Autonomous Emergency Braking (AEB) System Market - Growth, Trends, and Forecast (2020 - 2025)
The report "Autonomous
Emergency Braking (AEB) System Market by Key Technology (Camera,
Fusion, LiDAR, and Radar), Vehicle Type, Operating Speed, Application, Level of
Automation Driving, Component (Actuators, Audible Buzzers) and Region - Global
Forecast to 2025", The autonomous emergency braking (AEB) system market
is projected to grow and reach USD 55.31 Billion by 2025, growing at a CAGR of
22.23% from 2020 to 2025. Government mandates in European countries and the US
and rising safety concerns shall be the major drivers for the growth of this
market.
The Passenger Vehicle (PV) segment is projected to hold
the largest share in terms of value for autonomous emergency braking system
market by vehicle type
For autonomous emergency braking (AEB) system by vehicle
type, Passenger Vehicles (PV) segment is projected to lead the market in terms
of value. The primary reason being more concern related to safety among
passenger vehicle users compared with commercial vehicle users.Higher volume of
passenger vehicles compared with commercial vehicles also acts as a factor to
increase the share of autonomous emergency braking (AEB) systems in passenger
vehicles segment.
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High Speed-Inter Urban AEB systems are projected to be
the fastest growing segment of autonomous emergency braking (AEB) system
market, by operating speed
High Speed-Inter Urban AEB systems are those systems that
generally operate at higher speeds and across Inter-Urban road conditions. In
coming years, it is projected that the off-roading activities per consumer and
number of sports-utility vehicles (SUV) shall rise across the globe. It is also
being predicted that the overall number of vehicles operating in Inter-Urban
road conditions shall grow. These factors positively impact the growth of High
Speed-Inter Urban AEB systems.
Asian region is projected to hold the largest share in
autonomous emergency braking (AEB) system market
Asian region comprises countries such as China, India, South
Korea, Japan, and others. This region is diverse and comprises a combination of
both developed economies such as South Korea and Japan and developing economies
like India and China. China is the manufacturing hub of automobiles across the
globe due to its cheap labor costs and availability of skilled labor. This
region is expected to hold around 50% of passenger vehicle production across
the globe. Thus, tremendous production volume and higher penetration of AEB
systems in countries such as Japan and South Korea are expected to contribute
towards growth of autonomous emergency braking (AEB) system market in Asia.
This report covers some of the leading players in autonomous
emergency braking (AEB) system market such as Continental AG (Germany), Denso
Corporation (Japan), Valeo S.A. (France), Knorr-Bremse (Germany), Analog
Devices (US) and others.
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Target Audience
- Autonomous
emergency braking (AEB) system manufacturers
- Distributors
and suppliers of autonomous emergency braking systems
- Automotive
braking system component manufacturers
- Automotive
OEMs
- Industry
associations and experts
- Lidar
and radar sensor manufacturers and suppliers
To speak to our
analyst for a discussion on the above findings, click Speak
to Analyst
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