Overview of the global automotive traffic jam assist systems market
The global automotive traffic jam assist system market is anticipated to grow rapidly and post a CAGR of more than 12% during the forecast period. The growing demand for luxury vehicles will drive the growth prospects for the global automotive traffic jam assist system market during the next four years. The luxury vehicle segment is one of the major market segments that exhibit a high percentage of demand for level 3 autonomous features. Some of these features which are highly incorporated in luxury vehicles include adaptive cruise control (ACC) and traffic jam assist (TJA). Furthermore, the cost of installation of level 3 autonomous features is quite high. With the growing demand for luxury vehicles among consumers, the market’s growth will further increase. It has been observed that despite the growing uncertainty regarding increased interest rates by the Federal Reserve, the demand for vehicles has been robust across the world.
The emergence fo 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. For instance, California Partners for Advanced Transit and Highways (PATH) in collaboration with the Department of Transport has been testing a pilot project, where a leading vehicle broadcasts information about its speed and acceleration using a communication protocol.
Competitive landscape and key vendors
The global automotive traffic jam assist systems market is highly diversified and competitive due to the presence of several vendors across the globe. Due to the sophistication of the technology and sensors involved in the system, the market is mostly catered by tier-1 suppliers like Bosch and Continental. These players are increasingly focusing on maximizing their market share by simplifying the integration of the TJA system in the existing complex advanced driver assistance systems (ADAS) in automobiles.
Key vendors in this market are -
- Bosch
- Continental
- Delphi
- Mobileye
- ZF TRW
Other prominent vendors in the market include Valeo, Magna, Hyundai Mobis, and Denso.
Segmentation by OEM and analysis of the automotive traffic jam assist systems market
- Audi
- BMW
- Volvo
- Mercedes-benz
In terms of OEMs, the global automotive TJA system market was dominated by Mercedes-Benz that accounted for the maximum market shares during 2016. However, Volvo is expected to post the highest growth during the forecast period owing to the increased demand for Volvo premium vehicles fitted with semi-autonomous features like the TJA system.
Segmentation by geography and analysis of the automotive traffic jam assist systems market
In terms of geography, EMEA accounts for the maximum market share in 2016 and will continue to dominate the market during the next few years. One of the major factors responsible for the market’s growth in the region is the increasing focus on smart mobility and developed ICT infrastructure.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global automotive traffic jam assist systems market?
- What are the key market trends impacting the growth of the global automotive traffic jam assist systems market?
- What are the challenges to market growth?
- Who are the key vendors in the global automotive traffic jam assist systems market?
- What are the market opportunities and threats faced by the vendors in the global automotive traffic jam assist systems market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global automotive traffic jam assist systems market?
Technavio also offers customization on reports based on specific client requirement.
Related reports:
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Report coverage
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
- Product life cycle
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by OEM
- Global automotive TJA system market for Audi
- Global automotive TJA system market for Mercedes-Benz
- Global automotive TJA system market for BMW
- Global automotive TJA system market for Volvo
- Global automotive TJA system market for other OEMs
PART 07: Market segmentation by geography
- Automotive TJA system market in EMEA
- Automotive TJA system market in Americas
- Automotive TJA system market in APAC
PART 08: Market drivers
- Adoption of efficient sensor fusion techniques to improve accuracy of TJA system
- Rising demand for driver assistance systems
- Induction of ADAS into entry-level vehicles
- Rising support for ADAS and autonomy from other industries
- Increase in demand for luxury vehicles
- Reduced travel time and rear-end collisions
PART 09: Market challenges
- Low system reliability to hinder growth opportunities
- Increasing skepticism due to cybersecurity issues will slow adoption of level 3 autonomous features
- High cost of ADAS systems
PART 10: Market trends
- Shifting focus of OEMs toward autonomous vehicles
- Technological advancements to reduce manufacturing costs of automotive sensors
- OTA updates for firmware
- Increasing adoption of wide-angle camera technology and CMOS imaging in automotive cameras
- Next generation TJA and ACC
PART 11: Vendor landscape
PART 12: Key vendor analysis
- Bosch
- Continental
- Delphi
- Mobileye
- ZF TRW
PART 13: Appendix
PART 14: Explore Technavio