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Global Lane Keep Assist System and Adaptive Cruise Control Market Key Insights and Booming Factor Supporting Growth till 2025
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Lane keep assist system and adaptive cruise control are active safety systems, which provide driver assistance and avoid vehicle collisions. This combination of the active safety systems are a part of the advanced driver assistance system (ADAS), which is considered as a backbone for autonomous vehicles. Lane keep assist system and adaptive cruise control for automotive are designed to assist the driver by detecting lane markings on the road and distance of the vehicle in front. The combination of the systems in the vehicle reduces the possibility of accidental collision. The lane keep assist system detects the marking of the lane and assists the driver to keep the vehicle within the lane, either by providing a warning or by automatically steering the vehicle when it advances outside the desired lane. The adaptive cruise control system maintains safe distance between vehicles and avoids front to front side collisions. Lane keep assist and adaptive cruise control systems for automotive reduce the stress on the driver of the vehicle by providing information about the driving conditions of the vehicle.
According to data gathered by the NHTSA's, 37% of all transportation fatalities in the U.S. are caused by vehicle running off from the road. These road accidents occur due to driver error, which can avoided with the incorporation of the lane keep assist system. Rising number of accidents, owing to increase in traffic flow, can be minimized by means of adaptive cruise control, which detects the slower moving vehicle in front and decelerates the speed of the vehicle, thereby avoiding front collision. The safety and comfort provided by the combination of these systems while driving is a key factor driving the lane keep assist and adaptive cruise control market for automotive. Since the combined system ensures stress-free driving and safety of the passengers, long route driving less strenuous, as the driver doesn’t have to maintain the speed by continuously pressing the pedal and brakes. This is a key factor that is expected to drive the lane keep assist and adaptive cruise control market for automotive during the forecast period. Awareness about advanced driver assistance systems equipped in vehicles has been increasing in recent years due to safety and security concerns, which in turn is also expected to boost the global lane keep assist system and adaptive cruise control market for automotive during the forecast period.
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However, the combined safety system is not efficient in regions or areas that experience adverse weather conditions such as fog, rain, and snow. The high cost of the combined system also affects its demand in the medium vehicles segment. The entire system is operated by electronic components and malfunction of the components leads to false interpretation, thereby making the system unproductive. These minor drawbacks are likely to restrain the lane keep assist system and adaptive cruise control market for automotive to some extent during the forecast period.
The lane keep assist system and adaptive cruise control market for automotive has been segmented as follows:
Global Lane Keep Assist System and Adaptive Cruise Control Market for Automotive: By Components
Vision Sensor/Camera
EPAS Actuator
Electronic Control Unit
Radar Sensor
Others?
Global Lane Keep Assist System and Adaptive Cruise Control Market for Automotive: By Sales Channel
OEMs
Aftermarket?
Global Lane Keep Assist System and Adaptive Cruise Control Market for Automotive: By Vehicle Type
Passenger Vehicle
Commercial Vehicle
Global Lane Keep Assist System and Adaptive Cruise Control Market for
Automotive: By Region
North America
S.
Canada
Europe
Germany
K.
France
Italy
Spain
Rest of Europe
Asia Pacific
China
India
Japan
ASEAN
Rest of Europe
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Mexico
Rest of Latin America
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