Market Size of Automotive Autonomous Emergency Braking System Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 30.87 Billion |
| Market Size (2029) | USD 73.66 Billion |
| CAGR (2024 - 2029) | 19.00 % |
| Fastest Growing Market | Europe |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Automotive Autonomous Emergency Braking System Market Analysis
The Automotive Autonomous Emergency Braking System Market size is estimated at USD 30.87 billion in 2024, and is expected to reach USD 73.66 billion by 2029, growing at a CAGR of 19% during the forecast period (2024-2029).
Over the medium term, increasing awareness about safety among consumers and authorities has led to significant developments in the automotive automated emergency brake system, resulting in improved security and reduced accidents on the road. With further technological advancements, the market is expected to see even safer and more reliable brake systems.
Factors such as individual vehicle manufacturers incorporating advanced braking systems in their vehicles to improve braking efficiency and industry players offering a wide range of products are further expected to drive market growth during the forecast period.
Annually, around 1.25 million people are killed in road accidents, with the highest numbers being registered in developing countries. Many governments worldwide have started imposing stringent regulations to curb the rising number of road accidents.
Major OEMs have started increasingly investing in R&D efforts to develop advanced technologies. Increasing concerns regarding vehicle safety, the growing adoption of advanced braking systems, the emergence of advanced AI-powered systems, and an increase in government vehicle safety norms, combined with a rise in vehicle production worldwide, are expected to propel the automotive autonomous emergency braking system market during the forecast period.
Many original equipment manufacturers are equipping AEB systems in most of their medium and luxury car ranges. This is resulting in the increasing production of autonomous vehicles. During the forecast period, the production of such vehicles is expected to record a CAGR of over 21%.
