Pune, India, November 06, 2017 /MRFR Press Release/- Market research future published a half cooked research report on global automotive lane warning system market. The Automotive Lane Warning System market is expected to grow at ~ 12.4% CAGR during the period 2017 to 2023.
The global automotive lane warning system market is constantly evolving. It is expected to witness significant growth over the forecast period. The global market has experienced that the users have now become more concerned about driving safety as the number of car crashes have increased. As a result, the demand for automotive lane warning system among users, has increased.
The global automotive lane warning system market has largely been influenced by the growth in the sales of passenger cars and trucks, and government initiatives on vehicle safety. Owing to this technology, there has been a rise in the adoption of automotive lane warning system embedded vehicles buyers. Rise in safety concerns, government initiatives and rising number of accidents have driven the market for automotive lane warning system. The major hindrances in the market are the high cost of automotive lane warning system technology, and the low disposable incomes in underdeveloped economies, are considered to be the restraining factors. A major trend in this market is the growing sales of luxury vehicles.
Market Research Analysis:
Regionally, the global automotive lane warning system market has been segmented 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. Europe, has witnessed a rise in the sales of luxury vehicles, which has augmented the demand for automotive lane warning system, here. 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 has fuelled the growth of the market. North America and Asia-Pacific are the second and third leading regions, in terms of revenue.
Scope of the Report:
This study provides an overview of the global automotive lane warning system market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Automotive Lane Warning System market by functioning, by sensor type, by vehicle type, by end market and by regions.
By Sensor Type
By Vehicle Type
By End Market
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).