Lane Departure Warning (Ldw) System Market
Lane Departure Warning (Ldw) System Market Global Industry Assessment & Forecast
#
Pages:
136
2021
Nov - 2021
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
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
5.21 Billion |
 Revenue 2028:
|
8.46 Billion |
 Revenue CAGR
(2021 - 2028): |
6.24% |
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
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
FAQ
Frequently Asked Question
What is the global demand for Lane Departure Warning (Ldw) System in terms of revenue?
-
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%%.
Which are the prominent players in the market?
-
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..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 6.24%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
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.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Lane Departure Warning (Ldw) System in 2020.
