Automatic Emergency Braking Market Size

Automatic Emergency Braking Market Size

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.

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.