[240 Pages] The global lane departure warning (LDW) market is projected to be valued at US$ 5.1 Billion in 2022. Exhibiting growth at an impressive 9.7% CAGR, the market size will top US$ 12.9 Billion by 2032.
| Attribute | Details |
|---|---|
| Lane Departure Warning (LDW) Market Size (2021A) | US$ 1.9 Billion |
| Lane Departure Warning (LDW) Market Estimated Size (2022E) | US$ 5.1 Billion |
| Lane Departure Warning (LDW) Market Projected Size (2032F) | US$ 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 US$ 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 US$ 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 US$ 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 | US$ Million for Value and Units for Volume |
| Key Market Segments Covered | Technology
|
| Key Regions Covered | North America
|
| 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 US$ 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 | Lane Departure Warning (LDW) Market
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product Innovation & Diversification
4.3. Marketing and Brand Management
4.4. Supply Chain Management
5. Global Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032
5.1. Historical Market Volume (‘000 Units) Analysis, 2017 to 2021
5.2. Current and Future Market Volume (‘000 Units) Projections, 2022 to 2032
5.3. Y-o-Y Growth Trend Analysis
6. Global Market - Pricing Analysis
6.1. Regional Pricing Analysis
6.2. Pricing Analysis by Regions
7. Global Market Demand (in Value or Size in US$ Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032
7.1. Historical Market Value (US$ Million) Analysis, 2017 to 2021
7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Macro-Economic Factors
8.2. Forecast Factors - Relevance & Impact
8.3. Supply-Demand Analysis
8.4. Value Chain
8.5. Market Dynamics
8.6. Impact of COVID-19 Crisis
9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Technology Type
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Million) and Volume Analysis By Technology Type, 2017 to 2021
9.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Technology Type, 2022 to 2032
9.3.1. Ultrasonic Sensor
9.3.2. Lidar Sensor
9.3.3. Radar Sensor
9.3.4. Camera Sensor
9.3.5. Infrared Sensor
9.3.6. Pressure Sensor
9.4. Market Attractiveness Analyses, By Technology Type
10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Sales Channel
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Million) and Volume Analysis By Sales Channel, 2017 to 2021
10.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Sales Channel, 2022 to 2032
10.3.1. OEM
10.3.2. Aftermarket
10.4. Market Attractiveness Analysis By Sales Channel
11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Vehicle Type
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Million) and Volume Analysis By Vehicle Type, 2017 to 2021
11.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Vehicle Type, 2022 to 2032
11.3.1. Passenger Vehicles
11.3.2. LCV
11.3.3. HCV
11.4. Market Attractiveness Analysis By Vehicle Type
12. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region
12.1. Introduction
12.2. Historical Market Size (US$ Million) and Volume Analysis By Region, 2017 to 2021
12.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Region, 2022 to 2032
12.3.1. North America
12.3.2. Latin America
12.3.3. Europe
12.3.4. East Asia
12.3.5. South Asia & Pacific
12.3.6. Middle East & Africa
12.4. Market Attractiveness Analysis By Region
13. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
13.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
13.4.1. By Technology Type
13.4.2. By Sales Channel
13.4.3. By Vehicle Type
13.4.4. By Country
13.4.4.1. United States of America
13.4.4.2. Canada
13.5. Market Attractiveness Analysis
13.5.1. By Technology Type
13.5.2. By Sales Channel
13.5.3. By Vehicle Type
13.5.4. By Country
13.6. Market Trends
13.7. Drivers and Restraints Impact Analysis
14. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
14.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
14.4.1. By Technology Type
14.4.2. By Sales Channel
14.4.3. By Vehicle Type
14.4.4. By Country
14.4.4.1. Brazil
14.4.4.2. Mexico
14.4.4.3. Rest of Latin America
14.5. Market Attractiveness Analysis
14.5.1. By Technology Type
14.5.2. By Sales Channel
14.5.3. By Vehicle Type
14.5.4. By Country
14.6. Market Trends
14.7. Drivers and Restraints Impact Analysis
15. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
15.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
15.4.1. By Technology Type
15.4.2. By Sales Channel
15.4.3. By Vehicle Type
15.4.4. By Country
15.4.4.1. Germany
15.4.4.2. Italy
15.4.4.3. France
15.4.4.4. United Kingdom
15.4.4.5. Spain
15.4.4.6. BENELUX
15.4.4.7. Russia
15.4.4.8. Rest of Europe
15.5. Market Attractiveness Analysis
15.5.1. By Technology Type
15.5.2. By Sales Channel
15.5.3. By Vehicle Type
15.5.4. By Country
15.6. Market Trends
15.7. Drivers and Restraints Impact Analysis
16. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
16.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
16.4.1. By Technology Type
16.4.2. By Sales Channel
16.4.3. By Vehicle Type
