According to a new report, published by KBV research, The Global Autonomous Emergency Braking (AEB) Market size is expected to reach $80.3 billion by 2030, rising at a market growth of 13.4% CAGR during the forecast period.
The Crash Imminent Braking segment is experiencing a CAGR of 13.9% during (2023 - 2030). As consumers emphasize collision avoidance features and vehicle safety technology advances, demand for crash imminent braking is also rising. Systems for crash imminent braking, sometimes referred to as pre-crash braking or forward collision warning with automatic emergency braking, are intended to detect a possible collision and automatically apply the brakes to mitigate or prevent it.
The Low Speed segment is leading the Global Autonomous Emergency Braking (AEB) Market by System in 2022; thereby, achieving a market value of $51.6 billion by 2030. There is a rising demand for low-speed systems due to their efficiency in avoiding crashes and lessening the severity of accidents in low-speed conditions. Advanced emergency braking systems have been on the rise. AEB devices that work at low speeds are helpful for parking and managing restricted situations. These systems can automatically apply the brakes during low-speed maneuvers to avoid collisions when they identify objects like walls, other vehicles, or pedestrians.
The Commercial Vehicles segment is showcasing a CAGR of 14.1% during (2023 - 2030). Governments and regulatory agencies have put into effect Commercial vehicle safety laws. These laws frequently stress the value of cutting-edge safety technologies, such as braking systems. As commercial vehicle operators have to abide by these rules, there is a greater demand for commercial vehicles having AEB systems.
The North America region dominated the Global Autonomous Emergency Braking (AEB) Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $25.6 billion by 2030. The Europe region is anticipated to grow at a CAGR of 13.1% during (2023 - 2030). Additionally, The Asia Pacific region would showcase a CAGR of 14.3% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/autonomous-emergency-braking-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, Hyundai Mobis Co., Ltd. (Hyundai Motor), Aisin Corporation (Toyota Motor Corporation), Hitachi, Ltd.(Hitachi Astemo, Ltd.), Valeo SA, HL Mando Corporation, Netradyne, Inc., and Aptiv PLC
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