Traffic Jam Assist Systems Market is Booming Due to Increasing Congestions on Roads

Traffic Jam Assist Systems Market is increasing due to recent developments in the automotive industry for calibration of advanced driver-assistance systems (ADAS) functions for vehicles is setting booming opportunity of huge market growth for the global traffic jam assist systems. Our market research analysis anticipates substantial growth rate of traffic jam assist system at a swift pace in the forecast period of 2019-2026, henceforth raises the demand for better wide-angle camera and TJA technology, working as key players in determining the growth of this market and industry size.

Technological advancement like incorporation of cameras, radars, ultrasonic sensors, LiDARs and ECUs for enhancing safe ride and smart intelligence with level 2 and 3 indicates the significant growth rate of business and accelerating opportunities in the field of global traffic jam assist system as per the latest market outlook.

Traffic Jam Assist Systems Market Scenario

According to Data Bridge Market Research the market increasing traffic congestion will drive the market growth as the automotive industries are on continual attempts for creating a safe and hassle free driving experience on roads. Boost in number of vehicles and automobile in developed and developing countries across the globe will work as market driver for TJA system. Increasing cases of road accidents due to human error will propel the industrial growth of traffic jam assist system. A report by the National Highway Traffic Safety Administration (NHTSA), in 2015, mentioned that 94% of all car accidents in the United States were caused by human error thus market insights reflect its leaping implementation in cars and vehicles holding civilian safety as prime concern on highways and roads.

Now the question is which are the other regions intuitive is targeting? Data Bridge Market Research has forecasted a large growth to the current business research showcase that Europe acquired the maximum share of the market revenue of traffic jam assist systems market in 2016. Alongside the industry size of TJA system in the North American region is expected to grow at the highest CAGR during the forecast period.

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Traffic Jam Assist Systems Market Recent Acquisition and Development

  • In July 2019, a significant development was witnessed for the advancement of the traffic jam assist system. Velodyne went forward to acquire Mapper. This merger will work to generate new advanced driver assistance systems (ADAS) by mapping the local area. This will empower the automotive section for delivering better performance with the advancement of facilitated by Velodyne Lidar, Inc.

Traffic Jam Assist Systems Market Scope

Traffic jam assist market is segmented on the basis of countries into U.S., Canada, Mexico, in North America, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, In Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, in Asia-Pacific(APAC), Brazil, Argentina, Rest of South America, Saudi Arabia, UAE, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA), as a part of Rest of Middle East and Africa (MEA).

  • Traffic jam assist system market has shown an exceptional penetration in developed economies such as North America, South America, Europe, Asia- Pacific, Middle East, and Africa. Analytical report depicts the market growth and has shown a tremendous performance in the emerging nations where automation of level 2 & 3, trending use of ultrasonic sensors, and integration of automotive cameras are providing high yield scope to industry expansion, adding to head turning quotient in these regions.
  • All country based analysis of the traffic jam assist market is further analyzed based on maximum granularity into further segmentation. On the basis of automation, the market is segmented into level 2 and level 3.  On the basis of component, market is fragmented into automotive cameras, ultrasonic sensors, RADAR, LiDAR, ECUs.
  • Traffic jam assist is a sensor based control device helps in monitoring the vehicle congestion in real time and helps to maintain safe front & rear distance also compares and analyses the speed of your and adjacent vehicles simultaneously.

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Key Pointers Covered in the Traffic Jam Assist Systems Market Industry Trends and Forecast to 2026

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Shares In Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the report

  • Continental AG
  • Delphi Technologies
  •  Infineon Technologies AG
  • Magna International Inc.
  •  Mobileye
  •  NVIDIA Corporation
  •  Robert Bosch GmbH
  •  Valeo, ZF Friedrichshafen AG
  •  AUDI AG
  • Mercedes-Benz
  •  Automotive Group.
  •  Hitachi, Ltd.
  •  SEAT, S.A.
  • The Ford Motor Compan
  •  Miles Continental
  •  Aptiv, BMW UK

Above are the key players covered in the report to know about more and exhaustive list of traffic jam assist companies’ contact us

Research Methodology of Global Traffic Jam Assist Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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