Global Lane Departure Warning System Market 2016-2020

Outlook of the lane departure warning system (LDWS) market

Lane departure warning system (LDWS) is a warning system designed to assist drivers and help reduce the number of unintended lane departures. Such systems keep the driver stay focussed on the road and avoid accidents that may result from driver’s lack of attention or drowsiness. An important factor promoting growth in this market can be attributed to increasing safety awareness among end-users. With the growing awareness about road and passenger safety, most safety features are no longer limited to premium vehicles. Customers accord more importance to safety features rather than the cost of the vehicle. Recently, manufacturers have introduced driver assistance systems such as LDWS for the enhanced safety of the passenger. Moreover, increasing focus on the integration of passive safety systems with active safety systems will aid in the growth of this market. Additionally, driver safety system manufacturers are collaborating with OEMs to develop low-cost driver assistance system for compact vehicles. This is likely to bring about a significant reduction in the price of safety systems, thereby resulting in their widespread implementation of driver assistance systems in low-cost vehicles during the forecast period. Therefore, a consistent increase in demand for compact and mid-sized vehicles equipped with advanced safety features in markets will spur the growth prospects of this market in the coming years. Technavio’s market research analysts have predicted the global LDWS market to grow at an impressive CAGR of more than 28% until the end of 2020. 

In this industry research report, the analysts have estimated factors integration of LDWS with other new-age automotive technologies to aid in this market’s growth over the forecast period. To make the most out of LDWS technology, auto manufacturers are focussing on collaborating with automotive safety experts and automotive camera manufacturers to integrate radar and cameras in vehicles leading to the integration of video sensing, radar sensing, and data fusion technologies into a single module. Moreover, as driver assistance and LDWS are becoming increasing common and a standard for automobiles, a fusion of image and radar sensors will help reduce costs in the coming years. For instance, Delphi combines radar sensing, vision sensing, and data into its single module called the Radar and Camera System (RACam). Therefore, the integration of various sensors for enhancing passenger and vehicles safety will impel the growth prospects of this market until the end of 2020.

Segmentation by end-user and analysis of the LDWS market

• Original equipment manufacturer (OEM)
• Aftermarket