Global Lane Departure Warning System Market

1. Global Lane Departure Warning System Market: Industrial Analysis and Forecast (2020-2026), By Product Type, Sensor Type, Vehicle Type, Sales Channel and Region Global Lane Departure Warning System Market was valued $xx Mn in 2019 and is expected to reach $xx Mn by 2026, at a CAGR of 16.86% during the forecast period. Global Lane Departure Warning System Market Introduction A lane departure warning system is a device that alerts the driver when the vehicle starts to drift out of its lane. These technologies are intended to reduce crashes by tackling the three primary causes of crashes: driver error, distractions, and tiredness. These systems are further classified into two types: systems that warn the driver and, if no action is done, systems that notify the driver and automatically take actions to keep the car in its lane. Global Lane Departure Warning System Market Dynamics Because of the rising number of road accidents throughout the world, governments and international organizations have enacted a slew of new safety regulations, prompting automakers to install technology like the Automotive Lane Warning System in their vehicles (ALWS). Nearly 7% of all fatal accidents can be avoided with the use of a lane departure warning system. In addition, the lane departure warning system market has been growing due to stringent government standards and regulations surrounding passenger safety. The installation of lane departure warning systems in commercial vehicles is governed by Regulation (EC) 661/2009 in Europe. Customers in developing nations such as India and China have been selecting more costly automobiles in the luxury and SUV classes as their income has increased. This reason has fueled the growth of the vehicle lane warning system market. ADAS technologies, such as lane warning systems, have been developed in collaboration between vehicle OEMs and technology firms. For example, Nvidia's DRIVE AP2X, Nvidia DRIVE, and Nvidia DRIVE AGX provide artificial intelligence services for autonomous cars as well as augmented reality, software, and hardware support.

2. Customers place a higher value on safety features than on the vehicle's price. Manufacturers have recently added driver assistance technologies such as LDWS to improve passenger safety. Furthermore, a greater emphasis on the integration of passive safety systems with active safety systems would boost the market's growth. Furthermore, producers of driver safety systems are working with OEMs to develop low-cost driver assistance systems for smaller automobiles. During the projected period, this is expected to result in a considerable drop in the price of safety systems, leading to the widespread installation of driver assistance systems in low-cost automobiles. As a result, the market's growth prospects in the future years are expected to be boosted by a constant increase in demand for compact and mid-sized cars equipped with enhanced safety features in markets. Global Lane Departure Warning System Market Segment Analysis Lane departure warning systems are a collection of safety features aimed at preventing high-speed collisions on roads, expressways, and freeways. To avoid crashes and run-off-road incidents, they notify the driver and, in certain cases, take remedial action. The steady rise in the frequency of automotive accidents, largely as a result of sudden lane changes, has caused worry among consumers and governments all over the world. As a result, technical developments have been critical in the automobile industry in order to prevent road accidents while also improving the safety of passengers and drivers. Furthermore, increased consumer safety concerns have fueled the demand for improved driver assistance technologies to be implemented (ADAS). As a result, the need for lane departure warning systems has increased (LDWS). Commercial vehicle collisions can result in catastrophic repercussions for the driver and other road users. Unintentionally leaving the lane is the leading cause of around 38.9% of all truck accidents. Lane departure warning systems can help prevent accidents like these. Over the forecast period, OEM is expected to gain a significant share of the market. The substantial income generation can be due to the growing use of ADAS across the world. OEMs are refocusing their efforts on developing cost- effective solutions that can be adopted in large quantities. Increasing awareness of road and passenger safety, as well as stringent laws, would result in the widespread acceptance of these systems, supporting the growth of the lane departure warning system market from OEMs. Because it is less expensive than the alternative, the aftermarket is expected to increase significantly.

3. To know about the Research Methodology :- Request Free Sample Report Global Lane Departure Warning System Market Regional Insights In 2019, Europe dominated the LDWS market and accounted for more than xx% of the market share, in terms of revenue. Moreover, significantly increasing demand for vehicles equipped with driver assistance systems, such as LDWS, PAS, and BSD is likely to boost the LDWS market in Europe. Due to strict laws controlling car safety, Europe is likely to account for a significant

4. portion of global demand for lane departure warning systems. In addition, rising demand for vehicles with features like lane departure warning systems, driver aid systems, and power-assisted steering is predicted to increase lane departure warning system demand in the area. The presence of major components and auto manufacturers in Europe's mature and established automotive sectors is also increasing the demand for safety systems for automobiles, such as lane departure warning systems. The second highest market share of the global lane departure warning system market is predicted to be held by North America, which is expected to be driven by increased awareness of road safety in the region. Global Lane Departure Warning System Market Report Scope: Inquire before buying Global Lane Departure Warning System Market, by Region • North America • Europe • South America • MEA • Asia Pacific

5. Global Lane Departure Warning System Market Key Players • Bosch • Continental AG • Denso • Delphi • Magna International • Autoliv • Mobileye • ZF TRW • WABCO • ZF Friedrichshafen AG • Valeo • Wabco • Autoliv Inc. • Hyundai Motor Company • Toyota Motor Corporation About This Report Visit @: This Report Is Submitted By : Maximize Market Research Company About Us: Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.