Global Traffic Jam Assist (TJA) Market Overview:
Traffic jam assist is a system that detects the traffic lane lines and a vehicle ahead that applies steering torque and adjusts your speed to help keep your vehicle in the center of the lane. It is a safety system that is deployed in modern vehicles in order to reduce the rate of road accidents.
Growth Drivers
- Eliminates errors through computation and artificial intelligence in the vehicle
- Radar and camera technology helps sense traffic and the road ahead this is the major factor that drive the growth of the market
Roadblocks
- The increasing number of traffic jam
Opportunities
- Technologically advanced vehicles is rising rapidly for the easy driving experience
- Technological advancement in cameras, radars, ultrasonic sensors, LiDARs, and ECUs for enhancing safe ride and smart intelligence
Challenges
- Rising cases of road accidents
Competitive Landscape:
Companies in the market are concentrating on traffic jam assist. In the Asia Pacific, the increasing use of ultrasonic sensors, and integration of automotive cameras are providing high industry expansion.
Some of the key players profiled in the report are ZF Friedrichshafen (Germany), J.D. Power (United States), Volkswagen Group (Germany), Continental AG (Germany), Hyundai Motor Company (South Korea), Torque Automotive, LLC (United States), Skill Lync (India), CEAT (India), Aptiv (Irland), BMW UK (United Kingdom), Delphi Technologies (United Kingdom), Hitachi, Ltd. (Japan), Infineon Technologies AG (Germany), NVIDIA Corporation (United States), Robert Bosch GmbH (Germany) and The Ford Motor Company (United States). Additionally, following companies can also be profiled that are part of our coverage like ENSO CORPORATION (Sri Lanka) and Magna International Inc. (Canada). Analyst at AMA Research see United States Players to retain maximum share of Global Traffic Jam Assist (TJA) market by 2026.
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What Can be Explored with the Traffic Jam Assist (TJA) Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Traffic Jam Assist (TJA) Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Traffic Jam Assist (TJA)
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Traffic Jam Assist (TJA) market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Traffic Jam Assist (TJA) market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Designers, Engineers, Suppliers, Government Agency and Manufacturing Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.