The global autonomous emergency braking system market is expected to grow at a significant rate in the coming years. This market has been driven by the increasing demand for advanced safety features in vehicles, along with the growing concerns about road accidents and fatalities. Autonomous emergency braking systems are a type of safety feature that can automatically apply the brakes in the event of an impending collision, thereby reducing the risk of accidents.
The market for autonomous emergency braking systems is expected to witness significant growth due to the increasing demand for advanced safety features in vehicles, especially in developed regions such as North America and Europe. Additionally, the increasing focus on reducing fatalities and injuries on the road, as well as the growing adoption of autonomous driving technology, is also expected to drive the growth of the market.
Autonomous emergency braking (AEB) is a safety feature that is designed to automatically apply the brakes in a vehicle in the event of an impending collision. AEB systems use sensors and cameras to detect potential obstacles in the vehicle’s path, and can apply the brakes to avoid a collision or reduce the severity of an impact. These systems are typically designed to work at low speeds and are particularly effective in preventing rear-end collisions.
Executive Summary
The global autonomous emergency braking system market is expected to grow at a significant rate in the coming years. The increasing demand for advanced safety features in vehicles, coupled with the growing concerns about road accidents and fatalities, is driving the growth of this market. Autonomous emergency braking systems are a type of safety feature that can automatically apply the brakes in the event of an impending collision, thereby reducing the risk of accidents.
The market for autonomous emergency braking systems is expected to witness significant growth due to the increasing demand for advanced safety features in vehicles, especially in developed regions such as North America and Europe. Additionally, the increasing focus on reducing fatalities and injuries on the road, as well as the growing adoption of autonomous driving technology, is also expected to drive the growth of the market.
Important Note:ย The companies listed in the image above are for reference only. The final study will cover 18โ20 key players in this market, and the list can be adjusted based on our clientโs requirements.
Key Market Insights
- The global autonomous emergency braking system market is expected to grow at a significant rate in the coming years.
- The increasing demand for advanced safety features in vehicles is driving the growth of this market.
- The market is expected to witness significant growth due to the increasing focus on reducing fatalities and injuries on the road, as well as the growing adoption of autonomous driving technology.
- The North American and European regions are expected to dominate the market in the coming years.
- The market is expected to be dominated by key players such as ZF Friedrichshafen AG, Bosch, Continental AG, and Denso Corporation.
Market Drivers
- Increasing Demand for Advanced Safety Features in Vehicles
The growing demand for advanced safety features in vehicles is one of the key drivers of the global autonomous emergency braking system market. Consumers are becoming increasingly aware of the risks associated with driving, and are seeking safety features that can help reduce the risk of accidents. As a result, the demand for safety features such as AEB systems is increasing.
- Growing Concerns About Road Accidents and Fatalities
The growing concerns about road accidents and fatalities are also driving the growth of the market. Governments and organizations around the world are focusing on reducing the number of road accidents and fatalities, and are promoting the adoption of advanced safety features in vehicles. AEB systems are an effective way to reduce the risk of accidents, and are therefore in high demand.
- Increasing Adoption of Autonomous Driving Technology
The increasing adoption of autonomous driving technology is also driving the growth of the market. Autonomous vehicles are equipped with advanced sensors and cameras that can detect obstacles in their path, and can apply the brakes to avoid a collision. AEB systems are an integral part of autonomous driving technology, and are therefore in high demand.
Market Restraints
- High Cost of AEB Systems
- Limited Effectiveness at High Speeds
Another restraint of the market is the limited effectiveness of AEB systems at high speeds. AEB systems are primarily designed to work at low speeds, and may not be effective in preventing accidents at high speeds. This limits their usefulness in certain situations, such as on highways and other high-speed roads.
Market Opportunities
- Growing Adoption of Electric Vehicles
The growing adoption of electric vehicles is creating new opportunities for the market. Electric vehicles are equipped with advanced sensors and cameras that can be used to detect obstacles in their path, and can therefore benefit from the integration of AEB systems. As the adoption of electric vehicles continues to grow, the demand for AEB systems is also expected to increase.
- Increasing Focus on Developing Economies
The increasing focus on developing economies is another opportunity for the market. As the demand for advanced safety features in vehicles continues to grow in these regions, the adoption of AEB systems is also expected to increase. This presents an opportunity for AEB system manufacturers to expand their market reach and tap into new customer segments.
Market Dynamics
The global autonomous emergency braking system market is a dynamic and rapidly evolving market. The market is primarily driven by the increasing demand for advanced safety features in vehicles, along with the growing concerns about road accidents and fatalities. The market is also influenced by factors such as the adoption of autonomous driving technology, the cost of AEB systems, and the limited effectiveness of these systems at high speeds.
Regional Analysis
The global autonomous emergency braking system market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. North America and Europe are expected to dominate the market in the coming years, due to the high demand for advanced safety features in vehicles in these regions. Asia-Pacific is also expected to witness significant growth, due to the increasing focus on reducing road accidents and fatalities in this region.
Competitive Landscape
Leading Companies in the Global Autonomous Emergency Braking System Market:
- Continental AG
- Robert Bosch GmbH
- ZF Friedrichshafen AG
- Denso Corporation
- Valeo SA
- Hyundai Mobis Co., Ltd.
