The global lane departure warning system market grew at a CAGR of around 18% during 2014-2019. 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. Looking forward, IMARC Group expects the global lane departure warning system market to continue its strong growth during the next five years.
Breakup by Function Type:
Lane Departure Warning System
Lane Keeping System
Breakup by Sensor Type:
Breakup by Distribution Channel:
Breakup by Vehicle Type:
Light Commercial Vehicles
Heavy Commercial Vehicles
Breakup by Region:
Middle East and Africa
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).
Key questions answered in this report:
How has the global lane departure warning system market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global lane departure warning system market?
What are the key regional markets?
What is the breakup of the market based on the function type?
What is the breakup of the market based on the sensor type?
What is the breakup of the market based on the distribution channel?
What is the breakup of the market based on the vehicle type?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global lane departure warning system market and who are the key players?
What is the degree of competition in the industry?