Automatic Emergency Braking (AEB) Market: Competitive Analysis, Market Trends and Forecast to 2031
The Global Automatic Emergency Braking (AEB) market is expected to grow annually by 8.6% (CAGR 2024 - 2031). The Global Market Overview of "Automatic Emergency Braking (AEB) Market" provides a special perspective on the major patterns influencing the market in the biggest markets as well as globally from 2024 to 2031 year.
Introduction to Automatic Emergency Braking (AEB) Market Insights
The Automatic Emergency Braking (AEB) market is experiencing rapid growth, projected to expand at a CAGR of % in the coming years. To gather valuable insights in this evolving landscape, futuristic approaches leveraging advanced technologies like Artificial Intelligence and Big Data analytics are being implemented. These tools enable real-time data collection, analysis, and trend prediction, offering a deeper understanding of consumer preferences, market dynamics, and competitive landscape. The potential impact of these insights is tremendous in shaping future market trends, facilitating informed decision-making, product development, and strategic planning for industry players. By harnessing the power of cutting-edge technologies, businesses can stay ahead of the curve, capitalize on emerging opportunities, and drive innovation in the Automatic Emergency Braking sector.
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Market Trends Shaping the Automatic Emergency Braking (AEB) Market Dynamics
1. Integration with other safety systems: AEB is becoming more integrated with other advanced safety systems like Lane Departure Warning, Adaptive Cruise Control, and Blind Spot Detection to create a comprehensive safety suite in vehicles.
2. Rising demand for autonomous vehicles: As autonomous vehicles become more prevalent, AEB is becoming a standard feature to enhance overall system effectiveness and improve collision avoidance capabilities.
3. Strict safety regulations: Governments worldwide are mandating the inclusion of AEB in new vehicles to reduce road accidents and fatalities, driving market growth.
4. Growing awareness of safety benefits: Consumers are increasingly knowledgeable about the safety benefits of AEB, leading to higher demand for this technology in new vehicles.
5. Technological advancements: Ongoing developments in sensor technology, AI, and machine learning are leading to more accurate and reliable AEB systems, further driving market growth.
Market Segmentation:
This Automatic Emergency Braking (AEB) Market is further classified into Overview, Deployment, Application, and Region.
In terms of Components, Automatic Emergency Braking (AEB) Market is segmented into:
- Bosch
- Continental
- Denso
- Delphi
- Magna International
- Autoliv
- Volvo
- Tesla Inc
- Daimler AG
- ZF TRW
- WABCO
- Toyota Motor
- Audi AG
- BMW Group
- Honda Motor
- Jaguar Land Rover (JLR) Automotive
- Volkswagen Group
- Ford Motor
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The Automatic Emergency Braking (AEB) Market Analysis by types is segmented into:
- Forward Collision Warning
- Dynamic Brake Support
- Crash Imminent Braking
The Automatic Emergency Braking (AEB) Market Industry Research by Application is segmented into:
- Passenger Vehicles
- Commercial Vehicles
In terms of Region, the Automatic Emergency Braking (AEB) Market Players available by Region are:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
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Automatic Emergency Braking (AEB) Market Expansion Tactics and Growth Forecasts
Innovative market expansion tactics for Automatic Emergency Braking (AEB) systems could include cross-industry collaborations with auto manufacturers, insurance companies, and technology providers to create more integrated and advanced safety features. Ecosystem partnerships with urban planning agencies and government bodies could also help promote the adoption of AEB systems in cities and highways.
Disruptive product launches, such as incorporating artificial intelligence and machine learning technologies for more efficient and accurate AEB responses, could further drive market growth. Additionally, introducing AEB systems in new vehicle segments like motorcycles and commercial trucks could open up new opportunities for expansion.
With these strategies in place, the Automatic Emergency Braking market is expected to witness significant growth in the coming years. According to industry trends, the global AEB market is projected to grow at a CAGR of over 20% between 2021-2026, reaching a market size of over $8 billion by the end of the forecast period.
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Competitive Landscape
One of the key players in the competitive Automatic Emergency Braking (AEB) market is Bosch, a German multinational engineering and technology company. Bosch has a long and successful history in the automotive industry, with a strong focus on innovative safety technologies. The company has been a leading provider of AEB systems, incorporating sensors and automated braking systems to prevent collisions.
Another major player in the AEB market is Continental, a German automotive manufacturing company. Continental has a strong presence in the global market for advanced driver assistance systems, including AEB technology. The company has a reputation for high-quality products and cutting-edge technology, making it a key player in the AEB market.
Autoliv, a Swedish-American company specializing in automotive safety systems, has also made significant contributions to the AEB market. Autoliv has a strong track record in developing and manufacturing safety technologies for vehicles, including AEB systems. The company's commitment to safety and innovation has helped it secure a leading position in the AEB market.
In terms of market size and revenue, Bosch has reported sales of over €77 billion in 2020, while Continental's sales revenue was over €37 billion for the same year. Autoliv reported sales revenue of over $ billion in 2020. These figures reflect the significant market presence and financial strength of these companies in the AEB market.
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