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Lane Departure Warning System Market Value Is Estimated to Reach USD 17945.46 Mn by 2028, With 13.50% CAGR – Credence Research

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Lane Departure Warning System Market Value Is Estimated to Reach USD 17945.46 Mn by 2028, With 13.50% CAGR – Credence Research

September 09
01:21 2022
Lane Departure Warning System Market Value Is Estimated to Reach USD 17945.46 Mn by 2028, With 13.50% CAGR - Credence Research
Some major players in the lane departure warning system market are Robert Bosch GmbH, Denso Corporation, Continental AG, Delphi Automotive LLP, ZF TRW, Autoliv Inc., Mobileye, Magna International Inc., WABCO and Bendix Commercial Vehicles System LLC.

The latest market report published by Credence Research, Inc. “Global Lane Departure Warning System Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Global Lane Departure Warning System Market generated revenue of around USD 8394.2 million in 2021 and is anticipated to grow a CAGR of over 13.50% during the forecast period from 2022 to 2028 to reach around USD 17945.46 million in 2028. 

The rapid expansion and increasing use of automated technology in the automotive industry are two key factors supporting a positive outlook for the market. Additionally, the market is expanding faster because of the surge in traffic fatalities caused by negligent drivers. LDWS is typically used to protect pedestrians and passengers in passenger cars and other commercial vehicles. Advanced driver assistance systems (ADAS) development and growing public awareness of the significance of traffic safety are two more factors that will fuel expansion. By automatically directing automobiles back to the correct lane, these technologies assist drivers in maintaining their focus, decreasing unintended lane departures, and preventing accidents. An additional factor projected to drive market growth is the incorporation of cutting-edge systems like data fusion, video sensing, and radar sensing into a single module.

The lane departure warning system market is segregated into product type, sensor, end-use application, sales channel, and geography. Based on product type, the lane departure warning system market is categorized into lane departure alert systems and lane keeping systems (LKS). Based on the sensor, the lane departure warning system market is segmented into a video sensor lane departure warning system, a laser sensor lane departure warning system, and an infrared sensor lane departure warning system. Based on the end-use application, the lane departure warning system market is segmented into PCV lane departure warning systems, LCV lane departure warning systems, and HCV lane departure warning systems. Based on the sales channel, the lane departure warning system market is segmented into lane departure warning systems for OEMs and lane departure warning systems for aftermarkets. Based on geography, the market for lane departure warning systems is segmented into North America, Latin America, Asia-Pacific, Europe, and the Middle East and Africa.

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In 2021, Europe will dominate the global lane departure warning system market because of the strict regulations governing automobile safety. The demand for vehicles with power-assisted steering, driver aid systems, and lane departure warning systems is expected to increase in the region, which will also increase the need for lane departure warning systems. There is an increase in the demand for vehicles with driver assistance systems such as PAS, LDWS, and BSD, which will likely increase the cost of LDWS in Europe. Also projected is an increase in demand for vehicles equipped with power-assisted steering, driver aid systems, and lane departure warning systems.

Why To Buy This Report-

  • The report provides a qualitative and quantitative analysis of the global lane departure warning system market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, base year- 2021, and forecast period 2022-2028.
  • The report contains information related to the competitive landscape, like how the key players in the market are operating at a global, regional, and country level
  • In-depth analysis of the global lane departure warning system market segmentation based on the product type, sensor, end-use application and sales channel.
  • Major countries in each region with their import/export statistics
  • The global lane departure warning system market report also includes analyzing the global, regional, and country levels, key market trends, significant players analysis, market growth strategies, and key application areas.

