The global automotive traffic jam assist system market is likely to be valued at almost 405 thousand units in 2017 and is expected to reach around 727 thousand units by 2021, says Technavio.
Technavio has announced its latest market research report on the global automotive traffic jam assist system market, under its automotive electronics portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like Bosch, Continental, Delphi, Mobileye, and ZF TRW.
According to Neelam Barua, a lead analyst for automotive electronics research at Technavio, “Even though the concept of autonomous vehicles is still in its nascent stage, numerous experts are expecting this concept to drive the future of the automotive industry. Several major OEMs and tier-1 suppliers have already initiated projects to commercialize this concept of autonomous vehicles.”
Audi, Ford, Continental, Bosch, and Delphi are the vendors who are currently most active in the autonomous vehicle space. Furthermore, non-automotive companies such as Google and Apple are investing in autonomous vehicles by leveraging their expertise in communications.
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Induction of ADAS into entry-level vehicles
ADAS manufacturers such as Continental, Robert Bosch, and Autoliv are collaborating with OEMs to develop and manufacture low-cost ADAS for low-cost and compact vehicles. Such collaborations are expected to help attain economies of scale and reduce the price of ADAS, and subsequently result in increased implementation of ADAS in low-cost vehicles during the forecast period.
Increase in demand for luxury vehicles
The luxury vehicle segment is the major market for level 3 autonomous features such as ACC and TJA owing to the high cost of installation. A projected increase in the demand for luxury vehicles is expected to reflect positively on the demand for automotive traffic jam assist system market during the forecast period.
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This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Automotive Traffic Jam Assist System Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Motorcycle Side View Assist System Market 2016-2020
- Global Automotive Advance Driver Assistance System Market 2016-2020
- Global Commercial Vehicle Advance Driver Assistance Systems Market 2016-2020
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