Automotive Lane Departure Warning System Market: Introduction

  • Rise in disposable income of the middle class population in emerging economies, such as India and China, coupled with customer’s willingness to opt for expensive luxury cars and SUV vehicles is expected to propel the lane departure warning system market
  • The lane departure warning system can inform the driver once he accidentally leaves the lane and can use one-sided braking interference to help the vehicle to return to its lane. It also provides a safety feature that would help monitor the vehicle in case of wrecked lane patterns if there is a threat of a crash. The lane departure warning system is also known as active lane keep assist system.

Key Drivers of Automotive Lane Departure Warning System Market

  • Rise in number of road accidents, globally, is expected to increase the demand for the automotive lane departure warning system, thereby driving the market. According to WHO the number of road accidents across the globe is increasing. Moreover, as per WHO road accident statistics, the number of fatalities in Southeast Asia, Africa, and Eastern Mediterranean has been increasing for the last decade. Therefore, governments across several regions are enacting stringent emission regulations pertaining to vehicle occupant safety. This, in turn, is expected to offer lucrative opportunity for the lane departure warning system market, globally.
  • Rise in adoption of advanced driver assistant system (ADAS) in vehicles to enhance occupant safety is likely to propel the automotive lane departure warning system market globally. Rising demand for active safety features in vehicles, such as blind spot detection, ABS, ESP, intelligent park assist, and regenerative braking, are prompting manufacturers to integrate these technologies in their vehicles. For instance, according to safety regulations mandated by the European Commission for vehicle, features which either come as a standard or as a part of optional packages, such as automatic emergency braking, lane departure warning, reversing cameras or detectors, and attention monitors are to be installed in new cars from 2024. This enhanced usage of technology in vehicles is likely to offer lucrative opportunity for automakers to increase adoption of lane departure warning system. This, in turn, is driving the automotive lane departure warning system market, globally.
  • However, the cost of vehicle increases owing to the integration of automotive lane departure warning system. Therefore, automakers are exacted to offer the automotive lane departure warning system as an extra option, which in turn restrains the demand of automotive lane departure warning system.
  • The coronavirus pandemic outbreak resulted in a more than 20% decline in vehicle production globally in 2020, as compared to that of in 2019, thereby hampering the market in 2020. However, an increase in the demand for personal vehicles and reduction of vehicle prices by automakers to boost vehicle sales are projected to help the market recover and expand during the forecast period.

Global Automotive Lane Departure Warning System Market: Restraint

  • The ECU and positioning unit in lane departure warning system controls the entire system, which are prone to cyber-attacks and hacking threats that can lead to the failure of the lane departure warning system and consequently threaten vehicle occupant life
  • The lane departure aid system sensors cannot sense faded lane markings and hence, it does not function properly in severe climate such as fog, snow, rain, etc. This, in turn, is estimated to restrain the lane departure warning system market during the forecast period.
  • However, these drawbacks are expected to overcome by manufacturers of the system and improve the functionality of the automotive lane departure warning system

Europe accounted for prominent share of global automotive lane departure warning system market

  • In terms of region, the global automotive lane departure warning system market can be segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa.
  • Europe is a prominent consumer and manufacturer of luxury and premium passenger vehicles, and the lane departure warning system is mostly equipped in the luxury segment of vehicles. Therefore, the region dominated and accounted for a major share of global automotive lane departure warning system market.
  • Currently, very few players manufacture the lane departure warning system, as it is still in the research and development stage. These players have their research and technology centers based in Europe. Startups across Europe are focusing more on the development of vehicle technology that improves the performance of vehicles and provide additional safety systems. This, in turn, offers lucrative opportunity for players engaged in the automotive lane departure warning system market in Europe.

Key Players Operating in Automotive Lane Departure Warning System Market

The global automotive lane departure warning system market is concentrated owing to the presence of top manufacturers. A few key players operating in the global automotive lane departure warning system market are:

  • Continental AG
  • Delphi Automotive PLC
  • Denso Corporation
  • IMV Corporation
  • NXP Semiconductor
  • Robert Bosch GmbH
  • Valeo
  • ZF Friedrichshafen AG

Global Automotive Lane Departure Warning System Market: Research Scope

Global Automotive Lane Departure Warning System Market, by Vehicle Type

  • Passenger Vehicle
    • Entry
    • Mid
    • Luxury/ Premium
  • Commercial Vehicles
    • Light Commercial Vehicles
    • Medium and Heavy Commercial Vehicle

Global Automotive Lane Departure Warning System Market, by Sales Channel

  • OEM
  • Aftermarket

Global Automotive Lane Departure Warning System Market, by Sensor Type

  • Video Sensors
  • Laser Sensors
  • Infrared Sensors

Global Automotive Lane Departure Warning System Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Nordic Countries
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • ANZ
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Turkey
    • South Africa
    • Rest of Middle East & Africa

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

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The study presents scrutiny of region-specific consumer and technology trends, including the most recent industry dynamics. These broadly cover but not limited to

  • North America, South America, and the Americas
  • Asia Pacific and Japan
  • Europe
  • Latin America
  • Middle East and Africa

The study offers data-driven insights and guidance of several aspects. Some of the more notable questions are:

  • What are the major recent trends that can influence the product life cycle and the RoI?
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  • Which micromarketing initiatives of leading players will bring in investments?
  • What can be the best framework and tools for PESTLE analysis?
  • Which regions will witness rise in new opportunities?
  • Which are the game-changing technologies being used to capture new revenue streams in the near future?
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  • What is the current and expected intensity of competition the market in the near future?

Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.

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Automotive Lane Departure Warning System Market