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Lane Departure Warning (Ldw) System Market

Lane Departure Warning (Ldw) System Market

Lane Departure Warning (Ldw) System Market Global Industry Assessment & Forecast

# Pages:

136

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0765

Segments Covered
  • By Type Lane Departure Warning, Lane Keeping Assist
  • By Sensor Type Video Sensors, Laser Sensors, Infrared Sensors
  • By Sales Channel OEM, Aftermarket
  • By Passenger Cars, Commercial Vehicles
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: 5.21 Billion
Revenue 2028Revenue 2028: 8.46 Billion
Revenue CAGRRevenue CAGR (2022 - 2028): 6.24%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst

Key insights

The global Lane Departure Warning (Ldw) System market was valued at USD 5.21 Billion in 2020 and is projected to reach USD 8.46 Billion by 2028, growing at a CAGR of 6.24%% from 2021 to 2028.

Years Parameters
Historical Data (Actual Data) 2016-2020
Base Year Data 2020
Current Year Date 2021
Projected year data 2021-2026
Annual Market Size (2028) 8.46 Billion
Annual Market Size (2021)
CAGR (2021 - 2028) 6.24%%

Definition And Overview

Lane departure warning (LDW) system is an in-vehicle electronic mechanism that is used to monitor the position of a vehicle within a lane of the roadway and alerts the driver in case of any deviation. The system uses its video cameras and algorithms to detect road markings around the vehicle and monitor its position inside the lane. In case of any unintentional deviation, it warns the driver by sending a visual, audible or haptic signal, such as vibrations in the steering wheel. This enables the driver to counter-steer promptly, thereby reducing the possibility of any accidents.


The report covers in-depth study on the global Lane Departure Warning (Ldw) System market, which comprises market trends such as drivers, restraints, and opportunities, regional trends, segmental analysis, and competitive landscape among others. This study comprises the market estimations and forecast in terms of revenue for each segment at the global/regional/country level along with a detailed analysis of growth prospects, challenges, and opportunities. The report includes a separate chapter covering detailed Lane Departure Warning (Ldw) System market overview that includes Porter’s Five Forces Analysis, PESTLE Analysis, Player Positioning Analysis, SWOT Analysis, and Value Chain Analysis among others.

Yearly Infographics 5.21 Billion 8.46 Billion

COVID-19 Impact Analysis

The wise spread COVID-19 outbreak has impacted several industries including Lane Departure Warning (Ldw) System. The governments across the globe compel to employ stringent restriction such as lockdown, international border seals, and   implementing strict social distancing measures. This forces serval industries to opt for work from home which in turn disrupted the business processes. However, after mid 2021 the world is witnessing reopening of trading activities, business operations which is expected to stimulate the economic growth during upcoming years.  The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.


The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long-term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

Industry Analysis

The report explains various driving factors, restraints/challenges, and opportunities in detail. These assessments aid the industry stakeholders to analyze the Lane Departure Warning (Ldw) System market on the basis of different parameters, such as economies of scale, the share of various distribution channels, various factors affecting consumer behavior such as brand loyalty, price, and product availability among others, capital investments, regulatory landscape, production rights and patents, promotional strategies, and other customer preferences.


The increasing importance of safety concerns across the globe is anticipated to augment the growth of the lane departure warning (LDW) system market during the forecast period. The government and international organizations are implementing stringent safety regulations, which ensure the inclusion of ADAS in the automobiles for both the passengers and driver's safety in both developed and emerging economies, like India and China. As a result, many leading auto manufacturers are including vehicles with technologies such as lane departure warning system (LWS). 

The increasing sale of electric vehicles is also expected to augment the growth of the lane departure warning (LDW) system market in the years to come. A constant increase in the sales of electric vehicles is offering significant growth opportunities to develop and manufacture next-generation vehicles with advanced safety systems. This is in turn driving the demand for lane departure warning systems. These systems use sensors and cameras that help and assist the drivers and aids in decreasing various unintended lane departures caused by distractions and drowsiness. 

The high initial and maintenance costs of the systems and complexity of the systems is expected to hamper the growth of the market over the forecast period. The installation of lane departure warning (LDW) system is currently limited majorly for the luxury cars sector only. Moreover, OEM’s are now working with automotive safety system suppliers to reduce the system's value by incorporating the latest technologies.

