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AEB market to reach $68.25 billion by 2033

Author: Chris Anthony Comments: 0
From 2023 to 2033, the AEB market in the United Kingdom is expected to flourish at a CAGR of 6.80 per cent (Photo: Pexels; Pixabay)

In 2022, the automotive emergency braking (AEB) systems market was estimated to be worth US$29.52 billion. And the industry is projected to be valued at $31.61 billion by the end of 2023, both figures according to a recently published Future Market Insights report. In addition, the global market for AEB systems will likely expand at an 8 per cent compound annual growth rate (CAGR) over the course of the next decade, with a projected value of $68.25 billion by 2033.

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