Lane Assist System market Growth Projections - Global market Report, and Forecast
Market Outlook : A ccording to MRFR analysis, the global Lane Assist System Market is expected to register a CAGR of ~ 14.3% from 2022 to 2030 and hold a value of over USD 5,940 Million by 2030. A Lane Assist System system (LDWS) raises an in-vehicle electronic mechanism that monitors the position of a vehicle within a lane of the roadway and alerts the driver in circumstances of any deviation. The system uses video cameras and algorithms to detect road markings around the vehicle and monitor its position inside the lane. An increase in disposable income of the middle-class population in emerging economies, such as India and China, attached to customer’s willingness to opt for expensive luxury cars and SUV vehicles is anticipated to propel the Lane Assist System system market During COVID-19, the supply chain of Lane Assist System s was muted, attributed to increasing virus infection and strict lockdown measures taken by governments of all the states. In addition, during the sam