The global lane departure warning (LDW) market is projected to be valued at USD 5.1 Billion in 2022. Exhibiting growth at an impressive 9.7% CAGR, the market size will top USD 12.9 Billion by 2032.
| Attribute | Details |
|---|---|
| Lane Departure Warning (LDW) Market Size (2021A) | USD 1.9 Billion |
| Lane Departure Warning (LDW) Market Estimated Size (2022E) | USD 5.1 Billion |
| Lane Departure Warning (LDW) Market Projected Size (2032F) | USD 12.9 Billion |
| Lane Departure Warning (LDW) Market Value-based CAGR (2022 to 2032) | 9.7% |
| Lane Departure Warning (LDW) Market Collective Value Share: Top 3 Countries (2021A) | 49.3% |
In 2021, sales in the lane departure warning (LDW) market accounted for nearly 9% of the overall advanced driver assistance systems market. Total sales are projected to grow by 2.5 times over the forecast period, as per FMI.
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Sales of lane departure warning systems increased at a 6.6 % CAGR between 2017 to 2021, with a significant drop in demand in 2020 due to the pandemic. China, Germany, Japan, the USA, Mexico, and India accounted for a significant share of the global lane departure warning systems demand.
The lane departure warning function alerts the driver if the vehicle deviates from the marked lane, reducing the risk of an accident. With the increasing vomules of traffic and a growing number of vehicles on the road, it is important that vehicles and drivers are better equipped to avoid accidents caused by straying from the marked lane unintentionally.
All vehicle types will be required to have an ADAS system, such as lane departure warning, shortly. LDW systems can be a useful tool for keeping sleepy or distracted drivers safe on the road.
These systems perform efficiently and provide drivers with a wealth of information, improving their overall safety and reducing the risk of accidents. As more automakers recognize the value of LDW in ensuring pedestrian safety, LDW sales are expected to increase at a 9.7% CAGR over the forecast period.
Stringent regulations regarding road and highway safety, along with increasing government investments in active safety systems and vehicle automation are expected to drive sales in the market.
The rising adoption of sensor technology in vehicles, as well as the rapid development of multi-camera systems, will spur demand for lane departure warning systems in passenger vehicles.
It has trouble detecting lane markings while turning, lane departure warning has struggled with visibility around sharp curves. This challenge presents a chance to develop high-quality, premium lane departure warning technology that improves vehicle perception.
An advanced approach for lane departure warning using high-end camera vision is still under development for vehicles. This feature is crucial and can help protect heavy commercial vehicle drivers from dangerous obstacles and curves. In a lane change situation, this sensor can warn and assist the driver and influence his decision to perform the task.
The lack of a semiconductor shortage, as well as the high cost of technology, have hampered demand for camera sensors to some extent. The availability of low-cost sensors, as well as growing concerns about highway and road safety, will propel the lane departure warning system market.
Advanced prototypes of automotive lane departure warnings are being installed in self-driving vehicles, which will expand the automotive lane departure warning market's potential.
Principal Consultant
Automotive vision systems such as LDW systems are becoming increasingly important as a result of the urgent need to detect and track potential danger. These systems provide real-time data to support road marking recognition, as well as a critical input for high-level warning functions such as early error correction.
These systems are a collection of safety features aimed at preventing high-speed collisions on highways. To avoid collisions and run-off-road accidents, they warn the driver and, in some cases, take corrective action.
The consistent rise in the number of vehicular accidents, primarily because of abrupt lane changes, has caused concern among consumers and governments all over the world. As a result, technological advancements have been critical in the automotive industry to reduce road accidents while also improving the safety of passengers and drivers.
Commercial vehicle collisions frequently result in serious consequences for the driver and other road users, which is expected to spur the adoption of LDW systems in vehicles.
Government Initiatives to Increase Road Safety is Set to Bolster Sales of LDW Systems
According to FMI, total sales in the USA are expected to reach USD 0.2 Billion in 2022. As a result of the COVID-19 pandemic in 2019 and 2020, major automotive manufacturers in the country such as GM and Ford have seen sales drop by 30-40%.
The growing focus of international firms on mergers, acquisitions, collaborations, and partnerships with start-up companies to co-develop technologically advanced LDW systems is expected to drive the market. The government is also enforcing strict regulations to improve lane changing and road safety.
Increasing vehicle sales, as well as rising adoption of safety features in passenger and commercial vehicles, will continue spurring demand for LDW systems. The US New Car Assessment Program (US NCAP), a flagship program of the country's National Highway Traffic Safety Administration (NHTSA), focuses on incorporating these safety systems, which helps buyers feel more secure. Such developments are expected to bode well for the market in the forthcoming years.
Rising Trend of Vehicle Electrification to Propel Demand for LDW Systems
China is expected to offer an absolute incremental opportunity of more than USD 0.7 Billion over the forecast period. China's dominance in the global LDW market is being bolstered by the increasing trend of vehicle electrification.
China's growing automotive industry is driving the market and falling sensor prices are making automotive ADAS products more affordable. The country’s foreign policy is well-defined, making efforts to promote intelligent driving.
The government is encouraging manufacturers to install and mandate intelligent driving to improve traffic safety and increase the rate of intelligent driving adoption, particularly in the field of active safety.
LDW systems rely on data sensors and processing to be effective. Driving patterns, as well as external vehicle data such as road lane markings, adjacent vehicles, and other information, are gathered. This improves the functionality of LDW systems, thereby fueling their adoption in the country.
