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Global Lane Departure Warning System Market 2014-2018

Reportstack has announced a new market research publication on Global Lane Departure Warning System Market 2014-2018. The following companies as the key players in Global Lane Departure Warning System Market: Continental AG, Delphi Automotive plc, Denso Corp., Robert Bosch GmbH, Valeo SA., Aisin Seiki Co. Ltd., Gentex Corp., Hella KGaA Hueck & Co., Hyundai Mobis, Magna International Inc., Takata Corp., and TRW Automotive Holdings Corp.

“The main trend witnessed in the Global Lane Departure Warning System market is the development of ADAS for mass production vehicles. The market is expected to witness increased penetration in the Low-cost Cars segment in the coming years. Suppliers such as Continental AG and Robert Bosch GmbH are working closely with OEMs right from the product concept to the development of low-cost ADAS for the Medium-sized and Compact Cars segments. This is because these are the segments that will help attain economies of scale and reduce the price of ADAS.”

According to the report, the increasing demand for autonomous vehicles that use advanced automotive electronic systems is expected to positively influence the demand in and growth of the Global Lane Departure Warning System market. Currently, autonomous vehicles hold a very small share in the Global Automobile market; however, they are expected to account for more than 70 percent of the market by 2040, leading to increased demand for lane departure warning systems.

Further, the report states that the recent economic slowdown has had an adverse effect on the Global Automotive market and its related markets. The companies in this market suffered more during the recent slowdown, which was a result of the debt crisis in Europe. The increased economic uncertainties have forced companies to take a more conservative business approach by providing low-cost solutions to help keep their profit margins high. They achieve this by taking various cost-reduction measures such as launching low-cost, no-frill products, which is affecting the Global Lane Departure Warning System market.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit  http://www.reportstack.com/product/149691/global-lane-departure-warning-system-market-2014-2018.html