AEB System Market to Reach $55B by 2025
Dec. 11, 2017—The global Autonomous Emergency Braking (AEB) system market is projected to be worth $55.31 Billion by 2025, growing at a CAGR of 22.23 percent from 2020 to 2025.
The rising number of accidents, growing safety concerns and increasing government mandates regarding vehicle safety and security shall be the major factor for growth of the AEB system market.
Passenger Vehicles (PV) are projected to lead the market of AEB systems by vehicle type. Higher safety concerns among passenger car users and larger volume of passenger vehicles versus commercial vehicles have led to this growth.
Low Speed-City AEB systems shall lead the AEB system market by operating speed. This can mainly be attributed to the high vehicle density and accidents in city-like road conditions compared with those in inter-urban road conditions.
The Forward Emergency Braking AEB system segment is projected to contain the highest share of AEB systems on the basis of application for 2025.
A majority of vehicle crashes take place in a forward direction. In fact, the vehicle speed while moving in a forward direction and intensity of crash is higher.
The semi-autonomous passenger cars segment is expected to have the largest share in the AEB system market by the level of automation driving. Higher volume of semi-autonomous passenger cars compared to autonomous passenger cars shall be the driver for the growth of this segment.