Global Autonomous Emergency Braking (AEB) System Market to Reach US$104.6 Billion by 2030

The global market for Autonomous Emergency Braking (AEB) System estimated at US$29.6 Billion in the year 2023, is expected to reach US$104.6 Billion by 2030, growing at a CAGR of 19.8% over the analysis period 2023-2030. Camera, one of the segments analyzed in the report, is expected to record a 18.5% CAGR and reach US$38.9 Billion by the end of the analysis period. Growth in the LiDAR segment is estimated at 21.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$7.9 Billion While China is Forecast to Grow at 18.8% CAGR

The Autonomous Emergency Braking (AEB) System market in the U.S. is estimated at US$7.9 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$16.0 Billion by the year 2030 trailing a CAGR of 18.8% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 17.5% and 16.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 13.3% CAGR.

Global Autonomous Emergency Braking (AEB) System Market - Key Trends and Drivers Summarized

How Is Autonomous Emergency Braking (AEB) Redefining Vehicle Safety?

Autonomous Emergency Braking (AEB) systems are increasingly becoming a cornerstone of vehicle safety, offering a crucial layer of protection by automatically applying the brakes when a potential collision is detected. These systems utilize a combination of sensors, radar, cameras, and sophisticated algorithms to monitor the road ahead and assess the likelihood of an accident. If the system determines that a collision is imminent and the driver has not reacted in time, it autonomously engages the brakes to either prevent the crash entirely or mitigate its severity. This technology is particularly effective in urban environments, where sudden stops are common due to pedestrian crossings or congested traffic. As a result, AEB is not just a feature of high-end luxury vehicles but is increasingly being incorporated into mid-range and even entry-level models, reflecting the growing emphasis on safety across the automotive industry.

What Technological Advancements Are Driving AEB System Innovation?

The evolution of Autonomous Emergency Braking systems is closely tied to advancements in sensor technology and artificial intelligence. Modern AEB systems are equipped with an array of sensors, including radar, lidar, ultrasonic sensors, and high-definition cameras, which work together to create a detailed, real-time image of the vehicle’s surroundings. These sensors are becoming more sophisticated, enabling AEB systems to detect a wider range of obstacles, including pedestrians, cyclists, and animals, even in low-light or adverse weather conditions. Additionally, the integration of AI and machine learning algorithms allows these systems to better interpret sensor data, making split-second decisions that can mean the difference between a near miss and a serious accident. The continuous refinement of these technologies is leading to more reliable and efficient AEB systems, which are capable of operating at higher speeds and in more complex driving scenarios.

How Are Regulatory Trends Shaping the Adoption of AEB Systems?

The growing adoption of Autonomous Emergency Braking systems is being significantly influenced by regulatory trends worldwide. In many regions, AEB is either already mandated or is expected to become mandatory for new vehicles within the next few years. For instance, the European Union has made AEB a requirement for all new cars from 2022 onwards, while similar regulations are being discussed in the United States and other markets. These regulations are not only driving the integration of AEB into new vehicles but are also encouraging automakers to develop more advanced and reliable systems to meet stringent safety standards. Moreover, insurance companies are beginning to offer discounts for vehicles equipped with AEB, recognizing the system’s potential to reduce accident rates and, consequently, insurance claims. As regulatory pressures increase, the pace of AEB adoption is expected to accelerate, further embedding this technology as a standard safety feature in the automotive industry.

What Factors Are Driving Growth in the Autonomous Emergency Braking (AEB) System Market?

The growth in the Autonomous Emergency Braking (AEB) system market is driven by several factors, including advancements in sensor technology, the increasing implementation of stringent safety regulations, and growing consumer awareness of vehicle safety features. Technological advancements, particularly in radar and camera systems, are enabling the development of more accurate and reliable AEB systems, which in turn is driving adoption across all vehicle segments. The global push for improved road safety, underscored by government regulations mandating AEB in new vehicles, is a major growth driver, compelling automakers to integrate this technology to meet compliance standards. Additionally, consumer behavior is shifting towards a preference for vehicles equipped with advanced safety features, as awareness of AEB’s benefits in preventing accidents and saving lives increases. The proliferation of autonomous and semi-autonomous vehicles is also spurring demand for sophisticated AEB systems, as these vehicles rely heavily on advanced safety technologies to operate effectively. Together, these factors are fueling rapid growth in the AEB system market, making it a pivotal area of innovation and development within the automotive industry.