Traffic Jam Assist Market Report by Automation (Level 2, Level 3), Component (Automotive Cameras, Ultrasonic Sensors, RADAR, LiDAR, ECUs), Method (Lane Tracking System, Vehicle Detection and Collision Avoidance System, Auto Steering and Speed Control System, and Others), and Region 2024-2032

Traffic Jam Assist Market Report by Automation (Level 2, Level 3), Component (Automotive Cameras, Ultrasonic Sensors, RADAR, LiDAR, ECUs), Method (Lane Tracking System, Vehicle Detection and Collision Avoidance System, Auto Steering and Speed Control System, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A7216
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Market Overview:

The global traffic jam assist market size reached US$ 3.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 7.9 Billion by 2032, exhibiting a growth rate (CAGR) of 10.83% during 2024-2032. The implementation of various government initiatives to enhance road safety, rising expenditure capacities of consumers, and increasing safety awareness represent some of the key factors driving the market.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 3.1 Billion
Market Forecast in 2032
US$ 7.9 Billion
Market Growth Rate 2024-2032 10.83%


Traffic jam assist (TJA) is an advanced driver assistance system that is designed to continuously measure the speed of the surrounding vehicle and help the driver in heavy congestion traffic situations. It consists of an adaptive cruise control system, auto-go capability, lane-keeping assist system, and vehicle cameras to avoid rear-end collisions in dense traffic conditions and traffic jams. TJA autonomously accelerate and brake in low-speed traffic, all while remaining in the lane and maintaining a safe distance from the vehicles ahead. It allows vehicles to automatically take over driving, acceleration, braking, and steering within the same lane and assist in preventing collisions. TJA is a safe system that helps to mitigate fatigue associated with stop-and-go commuting.

Traffic Jam Assist Market

Traffic Jam Assist Market Trends:

An increasing number of road accidents and rising safety awareness across the globe is one of the key factors driving the market growth. TJA is an adaptive cruise control system that accelerates and brakes in low-speed traffic, while remaining in-lane and maintaining a safe distance from the car in front. In line with this, the widespread adoption of active safety systems in passenger and commercial vehicles, such as adaptive cruise control and lane keep systems to enhance safety while driving, is acting as another growth-inducing factor. Moreover, the shifting preference among the masses for driver assistance systems (DAS) coupled with mandatory installation of DAS owing to government safety regulations is favoring the market growth. Apart from this, the integration of artificial intelligence (AI) to allow the detection of heavy and light vehicles as well as pedestrians are providing an impetus to the market growth. Additionally, the introduction of a combination of cameras and radar systems to maintain a safe, set distance from vehicles and the utilization of lane keeping system to keep the car centered within its lane is propelling the market growth. Furthermore, the increasing demand for luxury vehicles and the rising preference for technologically advanced cars due to their easy driving experience is positively influencing the market growth. Other factors, including rising expenditure capacities of consumers, extensive research and development (R&D) activities, widespread adoption of active safety systems in passenger and commercial vehicles, and the implementation of various government initiatives to enhance road safety, are anticipated to drive the market growth further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global traffic jam assist market, along with forecasts at the global, regional, and country level from 2024-2032. Our report has categorized the market based on automation, component, and method.

Automation Insights:

Traffic Jam Assist Market By Automation

  • Level 2
  • Level 3
     

The report has provided a detailed breakup and analysis of the traffic jam assist market based on automation. This includes levels 2 and 3. According to the report, level 3 represented the largest segment.

Component Insights:

  • Automotive Cameras
  • Ultrasonic Sensors
  • RADAR
  • LiDAR
  • ECUs
     

The report has provided a detailed breakup and analysis of the traffic jam assist market based on the component. This includes automotive cameras, ultrasonic sensors, RADAR, LiDAR, and ECUs. According to the report, RADAR represented the largest segment.

Method Insights:

  • Lane Tracking System
  • Vehicle Detection and Collision Avoidance System
  • Auto Steering and Speed Control System
  • Others
     

The report has provided a detailed breakup and analysis of the traffic jam assist market based on the method. This includes lane tracking, vehicle detection and collision avoidance, auto steering and speed control systems and others. According to the report, vehicle detection and collision avoidance represented the largest segment.

Regional Insights:

Traffic Jam Assist Market By Region

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, North America was the largest market for traffic jam assist. Some of the factors driving the North America traffic jam assist market included extensive research and development (R&D) activities, the widespread adoption of active safety systems in passenger and commercial vehicles, and the implementation of various government initiatives.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global traffic jam assist market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Audi AG (Volkswagen AG), Continental AG, Mobileye Global Inc. (Intel Corporation), Robert Bosch GmbH, Valeo, ZF Friedrichshafen AG, etc.  Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Automations Covered Level 2, Level 3
Components Covered Automotive Cameras, Ultrasonic Sensors, RADAR, LiDAR, ECUs
Methods Covered Lane Tracking System, Vehicle Detection and Collision Avoidance System, Auto Steering and Speed Control System, Others
Regions Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Audi AG (Volkswagen AG), Continental AG, Mobileye Global Inc. (Intel Corporation), Robert Bosch GmbH, Valeo, ZF Friedrichshafen AG, etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the traffic jam assist market from 2018-2032.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the global traffic jam assist market.
  • The study maps the leading as well as the fastest growing regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the traffic jam assist industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Key Questions Answered in This Report

The global traffic jam assist market was valued at US$ 3.1 Billion in 2023.

We expect the global traffic jam assist market to exhibit a CAGR of 10.83% during 2024-2032.

The rising number of road accidents, along with the introduction of a combination of cameras and radar systems to maintain a safe distance from vehicles and the utilization of lane keeping system to keep the car centered within its lane, is primarily driving the global traffic jam assist market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the stay-at-home orders by various government officials, thereby negatively impacting the global market for traffic jam assist.

Based on the automation, the global traffic jam assist market can be segmented into level 2 and level 3. Currently, level 3 holds the majority of the total market share.

Based on the component, the global traffic jam assist market has been divided into automotive cameras, ultrasonic sensors, RADAR, LiDAR, and ECUs. Among these, RADAR currently exhibits a clear dominance in the market.

Based on the method, the global traffic jam assist market can be categorized into lane tracking system, vehicle detection and collision avoidance system, auto steering and speed control system, and others. Currently, vehicle detection and collision avoidance system accounts for the majority of the largest market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global traffic jam assist market include Audi AG (Volkswagen AG), Continental AG, Mobileye Global Inc. (Intel Corporation), Robert Bosch GmbH, Valeo, ZF Friedrichshafen AG, etc.

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Traffic Jam Assist Market Report by Automation (Level 2, Level 3), Component (Automotive Cameras, Ultrasonic Sensors, RADAR, LiDAR, ECUs), Method (Lane Tracking System, Vehicle Detection and Collision Avoidance System, Auto Steering and Speed Control System, and Others), and Region 2024-2032
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