Automotive Lane Warning System Market Information Report, By Functioning (Lane departure warning, Lane keeping system), By Sensor Type (Video sensors, Laser sensors and Infrared sensors), by Vehicle Type (Passenger Vehicles and Commercial Vehicles), by End Market (OEMs and Aftermarket) and By Region - Forecast To 2023

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Automotive Lane Warning System Market Highlights:

The automotive industry has evolved tremendously, in terms of technological advancements in both passenger and commercial vehicles, in the last few years. The automotive lane warning system is one such recent advancement that has been acknowledged in the global market.

Automotive lane warning system is another active safety system designed for passenger safety. It helps the driver avoid distractions and errors when the car departs from the lane. Whenever, the driver finds distractions and errors, the system offers visual, vibrational and audible warning to the driver to avoid such conditions. As a technology, it has gained much attention, especially in the way to adopting these vehicles.

The automotive lane warning system market is benefiting by the rise in concerns about car safety. Also, upon experiencing high demand, several manufacturers have implemented this technology into both, passenger and commercial vehicles. Moreover, the increasing number of accidents, and growing awareness about road safety, are driving the demand for automotive lane warning system in the global market. Furthermore, the government regulatory policies regarding road safety, are also expected to boost the demand. In spite of these factors, the higher cost of technology, and availability of the system in luxury vehicles alone, are expected to hinder the market growth. The global automotive lane warning market is expected to grow at  ~12.4% CAGR during forecast period.

For the purpose of this study, the global automotive lane warning system market has been divided, based on functioning, sensor types, vehicle types, end market and regions. On the basis of functioning, the market has been segmented as lane departure warning, and lane keeping system. The sensor type segment has been segmented as video sensors, laser sensors and infrared sensors. On the basis of vehicle type, the market has been segmented as passenger vehicles and commercial vehicles. The end market segments are OEMs and aftermarket.

Based on regions, the global automotive lane warning system market has been divided as North America, Europe, Asia Pacific and Rest of the World. Europe has accounted for the largest market share, in 2016, followed by North America and Asia Pacific. In Europe, there has been rise in the sales of luxury vehicles, which has augmented the demand for automotive lane warning system. Additionally, the growing road safety awareness, and strict government regulations have augmented the market growth. Germany, UK and France are the leading countries in Europe, which have fuelled the growth of the market. North America and Asia Pacific are the second and third leading regions, in terms of revenue.

The prominent players in the automotive lane warning system market include Robert Bosch (Germany), Denso Corporation (Japan), Continental AG (Germany), Autoliv Inc (Sweden), Delphi (UK), Magna International (Canada), ZF TRW (US), Nissan (Japan), Hitachi Automotive Systems (Japan), and Mobileye (Israel.

Browse more details on “Automotive Lane Warning System Market Research Report – Forecast to 2023” at: https://www.marketresearchfuture.com/reports/automotive-lane-warning-system-market-4667

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