The Global Traffic Jam Assist Systems Market Report Forecast to 2027 encompasses crucial aspects of the global Traffic Jam Assist Systems industry vertical.The report is furnished with the latest information about product specifications and portfolio, technological advancement, product type, and manufacturing. Major factors such as revenue, costs, and gross margin are taken into consideration while formulating this report. The report provides extensive data concerning the key market players along with their SWOT analysis, financial standing, technological and product development, and recent strategic business expansion plans.
According to the World health organization, as a result of road traffic crashes, nearly 1.35 million people die per year globally. Besides, governments’ rising concern and initiatives to prevent road accidents are expected to further propel the market growth over the forecasted timeline. Crashes in road traffic cost most nations 3 % of their gross domestic product. Moreover, the rising preference to reduce traffic congestion is likely to augment market growth shortly.
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Key Highlights From The Report
- The Vehicle Detection and Collision Avoidance system is expected to hold the largest market over the forecasted period. This method facilitates the identification of light and heavy vehicles and pedestrians by the application of artificial intelligence and can measure the height and width of vehicles.
- 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.
Traffic Jam Assist Systems Market Segmentation:
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
The Global Traffic Jam Assist Systems Market can be geographically bifurcated on the basis of regional demand, output, and estimated revenue share. The most prominent regions dictating the global market include:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Germany, France, Italy)
- Asia Pacific (China, Japan, India, Korea)
- Latin America (Brazil, Argentina, Ecuador, Chile)
- Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran)
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Global Traffic Jam Assist Systems Market Report – Key Takeaways:
- The latest research report analyzes the changing competitive scenario.
- The report carries an unbiased perspective towards the global market performance.
- The study presents an eight-year assessment of the global market and its principal product segments.
- Market dynamics, such as drivers, opportunities, restraints, and threats, have been discussed in the report in detail.
- The analytical data and strategic planning methodologies are expected to aid businesses in decision-making
- The report serves as an exhaustive regional analysis of the global Traffic Jam Assist Systems market, systematically presenting the business profiles of various stakeholders.
- Furthermore, the report provides valuable data about the critical factors influencing market progress.
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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