Autonomous Emergency Braking System Market Size, Share, Industry Trends and Forecast to 2033
This report provides a comprehensive analysis of the Autonomous Emergency Braking System (AEBS) market, offering insights on market dynamics, trends, regional performance, and forecasts from 2023 to 2033.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $10.00 Billion |
| CAGR (2023-2033) | 12% |
| 2033 Market Size | $32.53 Billion |
| Top Companies | Bosch, Continental AG, Denso Corporation, Mobileye, ZF Friedrichshafen AG |
| Last Modified Date | 15 Nov 2024 |
Autonomous Emergency Braking System Market Report (2023 - 2033)
Autonomous Emergency Braking System Market Overview
What is the Market Size & CAGR of Autonomous Emergency Braking System market in 2023?
Autonomous Emergency Braking System Industry Analysis
Autonomous Emergency Braking System Market Segmentation and Scope
Request a custom research report for industry.
Autonomous Emergency Braking System Market Analysis Report by Region
Europe Autonomous Emergency Braking System Market Report:
The European market for AEBS is forecasted to increase from $3.33 billion in 2023 to $10.84 billion by 2033. The Europe region represents the largest market for AEBS, driven by strong legislative frameworks encouraging the adoption of advanced safety systems and a growing electric vehicle market.Asia Pacific Autonomous Emergency Braking System Market Report:
In 2023, the AEBS market in the Asia Pacific region is valued at $1.76 billion, projected to grow to $5.74 billion by 2033. The growth is driven by increasing investments in vehicle safety technologies and rising production of automobiles in countries such as China and Japan. Moreover, supportive government initiatives aimed at introducing stringent safety norms are expected to bolster market expansion.North America Autonomous Emergency Braking System Market Report:
North America, valued at $3.63 billion in 2023, is projected to reach $11.82 billion by 2033. This strong growth trajectory is largely attributed to stringent regulatory requirements for automotive safety, extensive research and development investments by leading manufacturers, and high consumer awareness surrounding vehicle safety.South America Autonomous Emergency Braking System Market Report:
The South American AEBS market is anticipated to grow from $0.91 billion in 2023 to $2.96 billion in 2033. Market growth in this region is influenced by the increasing demand for safer vehicles and collaboration between local manufacturers and global technology providers focusing on enhancing automotive safety features.Middle East & Africa Autonomous Emergency Braking System Market Report:
The AEBS market in the Middle East and Africa is projected to grow from $0.36 billion in 2023 to $1.17 billion by 2033. An increase in vehicle manufacturing and a heightened awareness of road safety are propelling growth in this region, as local governments enact policies aimed at reducing accident rates.Request a custom research report for industry.
Autonomous Emergency Braking System Market Analysis By Technology
Global Autonomous Emergency Braking System Market, By Technology Market Analysis (2023 - 2033)
The AEBS market is segmented by technology into hardware, software, and integration services. In 2023, the market size for hardware is $6.52 billion, expected to increase to $21.22 billion by 2033. This segment holds a significant market share of 65.24%. Software solutions account for $2.22 billion in 2023, forecasted to grow to $7.23 billion by 2033, maintaining a 22.22% market share. Integration services generate $1.25 billion in 2023 and are projected to reach $4.08 billion by 2033, with a 12.54% share.
Autonomous Emergency Braking System Market Analysis By Vehicle Type
Global Autonomous Emergency Braking System Market, By Vehicle Type Market Analysis (2023 - 2033)
The segmentation by vehicle type includes passenger vehicles, commercial vehicles, and two-wheelers. Passenger vehicles dominate the market, generating $6.52 billion in 2023, projected to reach $21.22 billion by 2033. Commercial vehicles account for $2.22 billion, expected to grow to $7.23 billion, while two-wheelers show a smaller market size of $1.25 billion, with projections to reach $4.08 billion.
