Automotive Speed Monitoring System Market Research Report By Application (Fleet Monitoring, Vehicle Scheduling, Route Monitoring, Driver Monitoring, Accident Analysis), Technology, End Users

The automotive speed monitoring device is an instrument which enables a driver to enter a speed tolerance profile that represents the driver’s personal travel speed preferences and alerts the driver when the vehicle speed falls outside the speed tolerance profile.Specifically, the speed tolerance profile consists of a number of speed tolerance ranges, each associated with a particular posted speed limit.

Automotive Speed Monitoring System Market Forecast from 2015 till 2025

The automotive speed monitoring device is an instrument which enables a driver to enter a speed tolerance profile that represents the driver’s personal travel speed preferences and alerts the driver when the vehicle speed falls outside the speed tolerance profile. 

Specifically, the speed tolerance profile consists of a number of speed tolerance ranges, each associated with a particular posted speed limit. As the vehicle travels through various map zones, the applicable posted speed limit is determined using a customized GPS map. 

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The device determines the vehicle location, speed, and the posted speed limit and then compares the vehicle speed using a running average to see whether vehicle speed is within the driver’s speed tolerance profile and if not, the device provides the driver with a visual and/or audible warning according to the driver’s operational preferences

The value chain of vehicle speed monitoring system consists of equipment provider, assemblers, software providers, retailers, and distributors. The worldwide Automotive Speed Monitoring System advertise is relied upon to be driven by numerous components, for example, GPS route and expanding vehicular activity in highways. 

Also, these systems help to catch hold the drivers who are driving above a particular speed limit. All the prevailing bodies with diverse geographical regions are enforcing the vehicle speed monitoring system in their respective areas. However, global vehicle speed monitoring system have some restraints such as the system is very cost-infusive and overdependence on technology.  

US motorists will recognize Bosch as the name of a supplier of parts of various kinds to the auto industry. Before long, the brand may become much better known as being a key player in the development of technologies that power autonomous passenger cars and freight trucks. Bosch is convinced that fully autonomous commercial vehicles will be operating on US highways sooner than most people expect, as the technical advances just keep coming.  

That as the company held an open house showcasing its technology progress last week at what Bosch called the Mobility Experience US 2018, held at the Bosch Proving Grounds site outside Detroit. 

As reported by Heavy Duty Trucking magazine, while most of the news systems for autonomous vehicles were featured for use on cars, almost all are likely to make their way to trucks soon as well. 

A student from IIT madras has made a speed monitoring system which can be installed on traffic signals. The principle on which it works is simple — a set of sensors installed on the road margin would calculate a vehicle’s speed as it passes by; a digital board erected at a point further down the road would display the speed; and an alarm would go off if the motorist does not reduce the speed below 40 kmph. 

Further, a trend in this market is the demand for advanced driver-assistance systems (ADAS)—those that help with monitoring, warning, braking, and steering tasks—is expected to increase over the upcoming years, fuelled largely by regulatory and consumer interest in safety applications that protect drivers and reduce accidents. For example, both the United States and the European Union are ordering that all vehicles be outfitted with self-ruling crisis stopping mechanisms and forward-crash cautioning frameworks in up and coming years. Further, buyers of cars are showing curiosity in ADAS applications promoting economy as well as comfort, such as those that helps with monitoring or parking blind spots. 

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Regional analysis:

The global automotive speed monitoring system market is studied across: North America, Europe, Asia Pacific and LMAEA (Latin America, Middle East and Africa). Geographically, the Global Vehicle Speed Monitoring System  industry can be divided into major regions which include North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, Middle East and Africa. North America is early adopter of the vehicle speed monitoring system in, followed Asia-Pacific. However, with pace of time, the usage of Collision Mitigation System has increased in North America, Asia-Pacific and Rest of the World. North America is expected to surpass Europe in near future in the Collision Mitigation System Market and will hold a larger market share in upcoming years. 

Segmentation:
On the basis of technology:
• Microwave radar-based systems
• Laser based systems
• Ultrasonic-based systems
• Camera-based monitoring system
• Intrusive sensors & road tubes
• radio frequency identification transponders and satellite-based road traffic monitoring
• Anisotropic magneto-resistive magnetic sensors
On the basis of application:
 fleet monitoring, 
• vehicle scheduling, 
• route monitoring, 
• driver monitoring 
• accident analysis
On the basis of end users:
Government bodies  
• Other professional industry. 

Key players:
The leading players in the market are AIRCO Auto Instruments, Technopurple, Truvelo Manufacturers, Pricol Limited, Datazone Systems LLC, Fleetmatics Development Limited, Traffic Technology Ltd, MOTO Safety,  SMG Security Systems.  

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