Emphasis on System (Low Speed AEBS, High Speed AEBS), Vehicle Type (Passenger Vehicle, and Commercial Vehicle), Technology (Dynamic Brake Support, and Crash Imminent Braking), and Region/Country.
The Automatic Emergency Braking Market was valued at USD 38.5 Billion in 2023 and is expected to grow at a robust CAGR of around 19.5 % during the forecast period (2024-2032).
Growing consumer awareness, significant R&D by industry participants, and updated safety agency ratings have propelled the expansion of the Automatic Emergency Braking Market. Basic automated emergency braking systems are already standard and optional on some large automakers’ mass-market models. Advancements in image-sensing technology and a decline in camera prices are propelling the global deployment of automobile cameras. Meanwhile, the high and unpredictable costs of producing automobiles with AEB and Collision Warning Systems (CWS) will hamper the market’s expansion.
This section discusses the key market trends that are influencing the various segments of the Automatic Emergency Braking Market, as identified by our team of research experts.
Low Speed AEB Segment Transforming Industry
In 2023, the market was led by the low speed AEB sector. Because advanced emergency braking systems can effectively avert crashes and lessen the severity of accidents in low-speed conditions, there has been an increase in demand for these systems. AEB devices operating at low speeds are helpful when parking and navigating confined places. These systems can recognize impediments during low-speed maneuvers, such as walls, other cars, or pedestrians, and can automatically apply the brakes to avoid collisions. The goal of increasing safety and lowering the possibility of accidents during parking and maneuvering has led to the demand for low-speed braking systems during the forecast period.
North America is expected to Grow with a Significant CAGR During the Forecast Period.
In 2023, North America held a dominant market share in the global market for automatic emergency braking. Significant demand has recently been seen in the North American market, and growth is anticipated. In North America, there is a growing concern for road safety, emphasizing lowering the frequency and severity of accidents. Modern braking systems are essential safety components that can lessen or avoid collisions. Automated emergency braking systems are becoming increasingly popular due to growing awareness of and demand for road safety. Furthermore, in North America, consumers’ knowledge of the advantages of emergency braking systems has been increasing. Modern safety features, like emergency braking systems, are highly valued by buyers concerned about their safety because they provide additional security.
The automatic emergency braking market is competitive and fragmented, with several global and international market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions. Some of the major players operating in the market are Continental AG, Aptiv, AISIN CORPORATION, Phinia Inc., DENSO CORPORATION, Hitachi, Ltd., HYUNDAI MOBIS, Magna International Inc., Robert Bosch GmbH, and ZF Friedrichshafen AG.
The Global Automatic Emergency Braking Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
1. Market Introduction
2. Research Methodology Or Assumption
3. Executive Summary
4. Market Dynamics
5. Pricing Analysis
6. Automatic Emergency Braking Market Revenue (usd Bn), 2022-2032f.
7. Market Insights By System
8. Market Insights By Vehicle Type
9. Market Insights By Technology
10. Market Insights By Region
11. Value Chain Analysis
12. Competitive Landscape
13. Company Profiled
14. Acronyms & Assumption
15. Annexure
Analyzing the historical market, estimating the current market, and forecasting the future market of the Global Automatic Emergency Braking Market were the three major steps undertaken to create and analyze the adoption of automatic emergency braking in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Global Automatic Emergency Braking Market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry. Detailed methodology is explained below:
Step 1: In-Depth Study of Secondary Sources:
A detailed secondary study was conducted to obtain the historical market size of the Automatic Emergency Braking Market through company internal sources such as annual reports and financial statements, performance presentations, press releases, etc., and external sources including journals, news and articles, government publications, competitor publications, sector reports, third-party databases, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Automatic Emergency Braking Market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as system, vehicle type, and technology. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Automatic Emergency Braking Market. Further, we conducted factor analysis using dependent and independent variables such as system, vehicle type, and technology of the automatic emergency braking market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the global automatic emergency braking market sector.
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Global Automatic Emergency Braking Market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2032 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and arrive at precise statistical numbers for each segment and sub-segment of the Global Automatic Emergency Braking Market. After studying various parameters and trends in the system, vehicle type, and technology of the Global Automatic Emergency Braking Market, data was split into several segments and sub-segments.
The current & future market trends of the Global Automatic Emergency Braking Market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the market’s overall attractiveness at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
Q1: What is the automatic emergency braking market's current market size and growth potential?
Q2: What are the driving factors for the growth of the automatic emergency braking market?
Q3: Which segment has the largest automatic emergency braking market share by vehicle type?
Q4: What are the emerging technologies and trends in the automatic emergency braking market?
Q5: Which region will dominate the automatic emergency braking market?
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