Autonomous Emergency Braking System Market Analysis By End User Application
Global Autonomous Emergency Braking System Market, By End-User Application Market Analysis (2023 - 2033)
Market segmentation by end-user application includes personal transportation, fleet management, and public transport. Personal transportation is the largest segment at $6.52 billion for 2023, with expectations to grow to $21.22 billion. Fleet management has a market size of $2.22 billion, projected to increase to $7.23 billion, while public transport is valued at $1.25 billion, forecasted to reach $4.08 billion.
Autonomous Emergency Braking System Market Analysis By Component
Global Autonomous Emergency Braking System Market, By Component Market Analysis (2023 - 2033)
This segment emphasizes components such as camera-based systems, radar-based systems, and lidar-based systems. Camera-based systems lead the market with a size of $6.52 billion in 2023, forecasted to reach $21.22 billion. Radar-based systems account for $2.22 billion in 2023, expected to grow to $7.23 billion, while lidar-based systems stand at $1.25 billion, projected to achieve $4.08 billion by 2033.
Autonomous Emergency Braking System Market Trends and Future Forecast
Request a custom research report for industry.
Global Market Leaders and Top Companies in Autonomous Emergency Braking System Industry
Bosch:
Robert Bosch GmbH is known for its innovation in automotive technology, providing advanced safety systems including AEBS, integrated with cutting-edge sensors and software solutions.Continental AG:
Continental is a leading technology company that specializes in safety and efficiency solutions for automobiles, developing comprehensive AEBS systems as part of its ADAS portfolio.Denso Corporation:
Denso is recognized for its contributions to vehicle safety through AEBS, integrating diverse technologies such as radar and camera systems to enhance road safety.Mobileye:
A subsidiary of Intel, Mobileye specializes in autonomous driving technologies, delivering innovative AEBS solutions that utilize advanced computer vision systems.ZF Friedrichshafen AG:
ZF is a global leader in driveline and chassis technology, contributing to the AEBS market with enhanced safety technologies and systems for commercial and passenger vehicles.We're grateful to work with incredible clients.
Related Industries
FAQs
What is the market size of Autonomous Emergency Braking System?
The Autonomous Emergency Braking System market is projected to grow from $10 billion in 2023 to a robust size by 2033, driven by a compound annual growth rate (CAGR) of 12%. This development reflects heightened safety protocols and vehicle automation advancements.
What are the key market players or companies in the Autonomous Emergency Braking System industry?
Key players in the Autonomous Emergency Braking System market include leading automotive manufacturers and technology developers. Their strategic collaborations and innovations significantly influence market dynamics, ensuring the continuous evolution of safety features in vehicles.
What are the primary factors driving the growth in the Autonomous Emergency Braking System industry?
Growth in the Autonomous Emergency Braking System industry is primarily driven by regulatory mandates for enhanced vehicular safety, advancements in sensor technology, and increasing consumer demand for vehicles equipped with autonomous safety features to reduce accident occurrences.
Which region is the fastest Growing in the Autonomous Emergency Braking System?
North America is the fastest-growing region in the Autonomous Emergency Braking System market. The market size is projected to grow from $3.63 billion in 2023 to $11.82 billion by 2033, showcasing significant investment in advanced safety technologies.
Does Consainsights provide customized market report data for the Autonomous Emergency Braking System industry?
Yes, Consainsights offers customized market report data for the Autonomous Emergency Braking System industry. Tailored analyses can provide deeper insights into specific market segments, geographic regions, and competitive landscapes based on client needs.
What deliverables can I expect from this Autonomous Emergency Braking System market research project?
Deliverables from the Autonomous Emergency Braking System market research project include comprehensive industry reports, market size forecasts, competitive analysis, and insights on trends and segments, designed to aid strategic decision-making and market positioning.
What are the market trends of Autonomous Emergency Braking System?
Key market trends in the Autonomous Emergency Braking System realm include advancements in sensor technologies like camera, lidar, and radar systems, growing implementations in vehicles across segments, and a significant shift towards integration of AI for enhanced safety measures.