Market Share of Asia Pacific Lane Departure Warning Systems Industry
The Asia Pacific Lane Warning Systems Market is dominated by various international and regional players such as Continental AG, Delphi Automotive, Robert Bosch Gmbh, and Mobileye. The APAC region has seen explosive growth in the last few decades, mostly contributed by China's huge automotive industry and, to a considerable extent, by the fast-growing Indian auto industry. Although due to US-China trade friction and COVID-19 halted the market's growth for a couple of years. The market will regain its momentum from 2021, as major players in the region are launching vehicles with lane warning systems, and various governing bodies are introducing various stringent regulations. For instance,
- In April 2020, SAIC-GM launched the all-new Buick GL8 Avenir in China. The Buick GL8 Avenir is a leading platform for innovation in China, with 20 advanced intelligent driving features that support the highest safety level. Aptiv's and SAIC-GM's software applications enable a full range of features such as Adaptive Cruise Control, Forward Collision Warning, Lane Change Assist, Traffic Jam Assist, and Door Open Warning.
- In June 2020, the UN announced more than 50 countries, including Japan, South Korea, and the EU member states, have agreed with standard regulations for vehicles that can take over some driving functions, including having lane-changing systems. The binding rules on Automated Lane Keeping Systems (ALKS) will come into force in January 2021. The measures were adopted by the United Nations Economic Commission for Europe (UNECE) World Forum for Harmonization of Vehicle Regulations, which brings together 53 countries, not just in Europe but also in Africa and Asia.
APAC Lane Departure Warning Systems Market Leaders
Denso Corporation
Delphi Automotive
Continental AG
Robert Bosch Gmbh
Mobileye
*Disclaimer: Major Players sorted in no particular order
