Transparency Market Research has released a new market report titled “Automotive Lane Keep Assist System: (By Component: Electronic Control Unit (ECU) and Others ; By Sales Channel: Aftermarket and Others; By Vehicle Type: Passenger Vehicle and Commercial Vehicle; By Region: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025.” According to the report, the global automotive lane keep assist market is expected to expand at a CAGR of 13.76% during the forecast period.
Rise in demand for vehicle-based intelligent safety systems among vehicle users is projected to boost the lane keep assist system and adaptive cruise control market for automotive during the forecast period. Increased rate of accidents caused due to distraction of the driver causes damage to both, the vehicle user and vehicle. Lane keep assist system and adaptive cruise control are active safety systems, which prevent the vehicle from drifting into another lane and warn the drivers of the vehicles in front, thereby reducing the chances of accident. A study conducted in the U.S. for 25 states concluded that vehicle safety technologies have reduced severities such as head-on crashes and sideswipes by about 11% and injuries by 21%. These outcomes results in higher incorporation of vehicles with advanced driver assistance system, which in turn is a key factor that is estimated to boost the lane keep assist system and adaptive cruise control market for automotive during the forecast period.
Get PDF brochure for
Industrial Insights and business Intelligence @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=42557
A long duration drive become stressful for driver, which can
lead to accidents and sometimes fatal injuries too. Lane keep assist system and
adaptive cruise control avoids this by maintaining the preset speed of the
vehicle and allows the vehicle to remain within the lane. Long route drives and
personal safety are key factors that are likely to drive the global lane keep
assist system and adaptive cruise control market for automotive during the
forecast period. European Union regulations on safety features such as advanced
driver assistance system and their implementation in vehicles by 2020 are
anticipated to propel the lane keep assist system and adaptive cruise control
market for automotive during the forecast period.
The radar sensor component segment dominated the lane keep
assist system and adaptive cruise control market, by accounting for a prominent
share of the revenue. Radar sensor is a key component of the combined safety
system, which provides reliable detection and monitors any vehicle or objects
that falls within distance. This results in collision avoidance and driver
assistance. Radar is responsible for the actions performed by the adaptive
cruise control system. Higher cost the components led to increased market share
in terms of revenue.
In terms of sales channel, the aftermarket segment holds a
major share of the market as compared to the other segments. This is due to the
increased awareness about safety systems and frequent replacement of electronic
components owing to their shorter lifespan and malfunction. The aftermarket
segment is anticipated to expand at a significant growth rate during the
forecast period.
The passenger vehicle segment accounted for a significant
share of the market owing to the increasing demand for passenger vehicles globally,
primarily for local and intercity transport. In terms of revenue, the passenger
vehicle segment held a major share of the lane keep assist system and adaptive
cruise control market for automotive in 2016. Studies conducted on the
increasing number of road accidents in recent years indicate that accidents
such as head collision and side crashes coupled with loss of life have been
reduced due to the availability of ADAS such as LKAS and ACC in vehicles. These
factors have led to the increase in demand for this combined safety system in
the passenger vehicle segment.
Prominent global lane keep assist system and adaptive cruise
control market players include Robert Bosch GmbH, Continental AG, Denso
Corporation, Valeo, ZF Friedrichshafen Ag, and Delphi Automotive PLC.
Increasing competition among manufacturers in order to provide better products
is likely to boost the lane keep assist system and adaptive cruise control
market during the forecast period. Robert Bosch GmbH and Denso Corporation are
major suppliers of the lane keep assist system. Benefit from the formation of
strategic alliances with regional players and continuous upgrade of technology
allows Robert Bosch GmbH to lead the lane keep assist system and adaptive
cruise control market for automotive.
The global lane keep assist systemfor automotive can be
segmented as follows:
Lane Keep Assist System Market: By Components
- Vision
sensor/camera
- EPAS
Actuator
- Electronic
Control Unit
- Radar
Sensor
- Others
Lane Keep Assist System Market: By Sales Channel
- Original
Equipment Manufacturers (OEMs)
- Aftermarket
Purchase our Premium
Research Report at: https://www.transparencymarketresearch.com/checkout.php?rep_id=42557<ype=S
Lane Keep Assist System Market: By Vehicle Type
- Passenger
Vehicles
- Commercial
Vehicles
About Us
Transparency Market Research (TMR) is a global market
intelligence company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend analysis
provides forward-looking insight for thousands of decision makers. TMR’s
experienced team of analysts, researchers, and consultants use proprietary data
sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by
a team of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities, Transparency
Market Research employs rigorous primary and secondary research techniques to
develop distinctive data sets and research material for business reports.
Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
No comments:
Post a Comment