The global traffic jam assist market size reached US$ 3.1 billion in 2023. The market is projected to reach US$ 7.9 billion by 2032, exhibiting a growth rate (CAGR) of 11.16% during 2023-2032. The implementation of various government initiatives to enhance road safety, rising expenditure capacities of consumers, and increasing safety awareness represent some of the key factors driving the market.
Traffic jam assist (TJA) is an advanced driver assistance system that is designed to continuously measure the speed of the surrounding vehicle and help the driver in heavy congestion traffic situations. It consists of an adaptive cruise control system, auto-go capability, lane-keeping assist system, and vehicle cameras to avoid rear-end collisions in dense traffic conditions and traffic jams. TJA autonomously accelerate and brake in low-speed traffic, all while remaining in the lane and maintaining a safe distance from the vehicles ahead. It allows vehicles to automatically take over driving, acceleration, braking, and steering within the same lane and assist in preventing collisions. TJA is a safe system that helps to mitigate fatigue associated with stop-and-go commuting.
2. What is the expected growth rate of the global traffic jam assist market during 2024-2032?
3. What are the key factors driving the global traffic jam assist market?
4. What has been the impact of COVID-19 on the global traffic jam assist market?
5. What is the breakup of the global traffic jam assist market based on the automation?
6. What is the breakup of the global traffic jam assist market based on the component?
7. What is the breakup of the global traffic jam assist market based on the method?
8. What are the key regions in the global traffic jam assist market?
9. Who are the key players/companies in the global traffic jam assist market?
Traffic jam assist (TJA) is an advanced driver assistance system that is designed to continuously measure the speed of the surrounding vehicle and help the driver in heavy congestion traffic situations. It consists of an adaptive cruise control system, auto-go capability, lane-keeping assist system, and vehicle cameras to avoid rear-end collisions in dense traffic conditions and traffic jams. TJA autonomously accelerate and brake in low-speed traffic, all while remaining in the lane and maintaining a safe distance from the vehicles ahead. It allows vehicles to automatically take over driving, acceleration, braking, and steering within the same lane and assist in preventing collisions. TJA is a safe system that helps to mitigate fatigue associated with stop-and-go commuting.
Traffic Jam Assist Market Trends
An increasing number of road accidents and rising safety awareness across the globe is one of the key factors driving the market growth. TJA is an adaptive cruise control system that accelerates and brakes in low-speed traffic, while remaining in-lane and maintaining a safe distance from the car in front. In line with this, the widespread adoption of active safety systems in passenger and commercial vehicles, such as adaptive cruise control and lane keep systems to enhance safety while driving, is acting as another growth-inducing factor. Moreover, the shifting preference among the masses for driver assistance systems (DAS) coupled with mandatory installation of DAS owing to government safety regulations is favoring the market growth. Apart from this, the integration of artificial intelligence (AI) to allow the detection of heavy and light vehicles as well as pedestrians are providing an impetus to the market growth. Additionally, the introduction of a combination of cameras and radar systems to maintain a safe, set distance from vehicles and the utilization of lane keeping system to keep the car centered within its lane is propelling the market growth. Furthermore, the increasing demand for luxury vehicles and the rising preference for technologically advanced cars due to their easy driving experience is positively influencing the market growth. Other factors, including rising expenditure capacities of consumers, extensive research and development (R&D) activities, widespread adoption of active safety systems in passenger and commercial vehicles, and the implementation of various government initiatives to enhance road safety, are anticipated to drive the market growth further.Key Market Segmentation:
The report provides an analysis of the key trends in each segment of the global traffic jam assist market, along with forecasts at the global, regional, and country level from 2023-2032. The report has categorized the market based on automation, component, and method.Automation Insights:
- Level 2
- Level 3
Component Insights:
- Automotive Cameras
- Ultrasonic Sensors
- RADAR
- LiDAR
- ECUs
Method Insights:
- Lane Tracking System
- Vehicle Detection and Collision Avoidance System
- Auto Steering and Speed Control System
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global traffic jam assist market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Audi AG (Volkswagen AG), Continental AG, Mobileye Global Inc. (Intel Corporation), Robert Bosch GmbH, Valeo, ZF Friedrichshafen AG, etc.Key Questions Answered in This Report
1. How big is the global traffic jam assist market?2. What is the expected growth rate of the global traffic jam assist market during 2024-2032?
3. What are the key factors driving the global traffic jam assist market?
4. What has been the impact of COVID-19 on the global traffic jam assist market?
5. What is the breakup of the global traffic jam assist market based on the automation?
6. What is the breakup of the global traffic jam assist market based on the component?
7. What is the breakup of the global traffic jam assist market based on the method?
8. What are the key regions in the global traffic jam assist market?
9. Who are the key players/companies in the global traffic jam assist market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Traffic Jam Assist Market
6 Market Breakup by Level of Automation
7 Market Breakup by Component
8 Market Breakup by Method
9 Market Breakup by Region
10 Drivers, Restraints, and Opportunities
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Audi AG (Volkswagen AG)
- Continental AG
- Mobileye Global Inc. (Intel Corporation)
- Robert Bosch GmbH
- Valeo
- ZF Friedrichshafen AG
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 147 |
| Published | January 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 3.1 Billion |
| Forecasted Market Value ( USD | $ 7.9 Billion |
| Compound Annual Growth Rate | 11.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 6 |
