According to IMARC Group's latest research report, titled "Traffic Jam Assist Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," presents a comprehensive analysis of the industry, covering traffic jam assist market, opportunity, overview, statistics size, share, trends, demand, and growth prospects. The traffic jam assist market research report also provides competitor and regional analysis and showcases the contemporary advancements in the global market.
The global traffic jam assist market size reached US$ 2.71 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.58 Billion by 2028, exhibiting a growth rate (CAGR) of 12.40% during 2023-2028.
Traffic jam assist (TJA) represents an advanced driver assistance system that is designed to continuously calculate the speed of the surrounding vehicle and aid the driver in heavy congestion traffic situations. It consists of an auto-go capability, lane-keeping assistant, adaptive cruise control system, and car cameras to avoid rear-end collisions in dense traffic conditions and jams. Traffic jam assist autonomously accelerates and brakes at a low-speed standstill, all while remaining in the lane and maintaining a safe distance from the vehicles ahead. In addition to this, it allows automobiles to automatically take over acceleration, braking, driving, and steering and aid in preventing collisions. As a result, traffic jam assist finds widespread applications in passenger cars and commercial vehicles across the globe.
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The escalating number of road accidents and the rising consumer safety awareness are among the primary factors driving the traffic jam assist market. Besides this, the extensive utilization of active safety techniques in passenger and commercial vehicles, such as adaptive cruise control and lane keep systems to enhance safety while driving, is further augmenting the market growth. Moreover, the shifting preference among individuals toward driver assistance systems (DAS) and the introduction of cameras and radar techniques to maintain a safe, set distance from vehicles are also catalyzing the global market. Apart from this, the growing demand for luxury cars and the increasing need for technologically advanced automobiles, owing to their easy driving experience, are acting as significant growth-inducing factors. Furthermore, the integration of artificial intelligence (AI) to allow the detection of heavy and light vehicles and pedestrians, the inflating expenditure capacities of consumers, and the elevating requirement for active safety systems in passenger and commercial cars are expected to bolster the traffic jam assist market in the coming years.
The report has segmented the market into the following categories:
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