During the forecast period, the global market for autonomous emergency braking systems (AEB) is expected to grow significantly. The increasing number of road accidents is driving the global AEB market, resulting in increased safety concerns around the world. Proactive measures taken by different governments to ensure road and vehicle safety are expected to further boost the market growth through 2028. However, the high cost of AEB systems may impede market growth during the forecast period, and a lack of proper infrastructure could also restrict market growth in the coming years.
The market for autonomous emergency braking systems (AEB) is segmented by vehicle type, technology, component, operating system, application, company, and region. Based on vehicle type, the market is divided into passenger cars and light commercial vehicles & medium & heavy commercial vehicles. The passenger car segment is expected to dominate the market due to rising income levels and increasing demand for passenger cars, particularly in emerging countries. Additionally, the growing production of passenger cars with internal combustion engines due to increasing vehicle ownership further propels segmental growth. Based on operating system, the market can be fragmented into high-speed inter-urban AEB systems, low-speed city AEB systems, and pedestrian-VRU (vulnerable road users) AEB systems. The low-speed city AEB systems segment is expected to dominate the market due to the increasing number of vehicles and road accidents, especially in urban areas.
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The autonomous emergency braking system (AEB) market is regionally segmented into Asia-Pacific, North America, South America, Europe, and the Middle East & Africa. North America is expected to dominate the overall AEB market due to strict regulations in the region aimed at ensuring vehicle safety. Meanwhile, Asia-Pacific is expected to experience significant growth in the market during the forecast period, attributed to the thriving automotive industry in the region with technologically advanced countries such as Japan and South Korea. Additionally, China is the leader in overall vehicle production and manufacturing.
Robert Bosch GmbH, Continental AG, Denso Corporation, ZF Friedrichshafen AG, Hyundai Mobis Co., Ltd., Aisin Seiki Co., Ltd., Valeo S.A., Delphi Automotive PLC, Paccar Inc. (DAF), Infineon Technologies AG, and others are the major players operating in the autonomous emergency braking system (AEB) market. Major companies are developing advanced technologies and launching new products to remain competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
Objective of the Study:
- To analyze and estimate the market size of global autonomous emergency braking system (AEB) market from 2018 to 2021.
- To estimate and forecast the market size of global autonomous emergency braking system (AEB) market from 2022 to 2028 and growth rate until 2028.
- To classify and forecast global autonomous emergency braking system (AEB) market based on vehicle type, technology, component, operating system, application, company and regional distribution.
- To identify dominant region or segment in the global autonomous emergency braking system (AEB) market.
- To identify drivers and challenges for global autonomous emergency braking system (AEB) market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global autonomous emergency braking system (AEB) market.
- To identify and analyze the profile of leading players operating in global autonomous emergency braking system (AEB) market.
- To identify key sustainable strategies adopted by market players in global autonomous emergency braking system (AEB) market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of global autonomous emergency braking system (AEB) market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Autonomous emergency braking system (AEB) manufacturers/ suppliers/ distributors
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to autonomous emergency braking system (AEB)
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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About TechSci Research:
TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.
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