Automatic or Autonomous Emergency Braking (AEB) Market will exhibit a promising 5.3% CAGR and rise from a valuation of US$10,510.0 mn in 2016 to US$16,730.0 mn by 2025

The global market for automatic or autonomous emergency braking (AEM) features a largely consolidated vendor landscape, with the top four vendors cumulatively holding nearly 70% of the overall revenue of the market in 2016, observes Transparency Market Research in a recent report. The market does not feature monopoly of any leading vendor and the technologically dynamic nature of the market has intensified the level of competition. Companies operating in the market are focused on product innovation and strategic partnerships.

Leading automobile manufacturers such as BMW, Volvo, General Motors, Opel, Nissan, Audi AG, and Volkswagen have partnered with the Israel-based company Mobileye, a world leader in vision-based advanced driver-assistance systems (ADAS). Mobileye, currently in talks with Intel Corporation about a potential acquisition, is developing software for advanced driver assisted system in which automatic or autonomous emergency braking system is an integral feature.

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Transparency Market Research estimates that the global automatic or autonomous emergency braking market will exhibit a promising 5.3% CAGR and rise from a valuation of US$10,510.0 mn in 2016 to US$16,730.0 mn by 2025.

automatic emergency braking market

Europe Accounts for Massive Chunk in Global Revenue

In terms of market attractiveness, the technology segment of dynamic brake support is presently the most attractive segment followed by the crash imminent braking technology. Although the market size of these automatic or autonomous technologies is small, they are growing at a healthy rate and are expected to acquire a larger share in the global market in the next few years. Geographically, the market is dominated by Europe owing to the well-established automotive industry and the high rate of adoption of automatic or autonomous emergency braking technology in most vehicles.

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Mounting Rise in Passenger Vehicle Sales Boosts Demand

The rising global demand for high-end passenger vehicles is anticipated to remain the key driver of the global market for automatic emergency braking systems in the next few years. China is the world’s largest automobile market and sales of passenger vehicles are rising due to tax rebates on small-engine vehicles since October 2015. China plans to extend the tax benefit throughout 2017, which is anticipated to increase the demand for automatic emergency braking technology in the near future.

The vast rise in demand for luxury vehicles across the world is also anticipated to drive the demand for automatic or autonomous emergency braking technology in the next few years. Leading automotive brands such as BMW, Mercedes, and Lexus are launching new luxury car brands to cater to the rising global population of high net worth individuals, boosting the demand technologically advanced automatic or autonomous emergency braking systems. In the U.S. Low fuel prices, low interest rates and rising employment generation have increased the sales of cars and trucks thus significantly upping the demand for emergency braking systems.

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