Global Autonomous Emergency Braking System Market

Autonomous Emergency Braking System Market Size, Share, Growth Analysis, By Product Type(Low-speed AEBS, and High-speed AEBS), By Technology(Crash Imminent Braking, and Dynamic Brake Support), By Vehicle Type(Passenger Vehicles, and Commercial Vehicles) - Industry Forecast 2024-2031

Report ID: SQMIG25A2265 | Region: Global | Published Date: April, 2024
Pages: 219 | Tables: 87 | Figures: 73

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Autonomous Emergency Braking System Market size was valued at USD 31.3 billion in 2022 and is poised to grow from USD 35.9 billion in 2023 to USD 107.55 billion by 2031, growing at a CAGR of 14.7% in the forecast period (2024-2031).

Autonomous emergency braking system providers should focus on increasing the efficiency of their products by integrating advanced technologies and sensors. Companies can also partner and collaborate with automotive manufacturers to create novel safety solutions. Autonomous emergency braking system market players should also work closely with government and road safety authorities to create products that are compliant with modern road safety mandates. 'Mobileye', 'Continental AG', 'Netradyne', 'ZF Friedrichshafen Ag', 'Aisin Seiki Co. Ltd.', 'Knorr-Bremse AG', 'Hyundai Mobis', 'Panasonic Corporation', 'Aptiv', 'Robert Bosch GmbH', 'Delphi Automotive LLP', 'Mando Corporation', 'Autoliv Inc.', 'Magna International Inc.', 'Hitachi Automotives Systems Ltd.', 'Valeo S.A.', 'WABCO Holdings Inc.'

Vehicle safety improvement is an area of interest for many automotive companies as governments impose stringent road safety regulations thereby driving autonomous emergency braking system demand as well.

Integration of Pedestrian Detection: Autonomous emergency braking system manufacturers should focus on integrating pedestrian detection capabilities with their products to improve their functionality and create new opportunities in the long run. Companies can utilize AI and predictive analysis to enhance the efficacy of their systems.

North America is estimated to account for a dominant stance in the autonomous emergency braking system market. Imposition of stringent road safety mandates and growing awareness regarding benefits associated with the deployment of autonomous emergency braking systems are slated to help North America maintain its dominance through 2031. The United States is predicted to spearhead autonomous emergency braking system demand outlook in this region followed by Canada. Rising popularity of autonomous and self-driving vehicles will also boost the sales of autonomous emergency braking systems over the coming years.

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Global Autonomous Emergency Braking System Market

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