The lane departure warning system market is anticipated to expand at a CAGR surpassing 14% through 2031. As per the report, lane departure warning systems for OEMs are expected to gain maximum traction, expanding at a staggering 15% CAGR.
Luxury and premium vehicles, as well as commercial vehicles, continue to seek lane departure warning systems. In the lane departure system market, OEMs is anticipated to generate the most income.
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Competitive Landscape
Manufacturers in the lane departure warning systems market are likely to focus on strategic acquisitions, collaborations, and product launches in the following decade.
- For instance, Bosch’s latest third-generation multi-purpose camera is a vital component in the installation of new driver assistance features for improved safety in heavy goods traffic.
- Likewise, the latest backbone of Mobileye’s self-driving system is a camera-centric arrangement. It can determine the important safety portions by building a powerful system that can drive exclusively on cameras.
Key Companies Profiled
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- Denso Corporation
- Continental AG
- Delphi Automotive LLP
- ZF TRW
- Autoliv Inc.
- Mobileye
- Magna International Inc.
- WABCO
- Bendix Commercial Vehicles System LLC
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Key Segments Covered
- Product Type
- Lane Departure Alert System
- Lane Keeping System (LKS)
- Sensor
- Video Sensor
- Laser Sensor
- Infrared Sensor
- End Use Application
- PCV
- LCV
- HCV
- Sales Channel
- OEMs
- Aftermarkets