Lane Keep Assist System (LKAS) helps drivers stay centered in their lane by applying steering torque to the electric power steering system when it senses the vehicle drifting out of its lane. This system has gained popularity in premium vehicles to offer enhanced safety. The growing demand for commercial vehicles and emphasis on safety features by fleet operators are expected to drive the adoption of LKAS. The global Lane Keep Assist System Market is estimated to be valued at US$ 4.07 Bn in 2023 and is expected to exhibit a CAGR of 7.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Increased focus on autonomous driving technologies is expected to accelerate the demand for LKAS during the forecast period. Autonomous vehicles require sensors, radars and cameras to sense the surroundings and assist drivers for safe driving. LKAS plays a critical role in level 2 driver-assist systems by detecting lane markings and alerting drivers when the vehicle moves out of the lane. Major automakers are focusing on introducing semi-autonomous trucks equipped with technologies like adaptive cruise control, automatic emergency braking and LKAS that can significantly improve road safety. This focus on developing advanced driver-assistance systems for commercial vehicles will drive the adoption of LKAS globally.
Segment Analysis
The global lane keep assist system market is dominated by the structured light sub-segment. Structured light lane keep assist systems use light patterns to generate 3D representations of the environment for vehicle detection. They offer higher resolution, accuracy and work better even in poor lighting conditions as compared to other technologies like cameras, radar or lidar. This has resulted in their growing popularity among automotive original equipment manufacturers.
Key Takeaways
The Global Lane Keep Assist System Market Share is expected to witness high growth over the forecast period of 2023 to 2030.
Regionally, the Asia Pacific lane keep assist system market accounted for the largest share in 2022 and is expected to maintain its dominance during the forecast period. The growth can be attributed to the rising disposable incomes, rapid economic development and increasing vehicle production in major countries like China and India in the region.
Key players operating in the lane keep assist system market are Azure Biosystems, Inc.,Berthold Technologies GmbH & Co. KG,Carestream Health, Inc.,GE Healthcare,LI-COR Biosciences,PerkinElmer, Inc.,Syngene International Limited,Tecan Trading AG,Thermo Fisher Scientific Inc.,UVItec Limited. These companies are focusing on new product launches and strategic collaborations to gain a competitive edge in the market.
For more insights, Read- https://www.insightprobing.com/lane-keep-assist-system-market-growth-demand-and-overview/
Lane keep assist system market is a technological application of the combination of cameras, sensors, and autonomous assistance applied in vehicles so that the vehicles move in a particular lane.
These systems either inform the driver of the vehicle when the vehicle is drifting from a particular lane, and it is unsafe to do so or there is a risk of collision.
These systems can also be used to automatically drift the steering wheel so that the vehicle comes back into the lane.lane keep assist system market is expected to register a healthy CAGR of 18.35% in the forecast period of 2019-2026.
The report contains data from the base year of 2018 and the historic year of 2017.
This rise in market value can be attributed to the significant adoption of ADAS and a rise of autonomous vehicles prevalent in the market.Get a Sample Copy of Global lane keep assist system market Report to Understand the Complete Insights @https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-lane-keep-assist-system-marketMarket Drivers and Restraints:Rising levels of initiatives and support policies provided by governments to reduce the number of road accidents globally is expected to drive the growth of the marketIncreasing concerns and awareness regarding the safety of individuals along with the vehicles is expected to drive the growth of the marketPrevalence of the preference of consumers to purchase vehicles equipped with advanced systems and technologies; this factor is expected to drive the growth of the marketRestrictions of the sensors and cameras in detecting land markings that are clearly visible; this factor is expected to restrain the growth of the marketInability of these systems to operate in certain environmental conditions is also expected to restrain the growth of the marketThe major players covered in the Lane Keep Assist System Market Few of the major competitors currently working in the global lane keep assist system market are ZF Friedrichshafen AG; DENSO CORPORATION; Gentex Corporation; Robert Bosch GmbH; Valeo; Ficosa Internacional SA; Aptiv; Continental AG; Mobileye; Hitachi, Ltd.; Velodyne Lidar, Inc.; PRECO Electronics; AISIN SEIKI Co., Ltd.; Calsonic Kansei Corporation; WABCO; Autoliv Inc.; HYUNDAI MOBIS; Magna International Inc.; Panasonic