smarter, more cost-effective AEB solutions. Emerging markets in Asia-Pacific and Latin America, where vehicle safety adoption is gradually increasing, also present significant growth potential.
Market Segmentation
The market can be segmented based on vehicle type, technology type, and component.
- By Vehicle Type: Passenger vehicles, commercial vehicles, and electric vehicles. Passenger cars dominate the market due to rising consumer safety awareness, whereas commercial vehicles are increasingly adopting AEB to minimize accidents and operational costs.
- By Technology Type: Radar-based, camera-based, and LiDAR-based systems. Radar-based systems are widely used due to their ability to perform under diverse weather and lighting conditions, while camera and LiDAR systems are gaining traction for advanced obstacle detection.
- By Component: Sensors, software, control units, and braking actuators. Sensors remain a key component driving system performance, supported by sophisticated software and control algorithms to ensure timely collision intervention.
Regional Analysis
Geographically, North America and Europe hold significant shares in the AEB system market due to early adoption of safety regulations and advanced automotive infrastructure. Government mandates, such as those from the European New Car Assessment Programme (Euro NCAP), have accelerated AEB adoption in these regions.
The Asia-Pacific region is expected to exhibit the fastest growth, driven by increasing vehicle production, rising road safety awareness, and expanding automotive manufacturing hubs in countries like China, India, and Japan. Latin America and the Middle East & Africa are gradually embracing AEB technologies, primarily through the introduction of international vehicle safety standards and growing consumer demand for safer vehicles.
Summary
The Autonomous Emergency Braking System market is at the forefront of revolutionizing vehicle safety, offering solutions that significantly reduce the risk of collisions and enhance driving confidence. Supported by technological innovation, regulatory mandates, and increasing consumer awareness, the market is positioned for robust growth globally. While challenges such as high costs and technical complexities exist, the opportunities for integration with ADAS, electric vehicles, and emerging regional markets provide a promising landscape for manufacturers and stakeholders. As vehicle safety continues to be a primary concern for both regulators and consumers, the adoption of AEB systems is set to expand, making them a pivotal component of the future automotive ecosystem.
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