Lane Departure Warning Market The lane departure warning (LDW) market is expected to grow at a compound annual growth rate (CAGR) of 9.7% from 2022 to 2032, reaching a projected value of USD 12.9 billion by 2032. Although vehicles are equipped with sensors and mirrors, poor visibility continues to be a major contributor to road …
Tag Archives: Lane Departure Warning Market
Global Lane Departure Warning Market Size to Exceed USD 12.9 Billion by 2032, Surging at a Decent 9.7% CAGR | FMI Analysis
The global lane departure warning market is expected to grow at a CAGR of 9.7%, reaching USD 12.9 billion by 2032. All vehicles have sensors, and despite being well-equipped with mirrors, they have poor visibility, resulting in road accidents. As a result, all heavy-duty manufacturers are required to install LDW. This is expected to augment sales in the …
Lane Departure Warning Market Anticipated to Surpass USD 12.9 Billion by 2032, with a CAGR of 9.7% | FMI Reports
The lane departure warning (LDW) market is projected to expand at a CAGR of 9.7% over the forecast period of 2022-2032, reaching a valuation of USD 12.9 billion by 2032. Despite vehicles being equipped with sensors and mirrors, poor visibility remains a significant factor contributing to road accidents. To address this, regulations now mandate that …