Table of Content

1. Preface

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. Target Audience

1.1.3. USP and Key Offerings

1.2. Research Scope

1.3. Research Methodology

1.3.1. Phase I – Secondary Research

1.3.2. Phase II – Primary Research

1.3.3. Phase III – Expert Panel Review

1.3.4. Approach Adopted

1.3.4.1. Top-Down Approach

1.3.4.2. Bottom-Up Approach

1.3.5. Assumptions

1.4. Market Segmentation

2. Executive Summary

2.1. Market Snapshot: Global Lane Departure Warning System Market

2.2. Global Lane Departure Warning System Market, By Product Type

2.3. Global Lane Departure Warning System Market, By Sensor

2.4. Global Lane Departure Warning System Market, By End Use Application

2.5. Global Lane Departure Warning System Market, By Sales Channel

2.6. Global Lane Departure Warning System Market, By Region

3. Market Dynamics & Factors Analysis

3.1. Introduction

3.1.1. Global Lane Departure Warning System Market Value, 2016-2028, (US$ Bn)

3.2. Market Dynamics

3.2.1. Key Growth Trends

3.2.2. Market Drivers

3.2.3. Market Restraints

3.2.4. Market Opportunities

3.2.5. Major Industry Challenges

3.3. Attractive Investment Proposition,2021

3.3.1. Product Type

3.3.2. Sensor

3.3.3. End Use Application

3.3.4. Sales Channel

3.3.5. Geography

4. Premium Insights

4.1. STAR (Situation, Task, Action, Results) Analysis

4.2. Porter’s Five Forces Analysis

4.2.1. Threat of New Entrants

4.2.2. Bargaining Power of Buyers/Consumers

4.2.3. Bargaining Power of Suppliers

4.2.4. Threat of Substitute Types

4.2.5. Intensity of Competitive Rivalry

4.3. Value Chain Analysis

4.4. Technology Analysis

4.5. Marketing Strategy Analysis

4.5.1. Direct Marketing

4.5.2. Indirect Marketing

4.5.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2021

5.1. Company market share of key players, 2021

5.2. Competitive Benchmarking

5.3. Market Positioning of Key Vendors

5.4. Geographical Presence Analysis

5.5. Major Strategies Adopted by Key Players

5.5.1. Key Strategies Analysis

5.5.2. Mergers and Acquisitions

5.5.3. Partnerships

5.5.4. Product Launch

5.5.5. Geographical Expansion

5.5.6. Others

6. COVID 19 Impact Analysis

6.1. Global Lane Departure Warning System Market Pre Vs Post COVID 19, 2019 – 2028

6.2. Impact on Import & Export

6.3. Impact on Demand & Supply

7. Global Internet of Things Market

7.1. Global Lane Departure Warning System Market, by Product Type, 2016-2028(US$ Bn)

7.1.1. Overview

7.1.2. Global Lane Departure Warning System Market, By Product Type, 2021 vs 2028 (in%)

7.1.3. Global Lane Departure Warning System Market, By Lane Departure Alert System, 2016-2028 (US$ Bn)

7.1.4. Global Lane Departure Warning System Market, By Lane Keeping System (LKS), 2016-2028 (US$ Bn)

7.2. Global Lane Departure Warning System Market, by Sensor, 2016-2028(US$ Bn)

7.2.1. Overview

7.2.2. Global Lane Departure Warning System Market, By Sensor, 2021 vs 2028 (in%)

7.2.3. Global Lane Departure Warning System Market, By Video Sensor Lane Departure Warning System, 2016-2028 (US$ Bn)

7.2.4. Global Lane Departure Warning System Market, By Laser Sensor Lane Departure Warning System, 2016-2028 (US$ Bn)

7.2.5. Global Lane Departure Warning System Market, By Infrared Sensor Lane Departure Warning System, 2016-2028 (US$ Bn)

7.3. Global Lane Departure Warning System Market, by End Use Application, 2016-2028(US$ Bn)

7.3.1. Overview

7.3.2. Global Lane Departure Warning System Market, By End Use Application, 2021 vs 2028 (in%)

7.3.3. Global Lane Departure Warning System Market, By PCV Lane Departure Warning System, 2016-2028 (US$ Bn)

7.3.4. Global Lane Departure Warning System Market, By LCV Lane Departure Warning System, 2016-2028 (US$ Bn)

7.3.5. Global Lane Departure Warning System Market, By HCV Lane Departure Warning System, 2016-2028 (US$ Bn)

7.4. Global Lane Departure Warning System Market, by Sales Channel, 2016-2028(US$ Bn)

7.4.1. Overview

7.4.2. Global Lane Departure Warning System Market, By Sales Channel, 2021 vs 2028 (in%)

7.4.3. Global Lane Departure Warning System Market, By Lane Departure Warning Systems for OEMs, 2016-2028 (US$ Bn)

7.4.4. Global Lane Departure Warning System Market, By Lane Departure Warning Systems for Aftermarkets, 2016-2028 (US$ Bn

8. North America Lane Departure Warning System Market Analysis

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9. Europe Lane Departure Warning System Market Analysis

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10. Asia Pacific Lane Departure Warning System Market Analysis

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11. Latin America Lane Departure Warning System Market Analysis

……..

