Traffic Jam Assist (TJA) Market 2022
Traffic Jam Assist (TJA) Market to grow at a CAGR of ~13.2%
Traffic jam assist demand is expected to grow at a CAGR of nearly 13.2% during the forecast period 2021-2031. In traffic jams, the vehicle automatically takes over driving, acceleration, braking, and steering within the same lane with the help of traffic assist system and helps avoid rear-end collisions in dense traffic and traffic jams.
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One of the major growth drivers for the traffic jam assist include rising cases of road accidents, led by human errors and congestion, over the years. Increase in preference for driver assistance system (DAS) coupled with mandatory installation of DAS owing to government safety regulations is driving the growth of traffic jam assist solutions globally.
What is Driving Demand for Traffic Jam Assist?
The growing demand for luxury vehicles is likely to boost the sales of traffic jam assist systems over the forecast period as the preference for technologically advanced vehicles is rising rapidly for easy driving experience. The emergence of next generation TJA and ACC will drive the growth prospects for the global automotive traffic jam assist systems market during the forecasted period.
The current ACC and TJA systems use surrounding information from radar or LiDAR sensors to navigate through traffic, but the cost incurred in the manufacture of these sensors is very high. As a result, researchers have been focusing on the development of next generation TJA and ACC systems that do not depend on sensors for information about the driving conditions.
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Some of the leading providers of traffic jam assist systems include
Aptiv plc
Audi AG
BMWUK
Continental AG
Hitachi Ltd.
Magna International Inc.
Delphi Technologies
Infineon Technologies AG
Hyundai Mobis
NVIDIA Corporation
Valeo SA
The Ford Motor Company
Others.
The above mentioned companies offer a wide range of traffic jam assist systems and have secure distribution networks at a global level. The key strategies adopted by these companies to sustain their market position are collaborations, contracts & agreements, and new product developments.
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Key Segments
By Component -Automotive Cameras, ECUs, LiDAR, RADAR, Ultrasonic Sensors
By Automation Level – Level 2, Level 3
By System Type – Adaptive Cruise Control System, Lane Tracking System, Vehicle Detection and Collision Avoidance System, Others
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