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Written by yama » Updated on: October 27th, 2024
According to TechSci Research report, “Global Automatic Emergency Brake System Market– By Region, Competition, Forecast & Opportunities, 2028,” The Automotive Emergency Brake & System Market is poised for significant growth from 2024 to 2028. With a market size of USD 19.15 billion in 2022, the industry is projected to expand at a robust compound annual growth rate (CAGR) of 18.95% from 2023 to 2028. The main drivers of the global automatic emergency brake systems market are rooted in the escalating safety concerns among consumers, which have propelled the demand for advanced vehicle safety features.
Additionally, stringent government regulations emphasizing vehicle safety standards have further contributed to the market growth. Furthermore, the continuous technological advancements in automotive electronics have played a pivotal role in enhancing the capabilities and effectiveness of automatic emergency brake systems. Lastly, the growing adoption of autonomous vehicles has also fostered the adoption of these systems, as they are crucial for ensuring passenger safety in self-driving cars.
The global Automatic Emergency Braking System (AEBS) market is expected to experience substantial growth in the coming years, driven by various influencing factors. One of the primary drivers is the rising demand for advanced automotive safety systems as consumers increasingly prioritize vehicle safety. Additionally, the growing concern over the alarming number of vehicle-related accidents worldwide has further propelled the adoption of AEBS, as it offers a proactive approach to accident prevention and mitigation.
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With its ability to detect potential collisions and automatically apply brakes in emergency situations, AEBS provides an added layer of protection, enhancing overall road safety and reducing the severity of accidents. As governments and regulatory bodies continue to emphasize the importance of vehicle safety, the AEBS market is poised to witness significant expansion, presenting lucrative opportunities for manufacturers and suppliers in the automotive industry.
Furthermore, the surge in the expansion of the market can be attributed to the implementation of rigorous government regulations pertaining to vehicle safety. With an increasing number of countries now mandating the installation of AEBS (Advanced Emergency Braking Systems) in new vehicles, the adoption rate of this technology is rapidly escalating on a global scale. This, in turn, is anticipated to significantly accelerate the growth of the AEBS market, creating a positive impact on road safety and reducing the frequency of accidents.
On the technological front, the rapid advancements in the field of autonomous vehicles are creating abundant opportunities for the AEBS market. The integration of AEBS in autonomous vehicles enhances their safety, reliability, and efficiency, which is leading to its increased utilization in the sector.
However, the high cost of AEBS (Automatic Emergency Braking System) is one of the major factors that could potentially hamper the growth of the market. The incorporation of AEBS technology into vehicles undoubtedly enhances safety, but it also raises the overall cost of the vehicle. This increase in cost may make it unaffordable for a significant segment of consumers, particularly those with budget constraints or seeking more affordable options. Consequently, this affordability challenge could pose a substantial hurdle to the market's growth soon.
In terms of the competitive landscape, the global AEBS (Automatic Emergency Braking System) market is highly fragmented with the presence of numerous players operating in the market. Some of the key players dominating this market include Bosch, Continental, Delphi, ZF Friedrichshafen, and others. These companies have established themselves as industry leaders and are known for their extensive investment in research and development efforts.
By focusing on innovation and cost-effectiveness, these companies strive to introduce cutting-edge AEBS solutions that enhance vehicle safety and contribute to the overall advancement of the automotive industry. Their commitment to technological advancements underscores their dedication to improving road safety and reducing the risk of collisions.
Geographically, the market for Automatic Emergency Braking Systems (AEBS) is segmented into North America, Europe, Asia-Pacific, and the rest of the world. Among these regions, North America currently holds the largest share of the AEBS market, primarily attributed to its high vehicle production rate and widespread adoption of advanced automotive technologies. The region's automotive industry has been at the forefront of implementing safety features, including AEBS, to enhance vehicle safety and reduce the risk of collisions.
In Europe, the AEBS market is also significant, closely following North America. This is mainly driven by the region's stringent safety regulations and the high level of consumer awareness about vehicle safety systems. European countries have implemented strict standards and regulations to ensure the safety of vehicles and passengers, leading to a strong demand for AEBS.
Overall, these regions play a crucial role in the global AEBS market, with North America leading the way in terms of market share and Europe closely following, driven by safety regulations and consumer awareness.
Moreover, the Asia-Pacific region is anticipated to witness the highest growth rate in the Autonomous Emergency Braking System (AEBS) market. This growth can be attributed to several factors. Firstly, the region is experiencing a significant increase in vehicle production, driven by the growing demand for automobiles in countries like China and India. Secondly, rapid industrialization in the Asia-Pacific region is leading to the development of advanced manufacturing capabilities, which in turn is fueling the adoption of AEBS technology in vehicles. Lastly, there is a growing awareness about vehicle safety in these countries, prompting the government and consumers to prioritize technologies like AEBS that can enhance road safety and prevent accidents.
The Global Automatic Emergency Brake System Market is analyzed based on Vehicle Type, By technology Type, by Sensor Type and By Region. Based on vehicle type, the market is divided into Passenger Cars and Commercial Vehicles. Based on technology type the market is divided into Forward Collision Warning, Dynamic Brake Support and Crash Imminent Braking. Based on the sensor type, the market is divided into Radar, Lidar, and Camera.
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“The primary catalysts for the global automatic emergency brake systems market encompass escalating safety apprehensions among consumers, stringent government regulations pertaining to vehicle safety, notable advancements in automotive electronics, and the surging uptake of autonomous vehicles. So, it can be easily said that the global Automatic Emergency Brake System market is going to witness huge growth during the forecast period,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Global Automatic Emergency Brake Systems Market, By Vehicle Type (Passenger Cars and Commercial Vehicles), By Technology Type (Forward Collision Warning, Dynamic Brake Support and Crash Imminent Braking), By Sensor Type (Radar, Lidar, Camera), By Company and By Geography, Forecast & Opportunities, 2028,” has evaluated the future growth potential of Automatic Emergency Brake System market globally and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Global Automatic Emergency Brake System Market.
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1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2.1. Objective of theStudy
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
5.1. Factors Influencing Purchase Decision
5.2. Brand Awareness
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Vehicle Type Market Share Analysis (Passenger Cars and Commercial Vehicles)
6.2.2. By Break Type Market Share Analysis (Disc, Drum)
6.2.3. By Technology Type Market Share Analysis (Crash Imminent Braking, Dynamic Braking Support, Forward Collision Warning)
6.2.4. By Product Type Market Share Analysis (Lower Speed AEBS, High Speed AEBS)
6.2.5. By Regional Market Share Analysis
6.2.5.1. Asia-Pacific Market Share Analysis
6.2.5.2. Europe & CIS Market Share Analysis
6.2.5.3. North America Market Share Analysis
6.2.5.4. South America Market Share Analysis
6.2.5.5. Middle East & Africa Market Share Analysis
6.2.6. By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2022)
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