The global lane keep assist system market size is expected to reach around US$ 44.51 billion by 2030 from US$ 7.55 billion in 2021 and is expected to grow at an impressive double-digit rate of 21.8% from 2022 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global lane keep assist system market for the period 2017-2030, wherein 2022 to 2030 is the forecast period and 2021 is considered as the base year.
The lane keep assist systems assists the driver by keeping the automobile in the center of the lane throughout the whole speed range. By assisting the driver with his lateral control task, the device attempts to improve comfort. It necessitates the driver’s maintaining his grip on the steering wheel. The lane keep assist systems can be used in conjunction with adaptive cruise control to provide both lateral and longitudinal control. The driver can readily override the system at any time.
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Market Estimations Y-O-Y:
- Market Size Was Valued In 2021: US$ 7.55 Billion
- Market Size Is Projected to Grow By 2022: US$ 9.19 Billion
- Market Size Is Projected to Grow By 2023: US$ 11.19 Billion
- Market Size Is Projected to Grow By 2024: US$ 13.62 Billion
- Market Size Is Projected to Grow By 2025: US$ 16.59 Billion
- Market Size Is Projected to Grow By 2026: US$ 20.2 Billion
- Market Size Is Projected to Grow By 2027: US$ 24.61 Billion
- Market Size Is Projected to Grow By 2028: US$ 29.98 Billion
- Market Size Is Projected to Grow By 2029: US$ 36.53 Billion
- Market Size Is Projected to Grow By 2030: US$ 44.51 Billion
- Compound Annual Growth Rate (CAGR) from 2022 to 2030: 44.51 percent
Market Dynamics:
Drivers
- Growing autonomous vehicles market
- Increasing focus of governments of several nations to reduce road accidents
- Rise in demand for passenger safety
Restraints
- Data accuracy requires timely updates
- Sensors of the lane keep assist system are unable to detect faded lane markings
Opportunities
- Advancements in camera technologies
- Government emphasis on active safety systems for automobiles
- Decline in vehicle loan rates and awareness of advance safety features
Why should you invest in this report?
If you are aiming to enter the global lane keep assist system market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for lane keep assist system are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Some of the prominent players in the global lane keep assist system market include:
- ZF Friedrichshafen AG
- Denso Corporation
- Gentex Corporation
- Robert Bosch GmbH
- Continental AG
- Sensata Technologies Inc.
- Magna International Inc.
- Panasonic Corporation
- Visteon Corporation
- Hitachi Ltd.
Segments Covered in the Report
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 Vehicles
- Commercial Vehicles
By Distribution Channel
- Original Equipment Manufacturers (OEMs)
- Aftermarket
Regional Analysis:
The geographical analysis of the global lane keep assist system market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global lane keep assist system Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global lane keep assist system market in 2030?
- What is the expected CAGR for the lane keep assist system market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global lane keep assist system market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Lane Keep Assist System Market
5.1. COVID-19 Landscape: Lane Keep Assist System Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Lane Keep Assist System Market, By Function Type
8.1. Lane Keep Assist System Market, by Function Type, 2021-2030
8.1.1. Lane Keeping System
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Lane Departure Warning
8.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Lane Keep Assist System Market, By Component
9.1. Lane Keep Assist System Market, by Component, 2021-2030
9.1.1. Vision Sensor/Camera
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Electronic Power-Assisted Steering (EPAS) Actuator
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Electronic Control Unit
9.1.3.1. Market Revenue and Forecast (2019-2030)
9.1.4. Others
9.1.4.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Lane Keep Assist System Market, By Vehicle Type
10.1. Lane Keep Assist System Market, by Vehicle Type, 2021-2030
10.1.1. Passenger Vehicles
10.1.1.1. Market Revenue and Forecast (2019-2030)
10.1.2. Commercial Vehicle
10.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 11. Global Lane Keep Assist System Market, By Distribution Channel
11.1. Lane Keep Assist System Market, by Distribution Channel, 2021-2030
11.1.1. Original Equipment Manufacturers (OEMs)
11.1.1.1. Market Revenue and Forecast (2019-2030)
11.1.2. Aftermarket
11.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 12. Global Lane Keep Assist System Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Function Type (2019-2030)
12.1.2. Market Revenue and Forecast, by Component (2019-2030)
12.1.3. Market Revenue and Forecast, by Vehicle Type (2019-2030)
12.1.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Function Type (2019-2030)
12.1.5.2. Market Revenue and Forecast, by Component (2019-2030)
12.1.5.3. Market Revenue and Forecast, by Vehicle Type (2019-2030)
12.1.5.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Function Type (2019-2030)
