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
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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
• Ficosa Internacional SA
• Continental AG
• Hitachi, Ltd.
• Velodyne Lidar, Inc.
• PRECO Electronics
• AISIN SEIKI Co., Ltd.
• Calsonic Kansei Corporation
• 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.
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Segmentation: Global Lane Keep Assist System Market
By Function Type
• Lane Keeping System
• Lane Departure Warning
• Vision Sensor/Camera
• Electronic-Power Assisted Steering (EPAS)
• Electronic Control Unit
By Sales Channel
• Original Equipment Manufacturers (OEMs)
By Vehicle Type
• Passenger Vehicles (PV)
• Commercial Vehicles (CV)
• Light Commercial Vehicles (LCV)
• Medium & Heavy Commercial Vehicles (M & HCV)
• North America
• South America
• Middle East and Africa
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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