Lane Keep Assist System Market By Function Type (Lane Keeping System, Lane Departure Warning), By Component (Vision Sensor/Camera, Electronic Power Assisted Steering (EPAS) Actuator, Electronic Control Unit, Others), By Vehicle Type (Passenger Car, Commercial Vehicle), By Propulsion (ICE, Electric and Hybrid, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
Lane keep assist (LKA) is an electronic assistance system, which uses vision sensors (video or image) to detect the lane and current position of vehicles to control lateral motion and prevent lane departure. If the vehicle’s distance to the lane markings falls below a defined minimum, the system steps in. In vehicles with electric power steering, it gently, but noticeably counter steers to keep the vehicle in the lane.The global automotive industry has experienced tremendous transformation in past few years. The ever-growing demand for passenger safety and comfort is making vehicle manufacturers focus incessantly on forming new design experiences by enabling efficient incorporation of new technologies and processes such as lane keep assist system which is fueling the growth of the market.
The lane keep assist system market is segmented on the basis of function type, component, vehicle type, propulsion, and region. By function type, it is bifurcated into direct lane keeping system, and lane departure Warning. By component, it is classified into vision sensor/camera, electronic power assisted steering (EPAS) actuator, electronic control unit, and others. By vehicle type, it is divided into passenger vehicles, and commercial vehicles. By propulsion, it is categorized into ICE, electric &hybrid, and alternate fuel vehicle. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights key areas of investments. In addition, it includes Porter’s five forces analysis to understand competitive scenario of the industry and role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights competitive landscape of key players to increase their market share and sustain intense competition in the industry.
Key players that operate in this market include Autolive Inc., Bendix Commercial Vehicle Systems LLC, Continental AG, Delphi Technologies (Borgwarner Inc.), Denso Corporation, Hitachi Ltd., Hyundai Mobis, Magna International Inc., Mobileye, Panasonic Corporation, NXP Semiconductors, Robert Bosch GmbH, Valeo, Visteon Corporation, and ZF Friedrichshafen AG.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the lane keep assist system market analysis from 2021 to 2031 to identify the prevailing lane keep assist system market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the lane keep assist system market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global lane keep assist system market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Propulsion
ICE
Electric and Hybrid
Others
By Function Type
Lane Departure Warning
Lane Keeping System
By Component
Vision Sensor/Camera
Electronic Power Assisted Steering (EPAS) Actuator
Electronic Control Unit
Others
By Vehicle Type
Passenger Car
Commercial Vehicle
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Russia
Netherlands
UK
Poland
Spain
Rest Of Europe
Asia-Pacific
China
India
Japan
South Korea
Asean
Rest Of Asia-Pacific
LAMEA
Brazil
UAE
Saudi Arabia
South Africa
Rest Of LAMEA
Key Market Players
Bendix
CONTINENTAL AG
Delphi Automotive PLC.
Denso Corporation
Hitachi Ltd
HYUNDAI MOBIS
Magna
MOBILEYE
Panasonic Corp.
Robert Bosch GmbH
SDS
VALEO
Visteon
WABCO Holdings Inc.
ZF Friedrichshafen AG
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