Corporation; Visteon Corporation; Knorr-Bremse AG; Iteris, Inc. and HELLA GmbH & Co. KGaA.Major TOC Of The ReportChapter One: Lane Keep Assist System Market OverviewChapter Two: Manufacturers ProfilesChapter Three: Global Lane Keep Assist System Market Competition, by PlayersChapter Four: Global Lane Keep Assist System Market Size by RegionsChapter Five: North America Lane Keep Assist System Market Revenue by CountriesChapter Six: Europe Lane Keep Assist System Market Revenue by CountriesChapter Seven: Asia-Pacific Lane Keep Assist System Market Revenue by CountriesChapter Eight: South America Lane Keep Assist System Market Revenue by CountriesNew Business Strategies, Challenges & Policies are mentioned in Table of Content, Request Detailed TOC at @https://www.databridgemarketresearch.com/toc/?dbmr=global-lane-keep-assist-system-marketKey Report HighlightsComprehensive pricing analysis based on different product types and regional segmentsMarket size data in terms of revenue and sales volumeDeep insights about regulatory and investment scenarios of the global Lane Keep Assist System Market Analysis of market effect factors and their impact on the forecast and outlook of the global Lane Keep Assist System Market The detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the global Lane Keep Assist System Market A roadmap of growth opportunities available in the global Lane Keep Assist System Market with the identification of key factorsThe exhaustive analysis of various trends of the global Lane Keep Assist System Market to help identify market developmentsInsightful Details Available @https://www.databridgemarketresearch.com/reports/global-lane-keep-assist-system-marketKey Questions Answered in Report:What is the key to the Lane Keep Assist System Market?What will the Lane Keep Assist System Market Demand and what will be Growth?What are the latest opportunities for Lane Keep Assist System Market in the future?What are the strengths of the key players?About Us:Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches.
We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the marketContact:Data Bridge Market ResearchTel: +1-888-387-2818Email: [email protected] Related Reports@Industrial Radiography Equipment MarketGPS Chips MarketHorticulture Lighting Market
Lane Keep Assist System Market is a technological application of the combination of cameras, sensors, and autonomous assistance applied in vehicles so that the vehicles move in a particular lane.
These systems can also be used to automatically drift the steering wheel so that the vehicle comes back into the lane.Global lane keep assist system market is expected to register a healthy CAGR of 18.35% in the forecast period of 2019-2026.
The report contains data from the base year of 2018 and the historic year of 2017.
Get Sample Report at : https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-lane-keep-assist-system-marketCompetitive Analysis: Global Lane Keep Assist System MarketFew of the major competitors currently working in the global lane keep assist system market are ZF Friedrichshafen AG; DENSO CORPORATION; Gentex Corporation; Robert Bosch GmbH; Valeo; Ficosa Internacional SA; Aptiv; Continental AG; Mobileye; Hitachi, Ltd.; Velodyne Lidar, Inc.; PRECO Electronics; AISIN SEIKI Co., Ltd.; Calsonic Kansei Corporation; WABCO; Autoliv Inc.; HYUNDAI MOBIS; Magna International Inc.; Panasonic Corporation; Visteon Corporation; Knorr-Bremse AG; Iteris, Inc. and HELLA GmbH & Co. KGaA.
Key Pointers Covered in the Global Lane Keep Assist System Market Trends and Forecast to 2026Global Lane Keep Assist System Market New Sales VolumesGlobal Lane Keep Assist System Market Replacement Sales VolumesGlobal Lane Keep Assist System Market Installed BaseGlobal Lane Keep Assist System Market By BrandsGlobal Lane Keep Assist System Market SizeGlobal Lane Keep Assist System Market Procedure VolumesGlobal Lane Keep Assist System Market Product Price AnalysisGlobal Lane Keep Assist System Market Healthcare OutcomesGlobal Lane Keep Assist System Market Cost of Care AnalysisGlobal Lane Keep Assist System Market Regulatory Framework and ChangesGlobal Lane Keep Assist System Market Prices and Reimbursement AnalysisGlobal Lane Keep Assist System Market Shares in Different RegionsRecent Developments for Global Lane Keep Assist System Market CompetitorsGlobal Lane Keep Assist System Market Upcoming ApplicationsGlobal Lane Keep Assist System Market Innovators StudyGet Detailed TOC:https://www.databridgemarketresearch.com/toc/?dbmr=global-lane-keep-assist-system-market Key Developments in the Market:In September 2018, Bendix announced the upgradation of their “BlindSpotter Side Object Detection System” providing enhanced levels of safety in vehicles providing combined components and ADAS solutions from a single supplier.
Integrated with the vehicle’s CAN provides wider coverage area even on highways ensuring reliability on these systems.In September 2017, WABCO announced the launch of “OnLaneASSIST” Advanced Driver Assistance System at NACV for heavy, and medium sized commercial vehicles.
