Global Lane Departure Warning System Market to Grow at 6.1% During 2024-2032, Fostered by Increasing Number of Road Accidents

September 14, 2020 | Automotive Industry

As per the latest report by IMARC Group, titled “Lane Departure Warning System Market Report by Function Type (Lane Departure Warning System, Lane Keeping System), Sensor Type (Video Sensor, Laser Sensor, Infrared Sensor), Distribution Channel (OEM, Aftermarket), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), and Region 2024-2032,” the global lane departure warning system market reached a value of US$ 4.3 Billion in 2023. A lane departure warning system is designed for alerting the driver when the vehicle moves out of its lane. It automatically steers the car back and helps drivers stay focused, avoid accidents and minimize unintended lane departures. It works on the in-vehicle electronic mechanism and offers visual, vibrational and audible warnings to the driver when the vehicle goes out of the lane. It evaluates the position of the vehicle using a camera fixed on the windshield and keeps the automobile with respect to the road lane.

Global Lane Departure Warning System Market Trends:

According to the World Health Organization (WHO), around 1.35 million people die every year, mostly between the ages of 5 and 29 years, on account of road accidents. To minimize these incidents, International organizations, along with the support of various governments, are focusing on generating awareness among individuals about road safety. Consequently, the leading players in the automotive industry are integrating road safety systems, such as lane departure warning systems, in passenger and commercial vehicles. Apart from this, the increasing number of fast-moving vehicles and the development of highways and expressways, especially in emerging economies, is driving the need for lane departure warning systems. Furthermore, factors like the integration of advanced systems, such as radar sensing, data fusion and video sensing technologies in a single module, are anticipated to propel the market growth. On account of these factors, the market is anticipated to expand at a CAGR of 6.1% during the forecast period (2024-2032).

Market Summary:

Based on the function type, the market has been bifurcated into lane departure warning and lane keeping systems.
On the basis of the sensor type, the market has been segmented into video, laser and infrared sensors.
The market has been analyzed on the basis of the distribution channel into the original equipment manufacturer (OEM) and aftermarket.
Based on the vehicle type, the market has been segregated into passenger cars and light and heavy commercial vehicles.
Region-wise, the market has been classified into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others); Europe (the United Kingdom, Germany, France, Italy, Spain, Russia and others); Latin America (Brazil, Mexico and others); Middle East and Africa.
The competitive landscape of the market has been examined, with some of the key players being Autoliv Inc., Continental AG, Delphi Technologies Plc (BorgWarner), DENSO Corporation, Hitachi, Ltd., Iteris, Inc., Magna International Inc., Mobileye (Intel Corporation), Robert Bosch GmbH, Volkswagen AG and ZF Friedrichshafen AG.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Segment Coverage	Function Type, Sensor Type, Distribution Channel, Vehicle Type, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Autoliv Inc., Continental AG, Delphi Technologies Plc (BorgWarner), Denso Corporation, Hitachi Ltd., Iteris Inc., Magna International Inc., Mobileye (Intel Corporation), Robert Bosch GmbH, Volkswagen AG and ZF Friedrichshafen AG
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Global Lane Departure Warning System Market to Grow at 6.1% During 2024-2032, Fostered by Increasing Number of Road Accidents

Purchase options

Single User License ~~$3899~~ $2999
Five User License ~~$4899~~ $3999
Corporate User License ~~$5899~~ $4999

Inquire Before Buying

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Speak to an Analyst

Request Brochure

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.