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Published Date: 2017-06-14Number of Pages: 131

Automatic or Autonomous Emergency Braking (AEB) Market (Technology - Forward Collision Warning, Dynamic Brake Support, and Crash Imminent Braking; Vehicle Type - Passenger Vehicles, and Commercial Vehicles) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Automatic or Autonomous Emergency Braking (AEB) Market: Snapshot

Automatic or autonomous emergency braking technology is a special type of braking technology used currently in automobiles. Braking system in an automobile helps to brake the vehicle to prevent collision. Automatic or autonomous emergency braking as the name implies helps to brake the vehicle by increasing the braking force or automatically brakes to prevent a rear-end and other collision. Rising demand for passenger vehicles and luxury vehicles across the globe and the rising adoption of advanced driver assisted systems are anticipated to increase the demand for automatic or autonomous emergency braking systems across the globe in the next few years.

Transparency Market Research estimates that the global automatic or autonomous emergency braking market, valued in terms of revenue at US$10,510.0 mn in 2016, will reach US$16,730.0 mn by 2025, at a CAGR of 5.3% from 2017 to 2025.

automatic emergency braking market

 

Crashing Imminent Braking Technology to Witness Most Promising Rise in Demand

In terms of technology, the global automatic or autonomous emergency braking market has been segmented in the report into forward collision warning systems, dynamic brake support systems, and crash imminent braking. Of these, the segment of forward collision warning systems is presently the most preferred automatic or autonomous emergency braking technology. The segment accounted for a massive 44.6% of the overall market in 2016 and is expected to remain the leading contributor of revenue to the global market throughout the report’s forecast period. The segment is, however, envisaged to lose massively in terms of share in the global market by the end of the forecast period.

The segments of dynamic brake support and crash imminent braking are expected to register massive rise in market share and expand at promising paces from 2017 to 2025. In terms of growth rate, the segment of crashing imminent braking technology is expected to lead with a 6.3% CAGR from 2017 to 2025.

In terms of geography the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Europe and North America to Remain Leading Regional Markets

Of these, Europe is presently the leading regional market for automatic or autonomous emergency braking systems, thanks to the mammoth automotive industry and presence of some of the world’s leading car manufacturers. Euro NCAP (The European New Car Assessment Programme) has already started rating cars and trucks based on automatic or autonomous emergency braking feature, with the inclusion of emergency braking system a must for getting the highest rating. Germany is the dominant emergency braking market in Europe, featuring the region’s largest automotive market and one of the highest penetration of luxury vehicles, followed by the U.K. Europe is expected to remain at the forefront of the global automatic or autonomous emergency braking market over the report’s forecast period as well.

In the near future, the market in North America is expected to lead in terms of rate of growth. Institute for Highway Safety (IIHS) and the National Highway Traffic Safety Administration (NHTSA) have compelled leading automotive companies to commit to the inclusion of  automatic or autonomous emergency braking systems in all new cars by 2022 and all new trucks by 2025. In the U.S., which is the dominant automotive market in North America, the adoption of this technology is presently low. However, with the voluntary commitments from automakers, the adoption is anticipated to rise significantly.

Some of the leading players operating in the global automatic or autonomous emergency braking market are Volvo Car Corporation (Sweden), Tesla Inc. (the U.S), Ford Motor Company (The U.S), Daimler AG (Germany), Audi AG (Germany), BMW Group (Germany), Volkswagen Group (Germany), Toyota Motor Corporation (Japan), Honda Motor Company Ltd (Japan), and Jaguar Land Rover Automotive Plc. (the U.K).

Automatic or Autonomous Emergency Braking (AEB) Market: Overview

The brake is the most essential safety equipment in a vehicle. Automatic or autonomous emergency braking system helps to improve safety of vehicles by improving the vehicle’s braking power. In terms of product life cycle this braking technology is in its introduction stage and moving towards the growth stage.

National Highway Traffic Safety Administration (NHTSA) which is part of the U.S Department of Transportation and non-profit organization, Insurance Institute of Highway Safety (IIHS), announced a voluntary commitment from major automotive manufacturers in the U.S to install automatic or autonomous emergency braking system in new cars by 2022 and new trucks by 2025. This is expected to drive the automatic or autonomous emergency braking market in North American region. Currently automatic or autonomous emergency braking technology penetration in the U.S is low. NHTSA plans to start a safety rating system of vehicles with higher rating for vehicles with are installed with automatic or autonomous emergency braking technology. Europe has a higher adoption of automatic or autonomous emergency braking system technology adoption. Euro NCAP (New Car Assessment Programme) has already started safety rating of vehicles where AEB installed vehicles are rated higher. 

Rising demand of vehicles across the world is anticipated to increase the market size of automatic or autonomous emergency braking market. Vehicles sales are increasing in North America, Europe and Asia Pacific which is anticipated to drive the automatic or autonomous emergency braking system market.

Automatic or Autonomous Emergency Braking (AEB) Market: Segmentation

By technology the AEB market is segmented into forward collision warning, dynamic brake support and crash imminent braking. Forward collision warning (FCW) was the first automatic or autonomous emergency braking technology available in the market. This technology provides audio and visual warning to alert the driver if it senses possibility of a collision. It does actually help in braking. Dynamic brake support (DBS) and crash imminent braking are current emergency braking technologies. Like FCW, dynamic brake support technology provides audio and visual warning to alert the driver if it senses a collision. The driver brakes but the braking force is not sufficient to prevent the collision then dynamic brake support system provides additional braking force along with driver’s own braking force to mitigate or prevent collision. Similar to FCW and DBS, crash imminent braking also provides audio and visual warning to alert the driver if it senses collision with nearby vehicles. If the driver does not apply brakes at all to prevent the collision, crash imminent braking provides full braking force automatically to mitigate or prevent collision.  The market size for automatic or autonomous emergency braking is provided in terms of revenue which is in US$ million and compound annual growth rate (CAGR) is forecasted for the period of 2017 till 2025. 

Automatic or Autonomous Emergency Braking (AEB) Market: Scope of the Report

The report provides analysis of different drivers that are impacting the global automatic or autonomous emergency braking market along with restrains and opportunities as per the scope of the report. For each segment (such as technology and vehicle type) market analysis is provided. Additionally taking into consideration all the drivers an extensive geographical growth analysis is provided for the forecasted period has been provided in the report.

The major players in the market has been profiled across five broad geographical regions. The profile include business strategies adopted these players in the automatic or autonomous emergency braking market. Further, the report includes market attractiveness analysis of three different emergency braking technologies and insights into the market.

The major players operating in the automatic or autonomous emergency braking market are Volvo Car Corporation (Sweden), Tesla Inc. (the U.S), Ford Motor Company (The U.S), Daimler AG (Germany), Audi AG (Germany), BMW Group (Germany), Volkswagen Group (Germany), Toyota Motor Corporation (Japan), Honda Motor Company Ltd (Japan) and Jaguar Land Rover Automotive Plc. (the U.K).  

Automatic or Autonomous Emergency Braking (AEB) market has been segmented as follows:

Global AEB Market by Technology

  • Forward Collision Warning
  • Dynamic Brake Support
  • Crash Imminent Braking

Global AEB Market by Vehicle Type

  • Passenger Vehicles
  • Commercial Vehicles

Global AEB Market by Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Middle East and Africa (MEA)
    • Iran
    • South Africa
    • Rest of MEA
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America


 
 
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