Automatic Emergency Braking Market Size By Brake (Disc, Drum), By Vehicle (ICE [Passenger Cars, LCV, HCV], Electric & Hybrid Vehicle), By Technology (Crash Imminent Braking, Dynamic Brake Support, Forward Collision Warning), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024

Published Date: Dec 2018  |  Report ID: GMI1171  |  Authors: Ankita Bhutani

Report Format: PDF   |   Pages: 265   |   Base Year: 2017




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Automatic Emergency Braking (AEB) Market size exceeded USD 6.5 billion in 2017 and is estimated to exhibit 14.5% CAGR through 2024. Countries are taking initiatives to increase awareness regarding crash car safety thereby driving the industry growth.
 

Rising passenger car sales will contribute significantly towards market expansion. Major automobile manufacturers are equipping crash avoidance technology in medium and luxury car segments. Moreover, electric & hybrid car manufacturers including Tesla are providing crash avoidance technology as standard in majority of vehicles, thereby influencing the market revenue.
 

Automatic Emergency Braking Market

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Proliferating autonomous vehicles demand coupled with growing concerns for driver and passenger safety is expected to boost the automatic emergency braking market growth. Vehicle owners are transitioning toward advanced features such as adaptive cruise control, lane departure warning, forward collision warning with automatic emergency braking, and blind spot detection system.
 

Lack of supporting infrastructure and higher costs associated with the incorporation and maintenance of these systems may restrict the market. However, absence of appropriate frequency band for operating such electronic systems may hamper the system performance. Governments are implementing new policies for offering low frequency brands to be used for automotive purposes.
 

Market Analysis, By Brake

The disk brake segment accounted for over 65% of the volume share in 2017 due to increasing AEB installation in commercial and passenger vehicles. Additionally, government organizations such as the NHTSA are reducing the minimum braking distance requirements, that positively influences the product demand. Advantages associated with system including prolonged durability, lower noise & warping, along with superior thermal conductivity will further propel the industry statistics.
 

Drum brakes segment is predicted to register growth rate of around 17% till 2024. Lower component cost and minimum maintenance requirements are spurring the segment growth. Moreover, increasing applicability of these brakes across multiple budget hatchbacks is anticipated to fuel the automatic emergency braking market expansion.
 

Market Analysis, By Vehicle

ICE vehicles are projected to grow at more than 17% CAGR through 2024 led by benefits offered such as improved vehicle efficiency and reliable operation over a longer duration. Increasing construction and commercial activities globally will augment the HCV emergency braking industry demand. AEB market participants are continuously investing in R&D for introducing technologically advanced HCVs.
 

Hybrid & electric vehicle segment generated nearly USD 300 million revenue in 2017. Regulations associated with the sales of such vehicles is supporting the market statistics.
 

Market Analysis, By Technology

The crash imminent braking segment will pose above 16.5% gains till 2024. Increasing usage of crash imminent braking systems to avoid rear-end-collision will enhance the automatic emergency braking market share. The incorporation of forward-looking sensors coupled with forward collision warning system alerts will drive the industry proliferation.
 

Dynamic emergency braking market captured about 20% of the revenue share in 2017. The increasing adoption of these systems in the event of a potential collision is likely to propel the segment growth. Furthermore, the reduced wear and tear to the tires and brake pads owing to uniform brake application is accelerating the industry expansion.
 

Forwards collision warning systems will hold for a considerable share in the forecast timeframe. The rising incorporation of the technology by major automobile manufacturers across their product portfolio is boosting the industry share.
 

Regional Insights

Presence of major market players including BMW, Volkswagen, Mercedes, Volvo offering innovative AEB solutions in their product line-up will fuel the European automatic emergency braking market demand. Vehicle safety regulating organizations including Euro NCAP are promoting the development and mandatory deployment of AEB systems in vehicles to safeguard occupants and non-occupants, providing a positive market outlook.
 

North America holds prominent share on account of increasing stringent regulations for vehicle safety. Automakers are equipping their previous vehicle models having appropriate hardware with collision avoidance systems.
 

Competitive Market Share

The major companies operating in the automatic emergency braking market include Autoliv Inc., Continental AG, Delphi Technologies, Robert Bosch GmbH, Mercedes Benz, AB Volvo, Volkswagen AG, Siemens, Mitsubishi Corporation, BMW, Ford Motor Company, and General Motors. Other notable players include Mazda Motor Corporation, Honda Motor Company, Groupe PSA, Hyundai Motor Corporation, Toyota Motor Corporation, Magna International Inc., Mobileye, ZF TRW Automotive Inc, Tesla, and Audi.
 

AEB market players are engaged in joint ventures and partnerships with automobile OEMs for innovating their products and increase their market share.
 

This market research report on automatic emergency braking (AEB) includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand units and revenue in USD million from 2013 to 2024, for the following segments:

Market, By Brake

  • Disc
  • Drum

Market, By Vehicle

  • ICE
    • Passenger Cars
    • LCV
    • HCV
  • Electric & hybrid vehicle

Market, By Technology

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

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Thailand
    • Indonesia
  • Latin America
    • Mexico
    • Brazil
    • Argentina
  • Middle East & Africa
    • Turkey
    • Iran
    • South Africa

 

Frequently Asked Questions (FAQ) :

The industry share of automatic emergency braking is projected to expand at 14.5% CAGR during 2017 to 2024.
The crash imminent braking segment will pose a CAGR of 16.5% till 2024 led by increasing usage of crash imminent braking systems to avoid rear-end-collision.
Drum brakes will witness significant gains at over 17% through 2024 due to lower component cost and minimum maintenance requirements.
The major players include Autoliv Inc., Continental AG, Delphi Technologies, Robert Bosch GmbH, Mercedes Benz, AB Volvo, Volkswagen AG, Siemens, Mitsubishi Corporation, BMW, Ford Motor Company, and General Motors.
Vehicle safety regulating organizations including Euro NCAP are promoting the development and mandatory deployment of AEB systems in vehicles to safeguard occupants and non-occupants, providing a positive outlook for the industry expansion in Europe.

Premium Report Details

  • Published Date: Dec 2018
  • Pages: 265
  • Tables: 387
  • Charts / Figures: 15
  • Companies covered: 22
  • Countries covered: 20

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