The North America Autonomous Emergency Braking (AEB) Market would witness market growth of 11.9% CAGR during the forecast period (2023-2030).
Consumers are more concerned with safety and want their automobiles to be safer, so there is a greater demand for AEB systems. As more people become aware of its benefits, the market is predicted to grow. Modern technology developments, such as sensors and machine learning algorithms, have allowed more sophisticated AEB systems to recognize and respond to a broader range of possible collisions. Some insurance companies offer discounts to motorists of vehicles equipped with AEB systems. Because of this, many people are now purchasing cars with these systems. Owing to recent significant cost reductions, AEB systems are now much more affordable for customers and more appealing to automakers.
The market has experienced considerable growth in recent years, and this trend is projected to continue in the years to come. AEB, a safety feature, uses sensors and cameras to detect collisions and promptly apply the brakes to reduce or eliminate the impact. The increased usage of ADAS (advanced driver assistance systems) technology in automobiles is essential to the market's growth.
The demand for commercial vehicles is increasing across North America. The reason for this is the increasing requirement for long-distance operations in fleet management. Additionally, regional governments are enacting several laws about carbon emissions. In order to reduce carbon emissions, regional automakers are implementing the same technology into both buses and commercial vehicles. The need for technology supporting safe driving is increasing due to the rising demand for commercial vehicles and the frequency of traffic accidents in the region. As a result, market is expected to expand throughout North America.
The US market dominated the North America 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 $18.4 billion by 2030. The Canada market is estimated to witness a CAGR of 14.4% during (2023 - 2030). Additionally, The Mexico market would showcase a CAGR of 13.5% 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 U.S., Mexico, Canada, and Rest of North America.
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
By Type
By System
By Vehicle Type
By Country
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