Global Traffic Jam Assist Systems Market, By Level of Automation (Level 2, Level 3), Component (Automotive Cameras, Ultrasonic Sensors, RADAR, LiDAR, ECUs), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Traffic Jam Assist Systems Market
The traffic jam assist systems market is expected to witness market growth at a rate of 12.30% in the forecast period of 2021 to 2028 and is expected to reach the value of USD 6653.93 million by 2028. Data Bridge Market Research report on traffic jam assist systems market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the safety concerns globally is escalating the growth of traffic jam assist systems market.
Traffic jam assist systems refer to the type of system that consists of various functions in order to help the driver in heavy congestion traffic situation. These systems comprise of Auto-go capability, adaptive cruise control system, and lane-keeping assists system. The system is capable of automatically controlling accelerator and brakes.
The increase in the number of car accidents due to human error across the globe acts as one of the major factors driving the growth of traffic jam assist systems market. The increases in the adoption of the traffic jam assist systems in the vehicles for providing a safer and more comfortable driving experience and rise in demand for automated driving systems among consumers for reducing the human effort put into driving, especially during certain unwanted situations accelerate the market growth. The rise in the in preference for driver assistance system (DAS) along with mandatory installation of DAS due to government safety regulations and increase in the popularity of the system as it incorporates artificial intelligence, further influence the market. Additionally, urbanization and digitization, rise in population, increase in number of sales and production of vehicles and surge in cases of vehicle congestion on the civilian roads and highways positively affect the traffic jam assist systems market. Furthermore, advancements in vehicle safety technologies extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high initial cost and complex retrofit process are expected to obstruct the market growth. Disruptions in supply chain catering to the automobile industry, because of the outbreak of COVID-19 are projected to challenge the traffic jam assist systems market in the forecast period of 2021-2028.
This traffic jam assist systems market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info traffic jam assist systems market for airports market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Traffic Jam Assist Systems Market Scope and Market Size
The traffic jam assist systems market is segmented on the basis of level of automation and component. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of level of automation, the traffic jam assist systems market is segmented into level 2, and level 3.
- On the basis of level of component, the traffic jam assist systems market is segmented into automotive cameras, ultrasonic sensors, RADAR, LiDAR and ECUs.
Global Traffic Jam Assist Systems Market Country Level Analysis
The traffic jam assist systems market is analyzed and market size, volume information is provided by country, level of automation and component as referenced above.
The countries covered in the global traffic jam assist systems market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America and Europe dominate the traffic jam assist systems market and are expected to witness significant growth during the forecast period of 2021 to 2028 because of the due to the presence of technologically advanced research institutes and prominent players within the regions.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Traffic Jam Assist Systems Market Share Analysis
The traffic jam assist systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to traffic jam assist systems market.
The major players covered in the traffic jam assist systems market report are Continental AG, Delphi Technologies, DENSO CORPORATION, Infineon Technologies AG, Magna International Inc., Mobileye, NVIDIA Corporation, Robert Bosch GmbH, Valeo, ZF Friedrichshafen AG, HYUNDAI MOBIS, AUDI AG, Mercedes-Benz, Automotive Group., Hitachi, Ltd., SEAT, S.A., The Ford Motor Company, ŠKODA AUTO, Miles Continental, Aptiv, BMW among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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