Global Lane Keep Assist System Market For Automotive – Global Industry Analysis and Forecast (2019-2026)


Posted July 5, 2021 by mayurikathade

Global Lane Keep Assist System Market for Automotive was valued at US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2026, at a CAGR of XX % during a forecast period.
 
Global Lane Keep Assist System Market for Automotive was valued at US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2026, at a CAGR of XX % during a forecast period.

The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

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Global Lane Keep Assist System market for Automotive Market Dynamics

The upsurge in sales of vehicles is demanding more production via better infrastructure and safety features. Vehicle manufacturers have introduced technologies that can either try or prevent accidents. The government regulations for reducing accidents and zero-emission policy can boost the demand for it.

In the current scenario, vehicles' purchasing rate is over 50%. Whereas, the government incentives and subsidy schemes are some of the growth factors of the global Lane Keep Assist System Market for Automotive. And this factor is expected to impact more on the growth of the Lane Keep Assist System Market for Automotive.

The major driving factors of the market are the introduction of stringent traffic regulations. The automotive OEMs are increasingly focusing on passenger safety and the adoption of active safety systems provides increased assistance in controlling the vehicle and avoids accidents during critical situations, increasing consumer preference for vehicles equipped with advanced safety systems.
Rising emphasis by governments on infrastructure and transport system is anticipated to play an important role in the rapid expansion of the global Lane Keep Assist System Market for Automotive. The lack of proper infrastructure and limited charging infrastructure seems to act as a restraint to the market.
Global Lane Keep Assist System market for Automotive Segment Analysis

Based on the battery type, the passenger vehicle segment is expected to hold the largest share in the market during the forecast period due the passenger vehicle segment accounted for a prominent share of the market owing to the increasing demand for passenger vehicles globally, primarily for local and intercity transport. In 2019, in terms of revenue, the passenger vehicle segment dominated the lane keep assist system market.

Demand for lane keep assist system is expected to remain high owing to the higher number of accidents caused in this segment of vehicle. In the sales channel, the Aftermarket market segment is also expected to lead the market growth. The report provides a detailed list of drivers and restraints of the market, which are influencing the market growth.
Global Lane Keep Assist System market for Automotive Regional Insights

In terms of region, Asia Pacific is expected to hold the largest share in the market during the forecast period owing to the increased automation sector. The Asia Pacific is also expected to expand at a significant growth rate due to safety norms and improved road infrastructure that assists the function of the lane keep assist system.

Safety regulations imposed by the Asian countries regarding testing and implementation of lane keep assist systems in the region to ensure safety are boosting the automotive manufacturing economy and the middle-class population is increasing in this region at higher such as in India and China. The major auto manufacturers in China and Japan are upgrading their products to provide superior performance. Japan, India, and China are forecasted to be the two fastest-growing markets in the Asia Pacific for vehicle production.

The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
Global Lane Keep Assist System Market For Automotive Key Highlights: Key Highlights:

• Global Lane Keep Assist System Market For Automotive Key Highlights: analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints, and opportunities influencing the growth of the Global Lane Keep Assist System Market For Automotive Key Highlights:
• Global Lane Keep Assist System Market For Automotive Key Highlights: segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Lane Keep Assist System Market For Automotive Key Highlights: strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Lane Keep Assist System Market For Automotive Key Highlights: analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA), and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning, and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion, and competitive landscape of the key players operating in the Global Lane Keep Assist System Market for Automotive Key Highlights: are also profiled.
Scope of the Report for Lane Keep Assist System Market For Automotive: Inquire before buying

Global Lane Keep Assist System Market For Automotive, by Component

• Vision sensor/camera
• EPAS Actuator
• Electronic Control Unit
• Others
Global Lane Keep Assist System Market For Automotive, by Sales Channel

• Original Equipment Manufacturers (OEMs)
• Aftermarket
Global Lane Keep Assist System Market For Automotive, by Vehicle Type

• Passenger Vehicles
• Commercial Vehicles
Global Lane Keep Assist System Market For Automotive, by Region

• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America
Global Lane Keep Assist System Market For Automotive Key Players

• Robert Bosch GmbH
• Panasonic
• ZF-TRW
• Visteon
• Denso Corporation
• Delphi Automotive PLC.
• Continental AG
• Valeo
• ZF Friedrichshafen AG
• Mobileye
• Hyundai Mobis
• Bendix
• SDS
• Iteris
• Magna
• WABCO




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Last Updated July 5, 2021