Global Lane Keep Assist System and Adaptive Cruise Control Market Key Insights and Booming Factor Supporting Growth till 2025

Albany, USA, 2018-May-08 — /EPR Network/ —Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled “Lane Keep Assist System and Adaptive Cruise Control Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” offers a detailed analysis of the market, providing insights into the market dynamics that are expected to influence the overall market positively in the next few years. Furthermore, the product segmentation, drivers, barriers, key geographical segments, and the competitive scenario of the Global Lane Keep Assist System and Adaptive Cruise Control market have been elaborated upon in the research report.

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Lane keep assist system and adaptive cruise control are active safety systems, which provide driver assistance and avoid vehicle collisions. This combination of the active safety systems are a part of the advanced driver assistance system (ADAS), which is considered as a backbone for autonomous vehicles. Lane keep assist system and adaptive cruise control for automotive are designed to assist the driver by detecting lane markings on the road and distance of the vehicle in front. The combination of the systems in the vehicle reduces the possibility of accidental collision. The lane keep assist system detects the marking of the lane and assists the driver to keep the vehicle within the lane, either by providing a warning or by automatically steering the vehicle when it advances outside the desired lane. The adaptive cruise control system maintains safe distance between vehicles and avoids front to front side collisions. Lane keep assist and adaptive cruise control systems for automotive reduce the stress on the driver of the vehicle by providing information about the driving conditions of the vehicle.

According to data gathered by the NHTSA’s, 37% of all transportation fatalities in the U.S. are caused by vehicle running off from the road. These road accidents occur due to driver error, which can avoided with the incorporation of the lane keep assist system. Rising number of accidents, owing to increase in traffic flow, can be minimized by means of adaptive cruise control, which detects the slower moving vehicle in front and decelerates the speed of the vehicle, thereby avoiding front collision. The safety and comfort provided by the combination of these systems while driving is a key factor driving the lane keep assist and adaptive cruise control market for automotive. Since the combined system ensures stress-free driving and safety of the passengers, long route driving less strenuous, as the driver doesn’t have to maintain the speed by continuously pressing the pedal and brakes. This is a key factor that is expected to drive the lane keep assist and adaptive cruise control market for automotive during the forecast period. Awareness about advanced driver assistance systems equipped in vehicles has been increasing in recent years due to safety and security concerns, which in turn is also expected to boost the global lane keep assist system and adaptive cruise control market for automotive during the forecast period.

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However, the combined safety system is not efficient in regions or areas that experience adverse weather conditions such as fog, rain, and snow. The high cost of the combined system also affects its demand in the medium vehicles segment. The entire system is operated by electronic components and malfunction of the components leads to false interpretation, thereby making the system unproductive. These minor drawbacks are likely to restrain the lane keep assist system and adaptive cruise control market for automotive to some extent during the forecast period.

The lane keep assist system and adaptive cruise control market for automotive has been segmented as follows:

Global Lane Keep Assist System and Adaptive Cruise Control Market for Automotive: By Components

  • Vision Sensor/Camera
  • EPAS Actuator
  • Electronic Control Unit
  • Radar Sensor
  • Others?

Global Lane Keep Assist System and Adaptive Cruise Control Market for Automotive: By Sales Channel

  • OEMs
  • Aftermarket?

Global Lane Keep Assist System and Adaptive Cruise Control Market for Automotive: By Vehicle Type

  • Passenger Vehicle
  • Commercial Vehicle

Global Lane Keep Assist System and Adaptive Cruise Control Market for

Automotive: By Region

  • North America
    • S.
    • Canada
  • Europe
    • Germany
    • K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Europe
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

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