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Automotive Lane Warning System Market Research Report - Global Forecast 2030

Automotive Lane Warning System Market Information Report, By Functioning (Lane departure warning, Lane keeping system), By Sensor Type (Video sensors, Laser sensors and Infrared sensors), by Vehicle Type (Passenger Vehicles and Commercial Vehicles), by End Market (OEMs and Aftermarket) and By Region - Forecast To 2030

ID: MRFR/AM/3246-HCR | December 2022 | Region: Global | 100 Pages         

Automotive Lane Warning System Market

Automotive Lane Warning System Market size is anticipated to register a CAGR of 14.3% between 2022 and 2030 to reach an approximate value of USD 5,940 Million by 2030.

Segmentation

By Functioning Lane departure warning Lane keeping system
By Sensor Type Video sensors Laser sensors Infrared sensors
By Vehicle Type Passenger Vehicles Commercial Vehicles
By End Market OEMs Aftermarket

Key Players

  • Robert Bosch (Germany)
  • Denso Corporation (Japan)
  • Continental AG (Germany)
  • Autoliv Inc (Sweden)
  • Delphi (UK)
  • Magna International (Canada)
  • ZF TRW (US)
  • Nissan (Japan)
  • Hitachi Automotive Systems (Japan)
  • Mobileye (Israel)

Drivers

  • Increasing number of accidents
  • Growing awareness about road safety
  • Safety system design
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 Automotive Lane Warning System Market Synopsis


Automotive lane warning system market is expected to grow USD 5,940 million at a CAGR 14.30% during the forecast period. The automotive industry has evolved tremendously, in terms of technological advancements in both passenger and commercial vehicles, in the last few years. The automotive lane warning system is one such recent advancement that has been acknowledged in the global market.


Automotive lane warning system is another active safety system designed for passenger safety. It helps the driver avoid distractions and errors when the car departs from the lane. Whenever, the driver finds distractions and errors, the system offers visual, vibrational and audible warning to the driver to avoid such conditions. As a technology, it has gained much attention, especially in the way to adopting these vehicles.

The prominent players in the automotive lane warning system market include Robert Bosch (Germany), Denso Corporation (Japan), Continental AG (Germany), Autoliv Inc (Sweden), Delphi (UK), Magna International (Canada), ZF TRW (US), Nissan (Japan), Hitachi Automotive Systems (Japan), and Mobileye (Israel).


The automotive lane warning system market is benefiting by the rise in concerns about car safety. Also, upon experiencing high demand, several manufacturers have implemented this technology into both, passenger and commercial vehicles. Moreover, the increasing number of accidents, and growing awareness about road safety, are driving the demand for automotive lane warning system in the global market. Furthermore, the government regulatory policies regarding road safety, are also expected to boost the demand. In spite of these factors, the higher cost of technology, and availability of the system in luxury vehicles alone, are expected to hinder the market growth. The global automotive lane warning market is expected to grow at 14.3% CAGR during forecast period.


For the purpose of this study, the global automotive lane warning system market has been divided, based on functioning, sensor types, vehicle types, end market and regions. On the basis of functioning, the market has been segmented as lane departure warning, and lane keeping system. The sensor type segment has been segmented as video sensors, laser sensors and infrared sensors. On the basis of vehicle type, the market has been segmented as passenger vehicles and commercial vehicles. The end market segments are OEMs and aftermarket.


Based on regions, the global automotive lane warning system market has been divided as North America, Europe, Asia Pacific and Rest of the World. Europe has accounted for the largest market share, in 2016, followed by North America and Asia Pacific. In Europe, there has been rise in the sales of luxury vehicles, which has augmented the demand for automotive lane warning system. Additionally, the growing road safety awareness, and strict government regulations have augmented the market growth. Germany, UK and France are the leading countries in Europe, which have fuelled the growth of the market. North America and Asia Pacific are the second and third leading regions, in terms of revenue.


The report for Global Automotive Lane Warning System Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.



Report Scope:

Report Attribute/Metric Details
  Market Size   2030: USD 5,940 Million
  CAGR   14.3% CAGR (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Technology, By End Market, By Application, By Vehicle type
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Robert Bosch (Germany), Denso Corporation (Japan), Continental AG (Germany), Autoliv Inc (Sweden), Delphi (UK), Magna International (Canada), ZF TRW (US), Nissan (Japan), Hitachi Automotive Systems (Japan), and Mobileye (Israel)
  Key Market Opportunities   Safety system design
  Key Market Drivers

  • Increasing number of accidents
  • Growing awareness about road safety


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    Frequently Asked Questions (FAQ) :

    A 14.3% CAGR is expected to spur the global market in the coming years.

    Nissan (Japan), Delphi (UK), Magna International (Canada), Autoliv Inc (Sweden), and ZF TRW (US) are the contenders in the market.

    The revenue level of the market is expected to develop USD 5,940 Million in the forecast period.

    The rising awareness of car safety standards is estimated to offer an advantage to the market’s development in the forecast period.

    The European region is estimated to acquire prominence in the market during the forecast period.