PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1424436
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1424436
Lane Keep Assist System Market, By Component Type, By Sensor Type, By Vehicle Type, By Level of Autonomy, By Electric Vehicle Type, By Geography
The lane keep assist system market size is estimated to be valued at US$ 4,700.2 Mn in 2023 and is expected to reach US$ 11,761.2 Mn by 2030, exhibiting a compound annual growth rate (CAGR) of 14% from 2023 to 2030.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2022 | Market Size in 2023/2024: | US$ 4,700.2 Mn |
| Historical Data for: | 2017 to 2021 | Forecast Period: | 2023 - 2030 |
| Forecast Period 2023/2024 to 2030/2031 CAGR: | 14.00% | 2030/2031 Value Projection: | US$ 11,761.2 Mn |
Lane keep assist system is an advanced driver assistance system (ADAS) that helps in preventing accidents that are caused by unintentional lane departures. It uses various sensors and cameras to detect the lane markings on the road and provides corrective actions to the driver to keep the vehicle within the lane. The system works by providing visual, audible, or haptic warnings to the driver when the vehicle starts to drift out of the lane. In some cases, it can also apply gentle steering inputs to keep the vehicle centered in the lane.
Increasing number of road accidents due to lane departures has led to the growing adoption of lane keep assist systems in vehicles. Governments across the globe are also implementing stringent regulations to improve road safety, which is further driving the demand for these systems. Rising consumer awareness about the benefits of ADAS technologies and the increasing focus on vehicle safety are fueling the market growth.
Market Dynamics:
The lane keep assist system market is expected to witness significant growth during the forecast period. The key drivers for this growth include the increasing demand for advanced safety features in vehicles, the growing number of road accidents, and the stringent government regulations regarding vehicle safety. The lane keep assist system helps in reducing the risk of accidents caused by lane departures, thereby improving road safety.
However, there are certain factors that may restrain the market growth. The high cost of advanced driver assistance systems and the complexity of integrating these systems into vehicles can act as barriers to market growth. The lack of awareness among consumers about the benefits of lane keep assist systems may also hinder the market growth.
Despite these challenges, there are several opportunities for market players to capitalize on. Increasing adoption of electric vehicles and the development of autonomous driving technologies are expected to create new opportunities for lane keep assist system manufacturers. Moreover, the advancements in sensor technologies and the integration of artificial intelligence (AI) are expected to enhance the performance and capabilities of these systems, further driving the market growth.
Key Features of the Study:
- This report provides in-depth analysis of the lane keep assist system market, including market size (US$ Mn) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- Key companies covered as a part of this study include Robert Bosch, Denso Corporation, Continental AG, Valeo, ZF Friedrichshafen, Hyundai Mobis, Delphi Automotive, Magna International, and Hella
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The lane keep assist system market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the lane keep assist system market
Detailed Segmentation:
- Lane Keep Assist System Market, By Component Type:
- Camera
- Software Module
- ECU
- Sensors
- Others
- Lane Keep Assist System Market, By Sensor Type:
- Radar Sensor
- LiDAR Sensor
- Infrared Sensor
- Ultrasonic Sensor
- Image Sensor
- Others
- Lane Keep Assist System Market, By Vehicle Type:
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Lane Keep Assist System Market, By Level of Autonomy:
- Level 1
- Level 2
- Level 3
- Level 4
- Level 5
- Lane Keep Assist System Market, By Electric Vehicle Type:
- BEV
- HEV
- PHEV
- FCEV
- Lane Keep Assist System Market, By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
- Top Companies in Lane Keep Assist System Market:
- Robert Bosch
- Denso Corporation
- Continental AG
- Valeo
- ZF Friedrichshafen
- Hyundai Mobis
- Delphi Automotive
- Magna International
- Valeo
- Hella
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Lane Keep Assist System Market, By Component Type
- Lane Keep Assist System Market, By Sensor Type
- Lane Keep Assist System Market, By Vehicle Type
- Lane Keep Assist System Market, By Level of Autonomy
- Lane Keep Assist System Market, By Electric Vehicle Type
- Lane Keep Assist System Market, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Increasing adoption of ADAS features in mid-range and economy vehicles
- Government regulations pertaining to vehicle safety
- Increasing development of autonomous vehicles
- Restraints
- High integration and maintenance cost
- Privacy and data security concerns
- Opportunities
- Growing traction for high level autonomous vehicles
- Increasing adoption of commercial vehicles and fleets
- Rising demand for electric vehicles
- Key Highlights
- Regulatory Scenario
- Recent Trends
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Mergers, Acquisitions, and Collaborations
4. Lane Keep Assist System Market - Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
5. Lane Keep Assist System Market, By Component Type, 2017-2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Camera
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
- Software Module
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
- Electronic Control Unit (ECU)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
- Sensors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
6. Lane Keep Assist System Market, By Sensor Type, 2017-2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2023and 2030 (%)
- Y-o-Y Growth Analysis, 2018- 2030
- Segment Trends
- Radar Sensor
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
- LiDAR Sensor
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
- Infrared Sensor
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
- Ultrasonic Sensor
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
- Image Sensor
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
7. Lane Keep Assist System Market, By Vehicle Type, 2017-2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2023and 2030 (%)
- Y-o-Y Growth Analysis, 2018- 2030
- Segment Trends
- Passenger Cars
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
- Light Commercial Vehicles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
- Heavy Commercial Vehicles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
8. Lane Keep Assist System Market, By Level of Autonomy, 2017-2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2023and 2030 (%)
- Y-o-Y Growth Analysis, 2018- 2030
- Segment Trends
- Level 1
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
- Level 2
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
- Level 3
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
- Level 4
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
- Level 5
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
9. Lane Keep Assist System Market, By Electric Vehicle Type, 2017-2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2023and 2030 (%)
- Y-o-Y Growth Analysis, 2018- 2030
- Segment Trends
- BEV
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
- HEV
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
- PHEV
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
- FCEV
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
10. Lane Keep Assist System Market, By Region, 2017-2030, (US$ Mn)
- Introduction
- Market Share Analysis, By Sub-region, 2023and 2030 (%)
- Y-o-Y Growth Analysis, For Sub-region, 2018-2030
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Component Type, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Sensor Type, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Level of Autonomy, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Electric Vehicle Type, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030,(US$ Mn)
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Component Type, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Sensor Type, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Level of Autonomy, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Electric Vehicle Type, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030,(US$ Mn)
- Germany
- U.K.
- France
- Russia
- Spain
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Component Type, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Sensor Type, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Level of Autonomy, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Electric Vehicle Type, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030,(US$ Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Component Type, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Sensor Type, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Level of Autonomy, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Electric Vehicle Type, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030,(US$ Mn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Component Type, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Sensor Type, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Level of Autonomy, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Electric Vehicle Type, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Sub-region, 2017-2030,(US$ Mn)
- GCC Countries
- Israel
- South Africa
- Central Africa
- North Africa
- Rest of Middle East
11. Competitive Landscape
- Company Profile
- Robert Bosch
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Denso Corporation
- Continental AG
- ZF Friedrichshafen
- Hyundai Mobis
- Delphi Automotive
- Magna International
- Valeo
- Hella
- Analyst Views
12. Section
- References
- Research Methodology
- About us
