Global Automotive Lane Keep Assist System Market 2017-2021

Overview of the global automotive lane keep assist system market

According to Technavio’s research analysis, the rising adoption of automotive safety systems by OEMs will be one of the major factors that will have a positive impact on the growth of the automotive lane keep assist system (LKAS) market till 2021. With the introduction of stringent traffic regulations, automotive OEMs across the globe are increasingly focusing on passenger safety. The adoption of active safety systems provides increased assistance in controling the vehicle and avoids accidents during critical situations. Since these devices help in preventing and minimizing the effects of a crash, OEMs are equipping their products with active safety systems with electronic control units such as engine stability programs, intelligent parking assistance systems, ABS, ACC, BSD, NVS, LDWS, and LKAS. Our market research analysts predict that this lane assist system market will grow at a CAGR of almost 24% by 2021.

Advancements in camera technologies will be one of the key trends that will gain traction in the automotive lane keep assist system market in the coming years. Though the side and rear-view mirrors help drivers track the vehicle activity, it is quite difficult to track vehicles near the corners or tail of the vehicles. This challenge will drive the adoption of cameras that can offer a wide view of vision. The NHTSA has already requested the American Automobile Association to make changes to the regulations introduced in 1968 that mandated the usage of side and rear-view mirrors in passenger cars and replace them with cameras.

Competitive landscape and key vendors

The automotive lane keep assist system market has the presence of a considerable number of players. The introduction of stringent safety regulations by governments across the globe induces OEMs to design advanced safety systems to differentiate their products. This offers growth opportunities to players in this lane assist system market. Moreover, the increasing awareness among the consumers about the rising number of road accidents will also drive the sales of vehicles with LKAS.

The leading vendors in the market are –

• Bosch
• Continental
• Delphi
• Denso
• Mobileye
• Valeo

The other prominent vendors in the market are Aisin Seiki, Autoliv, Calsonic Kansei, Hyundai Mobis, Magna, Panasonic, Visteon, WABCO, and ZF-TRW.

Segmentation by application and analysis of the automotive lane keep assist system market

• Passenger vehicles
• M&LCV

During 2016, the passenger vehicles segment accounted for the major shares of the automotive lane keep assist system market. Factors such as the increased adoption of ADAS systems in most of the passenger cars and the growing concerns about road safety, will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the automotive lane keep assist system market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, EMEA will be the major revenue contributor to the automotive lane keep assist system market throughout the forecast period. Factors such as the growing safety concerns among the consumers and the government, the introduction of stringent safety regulation, and the rising demand for vehicles equipped with ADAS, will drive the growth prospects of the lane assist system market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global automotive lane keep assist system market?
• What are the key market trends impacting the growth of the global automotive lane keep assist system market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive lane keep assist system market?
• What are the market opportunities and threats faced by the vendors in the global automotive lane keep assist system market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global automotive lane keep assist system market?

Technavio also offers customization on reports based on specific client requirement.

One of the primary factors which are driving the growth of the global automotive lane keep assist system market is the increased safety awareness among automotive end-users and the requirement of safe driving on the highway. This upcoming research report on the global automotive lane keep assist system market offers deep insights into the major trends and drivers influencing the growth of the automotive industry. Our reports for the automotive industry implements a unique method for data collection, which enables our industry experts to analyze fast growing market segments like automotive electronics.

Our industry experts implement an extensive research approach of primary and secondary data collection methods and assess the changing demand-supply landscape of the automotive electronics sector. Few of the key approaches involved in this methodology are detailed vendor briefing, online surveys, and consultation of industry journals and publications. Also, by considering the market forecast and size, surging demand for various segments of the enterprise application sector, the market research professionals at Technavio present an all-inclusive picture of the automotive lane keep assist system market from 2017 to 2021.

To help the clients gain a better understanding of the automotive lane keep assist system market, this report covers vendors like Bosch, Continental, Denso, ZF, and Daimler. Moreover, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the automotive lane keep assist system market also covers geographies like the Americas, APAC, and EMEA.

The upcoming industry research report on the automotive lane keep assist system market also categorizes the changing drivers, prominent trends, and  the imminent restraints that the automotive electronics sector currently experiences. This upcoming report on the automotive lane keep assist system market presents insights into the rapidly changing competitive landscape to give clients a complete outlook of the forthcoming events within the automotive industry. Technavio also offers in-depth market assessments into the sectors such as automotive manufacturing and automotive manufacturing.

Our market research methodology for the automotive lane keep assist system market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.