16.4.4. By Country
16.4.4.1. China
16.4.4.2. Japan
16.4.4.3. South Korea
16.5. Market Attractiveness Analysis
16.5.1. By Technology Type
16.5.2. By Sales Channel
16.5.3. By Vehicle Type
16.5.4. By Country
16.6. Market Trends
16.7. Drivers and Restraints Impact Analysis
17. South Asia & Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
17.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
17.4.1. By Technology Type
17.4.2. By Sales Channel
17.4.3. By Country
17.4.3.1. India
17.4.3.2. ASEAN
17.4.3.3. Australia and New Zealand
17.4.3.4. Rest of South Asia & Pacific
17.5. Market Attractiveness Analysis
17.5.1. By Technology Type
17.5.2. By Sales Channel
17.5.3. By Country
17.6. Market Trends
17.7. Drivers and Restraints Impact Analysis
18. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032
18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
18.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
18.4.1. By Technology Type
18.4.2. By Sales Channel
18.4.3. By Vehicle Type
18.4.4. By Country
18.4.4.1. GCC Countries
18.4.4.2. Turkey
18.4.4.3. Northern Africa
18.4.4.4. South Africa
18.4.4.5. Rest of Middle East and Africa
18.5. Market Attractiveness Analysis
18.5.1. By Technology Type
18.5.2. By Sales Channel
18.5.3. By Country
18.6. Market Trends
18.7. Drivers and Restraints Impact Analysis
19. Key and Emerging Countries Market Analysis
19.1. USA Market Analysis
19.1.1. By Technology Type
19.1.2. By Sales Channel
19.1.3. By Vehicle Type
19.2. Canada Market Analysis
19.2.1. By Technology Type
19.2.2. By Sales Channel
19.2.3. By Vehicle Type
19.3. Mexico Market Analysis
19.3.1. By Technology Type
19.3.2. By Sales Channel
19.3.3. By Vehicle Type
19.4. Brazil Market Analysis
19.4.1. By Technology Type
19.4.2. By Sales Channel
19.4.3. By Vehicle Type
19.5. Germany Market Analysis
19.5.1. By Technology Type
19.5.2. By Sales Channel
19.5.3. By Vehicle Type
19.6. Italy Market Analysis
19.6.1. By Technology Type
19.6.2. By Sales Channel
19.6.3. By Vehicle Type
19.7. France Market Analysis
19.7.1. By Technology Type
19.7.2. By Sales Channel
19.7.3. By Vehicle Type
19.8. UK Market Analysis
19.8.1. By Technology Type
19.8.2. By Sales Channel
19.8.3. By Vehicle Type
19.9. Spain Market Analysis
19.9.1. By Technology Type
19.9.2. By Sales Channel
19.9.3. By Vehicle Type
19.10. Russia Market Analysis
19.10.1. By Technology Type
19.10.2. By Sales Channel
19.10.3. By Vehicle Type
19.11. BENELUX Market Analysis
19.11.1. By Technology Type
19.11.2. By Sales Channel
19.11.3. By Vehicle Type
19.12. China Market Analysis
19.12.1. By Technology Type
19.12.2. By Sales Channel
19.12.3. By Vehicle Type
19.13. Japan Market Analysis
19.13.1. By Technology Type
19.13.2. By Sales Channel
19.13.3. By Vehicle Type
19.14. South Korea Market Analysis
19.14.1. By Technology Type
19.14.2. By Sales Channel
19.14.3. By Vehicle Type
19.15. India Market Analysis
19.15.1. By Technology Type
19.15.2. By Sales Channel
19.15.3. By Vehicle Type
19.16. ASEAN Market Analysis
19.16.1. By Technology Type
19.16.2. By Sales Channel
19.16.3. By Vehicle Type
19.17. GCC Countries Market Analysis
19.17.1. By Technology Type
19.17.2. By Sales Channel
19.17.3. By Vehicle Type
19.18. Turkey Market Analysis
19.18.1. By Technology Type
19.18.2. By Sales Channel
19.18.3. By Vehicle Type
19.19. Northern Africa Market Analysis
19.19.1. By Technology Type
19.19.2. By Sales Channel
19.19.3. By Vehicle Type
19.20. South Africa Market Analysis
19.20.1. By Technology Type
19.20.2. By Sales Channel
19.20.3. By Vehicle Type
20. Market Structure Analysis
20.1. Market Analysis by Tier of Companies [Lane Departure warning ]
20.2. Market Concentration
20.3. Market Share Analysis of Top Players
21. Competition Analysis
21.1. Competition Dashboard
21.2. Primary Survey Analysis
21.3. Competition Deep Dive
21.3.1. Continental AG
21.3.1.1. Overview
21.3.1.2. Product Portfolio
21.3.1.3. Key Financials
21.3.1.4. Sales Footprint
21.3.1.5. Strategy Overview
21.3.2. Valeo SA
21.3.2.1. Overview
21.3.2.2. Product Portfolio
21.3.2.3. Key Financials
21.3.2.4. Sales Footprint
21.3.2.5. Strategy Overview
21.3.3. Magna International
21.3.3.1. Overview
21.3.3.2. Product Portfolio
21.3.3.3. Key Financials
21.3.3.4. Sales Footprint
21.3.3.5. Strategy Overview
21.3.4. Denso Corporation
21.3.4.1. Overview
21.3.4.2. Product Portfolio
21.3.4.3. Key Financials
21.3.4.4. Sales Footprint
21.3.4.5. Strategy Overview
21.3.5. ZF Friedrichshafen
21.3.5.1. Overview
21.3.5.2. Product Portfolio
21.3.5.3. Key Financials
21.3.5.4. Sales Footprint
21.3.5.5. Strategy Overview
21.3.6. Delphi Automotive
21.3.6.1. Overview
21.3.6.2. Product Portfolio
21.3.6.3. Key Financials
21.3.6.4. Sales Footprint
21.3.6.5. Strategy Overview
21.3.7. Autoliv Inc.
21.3.7.1. Overview
21.3.7.2. Product Portfolio
21.3.7.3. Key Financials
21.3.7.4. Sales Footprint
21.3.7.5. Strategy Overview
21.3.8. Other Manufacturers
21.3.8.1. Overview
21.3.8.2. Product Portfolio
21.3.8.3. Key Financials
21.3.8.4. Sales Footprint
21.3.8.5. Strategy Overview
22. Assumptions and Acronyms Used
23. Research Methodology
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Lane Departure Warning (LDW) Market
