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Traffic Jam Assist Systems Market (2020-2027) – Growth, Trends, COVID-19 Impact, and Forecasts

Summary

 The global Traffic Jam Assist (TJA) Systems Market is forecasted to be worth USD 6.38 Billion by 2027, according to a current analysis by Emergen Research. Due to growing cases of road accidents due to human errors and congestion, the market for Traffic […]

 The global Traffic Jam Assist (TJA) Systems Market is forecasted to be worth USD 6.38 Billion by 2027, according to a current analysis by Emergen Research. Due to growing cases of road accidents due to human errors and congestion, the market for Traffic Jam Assist (TJA) Systems is expected to expand substantially over the forecasted period. According to the World health organization, as a result of road traffic crashes, nearly 1.35 million people die per year globally.

Expensive Traffic Jam Assist systems are expected to impede market expansion during the forecast timeframe.

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Key Highlights From The Report

  • It is expected that the RADAR segment will lead the market with a CAGR of 12.8% over the forecast timeframe. RADAR sensors are used for autonomous driving in order to perform driving functions that improve safety and security.
  • Over the forecast timeline, the Level 3 segment accounts for the largest market. The vehicle can accelerate across a slow-moving vehicle at level 3, monitor the condition, change directions, and manage momentum, acceleration, and braking.
  • During the forecast timeframe, the Auto Steering and Speed Control System segment is expected to have a significant market since this approach is being used to control the speed of the vehicle to prevent congestion when the speed of the vehicle becomes less than 40 kmph.
  • Key participants include Mercedes-Benz, Automotive Group., ZF Friedrichshafen AG, NVIDIA Corporation, AUDI AG, ŠKODA AUTO, Robert Bosch GmbH, Hyundai Mobis, Ford Motor Company, Bayerische Motoren Werke AG, and Continental AG among other.

Emergen Research has segmented the global Traffic Jam Assist (TJA) Systems Market on the basis of component, level, method, and region:

  • Component Outlook (Revenue, USD Billion; 2017-2027)
    • ECUs
    • Automotive Cameras
    • LiDAR
    • Ultrasonic Sensors
    • RADAR
  • Level Outlook (Revenue, USD Billion; 2017-2027)
    • Level 2
    • Level 3
  • Method Outlook (Revenue, USD Billion; 2017-2027)
    • Lane Tracking System
    • Vehicle Detection and Collision Avoidance System
    • Auto Steering and Speed Control System
    • Others

Key Regions analyzed in the report include:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Key Features of the Report:

  • Comprehensive assessment of the COVID-19 impact on the growth of the Traffic Jam Assist Systems market
  • Strategic recommendations to the key players and new entrants
  • Value chain analysis and pricing analysis of the Traffic Jam Assist Systems market
  • Country-wise and region wise assessment of the market growth and market size
  • Growth forecast and revenue estimation of the Traffic Jam Assist Systems market
  • Detailed assessment of key market drivers, restraints, growth prospects, and limitations
  • 8-year forecast of the global Traffic Jam Assist Systems market

Table of Content:

Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Traffic Jam Assist (TJA) Systems Market Segmentation & Impact Analysis
4.1. Traffic Jam Assist (TJA) Systems Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. The increasing traffic congestion
4.2.2.2. Growing demand for luxury vehicles
4.2.2.3. The rising cases of road accidents
4.2.2.4. The increasing technological advancement
4.2.3. Market restraints analysis
4.2.3.1. High system cost
4.2.3.2. Issues related system reliability
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis

READ MORE…!

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Thank you for reading our report. The report can be customized based on the regions and countries, as well as clients’ requirements. For more details, get in touch with us, and our team will provide unparalleled assistance to ensure the report is according to your requirements.

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About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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