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The Automotive Lane Warning System Market is segmented by Function Type (Lane Departure Warning System and Lane Keeping System), Sensor Type (Video Sensors, Laser Sensors, and Infrared Sensors), Sales Channel (OEM and Aftermarket), Vehicle Type (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), and Geography.
Fastest Growing Market:
The automotive lane warning system market is expected to exhibit a growth rate of 16.85% during the forecast period, 2020-2025.
The lane departure warning systems report covers the increasing adoption of these systems in both passenger cars and commercial vehicles globally, regulations implemented by the government to increase the number of safety systems, product developments, and market share of players operating in the market. Additionally, the report is segmented by function type, sales channel, sensor type, vehicle type, and geography.
The scope of the report includes:
|Lane Departure Warning System|
|Lane Keeping System|
|Light Commercial Vehicles|
|Heavy Commercial Vehicles|
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Lane departure warning systems are a group of safety technologies, which have been designed primarily to prevent high-speed accidents on highways, expressways, and freeways.
The consistent increase in the number of vehicular accidents, primarily due to abrupt lane change, has been leading to concerns among, both the consumers and governments, across the world.
Furthermore, rising safety concerns among the consumers have been propelling the need to implement advanced driver assistant systems (ADAS). This, in turn, has been driving the demand for lane departure warning systems (LDWS).
Accidents involving commercial vehicles often result in serious consequences for the driver and other commuters on road.
Since November 2015, all new commercial vehicles, which weigh more than 3.5 metric ton, and buses, which weigh more than five metric ton, are required to be equipped with a lane departure warning system.
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Most of the motor vehicle collisions are primarily due to human errors. For instance, in Virginia, in 2016 and 2017, the leading causes of traffic accidents were alcohol, speeding, and distracted driving. According to the US Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) organization, almost one-third of the traffic-related fatalities in Virginia (220 crashes) specifically involved alcohol-impaired driving.
In recent years, government, industry, and other interest groups have responded to these statistics, by encouraging and promoting the development of safe driving technologies, primarily to reduce the number of traffic-related collisions and fatalities.
Automotive manufacturers and the governments have been focusing on developing and promoting safe driving technologies, especially in passenger vehicles. Furthermore, most of those technologies are likely to become standard. For instance,
Due to the aforementioned factors, the demand for safety solutions in a vehicle is likely to witness an increase. This is expected to propel the growth of the studied market over the forecast period.
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The automotive lane warning system market is dominated by several players, such as Continental AG, Delphi Technologies, Mobileye, Robert Bosch GmbH, Hitachi Ltd, Nissan, ZF Friedrichshafen AG, DENSO Corporation, and Magna International Inc.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Function Type
5.1.1 Lane Departure Warning System
5.1.2 Lane Keeping System
5.2 Sensor Type
5.2.1 Video Sensors
5.2.2 Laser Sensors
5.2.3 Infrared Sensors
5.3 Sales Channel
5.4 Vehicle Type
5.4.1 Passenger Cars
5.4.2 Light Commercial Vehicles
5.4.3 Heavy Commercial Vehicles
5.5.1 North America
18.104.22.168 United States
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 Rest of Asia-Pacific
5.5.4 South America
184.108.40.206 Rest of South America
5.5.5 Middle East & Africa
220.127.116.11 United Arab Emirates
18.104.22.168 Saudi Arabia
22.214.171.124 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Continental AG
6.2.2 Delphi Technologies
6.2.4 DENSO Corporation
6.2.5 Robert Bosch GmbH
6.2.6 The Bendix Corporation
6.2.7 Hitachi Ltd
6.2.8 Iteris Inc.
6.2.9 Nissan Motor Co. Ltd
6.2.10 Volkswagen AG
6.2.11 ZF TRW
7. MARKET OPPORTUNITIES AND FUTURE TRENDS