Automotive Autonomous Emergency Braking System Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The growing interest of customers towards autonomous emergency braking systems is driving the market. The rising number of road accidents has fuelled this demand. Governments around the world are encouraging these kinds of safety features. Increasing disposable income and changing customer preferences towards fully loaded safety features cars is driving this market growth. The passenger car segment is expected to lead the market during the forecasted period. Research shows that 75% of all the collisions occur at speeds below 25 mph in urban driving environments, and AEB has led to a 38% reduction in rear-end crashes (EURO NCAP). Autonomous vehicle technology with level 4 and level 5 autonomous cars will become a large market worldwide. By 2030, the autonomous vehicle market is expected to reach a value of USD 60 billion. North American region is expected to own up to 30% of the world’s self-driving cars, with China and western Europe holding 24%. All these factors are expected to have a positive contribution towards the automotive autonomous emergency braking system market growth.

Autonomous braking was offered on 51% of the model lines available in the United States. Tesla and Volvo both have AEB as a standard feature on 100% of their vehicles.

Crash imminent braking holds the largest share in this market. It is the most reliable braking system in the market. The crash imminent braking system is mostly integrated into a forward-collision warning system that provides vital information to ECU. This, combines with raising usage of the Disc brake system in cars, is expected to help the market growth during the forecasted period. As we advance, OEMs must be active in achieving the AEB commitment or face the possibility of brand erosion due to being behind in safety advances. In particular, AEB being incorporated into U.S. government safety ratings may alter consumer perception one way or another. However, this was not the case before the pledge as automakers put different importance levels to AEB systems. The entire industry will also need to step up to the vehicle fleet's challenge as AEB is not currently offered as a standard feature. While Asian brands such as Lexus and Subaru are among the leaders in automatic emergency braking, several brands are below the curve. The Korean nameplates, Hyundai and Kia, will need to invest heavily in AEB technology through all body styles.