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Global Lane Keep Assist System Market Estimated CAGR of 18.35% in the forecast period of 2019-2026: Report By ZF Friedrichshafen AG; DENSO CORPORATION; Gentex Corporation; Robert Bosch and others

07-02-2019 02:49 PM CET | Tourism, Cars, Traffic

Press release from: Data Bridge Market Research

Global Lane Keep Assist System Market Estimated CAGR of 18.35%

Lane keep assist system 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.

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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. This rise in market value can be attributed to the significant adoption of ADAS and a rise of autonomous vehicles prevalent in the market.

Key Players: Global 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.
• HELLA GmbH & Co. KGaA

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. This system can also be integrated with Bendix’s flagship advanced driver assistance system, “Bendix Wingman Fusion”. 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. This technology is one of the first functionality in WABCO’s ADAS system. The application of this technology provides better lane keeping assist systems protecting against collisions and enhancing vehicle safety.

Get Detailed TOC https://databridgemarketresearch.com/toc/?dbmr=global-lane-keep-assist-system-market

Segmentation: Global Lane Keep Assist System Market
By Function Type
• Lane Keeping System
• Lane Departure Warning

By Component
• Vision Sensor/Camera
• Electronic-Power Assisted Steering (EPAS)
Actuator
• Electronic Control Unit
• Others

By Sales Channel
• Original Equipment Manufacturers (OEMs)
• Aftermarket

By Vehicle Type
• Passenger Vehicles (PV)
• Commercial Vehicles (CV)
• Light Commercial Vehicles (LCV)
• Medium & Heavy Commercial Vehicles (M & HCV)

By Geography
• North America
• South America
• Europe
• Asia-Pacific
• Middle East and Africa

Competitive Analysis:
Global lane keep assist system market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of lane keep assist system market for global, Europe, North America, Asia-Pacific and South America.

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Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com

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 market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

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