Europe Automotive Lane Warning System Market

Europe Automotive Lane Warning System Market Size (2022-2027):

The Europe Automotive Lane Warning System Market is expected to grow at a CAGR of 13.5% during the forecast period 2022-2027.

Market Overview:

A Lane warning system is designed to assist the driver in avoiding accidents caused by drifting or leaving the lane. When a tire meets a lane marker, the system recognizes it and warns the driver. The warning often flashes an indicator or beeps from the appropriate side. The driver's seat or steering wheel may vibrate lightly in some systems. Lane-keeping assist, a more sophisticated type of lane departure warning, is available on some automobiles. Lane-keeping assist will gently steer back into the lane if the system foresees a potential lane departure and the driver is not able to react in time.

Market Drivers:

The rising number of road accidents in Europe is the main factor driving the growth of the automotive lane warning systems market. The most frequent causes of unintended deviating from the designated lane are fatigue and distraction. The lane warning system technology actively assists drivers in maintaining lane compliance thereby helping them to avoid accidents. Automobile companies in Europe are installing lane warning systems in most vehicles. The various technological advancements to prevent road accidents are further accelerating the growth of automotive lane warning systems. Additionally, the European government is taking necessary steps to reduce the fatalities and injuries caused by road accidents by making it mandatory to install the ADAS in every vehicle. The strict government regulations to install lane warning systems in vehicles to promote safety are further boosting the growth of the automotive lane warning system market in the region. Europe is a significant manufacturer of luxury cars and premium passenger vehicles. Almost all luxury cars are equipped with lane warning systems. Moreover, the increasing demand for ADAS in luxury and passenger vehicles is accelerating the automotive lane warning system market growth.

Market Restraints:

While lane warning systems are used to prevent road accidents, there are several disadvantages too. Lane departure warning systems use sensors to detect lane lines or the edge of the road, which can be troublesome on poorly marked or snow-covered highways. Insufficient lighting or bad weather may cause sensors to fail. Some systems are speed-dependent. The lane warning systems do not notify in most cases if the signal is not activated. While pedestrian crash prevention systems are efficient during the day or on roadways with adequate lighting, they have trouble spotting walkers at night. These factors may restrain the growth of lane warning systems in Europe to a certain extent.

EUROPE AUTOMOTIVE LANE WARNING SYSTEM MARKET REPORT COVERAGE:

Market Segmentation:

Europe Automotive Lane Warning System Market - By Function Type:

• Lane Keeping System

• Lane Departure Warning System

Based on function type, the Europe automotive lane warning system market is segmented into lane-keeping systems and lane departure warning systems. The lane departure warning system is expected to dominate the Europe automotive lane warning system market during the forecast period. The lane departure warning feature alerts the driver if they deviate from the designated lane, helping to prevent accidents. A lane departure warning system has the potential to prevent up to 7% of all accidents that are relevant and result in injuries and fatalities.

Europe Automotive Lane Warning System Market - By Sensor Type:

• Laser Sensors
• Video Sensors
• Infrared Sensors

Based on sensor type, the Europe automotive lane warning system market is segmented into laser sensors, video sensors, and infrared sensors. The video sensors segment is expected to dominate the Europe automotive lane warning system market during the forecast period. Video sensors have a minimal installation cost and cause little inconvenience to traffic when being maintained. Additionally, they offer wide-area monitoring that enables analysis of traffic flows and turning movements, speed measurement, multiple point vehicle counts, vehicle categorization, and assessment of the condition of the highways

Europe Automotive Lane Warning System Market - By Vehicle Type:

• Passenger Cars
• Commercial Vehicles

Based on vehicle type, the Europe automotive lane warning system market is segmented into passenger cars and commercial vehicles. The passenger cars segment is expected to dominate the Europe automotive lane warning system market during the forecast period. The ADAS is mostly adopted by passenger cars. The rising demand for safety and driving efficiency in passenger cars in Europe is accelerating the passenger segment’s growth.

Europe Automotive Lane Warning System Market - By Sales Channel:

• OEM 
• Aftermarket

Based on sales channel, the Europe Automotive Lane Warning System Market is segmented into OEM and aftermarket. The OEMs segment is expected to dominate the Europe Automotive Lane Warning System Market during the forecast period. The OEMs are putting more effort into creating solutions that are affordable and practical for mass adoption. The increasing number of vehicles with lane departure warning systems is driving the OEMs to focus on the safety of the passengers and are hence adopting active safety measures to prevent accidents. Thus, these factors are promoting the growth of the OEMs segment.

Europe Automotive Lane Warning System Market - By Country:

• UK
• Russia
• Germany
• Italy
• France
• Spain
• Sweden
• Denmark
• Poland
• Switzerland
• Netherlands
• Rest of Europe

Germany is expected to dominate the Europe Automotive Lane Warning System Market during the forecast period. Lane warning systems are commonly featured in luxury and premium vehicles. Germany is a significant customer and manufacturer of luxury and premium passenger vehicles. Hence, Germany dominated and held a sizable portion of the market for car lane departure warning systems during the forecast period.

COVID-19 Impact on the Europe Automotive Lane Warning System Market:

The COVID-19 pandemic has negatively impacted the growth of the Europe automotive lane warning system market during the pandemic phase. The COVID-19 outbreak caused a significant halt in vehicle production operations. Hence, it resulted in the decreasing sales of vehicles during the pandemic period. However, the automotive lane warning system market has recovered as the companies resumed their operations after the lockdowns were lifted in Europe.

Market Key Players:

1. Continental AG
2. Delphi Technologies
3. Volkswagen AG
4. Mobileye
5. Robert Bosch GmbH
6. Nissan Motor Co. Ltd
7. The Bendix Corporation
8. ZF Friedrichshafen AG
9. Hitachi Ltd
10. Iteris Inc.
11. DENSO Corporation
12. Valeo
13. IMV Corporation
14. NXP Semiconductor

Market Key Developments:

• In June 2022, BMW Group chose Valeo to produce the advanced driver assistance system or the automaker's future electric vehicle platform, which is scheduled to debut in 2025. Valeo will supply sensors and software for parking and navigating BMW's next generation of EVs, as well as the advanced driver assistance system domain controller, which manages data flow between sensors and the car.
• In April 2021, DENSO Corporation announced the development of Advanced Driver Assistance Products for the Toyota Mirai and the New Lexus LS. DENSO's recently created products used in Advanced Drive include Locator Telescopic Cameras for detecting the environment ahead of the vehicle and LiDAR for detecting the forms of nearby vehicles and roads.