Automatic Emergency Braking System (AEBS) Market Analysis: Its CAGR, Market Segmentation and Global Industry Overview
Automatic Emergency Braking System (AEBS) Market Trends, Growth Opportunities, and Forecast Scenarios
The Automatic Emergency Braking System (AEBS) market is currently experiencing significant growth due to an increasing focus on vehicle safety and the adoption of advanced driver assistance systems (ADAS) by automotive manufacturers. AEBS is a safety feature that automatically applies the brakes in order to prevent or mitigate collisions with other vehicles, pedestrians, or obstacles.
One of the key market trends driving the growth of the AEBS market is the implementation of regulations mandating the inclusion of AEBS in new vehicles. For example, the European Union has mandated that all new vehicles sold in the region must be equipped with AEBS by 2022. This regulatory push is expected to drive the demand for AEBS systems in the coming years.
Another trend driving the growth of the AEBS market is the increasing consumer awareness about vehicle safety and the benefits of ADAS features. Consumers are increasingly looking for vehicles equipped with advanced safety features such as AEBS, which is driving the demand for these systems in the market.
The market for AEBS also presents significant growth opportunities in emerging markets, where the adoption of ADAS features is still at a nascent stage. As these markets continue to develop and the income levels of consumers rise, the demand for vehicles equipped with AEBS is expected to increase.
Overall, the Automatic Emergency Braking System market is projected to witness robust growth in the coming years, driven by regulatory mandates, increasing consumer awareness, and growth opportunities in emerging markets.
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Automatic Emergency Braking System (AEBS) Market Competitive Analysis
The Automatic Emergency Braking System (AEBS) market is highly competitive with key players such as Robert Bosch GmbH, ZF Friedrichshafen AG, Continental AG, Delphi (Aptiv), Autoliv, WABCO, Mobileye (Intel), and Mando Corporation. These companies offer innovative AEBS solutions to enhance vehicle safety and reduce accidents. They leverage advanced technologies like radar, cameras, and sensors to provide efficient braking systems. These companies help grow the AEBS market by investing in research and development, collaborating with automotive manufacturers, and expanding their presence in emerging markets.
- Robert Bosch GmbH sales revenue: $ billion
- Continental AG sales revenue: $44.48 billion
- Autoliv sales revenue: $8.91 billion
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In terms of Product Type, the Automatic Emergency Braking System (AEBS) market is segmented into:
Automatic Emergency Braking System (AEBS) can be classified into two types based on their operating speeds: Low-speed AEBS and High-speed AEBS. Low-speed AEBS is designed to operate at low speeds, such as in city driving conditions, to prevent collisions with pedestrian or stationary objects. Whereas, High-speed AEBS is meant for higher speeds, typically on highways, to prevent rear-end collisions. These systems help in boosting the demand for AEBS in the market by providing enhanced safety to drivers and passengers, reducing the risk of accidents and injuries, and meeting the increasing safety regulations imposed by authorities, thereby increasing the adoption of these systems in vehicles.
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In terms of Product Application, the Automatic Emergency Braking System (AEBS) market is segmented into:
Automatic Emergency Braking System (AEBS) is a safety feature that helps to prevent collisions by automatically applying the brakes when a potential collision is detected. In passenger cars, AEBS can help reduce the severity of accidents or even avoid them altogether. In commercial vehicles, this system can help prevent rear-end collisions, which are common in heavy traffic situations. The fastest growing application segment in terms of revenue is expected to be commercial vehicles, as there is an increasing focus on improving road safety for both drivers and pedestrians. AEBS in this segment can help reduce accidents and save lives.
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Automatic Emergency Braking System (AEBS) Industry Growth Analysis, by Geography
The Automatic Emergency Braking System (AEBS) market is expected to witness significant growth in regions such as North America (NA), Asia Pacific (APAC), Europe, the United States (USA), and China. Among these regions, North America and Europe are expected to dominate the market, with a market share of around 35% and 30% respectively. The APAC region, particularly China, is also expected to show rapid growth in the AEBS market due to increasing government regulations for vehicle safety. Overall, the global AEBS market is projected to reach a valuation of over $6 billion by 2025.
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