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
Research Methodology: Lane Departure Warning (Ldw) System Market - Global Market Assessment, 2021 - 2028
The global Lane Departure Warning (Ldw) Systemmarket research study is based on a comprehensive research methodology that is used to arrive at the market estimations and forecasts. This methodology aid analysts and to learn and understanding market facts and insights from the innermost levels of the market. The whole research process involves 3 major activities: Secondary Research, Primary Research, and Data Triangulation. Secondary resources are utilized to gain insights on the market and later primary research is conducted to revalidate the information and conclusion derived from the secondary research. Out of the total primary respondents, 24% were from North America, 29% were from Europe, 31% were from the Asia Pacific, and the rest of the respondents were from Latin America and MEA.
Secondary Research
Primary Research:
The information gained/procured from the secondary data sources is validated through extensive primary interviews with industry experts across the Lane Departure Warning (Ldw) System supply chain. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:
- Lane Departure Warning (Ldw) System market size at regional and country level
- Understanding market developments, future growth prospects, and upcoming challenges
- Overview of the Lane Departure Warning (Ldw) System supply chain and overall ecosystem
Data Triangulation and Market Size Estimations
The information procured from the secondary and primary resources is undergone through data triangulation methods to attain more accurate results on quantitative and qualitative analysis for specific market research studies. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end-use industry, and estimate future trends within the market. After arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the Lane Departure Warning (Ldw) System market.
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.