12.1.6.2. Market Revenue and Forecast, by Component (2019-2030)
12.1.6.3. Market Revenue and Forecast, by Vehicle Type (2019-2030)
12.1.6.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Function Type (2019-2030)
12.2.2. Market Revenue and Forecast, by Component (2019-2030)
12.2.3. Market Revenue and Forecast, by Vehicle Type (2019-2030)
12.2.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Function Type (2019-2030)
12.2.5.2. Market Revenue and Forecast, by Component (2019-2030)
12.2.5.3. Market Revenue and Forecast, by Vehicle Type (2019-2030)
12.2.5.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Function Type (2019-2030)
12.2.6.2. Market Revenue and Forecast, by Component (2019-2030)
12.2.6.3. Market Revenue and Forecast, by Vehicle Type (2019-2030)
12.2.6.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Function Type (2019-2030)
12.2.7.2. Market Revenue and Forecast, by Component (2019-2030)
12.2.7.3. Market Revenue and Forecast, by Vehicle Type (2019-2030)
12.2.7.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Function Type (2019-2030)
12.2.8.2. Market Revenue and Forecast, by Component (2019-2030)
12.2.8.3. Market Revenue and Forecast, by Vehicle Type (2019-2030)
12.2.8.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Function Type (2019-2030)
12.3.2. Market Revenue and Forecast, by Component (2019-2030)
12.3.3. Market Revenue and Forecast, by Vehicle Type (2019-2030)
12.3.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Function Type (2019-2030)
12.3.5.2. Market Revenue and Forecast, by Component (2019-2030)
12.3.5.3. Market Revenue and Forecast, by Vehicle Type (2019-2030)
12.3.5.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Function Type (2019-2030)
12.3.6.2. Market Revenue and Forecast, by Component (2019-2030)
12.3.6.3. Market Revenue and Forecast, by Vehicle Type (2019-2030)
12.3.6.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Function Type (2019-2030)
12.3.7.2. Market Revenue and Forecast, by Component (2019-2030)
12.3.7.3. Market Revenue and Forecast, by Vehicle Type (2019-2030)
12.3.7.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Function Type (2019-2030)
12.3.8.2. Market Revenue and Forecast, by Component (2019-2030)
12.3.8.3. Market Revenue and Forecast, by Vehicle Type (2019-2030)
12.3.8.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Function Type (2019-2030)
12.4.2. Market Revenue and Forecast, by Component (2019-2030)
12.4.3. Market Revenue and Forecast, by Vehicle Type (2019-2030)
12.4.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Function Type (2019-2030)
12.4.5.2. Market Revenue and Forecast, by Component (2019-2030)
12.4.5.3. Market Revenue and Forecast, by Vehicle Type (2019-2030)
12.4.5.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Function Type (2019-2030)
12.4.6.2. Market Revenue and Forecast, by Component (2019-2030)
12.4.6.3. Market Revenue and Forecast, by Vehicle Type (2019-2030)
12.4.6.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Function Type (2019-2030)
12.4.7.2. Market Revenue and Forecast, by Component (2019-2030)
12.4.7.3. Market Revenue and Forecast, by Vehicle Type (2019-2030)
12.4.7.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Function Type (2019-2030)
12.4.8.2. Market Revenue and Forecast, by Component (2019-2030)
12.4.8.3. Market Revenue and Forecast, by Vehicle Type (2019-2030)
12.4.8.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Function Type (2019-2030)
12.5.2. Market Revenue and Forecast, by Component (2019-2030)
12.5.3. Market Revenue and Forecast, by Vehicle Type (2019-2030)
12.5.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Function Type (2019-2030)
12.5.5.2. Market Revenue and Forecast, by Component (2019-2030)
12.5.5.3. Market Revenue and Forecast, by Vehicle Type (2019-2030)
12.5.5.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Function Type (2019-2030)
12.5.6.2. Market Revenue and Forecast, by Component (2019-2030)
12.5.6.3. Market Revenue and Forecast, by Vehicle Type (2019-2030)
12.5.6.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)
Chapter 13. Company Profiles
13.1. ZF Friedrichshafen AG
13.1.1. Company Overview
13.1.2. Function Type Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Denso Corporation
13.2.1. Company Overview
13.2.2. Function Type Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Gentex Corporation
13.3.1. Company Overview
13.3.2. Function Type Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Robert Bosch GmbH
13.4.1. Company Overview
13.4.2. Function Type Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Continental AG
13.5.1. Company Overview
13.5.2. Function Type Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Sensata Technologies Inc.
13.6.1. Company Overview
13.6.2. Function Type Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Magna International Inc.
13.7.1. Company Overview
13.7.2. Function Type Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Panasonic Corporation
13.8.1. Company Overview
13.8.2. Function Type Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Visteon Corporation
13.9.1. Company Overview
13.9.2. Function Type Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Hitachi Ltd.
13.10.1. Company Overview
13.10.2. Function Type Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
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