What is Lane Departure Warning System Market Scope?
Lane Departure Warning System alerts the driver when his vehicle begins to unintendedly move out of its lane. Lane departure warning system market is expected to grow in the future due to rising concerns related to road safety and increasing road accidents. Rising research and development activities to develop technologically advanced products is trending in the market.
The Lane Departure Warning System market study is being classified by Type (Lane Departure Warning (LWD), Lane Keeping System (LKS) and Lane Centering Assist (LCA)), by Application (OEMs and Aftermarket) and major geographies with country level break-up.
Analysts at AMA predicts that Players from Japanese will contribute to the maximum growth of Global Lane Departure Warning System market throughout the predicted period.
Bosch (Germany), Continental (Germany), Denso Corporation (Japan), Aptiv PLC (Ireland), Magna International Inc.(Canada), Autoliv Inc (Sweden), Mobileye (Israel), TRW Automotive Holdings Corp (United States), Hitachi, Ltd. (Japan), Toyota Motor Corporation (Japan) and RACELOGIC (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are WABCO (France) and Nissan Motor Co., Ltd., (Japan).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Lane Departure Warning System market by Type, Application and Region.
On the basis of geography, the market of Lane Departure Warning System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In Feb 2019, VBOX 3i Firmware version 2.6 comes equipped with a new 3 Target ADAS mode, improved Robot Navigation, and uninterrupted Slip Angle calculation, even in areas with low GPS coverage. The latest VBOX 3i firmware (v2.6) enables engineers to log positional and time-to-collision data from up to 3 moving targets and a lane simultaneously, allowing them to meet the guidelines set out by the new Lane Change Test for ACSF (Automatically Commanded Steering Function)., and In March 2019, WABCO Holdings Inc. introduced an integrated Active Lateral Safety technology suite to help fleets reduce accidents and increase driver control and comfort in a full range of operating environments.
Influencing Market Trend
- Rising Research and Development Activities to Develop Technologically Advanced Products
Market Drivers
- Increasing Road Trafic and Rising Number of Road Accidents
- Growing Concern related to Road Safety
Opportunities
- Growth in Automobile Sector in Emerging Countries
- Stringent Government Regulations and Policies related to Road Safety
Restraints
- Increasing overall Cost of Vehicle due to the Installation of Lane Warning Systems
Challenges
- Lane Departure Warning Systems rely only on Visible Lane Markings
Key Target Audience
Lane Departure Warning System Provider, Automotive Industry, Sub-Component Manufacturers, Potential Investors and Research and Development Organisation
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