Enquiry before buying
Speak to an Analyst
Request Brochure
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.
Read More- Home
- |
- Press Release
- |
- Global Lane Departure Warning System Market
Global Lane Departure Warning System Market to Grow at 7.07% During 2022-2027, Fostered by Increasing Number of Road Accidents
September 14, 2020
As per the latest report by IMARC Group, titled “Lane Departure Warning System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global lane departure warning system market reached a value of US$ 3.8 Billion in 2021. 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.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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 7.07% during the forecast period (2022-2027).
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.
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 :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
Select Licence Type
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
Get in Touch With Us
UNITED STATES
Phone: +1-631-791-1145
INDIA
Phone: +91-120-433-0800
UNITED KINGDOM
Phone: +44-753-713-2163
Email: sales@imarcgroup.com
Client Testimonials
It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…
Read More
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
Read More
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.
Read More.webp)
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More.webp){kind=logo}
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.
Read More
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.
Read More
