26th December 2019 – Global Automatic
Emergency Braking (AEB) Market is estimated to grow significantly in
the years to come owing to the increasing need for security from consumers and
rising government initiatives worldwide. Automatic emergency braking (AEB) is
an autonomous vehicle safety, which uses sensors to monitor the proximity of
passing vehicles. It detects the probable accidental situations and raises an
alarm prior to the collision.
In such cases, emergency brakes are
applied to avoid the accidents or to lessen the effects. Most automobile
drivers apply delayed brakes which causes road mishaps. The reason behind these
accidents may be due to inattentiveness, sleepiness, distraction, lack of
visibility, lack of concentration, time of the day, sudden medical emergency or
weather conditions. Automatic emergency braking systems are designed to avoid
these instances and support the driver throughout the journey.
In case the driver fails to slam the
brakes, the automatic emergency braking system will automatically apply brakes
with different levels of force with the help of smart algorithm for speed,
momentum, trajectory, and others to lessen the impact or avoid the collision.
Increasing awareness concerning pedestrian and passenger safety along with
government mandates to connect safety related tools in the automobile are the
key factors boosting automatic emergency braking industry.
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Emphasis of OEMs is to safeguard the
passengers and driver inside vehicle due to which the technologies were
progressed in combination to AEB system. For example, the anti-locking braking
system and seat belts were introduced to protect the people inside vehicle.
Hence, OEMs manufacture vehicle design to install the tools required for AEB
system. Despite less adoption of vehicles in the past years, most manufacturers
have started installing AEB systems as a standard feature in few models.
Initially, AEB systems were installed
only for the luxury automobiles. Due to the high initial costs associated with
research & development for these systems, ORMs are emphasizing to install
these tools only in high-end automobiles to balance the development cost.
Additionally, the hardware infrastructure can be enhanced in future to offer
more safety, which will fuel the automatic emergency braking market.
However, automatic emergency braking
(AEB) industry is restrained by lack of penetration in emerging economies
despite of high spending power among consumers. Unreliable performance and high
costs associated with these technologies in few countries are hampering the
growth of the market.
AEB market is categorized on the basis
of vehicle type, technology, operating speed, application, level of automation
driving, component, and geography. On the basis of vehicle type, the market is
divided into PV (passenger vehicles) and CV (commercial vehicles). Owing to
high safety concerns among users, passenger vehicles are expected to lead the
industry in the coming years.
Based on operating speed, the market is
classified into high speed-inter urban AEB systems, low speed-city AEB systems,
and pedestrian-VRU (Vulnerable Road Users) AEB systems. Due to the high vehicle
density and city-road mishaps, AEB systems is predicted to hold larger market
share of automatic emergency braking (AEB) in the forecast period.
In terms of applications, AEB industry
is divided into forward emergency braking, reverse emergency braking, and
multi-directional braking. Forward emergency braking is predicted to lead the
industry on the basis of high application. Based on level of automation
driving, the market is divided into autonomous passenger car and
semi-autonomous passenger car. Semi-autonomous passenger car is expected to
hold larger market share of automatic emergency braking due to their higher
volume as compared to other autonomous passenger cars.
On the basis of component, the automatic
emergency braking (AEB) market is split into actuators, audible buzzers,
controllers, sensors, and visual indicators. Actuators are expected to dominate
the market owing to high requirement for actuators as compared to other
components.
Geographically, the market is segmented
as North America, Europe, Asia Pacific, and RoW. Asia Pacific is expected to
dominate the market in the years to come due to the growing presence of
technology in the region. The major players of automatic emergency braking
(AEB) industry are Tesla Inc., Ford Motor Company, Toyota Motor Corporation,
Daimler AG, Volvo Car Corporation, Audi AG, Jaguar Land Rover Automotive Plc,
BMW Group, Volkswagen Group, and Honda Motor Company Ltd.
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