Lane Departure Warning System Market to Witness a Healthy Growth During 2018-2027

Published: Fri Sep 27 2019

Lane departure warning system continues to witness lucrative opportunities across the countries on the backdrop of the increasing number of motor vehicles coupled with rise in the demand for lane departure warning system in the aftermarket. Moreover, the growth in the automotive industry and demand for additional safety & security features has influenced the adoption of the advanced driver assistance systems which ultimately enhance the demand for lane departure warning system.

Request for the Report Summary:

A recent study foretells the lane departure warning system market to record an expansion at 14.2% over the forecast period (2018 " 2027). Lane departure warning system continues to witness increased demand from luxury & premium vehicles along with commercial vehicles. OEMs represent the largest revenue in the lane departure system market. 

The demand for alert system segment of lane departure warning system market is estimated to grow at a significant rate during the forecast period. The lane keeping system segment of the lane departure warning system is growing at a relatively slower pace as compared to alert system. The slow growth for the lane keeping system in the market is due to the high price of the system and availability of the system in the premium vehicles. The alert system is lower priced and available in mid-size, luxury, premium cars along with the commercial vehicle. Therefore, it holds more than 70% share in terms of value in 2018.

Request for the Sample of the Report:

Passenger cars vehicle segment holds significant share in lane departure warning system market. Though the light commercial and heavy commercial vehicles are also growing at a significant rate owing to the increasing demand for automotive safety systems in the commercial vehicle segment. Along with this, mandatory installation of lane departure warning system in commercial vehicles in some regions such as Europe is also enhancing the market.

The lane departure warning system market has been evaluated across primary regions such as North America, Latin America, Europe, Japan, Asia Pacific Excluding Japan (APEJ) and Middle East & Africa (MEA). Lane departure warning system market in APEJ is expected to witness promising growth over the forecast period. The market for lane departure warning system in APEJ is estimated to grow at a significant CAGR and will represent a substantial incremental dollar opportunity during the forecast period.

Request for the Report Customization:

About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level " our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

Contact Us

Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Tel: +353-1-4434-232
Tel: +353-1-6111-593

Company: FACTMR
Contact Name: Aman
Contact Email:
Contact Phone: +353-1-4434-232

Visit website »