Autonomous emergency braking predicted to grow by 22 per cent by 2025

MarketsandMarkets’ latest research report estimates that the marker for autonomous emergency braking (AEB) systems is projected to grow and reach US$55.31 billion by 2025, growing at a CAGR of 22.23% from 2020 to 2025. Government mandates in European countries and the US and rising safety concerns shall be the major drivers for the growth of this market. By vehicle type, the passenger vehicle segment is projected to lead the AEB market in terms of value
September 22, 2017 Read time: 2 mins

6418 MarketsandMarkets’ latest research report estimates that the marker for autonomous emergency braking (AEB) systems is projected to grow and reach US$55.31 billion by 2025, growing at a CAGR of 22.23% from 2020 to 2025. Government mandates in European countries and the US and rising safety concerns shall be the major drivers for the growth of this market.

By vehicle type, the passenger vehicle segment is projected to lead the AEB market in terms of value, the primary reason being greater concern about safety amongst passenger vehicle users compared with commercial vehicle users. The higher volume of passenger vehicles compared with commercial vehicles also acts as a factor to increase the share of autonomous emergency braking (AEB) systems in the segment.

High speed inter-urban AEB systems are those systems that generally operate at higher speeds and across inter-urban road conditions. In coming years, the report predicts that off-road activities per consumer and number of sports-utility vehicles (SUV) will rise globally. It also projects that the overall number of vehicles operating in inter-urban road conditions will grow.

The Asian region is expected to hold around 50 per cent of global passenger vehicle production and high production volume and higher penetration of AEB systems in countries such as Japan and South Korea are expected to contribute towards growth of AEB systems in Asia.

Location Based Systems

For more information on companies in this article

Related Content

  • Commercial vehicle telematics market ‘to reach US$11.2 billion in 2014’
    January 20, 2014
    A new report from business information specialist Visiongain has assessed that the value of the global commercial vehicle telematics market will reach US$11.2 billion in 2014. Growth in this market is mainly driven by three factors. Firstly, increasing fuel prices accompanied by strong price competition in logistics create downward pressure on the profit margins of transportation companies and fleet operators and drive them to adopt telematics to sustain profitability and gain competitive advantage. S
    Read More
  • Predicting the future for video camera systems
    March 12, 2012
    Jo Versavel, Managing Director of Traficon, talks about near-term trends in video camera systems. Jo Versavel starts by making one thing clear: long-term forecasts as to what the future holds for video-based traffic monitoring are to all intents and purposes meaningless. The state of the art is developing so fast that in reality it's impossible to say where we'll be in 10 years' time, says the Managing Director of Traficon. In his opinion making firm predictions even five years out is too ambitious, whereas
    Read More
  • By 2018, ASEAN will be 6th largest automotive market in the world
    August 24, 2012
    The ASEAN region is set to become the 6th biggest automotive market globally by 2018 with vehicle sales almost doubling to nearly 4.7 million units as compared to 2.4 million in 2011, according to new analysis from Frost & Sullivan. Entitled CEO 360 Degree Perspective of the Automotive Industry in ASEAN, (covering four key automotive markets in ASEAN - Indonesia, Malaysia, Thailand and Vietnam) the study finds that the market is likely to grow at a compound annual growth rate (CAGR) of 10.1 per cent (2011-2
    Read More
  • User based insurance is helping good drivers and identifying the bad ones
    November 28, 2013
    Thomas Hallauer gives an overview of Usage Based Insurance (UBI), an industry that is putting telematic devices into more vehicles than fleet management ever did. The insurance market is going through a transformation phase never seen before. Insurers have not only started to track individual cars for Usage Based Insurance (UBI), they are also using the technology to enhance consumer services as more drivers join up to these schemes. Progressive Insurance in the US has 1.4 million customers signed up to
    Read More

Highlighted Content