Global Automotive Traffic Jam Assist Systems Market to Grow with Bosch, Continental, Delphi, Mobileye & ZF TRW Dominating – Research and Markets
Research and Markets have announced the addition of the “Global Automotive Traffic Jam Assist Systems Market 2017-2021” report to their offering. The global automotive TJA system market to grow at a CAGR of 12.41% during the period 2017-2021.
The automotive industry is witnessing a structural shift in terms of demand side behaviour. In the late 1970s and the early 1980s, vehicles were perceived as an extension of the personality of the end user. This phenomenon has drastically changed where the next generation of baby boomers, which are the millennials, has shifted to new car ownership models such as carpooling, cab services, and car rentals due to factors such as traffic congestions in urban cities. To adopt to this behavioural change, OEMs are focusing more on technologies that focus on the driverless, autonomous vehicle concept.
In: Growth & Competitiveness