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Demand Drivers of Lane Departures Warning System

The global market of lane departure warning system is estimated to grow exponentially at a CAGR of 14.2%, owing to rising adoption of automobiles in the forecast period.

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Demand Drivers of Lane Departures Warning System

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  1. Demand Drivers of Lane Departures Warning System Market Lane Departures warning system market is set to surge in the global market at a CAGR of 14.2% CAGR in the forecast period of 2018-2027. The key drivers for the growth of lane departure warning systems are the rising demand for automobiles and its safety features. The commercial and passenger vehicles are the boost the sales of lane departures warning system market. Based on segmentation, the Alert system segment of the lane departure warning system market is projected to expand at a significant rate and capture the maximum market share compare to the lane-keeping system. Passenger cars are likely to bring higher demand for the lane departure warning system market.

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