Lane Keep Assist System Trends and Forecast
The future of the global lane keep assist system market looks promising with opportunities in the lane keeping system and lane departure warning markets. The global lane keep assist system market is expected to reach an estimated $10.9 billion by 2030 with a CAGR of 13.7% from 2024 to 2030. The major drivers for this market are increasing use of ADAS features in mid-range and economical automobiles, rising worldwide rate of traffic accidents, as well as, stricter traffic laws being implemented and a rise in customer demand for cars with cutting-edge safety features.Lane Keep Assist System by Segment
The study includes a forecast for the global lane keep assist system by function type, component, propulsion, vehicle type, and region.Lane Keep Assist System Market by Function type [Shipment Analysis by Value from 2018 to 2030]
- Lane Keeping System
- Lane Departure Warning
Lane Keep Assist System Market by Component [Shipment Analysis by Value from 2018 to 2030]
- Vision Sensor/Camera
- Electronic Power Assisted Steering Actuator
- Electronic Control Unit
- Others
Lane Keep Assist System Market by Propulsion [Shipment Analysis by Value from 2018 to 2030]
- ICE
- Electric and Hybrid
- Others
Lane Keep Assist System Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]
- Passenger Car
- Commercial Vehicle
Lane Keep Assist System Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Lane Keep Assist System Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies lane keep assist system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the lane keep assist system companies profiled in this report include-- Delphi Technologies
- Denso
- Hitachi
- Hyundai Mobis
- Mobileye
- Panasonic
- NXP Semiconductors
Lane Keep Assist System Market Insights
The publisher forecasts that vision sensor/camera will remain the largest segment over the forecast period because it is most widely used sensor in lane keeping assist systems, it provides high resolution visual data that aids in determining the location of the vehicle in relation to lane markers.APAC is expected to witness highest growth over the forecast period due to increasing number of cars being produced with cutting-edge driver aid technologies.
Features of the Global Lane Keep Assist System Market
- Market Size Estimates: Lane keep assist system market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Lane keep assist system market size by various segments, such as by function type, component, propulsion, vehicle type, and region in terms of value ($B).
- Regional Analysis: Lane keep assist system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different function type, component, propulsion, vehicle type, and regions for the lane keep assist system market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the lane keep assist system market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the lane keep assist system market size?Answer: The global lane keep assist system market is expected to reach an estimated $10.9 billion by 2030.
Q2. What is the growth forecast for lane keep assist system market?
Answer: The global lane keep assist system market is expected to grow with a CAGR of 13.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the lane keep assist system market?
Answer: The major drivers for this market are increasing use of ADAS features in mid-range and economical automobiles, rising worldwide rate of traffic accidents, as well as, stricter traffic laws being implemented and a rise in customer demand for cars with cutting-edge safety features.
Q4. What are the major segments for lane keep assist system market?
Answer: The future of the global lane keep assist system market looks promising with opportunities in the lane keeping system and lane departure warning markets.
Q5. Who are the key lane keep assist system market companies?
Answer: Some of the key lane keep assist system companies are as follows:
- Delphi Technologies
- Denso
- Hitachi
- Hyundai Mobis
- Mobileye
- Panasonic
- NXP Semiconductors
Answer: The publisher forecasts that vision sensor/camera will remain the largest segment over the forecast period because it is most widely used sensor in lane keeping assist systems, it provides high resolution visual data that aids in determining the location of the vehicle in relation to lane markers.
Q7. In lane keep assist system market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to increasing number of cars being produced with cutting-edge driver aid technologies.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the lane keep assist system market by function type (lane keeping system and lane departure warning), component (vision sensor/camera, electronic power assisted steering actuator, electronic control unit, and others), propulsion (ICE, electric and hybrid, and others), vehicle type (passenger car and commercial vehicle), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Lane Keep Assist System Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Delphi Technologies
- Denso
- Hitachi
- Hyundai Mobis
- Mobileye
- Panasonic
- NXP Semiconductors
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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