New York, NY -- (SBWIRE) -- 03/09/2017 -- Global Lane Departure Warning System Market: Market Dynamics

Increasing road traffic and number of road accidents is expected to increase the demand for lane departure warning system. Moreover, growing awareness among consumer about road safety is expected to fuel the demand for global lane departure warning system. Other factors, such as increasing demand for automobile and associated regulatory policies regarding road safety and mandatory use of warning system in the vehicles is also anticipated to drive the growth of lane departure warning system market. However, integrating lane departure warning system with vehicle increases overall cost of the vehicle. Therefore, vehicle manufacturers avoid to integrate the lane departure warning system and offer it as an additional feature which in turn is expected to restrain the demand for lane departure warning system.

Global Lane Departure Warning System Market: Key Players

Global lane departure warning system market offers high growth opportunities and leading manufactures are investing research and development to reduce the cost of the lane departure warning system. Some of the key players identified in the global lane departure warning system market includes Robert Bosch GmbH, DENSO EUROPE, Delphi Automotive LLP, Continental AG, Autoliv Inc., Mobileye., Magna International Inc., WABCO, Bendix Commercial Vehicles Systems LLC, ZF TRW and others.

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Global Lane Departure Warning System Market: Regional Outlook

Global lane departure warning system market can be divided into seven major regions including North America, Eastern Europe, Asia Pacific, Japan, Latin America, Western Europe and Middle East and Africa. Europe is expected to contribute a major share to the global demand for lane departure warning system owing to stringent regulations governing the vehicle safety. Also, increasing demand for automobiles with features such as lane departure warning system, driver assistance system, and power-assisted steering are expected to fuel the demand for lane departure warning system in the region. North America is expected to account for the second largest market share of the global lane departure warning system market which is expected to be driven by increasing awareness about road safety in the region.

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