The lane departure warning (LDW) market is estimated to develop at a CAGR of 9.7% between 2022 and 2032, reaching US$ 12.9 billion by 2032.
All vehicles have sensors, and despite having mirrors, their visibility is inadequate, resulting in traffic accidents. As a result, all heavy-duty vehicle manufacturers must install LDW. This is likely to increase market sales.
Various government entities around the world enforce severe passenger safety rules on automobile manufacturers. Over the projected period, the expansion of the automotive sector increased measures to promote the adoption of modern technology, and the development of structural safety features will continue to drive LDW sales.
In addition, increased demand for premium and opulent amenities in vehicles in emerging nations will fuel market expansion. In addition, government initiatives requiring the adoption of LDW systems in heavy commercial vehicles in the transportation industry will propel the market forward in the future years.
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