12. Middle East and Africa Lane Departure Warning System Market Analysis

12.1. Middle East and Africa Lane Departure Warning System Market, by Product Type, 2016-2028(US$ Bn)

12.1.1. Overview

12.1.2. SRC Analysis

12.2. Middle East and Africa Lane Departure Warning System Market, by Sensor, 2016-2028(US$ Bn)

12.2.1. Overview

12.2.2. SRC Analysis

12.3. Middle East and Africa Lane Departure Warning System Market, by End Use Application, 2016-2028(US$ Bn)

12.3.1. Overview

12.3.2. SRC Analysis

12.4. Middle East and Africa Lane Departure Warning System Market, by Sales Channel, 2016-2028(US$ Bn)

12.4.1. Overview

12.4.2. SRC Analysis

12.5. Middle East and Africa Lane Departure Warning System Market, by Country, 2016-2028 (US$ Bn)

12.5.1. GCC Countries

12.5.1.1. GCC Countries il Lane Departure Warning System Market Estimates and Forecast, 2016-2028 (US$ Bn)

12.5.1.2. GCC Countries Lane Departure Warning System, By Product Type, 2016-2028 (US$ Bn)

12.5.1.3. GCC Countries Lane Departure Warning System, By Sensor, 2016-2028 (US$ Bn)

12.5.1.4. GCC Countries Lane Departure Warning System, By End Use Application, 2016-2028 (US$ Bn)

12.5.1.5. GCC Countries Lane Departure Warning System, By Sales Channel, 2016-2028 (US$ Bn)

12.5.2. South Africa

12.5.2.1. South Africa Lane Departure Warning System Market Estimates and Forecast, 2016-2028 (US$ Bn)

12.5.2.2. South Africa Lane Departure Warning System, By Product Type, 2016-2028 (US$ Bn)

12.5.2.3. South Africa Lane Departure Warning System, By Sensor, 2016-2028 (US$ Bn)

12.5.2.4. South Africa Lane Departure Warning System, By End Use Application, 2016-2028 (US$ Bn)

12.5.2.5. South Africa Lane Departure Warning System, By Sales Channel, 2016-2028 (US$ Bn)

12.5.3. Rest of Middle East and Africa

12.5.3.1. Rest of Middle East and Africa Lane Departure Warning System Market Estimates and Forecast, 2016-2028 (US$ Bn)

12.5.3.2. Rest of Middle East and Africa Lane Departure Warning System, By Product Type, 2016-2028 (US$ Bn)

12.5.3.3. Rest of Middle East and Africa Lane Departure Warning System, By Sensor, 2016-2028 (US$ Bn)

12.5.3.4. Rest of Middle East and Africa Lane Departure Warning System, By End Use Application, 2016-2028 (US$ Bn)

12.5.3.5. Rest of Middle East and Africa Lane Departure Warning System, By Sales Channel, 2016-2028 (US$ Bn)

13. Company Profiles

13.1. Robert Bosch GmbH

13.1.1. Company Overview

13.1.2. Products/Services Portfolio

13.1.3. Geographical Presence

13.1.4. Financial Summary

13.1.4.1. Market Revenue and Net Profit (2019-2021)

13.1.4.2. Business Segment Revenue Analysis

13.1.4.3. Geographical Revenue Analysis

13.2. Denso Corporation

13.3. Continental AG

13.4. Delphi Automotive LLP

13.5. ZF TRW

13.6. Autoliv Inc.

13.7. Mobileye

13.8. Magna International Inc.

13.9. WABCO

13.10. Bendix Commercial Vehicles System LLC 

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