Lane Keep Assist System Market Overview
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Lane Keep Assist System Market Scope
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Global Lane Keep Assist System Market Dynamics
The upsurge in sales of vehicles is demanding more production via better infrastructure and safety features. Vehicle manufacturers have introduced technologies that can either try or prevent accidents. The government regulations for reducing accidents and zero-emission policy can boost the demand for it. In the current scenario, vehicles’ purchasing rate is over 50%. Whereas, the government incentives and subsidy schemes are some of the growth factors of the global Lane Keep Assist System Market for Automotive. And this factor is expected to impact more on the growth of the Lane Keep Assist System Market for Automotive.
Lane Keep Assist System Market Segmentation
According to battery type, the passenger vehicle segment is anticipated to hold the largest market share during the forecast period. This is because there is an increasing demand for passenger cars around the world, particularly for local and intercity transportation. The passenger car market dominated the lane keep assist system industry in terms of revenue in 2019.
Due to the larger number of incidents that occur in this category of vehicles, demand for lane keep assist systems is predicted to stay high. The Aftermarket market sector is also anticipated to drive market expansion in the sales channel.
Lane Keep Assist System Market Key Players
• Robert Bosch GmbH
• Panasonic
• ZF-TRW
• Visteon
• Denso Corporation
• Delphi Automotive PLC.
• Continental AG
• Valeo
• ZF Friedrichshafen AG
• Mobileye
• Hyundai Mobis
• Bendix
• SDS
• Iteris
• Magna
• WABCO
Regional Analysis
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