Global Autonomous Emergency Braking System Market Rise in sales of luxury vehicles is expected to augment the market at a healthy CAGR of ~ 19.23% during the forecast period of 2024 to 2032.
An autonomous emergency braking system (AEBS) is a new safety technology progressively being fitted to vehicles, which monitors the traffic conditions ahead and mechanically brakes the car if the driver fails to respond to an emergency. AEB is seen by experts as a significant development as is the seatbelt, but rather than defend the occupant in the event of a crash, it goals to prevent the crash from happening in the first place.
The application of autonomous emergency braking system industry is affianced in advanced driver assistance systems (ADAS). The increase in consumer expenses, the execution of government plans, and the entrance of semi-autonomous cars are the factors driving the market growth.
Regional Analysis
Asia-Pacific is anticipated to dominate the market over the forecast period. Major countries such as Japan, India, and China have made it compulsory to install AEB in all variants of vehicles. The accessibility of raw materials at a very low cost is fuelling the sale and production of AEB in this region
Europe is anticipated to hold the second-largest position in the market. Strict government regulations imposed in this region have forced the manufacturers to accept safety equipment in all variants of the vehicles. Primary adoption of progressive technology in this region is also another factor contributing to the growth of this region in the market.
North America is expected to show maximum growth in the market. The existence of major key players in this region and rising awareness of consumers regarding the safety of vehicles is projected to fuel growth in this region.
Market Segmentation of Canada Autonomous Emergency Braking System Market
The Global Autonomous Emergency Braking System Market has been segmented into brake type, technology type, and vehicle type.
Based on the brake type, The Global Autonomous Emergency Braking System Market has been segmented into disc and drum. The disc brake segment is likely to dominate the market over the estimated period amid the increasing adoption of AEB in commercial vehicles and passenger cars. Many governments have compulsory safety norms on automotive manufacturers to reduce the stopping time of vehicles.
Therefore, disc brakes are mostly used in most vehicles. Growing vehicular emissions is the prime reason for the installation of disc brakes, as these brakes are light in weight and decrease the overall weight of the vehicle. Hence, it decreases the emissions caused by vehicles. The drum brakes segment is anticipated to show steady growth in the market. Low maintenance and cost of vehicles are factors set to fuel the demand for drum brakes over the estimated period.
By Technology Type, The Global Autonomous Emergency Braking System Market has been segmented into Crash Imminent Braking and Dynamic Braking Support. The crash imminent braking segment holds the largest AEB market share in technology type. This is a very progressive type of autonomous braking. Crash imminent braking is also integrated with a forward-collision warning system which provides vigorous information to the ECU about any vehicle or difficulty nearing the car.
This, in turn, alerts the driver to smear brakes. If the driver fails to apply the brake within a definite time, the crash imminent braking system automatically applies the brakes and avoids collision of the vehicle. The increasing adoption of this system in passenger cars is serving to maintain its dominance. The dynamic braking system segment is anticipated to show steady growth during the forecast period.
Based on vehicle type, The Global Autonomous Emergency Braking System Market has been segmented into passenger cars and commercial vehicles. The passenger car segment is anticipated to dominate the market over the estimated period. Severe regulations imposed by the governments to connect driver assistance systems in vehicles are fuelling the growth of this segment.
Key Players
Many companies in Autonomous Emergency Braking System Market are focusing on advancements to stay ahead in competition. Some of the key market players are Autoliv Inc (Sweden), ZF Friedrichshafen (German), Hitachi Automotive Systems (Japan), Mando Corporation (South Korea), Aisin Seiki Co (Japan), Continental AG (Germany), Denso Corporation (Japan), Robert Bosch (Germany), Valeo (France), and Hyundai Mobis (South Korea)
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