Market Overview

The global automotive autonomous emergency braking system market is poised for significant growth in the coming years. An autonomous emergency braking system (AEB) is a safety technology that helps prevent or mitigate the severity of a collision by automatically applying the vehicle’s brakes in certain situations. The system uses various sensors, such as radar, lidar, and cameras, to detect objects in the vehicle’s path and alerts the driver if a collision is imminent. If the driver fails to react, the system applies the brakes automatically to prevent or reduce the severity of a crash.

The growing demand for safety features in vehicles, stringent government regulations, and increasing consumer awareness regarding road safety are some of the key factors driving the growth of the automotive autonomous emergency braking system market. According to a report by Market Research Future, the global automotive autonomous emergency braking system market is expected to grow at a CAGR of 21.6% from 2020 to 2027, reaching a market size of USD 12.29 billion by 2027.

Meaning 

An automotive autonomous emergency braking system (AEB) is a safety technology that helps prevent or reduce the severity of a collision by automatically applying the brakes in certain situations. The system uses sensors to detect objects in the vehicle’s path and alerts the driver if a collision is imminent. If the driver fails to react, the system applies the brakes automatically to prevent or reduce the severity of a crash.

AEB systems use various sensors, such as radar, lidar, and cameras, to detect objects in the vehicle’s path. The system analyzes the data from these sensors to determine if a collision is imminent. If a collision is detected, the system alerts the driver through visual and auditory cues. If the driver fails to react, the system applies the brakes automatically to prevent or reduce the severity of a crash.

Executive Summary

The global automotive autonomous emergency braking system market is expected to grow at a CAGR of 21.6% from 2020 to 2027, reaching a market size of USD 12.29 billion by 2027. The growing demand for safety features in vehicles, stringent government regulations, and increasing consumer awareness regarding road safety are some of the key factors driving the growth of the automotive autonomous emergency braking system market.

The report provides an in-depth analysis of the global automotive autonomous emergency braking system market, including market drivers, restraints, opportunities, and key trends. The report also provides a comprehensive analysis of the market’s regional segmentation, competitive landscape, and key industry developments.

Important Note: The companies listed in the image above are for reference only. The final study will cover 18–20 key players in this market, and the list can be adjusted based on our client’s requirements.

Key Market Insights

The global automotive autonomous emergency braking system market is expected to grow at a significant pace in the coming years. Here are some of the key insights into the market:

• Growing demand for safety features: With the increasing number of road accidents and fatalities, the demand for safety features in vehicles is growing rapidly. Automotive autonomous emergency braking systems are one of the most critical safety features that help prevent or reduce the severity of collisions. This growing demand for safety features is driving the growth of the automotive autonomous emergency braking system market.
• Stringent government regulations: Governments around the world are introducing stringent regulations to improve road safety. For instance, in Europe, all new passenger cars and light commercial vehicles must have AEB systems as standard from 2022. Similarly, in the US, the National Highway Traffic Safety Administration (NHTSA) has proposed to make AEB systems mandatory in all new passenger cars and light trucks from 2022. These regulations are driving the adoption of automotive autonomous emergency braking systems.
• Increasing consumer awareness: With the growing awareness regarding road safety, consumers are increasingly opting for vehicles with advanced safety features, such as automotive autonomous emergency braking systems. This increasing consumer awareness is driving the demand for these systems in the automotive market.

Market Drivers

1. Growing demand for safety features: As mentioned earlier, the increasing number of road accidents and fatalities is driving the demand for safety features in vehicles. Automotive autonomous emergency braking systems are one of the most critical safety features that help prevent or reduce the severity of collisions. The demand for these systems is expected to grow further in the coming years.
2. Stringent government regulations: Governments around the world are introducing stringent regulations to improve road safety. As mentioned earlier, many countries have already made AEB systems mandatory in new vehicles. This trend is expected to continue, driving the adoption of automotive autonomous emergency braking systems.
3. Increasing consumer awareness: With the growing awareness regarding road safety, consumers are increasingly opting for vehicles with advanced safety features, such as automotive autonomous emergency braking systems. This trend is expected to continue, further driving the demand for these systems in the automotive market.
4. Technological advancements: Technological advancements in AEB systems are also driving the growth of the market. Manufacturers are constantly developing new and improved AEB systems with better accuracy, response time, and functionality.