Global Lane Departure Warning (Ldw) System Market Report Scope

Parameter Details
Market Size Provided for Years 2016-2028
Base Year 2020
Historic Years 2016-2020
Forecast Years 2021-2028
Market Size Provided In Terms Of Revenue & Volume
Segments Covered Type, Sensor Type, Sales Channel
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Countries Covered The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others
Companies Covered Valeo, Delphi Automotive Plc, Denso Corporation, Trw Automotive Holdings Corp., Texas Instruments Inc., Continental Ag, Robert Bosch Gmbh, Aisin Seiki Co. Ltd., Magna International, Hella Kgaa Hueck & Co., Mando Corp., Autoliv Inc, Hitachi Ltd, Mobileye Nv, Ficosa International S.A.
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and Asia Pacific, company market share analysis, and COVID-19 impact analysis

Market Segmentation

The report delivers an acute breakdown of the market based on various segments such as Type, Sensor Type, Sales Channel and region. The report will cover market estimations and forecast for each segment by region for the years 2016–2028. Several growth factors and opportunities impacting various segments have been incorporated in the report.

On the basis of Type, the market is divided into Lane Departure Warning, Lane Keeping Assist. Lane Departure Warning held the largest share in 2020 and is projected to witness substantial growth during the forecast period.

Based on Sensor Type, the market is divided into Video Sensors, Laser Sensors, Infrared Sensors. Infrared Sensors attributed to the highest market share and is expected to grow at a significant CAGR from 2021 to 2028. 

Global Lane Departure Warning (Ldw) System Market: Type Segment Analysis

    • Lane Departure Warning
    • Lane Keeping Assist

Global Lane Departure Warning (Ldw) System Market: Sensor Type Segment Analysis

    • Video Sensors
    • Laser Sensors
    • Infrared Sensors

Global Lane Departure Warning (Ldw) System Market: Sales Channel Segment Analysis

    • OEM
    • Aftermarket

Global Lane Departure Warning (Ldw) System Market: Segment Analysis

    • Passenger Cars
    • Commercial Vehicles

Global Lane Departure Warning (Ldw) System Market: Regional Analysis

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

Competitive Landscape

The global Lane Departure Warning (Ldw) System market report provides an exhaustive competitive landscape to give a comprehensive synopsis of the global market. Major players in the Lane Departure Warning (Ldw) System market are Valeo, Delphi Automotive Plc, Denso Corporation, Trw Automotive Holdings Corp., Texas Instruments Inc., Continental Ag, Robert Bosch Gmbh, Aisin Seiki Co. Ltd., Magna International, Hella Kgaa Hueck & Co., Mando Corp., Autoliv Inc, Hitachi Ltd, Mobileye Nv, Ficosa International S.A.. This section of the report will provide you extensive information on all key players based on business overview, product portfolio, marketing strategies, recent developments, financial performance, and geographical presence among others. Moreover, the report also includes extensive information on key strategies such as new product development/launch, merger & acquisitions, partnerships, collaborations & joint ventures, research & development, and regional expansion.  

Global Lane Departure Warning (Ldw) System Market : Regional Analysis

Based on the geography, the global Lane Departure Warning (Ldw) System market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The regional analysis covers market estimations and forecast for each segment for each region for the years 2016–2028. The concentration of raw material suppliers as well as market players in one specific region impacts the global market scenario and the report covers exclusive information on the same.  Also, the report analyzes the intensity of competition in each region and its influence on the growth of the global Lane Departure Warning (Ldw) System market.      

Market Size, 2021 (USD Billion)
North America
Europe
Asia Pacific
South America
Middle East Africa
FAQ
Frequently Asked Question
  • The global Lane Departure Warning (Ldw) System valued at 5.21 Billion in 2020 and is expected to reach 8.46 Billion in 2028 growing at a CAGR of 6.24%%.

  • The prominent players in the market are Valeo, Delphi Automotive Plc, Denso Corporation, Trw Automotive Holdings Corp., Texas Instruments Inc., Continental Ag, Robert Bosch Gmbh, Aisin Seiki Co. Ltd., Magna International, Hella Kgaa Hueck & Co., Mando Corp., Autoliv Inc, Hitachi Ltd, Mobileye Nv, Ficosa International S.A..

  • The market is project to grow at a CAGR of 6.24%% between 2021 and 2028.

  • The driving factors of the Lane Departure Warning (Ldw) System include

    • The increasing importance of safety concerns across the globe is anticipated to augment the growth of the lane departure warning (LDW) system market during the forecast period. The government and international organizations are implementing stringent safety regulations, which ensure the inclusion of ADAS in the automobiles for both the passengers and driver's safety in both developed and emerging economies, like India and China. As a result, many leading auto manufacturers are including vehicles with technologies such as lane departure warning system (LWS).
    • The increasing sale of electric vehicles is also expected to augment the growth of the lane departure warning (LDW) system market in the years to come. A constant increase in the sales of electric vehicles is offering significant growth opportunities to develop and manufacture next-generation vehicles with advanced safety systems. This is in turn driving the demand for lane departure warning systems. These systems use sensors and cameras that help and assist the drivers and aids in decreasing various unintended lane departures caused by distractions and drowsiness.

  • Asia Pacific was the leading regional segment of the Lane Departure Warning (Ldw) System in 2020.