The global Lane Keep Assist System market was valued at US$ 3476.9 million in 2020 and it is expected to reach US$ 7851.8 million by the end of 2027, growing at a CAGR of 12.2% during 2021-2027.
Lane keep assist system is an active safety system, which detects lane markings on the road with cameras or sensors and assists the driver to keep the vehicle within the lane. This is done either by providing a warning through a buzzer, or seat vibration, or a similar indication, or by automatically steering the vehicle when it departs the lane. If a vehicle departs its lane, the possibility of freak accidents are fairly common in hilly terrain or steep terrain owing to the curving roads and complexities of driving. This is likely to cause severe damage to both the motorist and vehicle. It can be handled through incorporation of lane keep assist system in the vehicle.
A majority of the road accidents occur due to driver’s distraction or negligence. Rising awareness among people and governments of nations across the world to ensure public safety and security by undertaking efforts to reduce road accidents, caused primarily due to driver negligence and distraction is a major factor that is likely to drive the lane keep assist system market.
Global Lane Keep Assist System Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Lane Keep Assist System Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Robert Bosch, Denso, Delphi Automotive, Continental, Valeo, ZF Friedrichshafen and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- Vision Sensor/Camera
- EPAS System
- Electronic Control Unit
Segment by Application
- Passenger Vehicle
- Commercial Vehicle
Table of Content:
1 Lane Keep Assist System Market Overview
2 Lane Keep Assist System Market Competition by Manufacturers
3 Lane Keep Assist System Retrospective Market Scenario by Region
4 Global Lane Keep Assist System Historic Market Analysis by Type
5 Global Lane Keep Assist System Historic Market Analysis by Application
6 Key Companies Profiled
7 Lane Keep Assist System Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Lane Keep Assist System Market Dynamics
10 Global Lane Keep Assist System Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta