This market research report includes a detailed segmentation of the global LDWS market by end-user (OEMs and aftermarket). It outlines the market shares for APAC, Americas and Europe. The key vendors analyzed in this report are Bosch, Continental, Denso and Delphi.
Technavio’s market research analysts estimate the LDWS global shipment to exceed 70 million units by 2020. Of late, the manufacturers are increasingly deploying advanced driver assistance system (ADAS) in vehicles to enhance comfort and ensure safety on the road. Stringent vehicle safety regulations adopted by governments have boosted the demand for LDWS in vehicles. Lane departure warning system is one of the prominent safety features which is being increasingly adopted in new vehicles. Europe dominates the global market for LDWS, accounting for 41% of the overall market share. EU has the most stringent laws relating to vehicle safety, leading to the higher adoption of LDWS system.
The new market research report from Technavio provides a breakdown and analysis of the LDWS segments by technology.
“The automotive industry is adopting LDWS as it helps in attaining zero road fatalities coupled with catering to consumer safety demands and adherence to government regulations. The auto manufacturers are collaborating with automotive safety and automotive camera manufacturers to integrate radar and cameras in vehicles, where video sensing, radar sensing, and data fusion are integrated in a single module,” says Siddarth Jaiswal, Lead Analyst, Automotive, Technavio Research
Growing concern about passenger safety has compelled several automobile manufacturers to implement driver assistance systems in vehicles. The manufactureres are incresingly integrating passive safety systems with active safety systems, especially ACC, AEBS, BSD, LDWS, and NVS. The implementation of LDWS though expensive, is still preferred by OEMs as they can avoid potentially dangerous situations and reduce significant cost which would be spent on crash repairs.
The leading vendors in the global LDWS market include Bosch, Continental, Denso and Delphi. Increasing awareness on safety by customers and regulatory bodies focus on safety can be attributed to high sales of LDWS in the market. High growth potential of LDWS market has intensified competition among vendors.
A more detailed analysis is available in the Technavio report, Global LDWS Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
