What is Traffic Jam Assist Systems?
Traffic jam assist systems provides enhanced safety while driving in the highway traffic jams. Traffic jams is one of the major reasons of road accident and approximately 1.3 million people die due to road traffic accidents. Increasing situation of traffic jams in metro cities due to the rise in ownership of vehicles, the government of various countries has implemented to deploy some safety features in the vehicles to assist the drivers.
The market study is broken down by Type (Tri-cam Front Cameras and Forward Facing Monocular Cameras), by Application (Passenger Vehicles and Commercial Vehicles) and major geographies with country level break-up.
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market Analysts at AMA Research estimates that Players from German will contribute to the maximum growth of Global Traffic Jam Assist Systems market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Continental AG (Germany), Robert Bosch (Germany), Delphi Technologies (United Kingdom), BMW (Germany), Hyundai Mobis (South Korea), Daimler AG (Germany), Volvo (Sweden), Denso (Japan), Mobileye (Israel) and Ford Motor Company (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Traffic Jam Assist Systems market by Type, Application and Region.
On the basis of geography, the market of Traffic Jam Assist Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution, the sub-segment i.e. OEMs will boost the Traffic Jam Assist Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In October 2020, Alfa Romeo introduced advanced highway/traffic jam assist system to make ride safer and more convenient. The system will help to maintain vehicle's positioning & speed when driving on roads. The system operates when lane markings are detected on the road at speeds of up to 90 mph and the user can view any warnings and status of the system that's indicated by the symbol's color in the display.
Market Trend
- Growing Adoption of Innovative Technologies in Vehicles
Market Drivers
- Emerging Trend of Connected Vehicles
- Rise in Accidents Due to Traffic Jams thereby Increasing Demand for Automation Technology
Opportunities
- Increased Manufacturing of Passenger Vehicles with the Increasing Population across the Globe
Restraints
- The System Leaves Big Gaps to The Vehicle In Front
- High Cost of Traffic Jam Assist Systems
Challenges
- High Adoption of Cheap Cars in Some Developing and Underdeveloped Countries
Key Target Audience
Raw Material Suppliers, New Entrants/Investors, Analysts and Strategic Business Planners, Traffic Jam Assist Systems Manufacturers, Suppliers and Distributors of Traffic Jam Assist Systems, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.