Global Automotive Traffic Jam Assist Systems Market 2017-2021

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

• Americas
• APAC
• EMEA

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?

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