Global Automatic Emergency Braking Market Predicted to Grow at a Healthy CAGR of 8.1%

  • 26 Jul 2019
  • Automotive

Global automatic emergency braking market to register a CAGR of over 8.1% from 2019 to 2029.

Rising passenger vehicle purchases are predicted to contribute significantly towards industry expansion over the forecast period. Major automobile manufacturers are equipping crash avoidance technology in medium and luxury car segments. For instance, in 2017, Toyota equipped the AEB system in over 50% of its vehicle fleet. Moreover, electric & hybrid car manufacturers including Tesla are providing crash avoidance technology as standard in the majority of vehicles, thereby influencing an automatic emergency braking market share from 2019 to 2026.

Proliferating need for autonomous vehicles along with growing concerns for driver and passenger safety will boost the market size. Vehicle owners are transitioning toward advanced features such as adaptive cruise control, lane departure warning, forward collision warning with automatic emergency braking, and blind-spot detection system.

Lack of supporting infrastructure along with higher costs associated with the incorporation and maintenance of these systems may restrict the automatic emergency braking market size over the forecast timeframe. In addition, the absence of an appropriate frequency band for operating such electronic systems may hamper the system performance. However, governments are implementing new policies for offering low-frequency brands to be used for automotive purposes. For instance, in 2015, the Government of India de-licensed some low-frequency bands for usage in the automotive industry, providing a positive outlook for industry expansion.

Government regulations also play a big role. As per the National Highway Traffic Safety Administration (NHTSA), in 2015, in the U.S. over 129,000 pedestrians were involved in crash-related injuries. Countries are taking initiatives to increase awareness regarding crash car safety thereby driving the automatic emergency braking (AEB) market size. For instance, in 2018, the Institute of Road Traffic Education launched ‘Stop the Crash’ campaign to showcase the benefits of advanced vehicle systems such as electronic stability control and autonomous emergency braking.

Market Segmentation:

1. By Product Type

●     Slow Speed AEB Systems

●     High Speed AEB Systems

●     Pedestrian AEB Systems

2. By Application

●     Passenger Vehicles

●     Commercial Vehicles

3. By Technology:

●     Dynamic Brake Support (DBS)

●     Crash Imminent Braking (CIB)

4. By Region:

●     North America

●     Europe 

●     Asia Pacific

●     Latin America 

●     Rest of the World

North America accounted for the largest share in the global Automatic Emergency Braking market. The rising demand for luxury automobiles and modernization of vehicles increases the adoption of automatic emergency braking in the region. The high disposable income and living standards have increased the demand for passenger cars in the region. The introduction of stringent government regulations regarding vehicular safety and technological advancements are factors expected to provide growth opportunities in the region during the forecast period.

Competitive Landscape:

●      Tier 1 players- established companies in the market with a major market share

●      Tier 2 players

●      Emerging players which are growing rapidly

●      New Entrants 

The major firms operating in the automatic emergency braking market place include Autoliv Inc., Continental AG, Delphi Technologies, Robert Bosch GmbH, Mercedes Benz, AB Volvo, Volkswagen AG, Siemens, Mitsubishi Corporation, BMW, Ford Motor Company, and General Motors. Other notable players include Mazda Motor Corporation, Honda Motor Company, Groupe PSA, Hyundai Motor Corporation, Toyota Motor Corporation, Magna International Inc., Mobileye, ZF TRW Automotive Inc, Tesla, and Audi.

FutureWise Takeaways:

●      Growth prospects

●      SWOT analysis

●      Key trends

●      Key data points affecting market growth

Objectives of the Study:

●     To provide an exhaustive analysis on the global automatic emergency braking  market by product type, by application, by technology and by region

●      To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)

●      To evaluate and forecast micro-markets and the overall market

●      To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the rest of the world

●      To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions

●      Profiling of companies to evaluate their market shares, strategies, financials and core competencies


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