Global Traffic Jam Assist Systems Market, Analysis & Forecast - 2017 to 2026, Focus on Level of Automation (Level 2 & 3) and Components

NEW YORK, Nov. 6, 2017 /PRNewswire/ --

The rising concerns regarding vehicle congestion on the civilian roads and highways along with an increasing number of car accidents due to human error are the primary factors driving the demand for the traffic jam assist systems. With the efforts being made to make the driving experience a safer and more comfortable one, the consumers are looking towards the automated driving systems that may reduce the human effort put into driving, especially during certain unwanted scenarios.

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The market, in terms of value, generated $1,081.8 million in the year 2016, and is expected to grow at a rapid pace over the forecast period of 2017-2026. The research study is a compilation of various segmentations including the market breakdown by level of automation, component type, and different geographical regions.

This report provides a detailed market analysis and forecast with respect to the various component types used in the traffic jam assist systems, including cameras, radars, ultrasonic sensors, LiDARs and ECUs. Additionally, on the basis of the automation level, the traffic jam assist systems market has been segmented into level 2 and level 3 automation.

The report addresses the following key questions about the global traffic jam assist systems market:
• What is the market size of the global traffic jam assist systems in the terms of value from 2016-2026?
• Which component type is dominating the global traffic jam assist systems market in terms of value?
• What will be the revenue generated by the different automation levels in the global traffic jam assist systems market from 2016-2026?
• Which region in the traffic jam assist systems market is expected to grow the fastest from 2016-2026?
• What are the different factors driving the market forward during the forecast period?
• What are the major factors challenging the growth of the global traffic jam assist systems market?
• Which types of new strategies are being adopted by the existing market players to make a mark in the industry?
• What was the market share of the leading manufacturers in the year 2016?

The report also includes an exhaustive analysis of the market on the basis of several geographical regions, namely North America, Europe, Asia-Pacific, South America, and Middle East & Africa. Each geographical region analysis details the individual push and pull forces in addition to the key players from that particular region.

The report examines the role of the leading market players involved in the industry as well. The company profiles section includes the highlights of significant information about the key companies involved along with their financial positions, key strategies & developmental activities of the recent years (2014-2017) and the SWOT analysis of these players. Some of the key players in the traffic jam assists systems market are Continental AG (Germany), Robert Bosch GmbH (Germany), NVIDIA Corporation (the U.S.), Delphi Automotive PLC (the U.K), Denso Corporation (Japan), Infineon Technologies AG (Germany), and Mobileye N.V. (Israel).

Executive Summary
The importance of safety in a vehicle is taking precedence over other factors involved in making the driving experience a better one. An increase in the number of vehicles is leading to innumerable road accidents, primarily caused by human error. The industry is turning to the automated driving systems to provide a solution in order to minimize the human effort involved in driving, especially during certain situations. Increase in the traffic congestion is another major concern attributed to the increase in the number of vehicles. People all over the world, both living in the developed and developing countries, are facing the perils of wasting a significant number of hours driving on the roads at extremely slow speed. This, consequently, is increasing their level of exhaustion while driving. An intelligent and innovative solution to both these problems has been introduced in the form of the traffic jam assist systems.

The report defines and estimates the market size and future growth potential of the automotive traffic jam assist systems market during the forecast period (2017 to 2026). The global traffic jam assist systems market generated $1,081.8 million in 2016; the market currently is being driven by the need to find a solution to reduce the vehicle congestion on the roads. Additionally, introducing these systems on the civilian roads will help reduce accidents caused due to the human error. However, the factors such as the high cost associated with the technology and performance limitations of the components may affect the sales adversely. Furthermore, the apprehensions regarding the reliability of the autonomous driving systems may hinder the market growth. On the other hand, the automotive industry adapting to the new technologies with regard to the automated driving systems gives the prominent players a major opportunity to establish themselves in the market. The collaborations between the various component and automobile manufacturers are expected to contribute positively to the market as well.

Traffic jam assist systems can be categorized into level 2 and level 3 automation systems. At present, most systems launched in the market operate in level 2 automation. While the trend, through the forecast period, is expected to be similar, the number of cars equipped with level 3 traffic jam assist systems is estimated to increase significantly.

Traffic jam assist systems use various components including radars, cameras, Electronic Control Units (ECUs), ultrasonic sensors, and LiDAR units. Since the traffic jam assist systems have been commercialized recently, the market for components dedicated to these systems is yet to be completely developed. However, the market for all the components is expected to grow rapidly over the course of the forecast period, with the radar systems showing the maximum growth. This growth is attributed to the traffic jam systems requiring multiple radars to operate and the easy functioning of the radar systems.

The report also covers the global traffic jam assist systems market by geography and consequently provides the revenue of the key regions which include North America, Europe, Asia-Pacific (APAC), Middle East & Africa, and South America. The presence of the highly developed road infrastructure and a greater acceptance rate have contributed to the early market dominance in the European and North American region. Further, the commercialization of the ADAS systems in other regions along with the increased government support is expected to play a key role in the growth of traffic jam assist systems market.

Some of the key players in the traffic jam assist systems market are Continental AG (Germany), Robert Bosch GmbH (Germany), NVIDIA Corporation (the U.S.), Delphi Automotive PLC (the U.K), Denso Corporation (Japan), Infineon Technologies AG (Germany), and Mobileye N.V. (Israel). These companies are aiming for a wider range of product portfolio and collaborations in order to enhance the performance and quality of the components of the autonomous systems.

Countries Covered
• North America
• Europe
• APAC
• RoW

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