Market Restraints

1. High cost: The high cost of automotive autonomous emergency braking systems is a major restraint to the growth of the market. These systems use advanced sensors and technology, which makes them expensive to produce. This high cost is a major barrier to the adoption of these systems, particularly in emerging economies.
2. Limited effectiveness in certain situations: While automotive autonomous emergency braking systems are effective in many situations, they may not be as effective in certain situations, such as when the vehicle is traveling at high speeds or when there is poor visibility. This limited effectiveness may reduce the demand for these systems in certain markets.

Market Opportunities

1. Emerging markets: Emerging markets, such as India and China, present significant opportunities for the growth of the automotive autonomous emergency braking system market. As the middle class in these markets grows, the demand for advanced safety features in vehicles is expected to increase.
2. Integration with other safety features: Integrating automotive autonomous emergency braking systems with other safety features, such as lane departure warning systems and adaptive cruise control, can provide enhanced safety benefits. This integration presents significant opportunities for the growth of the market.
3. Development of aftermarket solutions: The development of aftermarket solutions for automotive autonomous emergency braking systems presents significant opportunities for the growth of the market. Aftermarket solutions can provide a cost-effective way for consumers to upgrade their vehicles with advanced safety features.

Market Dynamics

The global automotive autonomous emergency braking system market is highly dynamic and competitive. Key market dynamics include:

1. Technological advancements: Technological advancements are driving the growth of the market. Manufacturers are constantly developing new and improved AEB systems with better accuracy, response time, and functionality.
2. Competition: The market is highly competitive, with several major players vying for market share. Key players are focusing on innovation and product differentiation to gain a competitive edge.
3. Government regulations: Government regulations are a major driver of the market, as mentioned earlier. Changes in regulations can significantly impact the growth and development of the market.
4. Consumer awareness: Consumer awareness is driving the demand for advanced safety features in vehicles, including automotive autonomous emergency braking systems.

Regional Analysis

The global automotive autonomous emergency braking system market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Europe is expected to dominate the market, owing to stringent government regulations mandating the use of AEB systems in new vehicles. Asia Pacific is expected to be the fastest-growing market, driven by the growing demand for safety features in vehicles and the increasing consumer awareness regarding road safety.

Competitive Landscape

Leading Companies in the Automotive Autonomous Emergency Braking System Market

1. Robert Bosch GmbH
2. Continental AG
3. ZF Friedrichshafen AG
4. Denso Corporation
5. Aptiv PLC
6. Valeo S.A.
7. Autoliv Inc.
8. Magna International Inc.
9. WABCO Holdings Inc.
10. Mobileye N.V. (Intel Corporation)

Please note: This is a preliminary list; the final study will feature 18–20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.

Segmentation

The global automotive autonomous emergency braking system market is segmented by technology, vehicle type, and region. By technology, the market is segmented into radar, lidar, and camera-based systems. By vehicle type, the market is segmented into passenger cars and commercial vehicles.

Category-wise Insights

1. Technology segment:

• Radar-based systems are the most commonly used AEB systems in the automotive market, owing to their reliability and accuracy.
• Lidar-based systems are gaining popularity, owing to their ability to accurately detect objects at greater distances and in poor visibility conditions.
• Camera-based systems are the most cost-effective AEB systems, but they may not be as reliable as radar or lidar-based systems.

2. Vehicle type segment:

• The passenger car segment is expected to dominate the market, owing to the increasing demand for safety features in passenger vehicles.
• The commercial vehicle segment is also expected to grow at a significant pace, owing to the growing demand for safety features in commercial vehicles, such as trucks and buses.

