The Europe Autonomous Emergency Braking (AEB) Market would witness market growth of 13.1% CAGR during the forecast period (2023-2030).
Automatic emergency braking (AEB) helps in identifying possible collisions that are about to occur and reacts by automatically activating the brakes to decelerate and slow down a vehicle before collision. The purpose of this system is to automatically apply the brakes to avoid or lessen impacts when it detects possible collisions with objects or persons.
Due to the rising demand for innovative vehicles with the highest-quality safety features, this market is predicted to expand at a healthy rate. Automakers are increasingly using these technologies since they are considered essential safety features. The advantages of these systems are being better understood by customers as road safety and technical improvements are given more attention.
Consequently, there is a rising need for vehicles to have this safety function. Higher-tech AEB systems can operate at both low and high speeds. As a result, it works well on highways and in cities. The AEB system can lessen the severity of a collision when a vehicle is traveling on the road. Given that it doesn't require human intervention, the AEB is a useful feature.
A self-driving vehicle release in the United Kingdom might start by 2025 due to the new government. The plans announced today (19 August 2022) include new legislation enabling the broader rollout of self-driving vehicles by 2025. Due to the lack of human interference, self-driving vehicles are anticipated to comply with more stringent safety requirements. When it comes to avoiding collisions and lowering the effects of accidents, AEB systems are essential because they support the safety-first philosophy of autonomous vehicle technology. Due to the growing acceptance of autonomous vehicles, this market will expand in Europe.
The Germany market dominated the Europe Autonomous Emergency Braking (AEB) Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $5.6 billion by 2030. The UK market is estimated to grow at a CAGR of 12.2% during (2023 - 2030). Additionally, The France market would witness a CAGR of 14.2% during (2023 - 2030).
Based on Type, the market is segmented into Dynamic Brake Support, and Crash Imminent Braking. Based on System, the market is segmented into Low Speed, and High Speed. Based on Vehicle Type, the market is segmented into Passenger Cars, and Commercial Vehicles. Based on countries, the market is segmented into Germany, UK, France, Russia, Norway, Netherlands, and Rest of Europe.
Free Valuable Insights: The Worldwide Autonomous Emergency Braking (AEB) Market is Projected to reach USD 80.3 Billion by 2030, at a CAGR of 13.4%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, Hyundai Mobis Co., Ltd. (Hyundai Motor), Aisin Corporation (Toyota Motor Corporation), Hitachi, Ltd.(Hitachi Astemo, Ltd.), Valeo SA, HL Mando Corporation, Netradyne, Inc., and Aptiv PLC
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