The global automatic or autonomous emergency braking market is anticipated to grow at a CAGR of 15.0% during the forecast period (2022-2028). It is a safety technology increasingly being fitted to vehicles, which monitors the traffic conditions ahead and automatically brakes the car if the driver fails to respond to an emergency situation. The major factor expected to drive the market growth is the increasing sales of vehicles across the globe along with increasing adaptation of autonomous cars owing to advanced technology such as self-driving or automated driving. Furthermore, the growing inclination of consumers toward the advanced braking system, increasing demand for fuel-efficient vehicles equipped with advanced safety features are primarily contributing to the market growth. Key manufacturers are heavily investing in R&D activities to manufacture autonomous emergency braking integrated with advanced driver assistance systems (ADAS) to maintain or decrease the stopping distance of the vehicles. These are some factors that propel the growth of the global automatic or autonomous emergency braking system market during the forecast period.
Some major players in the market include Aisin Seiki Co. Ltd., Continental AG, and Robert Bosch GmbH, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in February 2022, Jeep Meridian announced that the company is planning to launch the India Bound Jeep Meridian SUV in India in mid-2022 with improved adaptive cruise control, and advanced autonomous emergency braking system, blind-spot monitoring and assistance system, and a forward collision warning. In addition, in June 2019, Continental AG announced that the company will provide autonomous emergency braking systems to OEMs present in India. The decision was taken after the Indian government made it mandatory to install an autonomous emergency braking system in all the vehicles.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Product Type
- By Technology
- By Vehicle Type
- By Sales Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape– Aisin Seiki Co. Ltd., Continental AG, and Robert Bosch GmbH, among others
A full report Automatic or Autonomous Emergency Braking Market of is available at: https://orionmarketreports.com/global-automatic-or-autonomous-emergency-braking-market/107092/
Global Automatic or Autonomous Emergency Braking Market Report by Segment
By Product Type
- Low-Speed AEBS
- High-Speed AEBS
By Technology
- Crash Imminent Braking
- Dynamic Brake Support
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
By Sales Channel
- Original Equipment Manufacturers (OEMs)
- Aftermarket
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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