Key Benefits for Industry Participants and Stakeholders

The global automotive autonomous emergency braking system market presents significant opportunities for industry participants and stakeholders. Some of the key benefits of the market include:

1. Growing demand for safety features: The growing demand for safety features in vehicles presents significant opportunities for industry participants to develop and market advanced safety technologies.
2. Stringent government regulations: Government regulations mandating the use of AEB systems in new vehicles present significant opportunities for industry participants to develop and supply these systems.
3. Technological advancements: Technological advancements in AEB systems present significant opportunities for industry participants to develop and market new and improved systems.

SWOT Analysis

Strengths:

• Growing demand for safety features in vehicles
• Stringent government regulations mandating the use of AEB systems in new vehicles
• Technological advancements in AEB systems

Weaknesses:

• High cost of AEB systems
• Limited effectiveness in certain situations

Opportunities:

• Emerging markets
• Integration with other safety features
• Development of aftermarket solutions

Threats:

• Competition from other safety technologies
• Economic slowdowns and market volatility
• Regulatory changes

Market Key Trends

Some of the key trends in the global automotive autonomous emergency braking system market include:

1. Integration with other safety features: Integrating AEB systems with other safety features, such as lane departure warning systems and adaptive cruise control, is a key trend in the market.
2. Development of aftermarket solutions: The development of aftermarket solutions for AEB systems is a key trend, as it provides a cost-effective way for consumers to upgrade their vehicles with advanced safety features.
3. Technological advancements: Technological advancements in AEB systems, such as the use of lidar sensors, are a key trend in the market.

Covid-19 Impact

The Covid-19 pandemic has had a significant impact on the global automotive industry, including the automotive autonomous emergency braking system market. The pandemic has led to a slowdown in the automotive industry, with production and sales declining significantly. However, the demand for safety features in vehicles, including AEB systems, is expected to remain strong in the post-pandemic period.

Key Industry Developments

1. In 2020, Bosch launched a new generation of its AEB system that uses radar and camera sensors for greater accuracy and functionality.
2. In 2020, ZF Friedrichshafen AG announced the launch of its new AEB system that uses a combination of radar and camera sensors for improved accuracy and functionality.

3. In 2019, Delphi Technologies launched a new AEB system that uses advanced machine learning algorithms for improved accuracy and response time.

Analyst Suggestions

Industry analysts suggest that the global automotive autonomous emergency braking system market is poised for significant growth in the coming years. Key suggestions for industry participants and stakeholders include:

1. Focus on innovation: Industry participants should focus on innovation and product differentiation to gain a competitive edge in the market.
2. Strategic partnerships: Strategic partnerships and collaborations can help industry participants to leverage each other’s strengths and develop new and improved AEB systems.
3. Expansion in emerging markets: Industry participants should focus on expanding their presence in emerging markets, such as India and China, where the demand for advanced safety features in vehicles is expected to increase significantly.

Future Outlook

The global automotive autonomous emergency braking system market is expected to grow at a CAGR of 21.6% from 2020 to 2027, reaching a market size of USD 12.29 billion by 2027. The growing demand for safety features in vehicles, stringent government regulations, and increasing consumer awareness regarding road safety are some of the key factors driving the growth of the market. The market is highly dynamic and competitive, with several major players vying for market share. Industry participants are expected to focus on innovation, strategic partnerships, and expansion in emerging markets to gain a competitive edge in the market.

Conclusion

The global automotive autonomous emergency braking system market presents significant opportunities for industry participants and stakeholders. The market is expected to grow at a significant pace in the coming years, driven by the growing demand for safety features in vehicles, stringent government regulations, and increasing consumer awareness regarding road safety. The market is highly dynamic and competitive, with several major players vying for market share. Industry participants are expected to focus on innovation, strategic partnerships, and expansion in emerging markets to gain a competitive edge in the market.