Press release
Lane Departure Warning (Ldw) System Market is Expected to Grow at a CAGR of over 6.24% | During 2022-2028 | Vantage Market Research
According to Vantage market research the global Lane Departure Warning (Ldw) System market was valued at USD 5.21 Billion in 2020 and is projected to reach USD 8.46 Billion by 2028, growing at a CAGR of 6.24% from 2021 to 2028.
Key Findings and Insights from the report:
• The report presents the estimated CAGR of 6.24% size of the Lane Departure Warning (Ldw) System Market at the end of the forecast period.
• The Global Lane Departure Warning (Ldw) System market is predicted to reach a value of USD 8.46 Billion by 2028.
• The report includes an overview of the market, the financial performance of key players its segmentation, its geographical scope.
• The report provides a detailed evaluation of the market by highlighting information on various aspects which include restraints, drivers, opportunities, and threats.
• Insight also covers the price, production, share, and growth rate of these top manufacturers and examines the competitive scenario for a better understanding of the market synopsis.
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Lane Departure Warning (LDW) System is an in-vehicle electronic mechanism used to monitor the position of the vehicle within a lane of the road and alert the driver in case of any deviation. The system uses its video cameras and algorithms to detect road markings around the vehicle and monitor its position inside the lane. In case of any unintentional deviation, it alerts the driver by sending a visual, audible or haptic signal, such as a vibration in the steering wheel. This enables the driver to counter-steer instantly, thereby reducing the chances of any accidents.
Market Segmentation:
By Type:
• Lane Departure Warning
• Lane Keeping Assist
By Sensor Type:
• Video Sensors
• Laser Sensors
• Infrared Sensors
By Sales Channel Type:
• OEM
• Aftermarket
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COVID-19 Impact Analysis of Lane Departure Warning (LDW) System Market:
In 2020, the rapid spread of COVID-19 significantly affected global business operations, disrupting supply chains and impacting various industries. The nationwide lockdown, international border seals and strict social distancing measures have led to a sharp drop in global business activity. This had a huge impact on the global economy, as companies around the world were forced to either completely or partially shut down their operations, causing disruption in the supply-demand ratio. Moreover, 2021 saw a second wave of COVID-19 in several key markets such as the US, India and Brazil which further disrupted the market.
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The Lane Departure Warning (LDW) System market regional level analysis:
• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
• North America (United States, Canada and Mexico)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
• South America (Brazil, Argentina, Colombia, and Rest of South America)
List of Leading Players in the Global Lane Departure Warning (LDW) System Market:
• Valeo
• Delphi Automotive Plc
• Denso Corporation
• Trw Automotive Holdings Corp.
• Texas Instruments Inc.
• Continental Ag, Robert Bosch Gmbh
• Aisin Seiki Co. Ltd.
• Magna International
• Hella Kgaa Hueck & Co.
• Mando Corp.
• Autoliv Inc
• Hitachi Ltd
• Mobileye Nv
• Ficosa International S.A
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Reason for buying this Lane Departure Warning (LDW) System Market Report:
• The report highlights the macroeconomic forces that are affecting the strategies and policies in the market.
• Report provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
• It provides a six-year forecast assessed on the basis of how the market is predicted to grow
• The report provides market leading players with facts and insights on the Lane Departure Warning (LDW) System market.
• It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of industry segments.
• Disruption and uncertainties in the industry are studied in the report.
• It provides the key product segments and their future.
• The report identifies bottlenecks and problems associated with businesses operating in the Lane Departure Warning (LDW) System market and provides possible solutions to those problems.
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