Automatic Emergency Braking Market Poised for Double-Digit Growth, Reaching $33 Billion by 2029

The global Automatic Emergency Braking (AEB) market is projected to reach USD 33.01 billion by 2029, growing at a robust CAGR of 14.5% from a valuation of USD 12.79 billion in 2022, according to a new report by Maximize Market Research. This growth is fueled by increasing consumer demand for safety features, regulatory mandates, and advancements in automotive sensor technology.

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Market Overview

Automatic Emergency Braking (AEB) is a lifesaving technology that automatically applies brakes to prevent or mitigate a collision. As road safety concerns escalate, AEB adoption is rising across passenger and commercial vehicles. This trend, coupled with government regulations in key markets, is propelling the AEB market forward.

Questions Answered in the Report

• What is the expected market size for Automatic Emergency Braking?
• Which vehicle segment will drive AEB adoption?
• What technological advancements are shaping the market?
• Who are the leading players in the AEB market?
• How is the market expected to develop in different regions?
• What was the impact of COVID-19 on the AEB market?

Segmentation

The AEB market is segmented by Brake, Technology, and Vehicle Type:

• By Brake:
  • Disc brakes dominate the market due to their superior performance and growing adoption in modern vehicles.
  • Drum brakes are expected to see growth in affordable vehicles due to lower component costs.
• By Technology:
  • Crash imminent braking holds the largest market share and is projected to maintain its lead due to its effectiveness in preventing rear-end collisions.
  • Dynamic brake support and forward collision warning systems are growing in popularity as these technologies enhance overall safety.
• By Vehicle Type:
  • Passenger vehicles account for a significant market share as consumer demand for safety features rises.
  • The commercial vehicle segment is expected to witness substantial growth due to regulatory mandates and a focus on fleet safety.

Market Players

The report identifies prominent players in the AEB market landscape, including:

• Automotive OEMs: Volvo Car Corporation, Tesla Inc., Ford Motor Company, Daimler AG, Toyota Motor Corporation, Honda Motor Company Ltd., etc.
• Tier 1 Suppliers: Autoliv Inc., Continental AG, Delphi Technologies, Robert Bosch GmbH, Magna International Inc., ZF TRW Automotive Inc., etc.

Regional Analysis

The report examines the growth potential of the AEB market across key regions, including North America, Europe, Asia Pacific, the Middle East & Africa, and South America. Factors influencing regional growth include government regulations, consumer awareness, and vehicle production trends.

Impact of COVID-19 on the Market

While COVID-19 initially disrupted supply chains and vehicle production, the long-term outlook for the AEB market remains positive. The increasing focus on safety features in the aftermath of the pandemic is expected to accelerate AEB adoption in the coming years.

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