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The global lane departure warning system market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 17% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Lane departure warning system (LDWS) refers to an in-vehicle electronic mechanism that monitors the position of a vehicle within a lane of the roadway and alerts the driver in case of any deviation. The system uses video cameras and algorithms to detect road markings around the vehicle and monitor its position inside the lane. In case of any unintentional deviation, it warns the driver by sending a visual, audible or haptic signal, such as vibrations in the steering wheel. This enables the driver to counter-steer promptly, thereby minimizing the possibility of any accidents.
Significant growth in the automotive industry, along with increasing utilization of automated systems, is one of the key factors creating a positive outlook for the market. Furthermore, the rising number of road fatalities due to driver negligence is also providing a boost to the market growth. LDWS is primarily installed in passenger cars and other commercial vehicles to ensure the safety of both the passengers and pedestrians. Additionally, increasing awareness among the masses regarding road safety and the adoption of advanced driver assistance systems (ADAS), are acting as other growth-inducing factors. These systems automatically steer the vehicles back to the correct lane and assist the drivers in staying focused, minimizing unintended lane departures and avoiding accidents. Other factors, including the integration of advanced systems, such as radar sensing, data fusion and video sensing technologies into a single module, are expected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global lane departure warning system market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on function type, sensor type, distribution channel and vehicle type.
Breakup by Function Type:
Breakup by Sensor Type:
Breakup by Distribution Channel:
Breakup by Vehicle Type:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being Autoliv Inc., Continental Aktiengesellschaft, 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 (Zeppelin-Stiftung).
|Base Year of the Analysis||2020|
|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 Aktiengesellschaft, 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 (Zeppelin-Stiftung)|
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Key Questions Answered in This Report:
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