Urgent Need to Reduce Road Accidents in Germany to Fuel Sales of LDW Systems
Germany is expected to account for nearly 25.1% of the Europe lane departure warning (LDW) market share in 2022. Among technology types, ultrasonic sensors and radar sensor account for 70% of the Europe LDW market. Growth is attributable to increasing awareness about LDW system calibration in the country. The European Union has also devised a new plan to eliminate all road deaths by 2050.
Connected and automated vehicle technology will play an important role in the current transportation revolution, helping to improve and level up transportation across the country by making daily journeys safer, more flexible, and more reliable.
With opportunities in mid-size cars, large cars, SUVs, and crossovers, the automotive LDW market in Germany will expand at a considerable pace. Increasing production of premium and luxury vehicles, advances in automotive electronics, stringent government regulations to reduce road fatalities, and increased collaboration between OEM and LDW suppliers to develop low-cost driver assistance systems will augment the growth in the market.
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Sales of Ultrasonic Sensors to Remain High
Based on technology type, the ultrasonic sensor technology segment will dominate the market, accounting for more than 41.5% of the total market share over the forecast period.
Radar sensors are also emerging as a popular choice among automotive manufacturers as they are equipped with all-weather, long-range, and natural insulators. Total sales of radar sensors will offer an absolute $ opportunity of USD 2.2. Billion over the assessment period.
Increasing Adoption of LDW Systems in Passenger Vehicles Will Fuel Growth
In terms of vehicle type, total sales in the passenger vehicle segment are slated to account for more than 78.0% of the market by 2032. Players in the LDW market are developing new technologies for compact sedans and SUVs for daily commutes.
The demand for advanced LDW systems in light commercial vehicles with trailers for shipment transportation is increasing, which is expected to push sales in the market in the forthcoming years.
With multiple big, medium, and small-scale LDW developers, vehicle manufacturers, and service providers, the lane departure warning (LDW) market is gaining momentum. Established and emerging market players are aiming to tap into emerging markets by developing long-term relationships with OEMs and other manufacturers. Leading manufacturers are investing in sensor technologies to improve the performance of LDW systems in various vehicles.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Report Coverage | Market Forecast, brand share analysis, competition intelligence, Drivers, Restraints, Opportunities and Threats analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
| Market Analysis | USD Million for Value and Units for Volume |
| Key Market Segments Covered | Technology (Ultrasonic Sensor, Lidar Sensor, Radar Sensor, Camera Sensor, Infrared Sensor, Pressure Sensor); Sales Channel (OEM, Aftermarket); Vehicle Type (Passenger Vehicle, Heavy Commercial Vehicle, Light Commercial Vehicle) |
| Key Regions Covered | North America (USA, Canada); Latin America (Mexico Brazil); Europe (Germany, France, Italy, Spain, UK, Russia, BENELUX); East Asia (China, Japan, South Korea) South Asia & Pacific (India, ASIAN, Oceania); Middle East & Africa (Turkey, South Africa, North Africa) |
| Key Companies Profiled | Continental AG; ZF Friedrichshafen AG AG; DENSO Corporation; Mobileye; Aptiv Plc; Veoneer Inc.; Autoliv Inc.; Valeo SA; Magna International; Aisin Seiki Co.; Ltd.; Panasonic Corporation; Texas Instruments Incorporated; NVIDIA Corporation; NXP Semiconductors N.V.; Renesas Electronics Corporation; Intel Corporation; Hitachi; Ltd; and Harman International Industries; Inc. |
| Customization & Pricing | Available upon Request |
The global LDW market is expected to surpass USD 12.9 Billion by 2032.
Sales of LDW are slated to increase at a value CAGR of around 9.7% from 2022 to 2032.
The global market for LDW exhibited a CAGR of 6.6% during 2017 to 2021.
China, the USA, and Japan are the countries that are lucrative markets for LDW, with East Asia and Europe projected to hold the highest market share of more than 80% by 2032.
Tier-1 firms such as Aptiv PLC , Mobileye, Continental AG , Hitachi, Ltd. , Valeo SA , and ZF Friedrichshafen AG are the leading LDW manufacturers.
Sales in the North American LDW market are slated to increase at a 13.4% CAGR over the forecast period.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Global Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032 6. Global Market - Pricing Analysis 7. Global Market Demand (in Value or Size in US$ Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032 8. Market Background 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Technology Type 9.1. Ultrasonic Sensor 9.2. Lidar Sensor 9.3. Radar Sensor 9.4. Camera Sensor 9.5. Infrared Sensor 9.6. Pressure Sensor 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Sales Channel 10.1. OEM 10.2. Aftermarket 11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Vehicle Type 11.1. Passenger Vehicles 11.2. LCV 11.3. HCV 12. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region 12.1. North America 12.2. Latin America 12.3. Europe 12.4. East Asia 12.5. South Asia & Pacific 12.6. Middle East & Africa 13. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032 14. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032 15. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032 16. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032 17. South Asia & Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032 18. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032 19. Key and Emerging Countries Market Analysis 20. Market Structure Analysis 21. Competition Analysis 21.1. Continental AG 21.2. Valeo SA 21.3. Magna International 21.4. Denso Corporation 21.5. ZF Friedrichshafen 21.6. Delphi Automotive 21.7. Autoliv Inc. 21.8. Other Manufacturers 22. Assumptions and Acronyms Used 23. Research Methodology
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Lane Departure Warning (LDW) Market
