The low-speed AEB system market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Automatic emergency braking (AEB) is a safety function that can avert an accident. Sensors are used by all AEB systems to identify impediments ahead and determine whether a collision is imminent. Typically, the system would notify the driver via a dashboard message or an audio alert that a collision is imminent and that they must apply the brake. If the driver fails to act, the system’s automated or “autonomous” mode will take over and apply the brakes automatically. The most basic AEB devices operate at low speeds to avoid or mitigate small urban crashes. The major factor driving the growth of the market includes the increasing number of cases of road accidents globally. According to NCRB, in 2019, a total of 4,37,396 road accident cases were reported.
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The global low-speed AEB system market is segmented based on the type and application. Based on the type, the market is sub-segmented into forward collision warning, dynamic brake support, and crash imminent braking. Among these types, the dynamic brake support segment is expected to propel the growth of the market due to the increasing demand and usage of dynamic brake support systems in vehicles globally. Based on the application, the market is sub-segmented into passenger vehicle, light commercial vehicle, and heavy commercial vehicle.
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The market players are also contributing significantly to the market’s growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in April 2021, ZF announced the preparation to mass-produce its most advanced AEB support system. From this year, “two top Chinese manufacturers” will deploy OnGuardMAX in new truck models. The system can identify, categorize, and respond automatically to moving and stationary cars, motorcycles, and bicycles due to data integration with camera and radar sensors. The technology may alert the driver of impending crashes and, if required, bring the car to a complete stop on its own.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- ZF TRW, Continental AG, Denso Corp., Tesla Motors, Robert Bosch GmbH, Delphi Automotive PLC, Autoliv Inc., Volvo Car Corp., Ford Motor Co., Daimler AG, Audi, Volkswagen, Toyota Motor Co., and Honda Motor Co., among others.
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?
Global Low-Speed AEB System Market Report by Segment
By Type
- Forward Collision Warning
- Dynamic Brake Support
- Crash Imminent Braking
By Application
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
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