Traffic Jam Assist Systems Market Overview Highlighting Major Drivers, Trends, Growth Rate and Demand Report 2020- 2027

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.

The report offers a comprehensive understanding of the impact of the COVID-19 pandemic on the overall market growth and expansion. COVID-19 has affected the global economy by interfering with production and demand, causing market disruption, and inducing financial instability. The report further analyses the impact of COVID-19 on the global Traffic Jam Assist Systems market and offers a futuristic outlook of the market in the post-COVID-19 world.

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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.
• It is expected that North America will lead the market over the forecast timeframe. The growing implementation of highly advanced road infrastructure has contributed to an early expansion of the market.
• 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.

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

The research report is an investigative study providing a conclusive view of the Traffic Jam Assist Systems business sphere by an in-depth segmentation of the market into key applications, types, and regions. These segments are analyzed on the basis of present, emerging, and future trends. The regional segmentation provides current and forecast demand estimation for the Traffic Jam Assist Systems industry in key regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

The report gives a comprehensive analysis of the Traffic Jam Assist Systems market at the global and regional level, and the forecast has been presented in terms of value and price for the period of 8 years from 2020-2027. The report covers an extensive study of the market drivers and restraints on the global scale and provides an impact analysis of those market drivers and restraints on the demand and supply ratio for the Traffic Jam Assist Systems market throughout the forecast period.

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Key Summary of the Traffic Jam Assist Systems Market Report:

• Insightful information regarding the global Traffic Jam Assist Systems market
• Identification of growth in various segments and sub-segments of the Traffic Jam Assist Systems market
• Strategic recommendations for investment opportunities
• The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate
• Emerging trends and current market segment analysis to help investors formulate new business strategies
• Accelerates the decision making process through the detailed description of the drivers, restraints, growth prospects, and limitations
• Thorough SWOT analysis and Porter’s Five Forces analysis along with feasibility analysis and investment return analysis

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

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