Dublin, Feb. 09, 2024 (GLOBE NEWSWIRE) -- The "Lane Keep Assist System Market Report: Trends, Forecast and Competitive Analysis to 2030" report has been added to ResearchAndMarkets.com's offering.
The global lane keep assist system market is expected to reach an estimated $10.9 billion by 2030 with a CAGR of 13.7% from 2024 to 2030.
The future of the global lane keep assist system market looks promising with opportunities in the lane keeping system and lane departure warning markets. The major drivers for this market are increasing use of ADAS features in mid-range and economical automobiles, rising worldwide rate of traffic accidents, as well as, stricter traffic laws being implemented and a rise in customer demand for cars with cutting-edge safety features.
List of Lane Keep Assist System Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies lane keep assist system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.
Lane Keep Assist System Market Insights
- Vision sensor/camera will remain the largest segment over the forecast period because it is most widely used sensor in lane keeping assist systems, it provides high resolution visual data that aids in determining the location of the vehicle in relation to lane markers.
- APAC is expected to witness highest growth over the forecast period due to increasing number of cars being produced with cutting-edge driver aid technologies.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the lane keep assist system market?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
Key Topics Covered:
1. Executive Summary
2. Global Lane Keep Assist System Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Lane Keep Assist System Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Lane Keep Assist System Market by Function type
3.3.1: Lane Keeping System
3.3.2: Lane Departure Warning
3.4: Global Lane Keep Assist System Market by Component
3.4.1: Vision Sensor/Camera
3.4.2: Electronic Power Assisted Steering Actuator
3.4.3: Electronic Control Unit
3.4.4: Others
3.5: Global Lane Keep Assist System Market by Propulsion
3.5.1: ICE
3.5.2: Electric and Hybrid
3.5.3: Others
3.6: Global Lane Keep Assist System Market by Vehicle Type
3.6.1: Passenger Car
3.6.2: Commercial Vehicle
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Lane Keep Assist System Market by Region
4.2: North American Lane Keep Assist System Market
4.2.2: North American Lane Keep Assist System Market by Component: Vision Sensor/Camera, Electronic Power Assisted Steering Actuator, Electronic Control Unit, and Others
4.3: European Lane Keep Assist System Market
4.3.1: European Lane Keep Assist System Market by Function type: Lane Keeping System and Lane Departure Warning
4.3.2: European Lane Keep Assist System Market by Component: Vision Sensor/Camera, Electronic Power Assisted Steering Actuator, Electronic Control Unit, and Others
4.4: APAC Lane Keep Assist System Market
4.4.1: APAC Lane Keep Assist System Market by Function type: Lane Keeping System and Lane Departure Warning
4.4.2: APAC Lane Keep Assist System Market by Component: Vision Sensor/Camera, Electronic Power Assisted Steering Actuator, Electronic Control Unit, and Others
4.5: ROW Lane Keep Assist System Market
4.5.1: ROW Lane Keep Assist System Market by Function type: Lane Keeping System and Lane Departure Warning
4.5.2: ROW Lane Keep Assist System Market by Component: Vision Sensor/Camera, Electronic Power Assisted Steering Actuator, Electronic Control Unit, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter's Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Lane Keep Assist System Market by Function type
6.1.2: Growth Opportunities for the Global Lane Keep Assist System Market by Component
6.1.3: Growth Opportunities for the Global Lane Keep Assist System Market by Propulsion
6.1.4: Growth Opportunities for the Global Lane Keep Assist System Market by Vehicle Type
6.1.5: Growth Opportunities for the Global Lane Keep Assist System Market by Region
6.2: Emerging Trends in the Global Lane Keep Assist System Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Lane Keep Assist System Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Lane Keep Assist System Market
6.3.4: Certification and LICEnsing
7. Company Profiles of Leading Players
7.1: Delphi Technologies
7.2: Denso
7.3: Hitachi
7.4: Hyundai Mobis
7.5: Mobileye
7.6: Panasonic
7.7: NXP Semiconductors
For more information about this report visit https://www.researchandmarkets.com/r/72d71e
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