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:
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:
“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.
Global Lane Keep Assist System Market – Industry Trends and Forecast to 2026