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Lane Keep Assist System Market: Current Analysis and Forecast (2021-2027)

Publisher UnivDatos Market Insights
Published Apr 01, 2022
Length 243 Pages
SKU # Univ17203537

Description

Lane Keep Assist System Market: Current Analysis and Forecast (2021-2027)

The majority of traffic accidents are caused by driver inattention or negligence. Rising awareness among people and governments across the world about the importance of ensuring public safety and security by reducing road accidents, which are mostly caused by driver irresponsibility and distraction, is a major factor that is expected to drive the lane keep assist system market. A rule stated by the US government requires autonomous vehicles or vehicles with lane keep assist systems to be equipped with an easy to trigger auto-drive disengage switch and an alert system for system failures in a few states in the US, such as California and Nevada, as well as the District of Columbia. Despite its many benefits, the lane keep assist system has a few flaws. An electronic processing unit and positioning system control the entire system, which is vulnerable to cyber-attack and hacking. A hacker with access to electronic processing can take entire control of the vehicle's operation, posing a threat to human life. Furthermore, the lane keep assist system's sensors are unable to detect faded lane markers, and the system fails to function effectively in extreme weather situations such as fog, rain, or snow. During the projection period, these small limitations are anticipated to stymie the lane keep assist system market.
  • Based on function type, the market is segmented into Lane Keeping System and Lane Departure Warning. The Lane Keeping System segment generated revenue of USD XX billion in 2020 and is expected to grow at a CAGR XX% during the forecasted period. In 2020, the lane keep assist system market was dominated by the lane keeping system segment. Lane keeping systems use forward-facing cameras to monitor the lane lines around your car and provide visual, audio, and tactile indications such as seat vibration and steering wheel to alert the driver when an automobile approaches or crosses lane barriers
  • Based on component, the market is segmented into Vision Sensor/Camera, EPAS Actuator, Electronic Control Unit, and others. The Electronic Control Unit segment generated revenue of USD XX billion in 2020 and is expected to grow at a CAGR XX% during the forecasted period. The electronic Control Unit (ECU) component segment is in charge of the lane keep assist system's operations, and so is predicted to provide profitable prospects, increasing the worldwide lane keep assist system market over the forecast period. By accepting input from sensors and turning it into an understandable format, the ECU decreases the system's convolution. As a result, it is predicted to grow significantly by 2027
  • Based on vehicle type, the market is segmented into Passenger Cars and Commercial Vehicle. The Passenger Cars segment generated revenue of USD XX billion in 2020 and is expected to grow at a CAGR XX% during the forecasted period. In 2020, the passenger car sector accounted for the majority of the market. The increasing demand for passenger vehicles internationally, primarily for local and intercity transportation, is largely responsible for the segment's strong market share. In mountainous terrain, driver attention or nervousness in driving handling is likely to cause the car to leave the detected lane, causing serious damage to both the vehicle user and the vehicle. The lane keep assist technology prevents such collisions by gently wringing the steering wheel to keep the vehicle in its lane. The lane keep assist system works to keep the vehicle in the middle of a detected lane, preventing a collision or accident
  • Based on distribution channel, the market is segmented into OEMs and Aftermarket. The aftermarket segment generated revenue of USD XX billion in 2020 and is expected to grow at a CAGR XX% during the forecasted period. Because of the faster rate of adoption and shorter life of electronic components such as sensors and wirings, the aftermarket sales channel sector has a larger share of the lane keep assist system market than the other categories. Due to safety concerns, especially in passenger vehicles, the aftermarket segment is expected to develop at a significant rate during the projection period. Component failure is a primary driver that propels the aftermarket market
  • For a better understanding of the market adoption of Lane Keep Assist System, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of APAC), and Rest of World
  • Some of the major players operating in the market include ZF Friedrichshafen AG, Denso Corporation, Continental Ag, Robert Bosch Gmbh, Valeo, Aptiv PLC, Velodyne Lidar, Inc., Hella Gmbh & Co., Delphi Technologies and Bendix Corporation

Table of Contents

243 Pages
1 MARKET INTRODUCTION
1.1. Market Definitions
1.2. Limitation
1.3. Stake Holders
1.4. Currency used in Report
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Process of the Lane Keep Assist System Market
2.2. Research Methodology of the Lane Keep Assist System Market
2.3. Forecasting Method
2.4. Respondent Profile
2.5. Main Objective of the Lane Keep Assist System Market Study
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 LANE KEEP ASSIST SYSTEM MARKET COVID-19 IMPACT
6 LANE KEEP ASSIST SYSTEM MARKET REVENUE, 2019-2027F
7 MARKET INSIGHTS BY FUNCTION TYPE
7.1. Lane Keeping System
7.2. Lane Departure Warning
8 MARKET INSIGHTS BY COMPONENT
8.1. Vision Sensor/Camera
8.2. EPAS Actuator
8.3. Electronic Control Unit
8.4. Others
9 MARKET INSIGHTS BY VEHICLE TYPE
9.1. Passenger Cars
9.2. Commercial Vehicle
10 MARKET INSIGHTS BY DISTRIBUTION CHANNEL
10.1. OEMs
10.2. Aftermarket
11 MARKET INSIGHTS BY REGION
11.1. NORTH AMERICA LANE KEEP ASSIST SYSTEM MARKET
11.1.1. United States
11.1.2. Canada
11.1.3. Rest of North America
11.2. EUROPE LANE KEEP ASSIST SYSTEM MARKET
11.2.1. Germany
11.2.2. France
11.2.3. United Kingdom
11.2.4. Italy
11.2.5. Spain
11.2.6. Rest of Europe
11.3. ASIA-PACIFIC LANE KEEP ASSIST SYSTEM MARKET
11.3.1. China
11.3.2. Japan
11.3.3. India
11.3.4. South Korea
11.3.5. Rest of Asia Pacific
11.4. REST OF WORLD LANE KEEP ASSIST SYSTEM MARKET
12 LANE KEEP ASSIST SYSTEM MARKET DYNAMICS
12.1. Market Drivers
12.2. Market Challenges
12.3. Impact Analysis
13 LANE KEEP ASSIST SYSTEM MARKET OPPORTUNITIES
14 LANE KEEP ASSIST SYSTEM MARKET TRENDS
15 LEGAL & REGULATORY FRAMEWORK
16 DEMAND AND SUPPLY SIDE ANALYSIS
16.1. Demand Side Analysis
16.2. Supply Side Analysis
17 VALUE CHAIN ANALYSIS
18 COMPETITIVE SCENARIO
18.1. COMPETITIVE LANDSCAPE
18.1.1. Company Shares, By Revenue
19 COMPANY PROFILED
19.1. ZF Friedrichshafen AG
19.2. Denso Corporation
19.3. Continental Ag
19.4. Robert Bosch Gmbh
19.5. Valeo
19.6. Aptiv PLC
19.7. Velodyne Lidar, Inc.
19.8. Hella Gmbh & Co.
19.9. Delphi Technologies
19.10. Bendix Corporation
20 DISCLAIMER

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