Press release
Lane Change Assist Systems Market to Witness an Outstanding Growth During 2018 to 2028
The automobile industry is experiencing an enormous digital makeover, as most of the leading automakers are investing considerable resources on R&D of vehicle automation to meet the changing demands and to enhance the driving experience of customers. Next-generation automobiles include speech recognition, audio/video sensing, GPS and radar capabilities, advanced driver assistance system, next level security & safety and IC-integrated LED front lighting features. Today, automakers are developing and implementing complex technologies, such as wireless charging capabilities, back-up cameras, blind spot awareness, lane change assist systems and many others. Among these advanced technologies, vehicle-based intelligence systems are gaining traction among vehicle users across the globe. These factors are expected to create new business opportunities for lane change assist systems providers across the globe.
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Moreover, connectivity is emerging as a key competitive differentiator in today’s automotive market. The automotive industry is moving towards connected vehicle technologies, such as V2I (vehicle-to infrastructure), V2V (vehicle-to-vehicle), V2P (vehicle-to-pedestrian) and V2D (vehicle-to-device). In connected cars, lane change assist systems have wide area applications. To prevent collision between connected cars, automotive manufacturers are deploying lane change assist systems in vehicles. A lane change assist system alerts the car driver if the car veers out of lane and warns the driver to get back into the lane. Thus, lane change assist systems reduce the chances of accidents on highways.
Global Lane Change Assist Systems Market: Drivers, Challenges and Trend
Drivers
Growing demand for safety features and rising security concerns are the primary growth drivers in the global lane change assist systems market. Moreover, advancements in the automotive industry are playing an important role in driving the growth of the lane change assist systems market across the globe. Apart from this, governments of nations across the world are taking several initiatives and making laws for public safety and security, which is likely to drive the global lane change assist systems market during the forecast period.
Restraints
Lack of standardization and high cost pressure faced by OEMs on the inclusion of lane change assist systems are some of the major factors that may hinder the growth of the lane change assist systems demand in near future. Also, rising complexity due to multiple industry specifications is another factor which may create challenges for the growth of the lane change assist systems market during the forecast period.
Trend
The latest trend ginning momentum in the global lane change assist systems market is rising advances in camera technologies and increasing integration of various technologies with passenger cars and commercial vehicles. The lane change assist systems have been widely adopted by the OEMs due to its ability to reduce road accidents.
Global Lane Change Assist Systems Market: Segmentation
Segmentation of the Lane Change Assist Systems Market on the Basis of Vehicle Type:
Passenger Cars
Commercial Vehicles
Segmentation of Lane Change Assist Systems Market on the Basis of Sales Channel:
OEMs
Aftermarket
Global Lane Change Assist Systems Market: Competition Landscape
Key Players
Some of the prominent players in the global lane change assist systems market are Robert Bosch GmbH, Denso Corporation, Delphi Automotive PLC., Continental AG, Valeo, ZF Friedrichshafen AG, Mobileye, Aisin Seiki, Autoliv, Calsonic Kansei, Hyundai Mobis, Magna, Panasonic Corporation, etc.
Global Lane Change Assist Systems Market: Regional Overview
North America is expected to account for a large market share in the global lane change assist systems market owing to increasing technological advancements in the automotive industry and presence of various key players in the region. APAC is expected to be the second largest market in terms of revenue in the lane change assist systems market over the coming years due to rise in awareness about safety among vehicle owners.
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The lane change assist systems markets in Europe and Latin America is expected to witness high growth rates in the coming years due to the emergence of advanced automotive technologies.
The report covers exhaustive analysis on:
Lane Change Assist Systems market Segments
Market Dynamics of Lane Change Assist Systems market
Historical Actual Market Size, 2013 - 2017
Market Size & Forecast 2018 to 2028
Value Chain of Lane Change Assist Systems market
Market Current Trends/Issues/Challenges
Competition & Companies involved
Market Drivers and Restraints
Regional analysis for Lane Change Assist Systems market includes development of these systems in the following regions:
North America Lane Change Assist Systems Market
U.S.
Canada
Latin America Lane Change Assist Systems Market
Argentina
Mexico
Brazil
Rest of Latin America
Western Europe Lane Change Assist Systems Market
Germany
France
U.K.
Spain
Italy
Nordic
Benelux
Rest of Western Europe
Eastern Europe Lane Change Assist Systems Market
Poland
Russia
SEA & Others of APAC Lane Change Assist Systems Market
Australia and New Zealand (A&NZ)
India
ASEAN
Rest of SEA & Others of APAC
Japan Lane Change Assist Systems Market
China Lane Change Assist Systems Market
Middle East and Africa Lane Change Assist Systems Market
GCC Countries
North Africa
South Africa
Rest of MEA
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
Market Dynamics
Market Size
Market Segments
Demand & Supply Trends
Current Issues and Challenges
Companies and Competitor Landscape
Value Chain
Technology
Regional Segments Analyzed Include
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
Highlights from the Report
Elaborated scenario of the parent market
Transformations in the market dynamics
Detailed segmentation of the target market
Historical, current and forecast market size based on value and volume
Latest industry developments and trends
Competition landscape
Strategies adopted by the market players and product developments made
Potential and niche segments, along with their regional analysis
Unbiased analysis on performance of the market
Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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