Autonomous Emergency Braking (AEB) System Market is driven by Increased Consumer Spending Power

According to the market research report autonomous emergency braking (AEB) system marke 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 Government mandates in European countries and US and rising safety concerns are the major reasons for the growth of this market. Increased consumer spending power across developing economies also contributes towards the growth of autonomous emergency braking (AEB) system market.

The autonomous emergency braking (AEB) system market is projected to reach USD 55.31 billion by 2025, at a CAGR of 22.23% from 2020 to 2025.

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New product launch has been the most important strategy that is adopted by prominent players to sustain and gain share in autonomous emergency braking (AEB) system market. Robert Bosch GmbH had launched a single-sensor solution, which increases the affordability of driver assist features such as autonomous emergency braking. Players such as Continental AG (Germany), Denso Corporation (Japan), and ZF Friedrichshafen (Germany) are also coming up with advanced products to maximize vehicle safety performance through autonomous emergency braking (AEB) systems.

The autonomous emergency braking (AEB) system manufacturers are taking much efforts to increase the efficiency and reliability of these systems. The vehicles fitted with AEB systems are being crash tested on regular basis to evaluate the performance of these systems. Autonomous emergency braking (AEB) systems are being developed to operate at higher vehicle speeds and to reduce the time involved in object detection and automatic braking. Some of the leading players such as Robert Bosch GmbH (Germany), Continental AG (Germany), Denso Corporation (Japan), and ZF Friedrichshafen AG (Germany) have established their presence in this region.

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The Low Speed-City AEB systems are expected to lead the autonomous emergency braking (AEB) system market, in terms of value, by operating speed. The primary reason for growth of this market are that majority of vehicle accidents take place at a lower operating speed and may cause medium to high level of injury. Also, the number of vehicles being used across city-like road conditions is higher compared with the number of vehicles being used in inter-urban road conditions. Volvo Corporation (Sweden) is providing Volvo’s City Safety system which is a Low-Speed City AEB system

Continental AG (Germany), Valeo S.A. (France), Autoliv, Inc. (Sweden), Infineon Technologies AG (Germany), Knorr-Bremse AG (Germany) are some of the leading players in AEB system market. Continental AG has a widespread network of manufacturing facilities spread across the globe and strong technological capabilities leading towards a wide range of diversified product portfolio.

Denso Corporation (Japan) is one of the leading players in autonomous emergency braking (AEB) system market. The organization’s automotive business units comprise powertrain control, thermal business unit, information and safety systems, electronics, motors and others. New product launches and expansions are the key strategies adopted by Denso Corporation. For example, in 2016, the company developed a small stereo vision sensor, which is world’s smallest automotive vision sensor and it shall help in contributing towards safety of compact vehicles. This is currently being used in a crash avoidance system called Smart Assist III designed for Daihatsu Tanto.

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