- Aisin Seiki Co., Ltd.
- Aptiv PLC
- Hitachi, Ltd.
- WABCO Holdings Inc.
Please note: This is a preliminary list; the final study will feature 18โ20 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 autonomous emergency braking system market is segmented by technology, vehicle type, and region. By technology, the market is segmented into forward collision warning, dynamic brake support, and crash imminent braking. By vehicle type, the market is segmented into passenger cars and commercial vehicles.
Category-wise Insights
- By Technology
- Forward Collision Warning: This segment is expected to dominate the market, due to the increasing demand for advanced safety features in vehicles.
- Dynamic Brake Support: This segment is also expected to witness significant growth, due to the increasing adoption of autonomous driving technology.
- Crash Imminent Braking: This segment is expected to witness moderate growth, due to the limited effectiveness of these systems at high speeds.
- By Vehicle Type
- Passenger Cars: This segment is expected to dominate the market, due to the high demand for advanced safety features in passenger cars.
- Commercial Vehicles: This segment is also expected to witness significant growth, due to the increasing adoption of advanced safety features in commercial vehicles.
Key Benefits for Industry Participants and Stakeholders
- Improved Safety Features in Vehicles:ย The integration of AEB systems in vehicles can help improve their safety features, and reduce the risk of accidents and fatalities.
- Increased Market Opportunities:ย ย The integration of AEB systems in vehicles can help manufacturers tap into new customer segments and expand their market reach.
- Competitive Advantage:ย Manufacturers that offer AEB systems in their vehicles can gain a competitive advantage over those that do not, as consumers are increasingly looking for advanced safety features in their vehicles.
SWOT Analysis
Strengths:
- AEB systems can help improve the safety features of vehicles, and reduce the risk of accidents and fatalities.
- The growing demand for advanced safety features in vehicles is driving the growth of the market.
- AEB systems are an integral part of autonomous driving technology, which is also driving the growth of the market.
Weaknesses:
- The cost of AEB systems is still relatively high, which makes them unaffordable for many consumers.
- AEB systems may not be effective at high speeds, which limits their usefulness in certain situations.
Opportunities:
- The growing adoption of electric vehicles is creating new opportunities for the market.
- The increasing focus on developing economies presents an opportunity for AEB system manufacturers to tap into new customer segments.
Threats:
- The market is highly competitive, with the presence of several key players.
- The limited effectiveness of AEB systems at high speeds may limit their usefulness in certain situations.
Market Key Trends
- Increasing Demand for Advanced Safety Features in Vehicles
The increasing demand for advanced safety features in vehicles is a key trend in the global autonomous emergency braking system market. Consumers are becoming increasingly aware of the risks associated with driving, and are seeking safety features that can help reduce the risk of accidents. As a result, the demand for safety features such as AEB systems is increasing.
- Growing Adoption of Autonomous Driving Technology
The growing adoption of autonomous driving technology is also a key trend in the market. Autonomous vehicles are equipped with advanced sensors and cameras that can detect obstacles in their path, and can apply the brakes to avoid a collision. AEB systems are an integral part of autonomous driving technology, and are therefore in high demand.
Covid-19 Impact
The Covid-19 pandemic has had a significant impact on the global autonomous emergency braking system market. The pandemic has led to a decline in vehicle sales, as well as disruptions in the global supply chain. However, the increasing focus on safety features in vehicles, as well as the growing adoption of autonomous driving technology, is expected to drive the growth of the market in the post-pandemic period.
Key Industry Developments
- ZF Friedrichshafen AG, a key player in the market, launched a new advanced AEB system in 2020. The system is designed to provide improved performance at higher speeds, and can help reduce the risk of accidents on highways and other high-speed roads.
- Bosch, another key player in the market, announced a partnership with NVIDIA in 2020 to develop advanced autonomous driving systems. The partnership is expected to drive the growth of the market, by integrating AEB systems into advanced autonomous driving technology.
Analyst Suggestions
- Manufacturers should focus on developing cost-effective AEB systems, to make them more accessible to consumers in developing regions.
- Manufacturers should continue to focus on product innovation and development, to maintain their market position and gain a competitive advantage.
Future Outlook
The global autonomous emergency braking system market is expected to grow at a significant rate in the coming years, driven by the increasing demand for advanced safety features in vehicles, the growing concerns about road accidents and fatalities, and the increasing adoption of autonomous driving technology. However, the market is also expected to face challenges such as the high cost of AEB systems, and the limited effectiveness of these systems at high speeds.
Conclusion
The global autonomous emergency braking system market is a dynamic and rapidly evolving market, driven by the increasing demand for advanced safety features in vehicles, the growing concerns about road accidents and fatalities, and the increasing adoption of autonomous driving technology. The market is expected to witness significant growth in the coming years, with North America and Europe expected to dominate the market due to the high demand for advanced safety features in vehicles in these regions.
Manufacturers are focusing on product innovation and development, as well as mergers and acquisitions, to maintain their market position and gain a competitive advantage. Despite the challenges, the market presents significant opportunities for industry participants and stakeholders, including the integration of AEB systems in electric vehicles, and the increasing focus on developing economies. Overall, the future outlook for the global autonomous emergency braking system market is positive, with continued growth expected in the coming years.