Market Size of Automotive Autonomous Emergency Braking System Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 30.87 Billion |
| Market Size (2029) | USD 73.66 Billion |
| CAGR (2024 - 2029) | 19.00 % |
| Fastest Growing Market | Europe |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Automotive Autonomous Emergency Braking System Market Analysis
The Automotive Autonomous Emergency Braking System Market size is estimated at USD 30.87 billion in 2024, and is expected to reach USD 73.66 billion by 2029, growing at a CAGR of 19% during the forecast period (2024-2029).
Over the medium term, increasing awareness about safety among consumers and authorities has led to significant developments in the automotive automated emergency brake system, resulting in improved security and reduced accidents on the road. With further technological advancements, the market is expected to see even safer and more reliable brake systems.
Factors such as individual vehicle manufacturers incorporating advanced braking systems in their vehicles to improve braking efficiency and industry players offering a wide range of products are further expected to drive market growth during the forecast period.
Annually, around 1.25 million people are killed in road accidents, with the highest numbers being registered in developing countries. Many governments worldwide have started imposing stringent regulations to curb the rising number of road accidents.
Major OEMs have started increasingly investing in R&D efforts to develop advanced technologies. Increasing concerns regarding vehicle safety, the growing adoption of advanced braking systems, the emergence of advanced AI-powered systems, and an increase in government vehicle safety norms, combined with a rise in vehicle production worldwide, are expected to propel the automotive autonomous emergency braking system market during the forecast period.
Many original equipment manufacturers are equipping AEB systems in most of their medium and luxury car ranges. This is resulting in the increasing production of autonomous vehicles. During the forecast period, the production of such vehicles is expected to record a CAGR of over 21%.
Automotive Autonomous Emergency Braking System Industry Segmentation
Autonomous emergency braking is an active safety system that is designed to apply brakes automatically by sensing obstacles on the vehicle's path. The system helps avoid accidents and vehicle skids due to sudden braking.
The automotive autonomous emergency braking system market is segmented by vehicle type, technology, and geography. By technology, the market is segmented into LiDar, radar, and camera. By vehicle type, the market is segmented into passenger cars and commercial vehicles. By geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. For each segment, the market sizing and forecast have been done based on the value (USD).
| By Vehicle Type | |
| Passenger Cars | |
| Commercial Vehicles |
| By Technology | |
| LiDar | |
| Radar | |
| Camera |
| By Geography | |||||||
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Automotive Autonomous Emergency Braking System Market Size Summary
The automotive autonomous emergency braking system market is poised for significant expansion, driven by increasing consumer and regulatory focus on vehicle safety. As awareness of road safety grows, both consumers and authorities are pushing for advancements in automated emergency braking systems, which are designed to enhance security and reduce accidents. The market is further bolstered by individual vehicle manufacturers integrating these advanced systems to improve braking efficiency and by industry players offering a diverse range of products. The rise in demand for advanced safety features, coupled with the growing adoption of AI-powered systems and stringent government safety norms, is expected to propel the market forward. Major original equipment manufacturers (OEMs) are investing heavily in research and development to innovate and incorporate these systems, contributing to the market's robust growth trajectory.
The market's expansion is also supported by the increasing production of autonomous vehicles, with many OEMs equipping their medium and luxury car ranges with autonomous emergency braking systems. This trend is expected to continue as the demand for vehicles with comprehensive safety features rises, particularly in the passenger car segment. The introduction of new vehicle models with these technologies by automakers like Tesla, Daimler, BMW, and Ford further underscores the market's growth potential. Additionally, regulatory initiatives, such as those proposed by the US Department of Transportation's National Highway Traffic Safety Administration, aim to mandate these systems, potentially reducing accidents and saving lives. Key players in the market, including Robert Bosch GmbH, Continental AG, and ZF Friedrichshafen AG, are leveraging strategic partnerships and technological innovations to maintain a competitive edge, ensuring the market's dynamic and evolving nature.
Automotive Autonomous Emergency Braking System Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Rise in Demand for Safety Features in Vehicles
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1.2 Market Restraints
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1.2.1 High Costs Associated with the System
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size in Value - USD)
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2.1 By Vehicle Type
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2.1.1 Passenger Cars
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2.1.2 Commercial Vehicles
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2.2 By Technology
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2.2.1 LiDar
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2.2.2 Radar
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2.2.3 Camera
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2.3 By Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Rest of North America
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 India
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2.3.3.2 China
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2.3.3.3 Japan
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2.3.3.4 South Korea
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 Rest of the World
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2.3.4.1 South America
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2.3.4.2 Middle East and Africa
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Automotive Autonomous Emergency Braking System Market Size FAQs
How big is the Automotive Autonomous Emergency Braking System Market?
The Automotive Autonomous Emergency Braking System Market size is expected to reach USD 30.87 billion in 2024 and grow at a CAGR of 19% to reach USD 73.66 billion by 2029.
What is the current Automotive Autonomous Emergency Braking System Market size?
In 2024, the Automotive Autonomous Emergency Braking System Market size is expected to reach USD 30.87 billion.
