October 16, 2019
According to the latest study titled ‘Global Lane Departure Warning System Market Size, Status and Forecast 2019-2025’ available with Market Study Report LLC, the global lane departure warning system market is estimated to grow substantially by the year 2025.
Lane departure warning system (LDWS) is designed to provide visual, audible and vibrational warnings to the drivers whenever the vehicle moves out of lane on arterial roads and freeways. It is used to minimize accidents by addressing the main causes of collisions including distractions, driver error, and drowsiness. Increasing road traffic and rise in number of road accidents is expected to increase the demand for lane departure warning systems.
Moreover, LDWS works by detecting the vehicle position with respect to road lane markings and calculates the position of the vehicle with the help of a camera mounted on the windshield. The study analyzes lane departure warning system market for segmental shares and growth opportunities. It also provides a detailed synopsis of trends, challenges, distribution channels, marketing strategies, consumer spectrum, and drivers impacting the market growth.
Based on type, the lane departure warning system market is segmented as lane departure warning (LDW), lane keeping system (LKS), and lane centering assist (LCA) systems. LDW is the system warning the driver if the vehicle is leaving its lane; LKS warns the driver and, if no action is taken, automatically take steps to ensure the vehicle stays in its lane; and LCA system take over steering, keep the car centered in the lane, and asks the driver to take over in challenging situations.
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Speaking of application spectrum, the LDWS market is divided into aftermarket and original equipment manufacturer (OEM). While considering the geographical landscape, the industry is fragmented into geographies, namely, India, US, Central & South America, Europe, Southeast Asia, China, and Japan.
The key contenders of lane departure warning system market outlined in the report are Continental, Bosch, Delphi, Denso, Autoliv, Magna International, ZF TRW, Mobileye, and Wabco.