Global Lane Departure Warning System (LDWS) Market Surges to $6.1 Billion by 2028, Fueled by Road Safety Priorities and ADAS Integration
The global lane departure warning system (LDWS) market is witnessing remarkable growth, with the market size reaching US$ 4.1 Billion in 2022.
- The global lane departure warning system (LDWS) market is witnessing remarkable growth, with the market size reaching US$ 4.1 Billion in 2022.
- LDWS is an essential in-vehicle electronic mechanism that enhances road safety by monitoring a vehicle's position within a lane.
- Road Safety Concerns: The rising number of road fatalities attributed to driver negligence has heightened the demand for LDWS, further bolstering market growth.
- Awareness and ADAS Adoption: Growing awareness about road safety and the adoption of advanced driver assistance systems (ADAS) are fostering market growth.