Global Lane Keep Assist System And Adaptive Cruise Control Market Trends, Growth, Overview And Forecast To 2033Posted by ramacharitbrc on May 30th, 2024 ![]() Overview and Scope Lane keep assist system and adaptive cruise control are advanced driver assistance technologies that help vehicles maintain their lane position and automatically adjust speed to keep a safe distance from other vehicles on the road. This enhances vehicle safety by reducing driver fatigue, improving lane discipline, and mitigating the risk of collisions caused by human error. The lane keep assist system and adaptive cruise control market size has grown rapidly in recent years. It will grow from .92 billion in 2023 to .66 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to increasing concern for road safety, rising demand for autonomous vehicles, government regulations mandating advanced safety features, growing adoption of electric vehicles, and rising consumer awareness about driver assistance systems. https://www.thebusinessresearchcompany.com/report/lane-keep-assist-system-and-adaptive-cruise-control-global-market-report The lane keep assist system and adaptive cruise control market covered in this report is segmented – 2) By Vehicle Type: Passenger Vehicle, Commercial Vehicles 3) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket https://www.thebusinessresearchcompany.com/sample.aspx?id=14948&type=smp The rise in concern regarding road accidents is expected to propel the growth of the lane keep assist system and adaptive cruise control market going forward. The rise in concern regarding road accidents is due to increased traffic congestion, distracted driving due to mobile devices, inadequate infrastructure maintenance, and failure to adhere to traffic regulations. The lane keep assist system and adaptive cruise control help mitigate the rise in concern regarding road accidents by enhancing vehicle safety through automated assistance in maintaining lane position and safe following distances, reducing the likelihood of lane departure incidents and rear-end collisions. For instance, in May 2022, according to an estimate published by the National Highway Traffic Safety Administration (NHTSA), a US-based federal agency, the number of fatalities in motor vehicle traffic crashes increased by 10.5%, with an estimated 42,915 deaths in 2021 compared to 38,824 fatalities in 2020. Therefore, the rise in concern regarding road accidents is driving the growth of the lane assist system and adaptive cruise control market. Major companies operating in the lane keep assist system and adaptive cruise control market are Ford Motor Company, General Motors Company, Sony Corporation, LG Electronics Inc., Panasonic Corporation, Denso Corporation, ZF Friedrichshafen AG, Qualcomm Incorporated, Continental AG, Hyundai Mobis Co. Ltd., Magna International Inc., NVIDIA Corporation, Valeo SA, Texas Instruments Inc., Delphi Technologies (Aptiv PLC), STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Hitachi Automotive Systems Ltd. (Hitachi Astemo Ltd.), Renesas Electronics Corporation, Autoliv Inc., Hella Kgaa Hueck & Co., WABCO Holdings Inc 2. Market Characteristics 3. Market Trends And Strategies 4. Impact Of COVID-19 5. Market Size And Growth 6. Segmentation 7. Regional And Country Analysis ……….. 27. Competitive Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis Like it? Share it!More by this author |