Global Lane Keep Assistant System Market
Lane keep assistant system is specially designed so they can alert the driver whenever the vehicle starts to move out of its lane. These systems are intended to reduce accidents by managing the major causes of collisions such as driver error, distractions and somnolence. A mini video camera is usually installed behind the rear window which is used to identify lane markings at the front of the car so the driver can to compare them with the vehicle's position in the lane. The systems usually get activated when the distance from lane marking is not maintained properly. They also have the ability to drift the steering wheel automatically so the vehicle can get back to the lane. Some of the different versions of lane keep assistant system are lane departure warning, lane change assist, and active change keeping assist.
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Some of the factors responsible for the growth of this market are as follow:
- Increasing concerns and awareness regarding the safety of individuals along with the vehicles: Road safety is very important as thousands of people lost their life every day. Growing towns and suburbs have led to a rise in the amount of individuals using a vehicle to get around which also increases the chances of traffic and accidents. In such situation one should do defensive driving in order to increase the road safety. In most highway and traffic circumstances, it will assist you to navigate and anticipate the likelihood of a mishap. To avoid the chances of these accidents and improve safety both government and people are taking necessary initiatives
- Prevalence of the preference of consumers to purchase vehicles equipped with advanced systems and technologies: In this tech centric era, people are demanding for the vehicles with advanced systems and technologies so their security and safety can be enhanced. Cars today are equipped with new advance systems such as advance driver assistance systems, lane keep assistance system, lane departure warning, sensors and others. The main function of these systems is to provide car safety and most importantly to enhance the road safety. These systems can easily automate and adapt vehicle systems so the driving experience can be improved and accident risk can be reduced.
The Global Lane Keep Assist System Market is segmented on the basis of function type which is further sub segmented as lane keeping system, lane departure warning; component which is further segmented as vision sensor/camera, EPAS actuator, electronic control unit, others; sales channel is segmented as OEMS, aftermarket and vehicle type as PV and CV.
Some of the launches in the market are as follow:
- In April 2019, Netradyne announced the launch of their Advanced Driver Assistance Systems (ADAS) solution which is the part of their Driveri platform. It is a four-camera, vision-based windscreen-mounted system that helps fleet executives acknowledges favorable driver efficiency and improves the safety of commercial vehicles for drivers. It is specially designed as per the Indian road conditions. The main aim of the launch is to enhance safety
- In July 2017, MuHu, Inc. announced the launch of their Advanced Driver Assistance System (ADAS) which is the first ADAS live camera system available on tablet or camera. This new technology will provide visual and real- time audible warnings to the drivers. This new solution will enhance safety at affordable range
“According to Data Bridge Market Research, global lane keep assist system market is expected to register a healthy CAGR of 18.35% in the forecast period of 2019-2026”
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. and HELLA GmbH & Co. KGaA.
Lane keep assist system main motive is to improve the driver safety. They can be effective solution to reduce the number of accidents on the road. They are very beneficial as they help the driver to drive down cost and enhance road safety for everyone. They drive down cost as fewer accidents can decrease the vehicle damage which will eventually save the money spend on repairs. These LKA systems are equipped along with adaptive cruise control so they can control both lateral and longitudinal control. These are some of the factors due to which these systems are facing high demand in the market.
