Growing Demand for ADAS is a Key Market Driver for Global Lane Departure Warning System Market

LONDON - Feb. 20, 2014 - PRLog -- TechNavio, the independent London-based global research firm, today announced the publication of its research report on the Global Lane Departure Warning System Market. The report finds growing demand for ADAS is a key market driver for Global Lane Departure Warning System. The analysis is for the forecast period 2014-2018.

The growing demand for various ADAS products such as lane departure warning, adaptive front lighting, parking and reversing assist, e-cell telematics, distance warning, collision avoidance, blind spot detection, driver drowsiness detection, and traffic sign recognition is directly influencing the demand for lane departure warning systems, thus leading to the growth of the Global Lane Departure Warning System market.

The Global Lane Departure Warning System market is highly fragmented with the presence of a large number of established manufacturers and a significant number of small and medium-sized enterprises. The market has a presence of well-diversified international and regional vendors. However, as international players are increasing their geographical presence, regional vendors are finding it difficult to compete with them, especially on features such as quality and price. The competitive environment in this market will be intensifying with the increase in product extensions, technological innovations, and mergers and acquisitions. International players will be growing inorganically by acquiring regional or local players during the forecast period.

To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentation, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

If you are interested in more information on this topic and our upcoming research on the Global Lane Departure Warning System Market 2014-2018 (http://www.technavio.com/report/global-lane-departure-war...), please send an e-mail to media@TechNavio.com

About TechNavio

TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.

TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.

TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of Global Lane Departure Warning System Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from TechNavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes.

Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.

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