Automotive Lane Deviation Warning System Market Analysis, Demand Growth, Current Trends

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  • The automotive lane deviation warning system alerts the driver that the vehicle is deviating from the lane. This system comprises a camera mounted on the rear view mirror that observes whether the vehicle deviates from the lane. If the vehicle deviates from the lane, the camera sends a signal to the sensor and the sensor alerts the driver through an audible warning, visual indication, or by vibrating the steering wheel of the vehicle. This helps the driver to rectify the vehicle deviation.
  • The most common lane deviation warning system is camera mounted, it captures the view of a certain distance of the road ahead. A straight or dotted line is indicated on the display and the driver is supposed to maintain position of the vehicle between the two lines. An automotive lane deviation warning system is estimated to help avoid vehicle crashes and major accidents.
Key drivers of automotive Lane deviation warning system market
  • Lane deviation accidents are a major type of vehicle accidents. According to US Federal highway administration, more than 50% of accidents are cause due to lane deviation. The number of accidents can be reduced by using various advanced safety features in vehicles including lane deviation system, line assist, and pedestrian protection system. These advanced safety features are expected to boost the automotive lane deviation warning system market and prevent accidents.
  • Rising road safety awareness among consumers combined with a substantial rise in adoption of advance drive assist system in vehicles is projected to fuel the automotive lane deviation warning system market. According to Bosch Pvt Ltd, up to 7% of all relevant accidents with fatalities and injuries can be reduced by using the lane deviation warning system. Vehicle manufacturers across the globe are trying to integrate advance safety systems in their vehicles, which in turn is estimated to fuel the automotive lane deviation warning system market.
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Europe, Asia Pacific, and North America to hold prominent share of automotive lane deviation warning system market
  • Europe is expected to account for a notable share of the global automotive lane deviation warning system market due to the enactment of stringent rules regarding the installation of safety features in the vehicles in the region. Demand for installation of drive assistance system in vehicle is increasing, which in turn is estimated to boost the automotive lane deviation warning system market. Europe has presence of major original equipment manufacturers as well as tier-1 suppliers, including Robert Bosch, Continental AG, and ZF Friedrichshafen who have major research and development facilities for safety systems. This is estimated to propel the automotive lane deviation warning system market in Europe.
  • Following Europe, North America is also projected to account for a major share of the global automotive lane deviation warning system market due to an increase in road safety concerns in North America. Additionally Asia Pacific also accounts for a dominant share of the global automotive lane deviation warning system market owing to high rate of adoption of advance drive assistance systems in Japan, South Korea and China. 

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