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Lane Departure Warning Systems for OEMs Are Expanding at a Staggering 15% CAGR by 2031

Posted on February 17, 2023February 17, 2023 by admin

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.

  1. 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.
  2. 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

    • 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

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