The research report Traffic Jam Assist Systems industry has gained significant momentum over the past decade and is expected to register a CAGR of 12.5% throughout the forecast period 2020-2027 to attain a valuation of USD 6.38 Billion.
The data is garnered through stringent primary and secondary research Traffic Jam Assist Systems market and further validated and verified through industry veterans and experts. To be updated, the report is furnished with the latest impact of the currently unfolding coronavirus pandemic on the Traffic Jam Assist Systems industry. The report considers COVID-19 as one such factor. The report is furnished with the current market scenario and changes in the trends and dynamics of the industry with regard to the impact of the COVID-19 pandemic on the Traffic Jam Assist Systems market. The report analyzes the Traffic Jam Assist Systems market by taking into consideration the key factors that drive or restrain the growth of the market. The study offers both quantitative and qualitative analysis of the global Traffic Jam Assist Systems market.
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Key Highlights from Report
- Over the projected timeline, the Level 3 sub-segment showcased for the highest share in the industry. In terms of acceleration, the vehicle can cross a slow vehicle at level 3, monitoring the condition, managing momentum, changing directions, braking, and acceleration.
- The RADAR sub-segment is leading the industry with 12.8% of CAGR during the estimated timeframe. RADAR sensors are majorly utilized in autonomous driving to perform various driving functions that enhance security and safety.
- The Vehicle Detection and Collision Avoidance system is expected to hold the largest market over the forecasted period. This method facilitates the identification of light and heavy vehicles and pedestrians by the application of artificial intelligence and can measure the height and width of vehicles.
- The prominent companies operating in the Traffic Jam Assist Systems industry include Automotive Group., Mercedes-Benz, AUDI AG, NVIDIA Corporation, ZF Friedrichshafen AG, ŠKODA AUTO, Hyundai Mobis, Ford Motor Company, Robert Bosch GmbH, Bayerische Motoren Werke AG, and Continental AG.
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