Lane Departure Warning System Market Trends | Industry Growth, Share, Size, Demand and Future Scope 2025
According to IMARC Group’s latest report, titled “Lane Departure Warning System Market Size: Industry Trends, Share, Growth, Opportunity and Forecast 2020-2025,” the global lane departure warning system market to continue its strong growth during the next five years.
Lane departure warning system (LDWS) is an advanced in-vehicle monitoring system that alerts the driver in case of any deviation in the position of the vehicle from a roadway lane. The system identifies road markings around the vehicle and monitors the position using video cameras and algorithms. To warn the driver in case of a deviation, it sends visual, audible, or haptic signals, such as vibrations in the steering wheel. LDWS also enables the driver to counter-steer immediately, thereby mitigating the risk of accidents.
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The expanding automotive sector and the rising adoption of automated systems in automobiles are primarily driving the market for LDWS. Furthermore, the increasing incidences of road accidents due to driver negligence are also catalyzing the demand for in-vehicle monitoring systems, such as LDWS. Additionally, the implementation of stringent government regulations for vehicle safety is further inducing the market growth. Moreover, the emergence of advanced driver assistance systems (ADAS) to steer the vehicles to the correct lane by keeping the drivers focused and avoiding unintended lane departures, is also propelling the market growth. The rising integration of LDWS with various advanced technologies, such as radar sensing, data fusion, and video sensing, is further expected to drive the market growth.
Lane Departure Warning System Market 2020-2025 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- 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
- ZF Friedrichshafen AG (Zeppelin-Stiftung).
The report has segmented the market on the basis of function type, sensor type, distribution channel, vehicle type and region.
Breakup by Function Type:
- Lane Departure Warning System
- Lane Keeping System
Breakup by Sensor Type:
- Video Sensor
- Laser Sensor
- Infrared Sensor
Breakup by Distribution Channel:
Breakup by Vehicle Type:
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
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Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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