Market Overview:
The global automotive speed monitoring system market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for safety and security features in vehicles, rising concerns over road accidents, and growing adoption of advanced technologies in automotive speed monitoring systems. Based on type, the microwave RADAR-based systems segment is expected to hold the largest share of the global automotive speed monitoring system market during the forecast period. This can be attributed to their high accuracy and reliability in detecting vehicle speeds. Based on application, fleet monitoring is expected to hold the largest share of the global automotive speed monitoring system market duringthe forecast period.
Product Definition:
An automotive speed monitoring system is a device or set of devices used to monitor the speed of a vehicle. This information can be used by the driver, by law enforcement, or by other interested parties. The importance of an automotive speed monitoring system lies in its ability to help keep drivers safe and obey traffic laws.
Microwave RADAR-based Systems:
The global microwave radar-based systems, it's usage and growth factor in automotive speed monitoring system market size was valued at USD 6.5 billion in 2015. The increasing demand for advanced safety features such as Adaptive Cruise Control (ACC), Forward Collision Warning System (FCW) and Lane Departure Warning System (LDW) is expected to drive the industry growth over the forecast period.
Laser-based Systems:
Laser-based speed monitoring system is a technology that uses laser for the measurement of vehicle speed. It provides accurate and instant reading of vehicle speed. The major advantage provided by this system is that it does not require any sensor to be installed in the vicinity of the desired point, which makes it more reliable than other systems used for similar purposes.
This technology has gained significant traction in recent years owing to its ability to provide highly accurate.
Application Insights:
The fleet monitoring segment accounted for the largest market share in 2017 and is anticipated to expand at a steady CAGR over the forecast period. The growth can be attributed to the increasing number of automotive manufacturers across different regions coupled with rising concerns regarding vehicle thefts and accidents. According to an article published by Fleetmatics, Inc., nearly 30,000 vehicles are stolen every year in U.S. Furthermore, according to National Insurance Crime Bureau (NICB), around 1 million crimes involving trucks have been reported annually since 2010 in U.S.
Regional Analysis:
The North American region dominated the global market in 2017. This can be attributed to stringent regulations by the National Highway Traffic Safety Administration (NHTSA), Department of Transportation (DOT) and Federal Motor Carrier Safety Administration (FMCSA). The European region is expected to grow at a significant rate over the forecast period owing to increasing road accidents, which has led governments across this region to adopt various initiatives for vehicle safety monitoring systems installation in commercial vehicles and passenger cars.
Asia Pacific is anticipated to witness substantial growth over the forecast period owing with rapid urbanization, growing population, rising disposable income levels and changing lifestyles. These factors are expected drive demand for automobiles across this region as well as Middle East & Africa.
Growth Factors:
- Increasing demand for safety and security in vehicles
- Government regulations for speed monitoring systems in vehicles
- Rising number of accidents due to speeding drivers
- Growing awareness about the benefits of automotive speed monitoring systems among consumers
- Technological advancements in automotive speed monitoring systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Speed Monitoring System Market Research Report
By Type
Microwave RADAR-based Systems, Laser-based Systems, Ultrasonic-based Systems, Camera–based Monitoring System, Intrusive Sensors & Road Tubes, Satellite-based Road Traffic Monitoring, Others
By Application
Fleet Monitoring, Vehicle Scheduling, Route Monitoring, Driver Monitoring, Others
By Companies
Pricol Limited, Datazone Systems LLC, Fleetmatics Development Limited, Truvelo Manufacturers, Traffic Technology Ltd, MOTO Safety, AIRCO Auto Instruments, Technopurple, SMG Security Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Speed Monitoring System Market Report Segments:
The global Automotive Speed Monitoring System market is segmented on the basis of:
Types
Microwave RADAR-based Systems, Laser-based Systems, Ultrasonic-based Systems, Camera–based Monitoring System, Intrusive Sensors & Road Tubes, Satellite-based Road Traffic Monitoring, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Fleet Monitoring, Vehicle Scheduling, Route Monitoring, Driver Monitoring, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Pricol Limited
- Datazone Systems LLC
- Fleetmatics Development Limited
- Truvelo Manufacturers
- Traffic Technology Ltd
- MOTO Safety
- AIRCO Auto Instruments
- Technopurple
- SMG Security Systems
Highlights of The Automotive Speed Monitoring System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Microwave RADAR-based Systems
- Laser-based Systems
- Ultrasonic-based Systems
- Camera–based Monitoring System
- Intrusive Sensors & Road Tubes
- Satellite-based Road Traffic Monitoring
- Others
- By Application:
- Fleet Monitoring
- Vehicle Scheduling
- Route Monitoring
- Driver Monitoring
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Speed Monitoring System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An automotive speed monitoring system (ASMS) is a device or system that monitors the speed of a vehicle. The ASMS can be used to enforce traffic laws, improve safety, and monitor fleet performance.
Some of the major players in the automotive speed monitoring system market are Pricol Limited, Datazone Systems LLC, Fleetmatics Development Limited, Truvelo Manufacturers, Traffic Technology Ltd, MOTO Safety, AIRCO Auto Instruments, Technopurple, SMG Security Systems.
The automotive speed monitoring system market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Speed Monitoring System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Speed Monitoring System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Speed Monitoring System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Speed Monitoring System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Speed Monitoring System Market Size & Forecast, 2020-2028
4.5.1 Automotive Speed Monitoring System Market Size and Y-o-Y Growth
4.5.2 Automotive Speed Monitoring System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Microwave RADAR-based Systems
5.2.2 Laser-based Systems
5.2.3 Ultrasonic-based Systems
5.2.4 Camera–based Monitoring System
5.2.5 Intrusive Sensors & Road Tubes
5.2.6 Satellite-based Road Traffic Monitoring
5.2.7 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Fleet Monitoring
6.2.2 Vehicle Scheduling
6.2.3 Route Monitoring
6.2.4 Driver Monitoring
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Speed Monitoring System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Speed Monitoring System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Microwave RADAR-based Systems
9.6.2 Laser-based Systems
9.6.3 Ultrasonic-based Systems
9.6.4 Camera–based Monitoring System
9.6.5 Intrusive Sensors & Road Tubes
9.6.6 Satellite-based Road Traffic Monitoring
9.6.7 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Fleet Monitoring
9.10.2 Vehicle Scheduling
9.10.3 Route Monitoring
9.10.4 Driver Monitoring
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Microwave RADAR-based Systems
10.6.2 Laser-based Systems
10.6.3 Ultrasonic-based Systems
10.6.4 Camera–based Monitoring System
10.6.5 Intrusive Sensors & Road Tubes
10.6.6 Satellite-based Road Traffic Monitoring
10.6.7 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Fleet Monitoring
10.10.2 Vehicle Scheduling
10.10.3 Route Monitoring
10.10.4 Driver Monitoring
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Microwave RADAR-based Systems
11.6.2 Laser-based Systems
11.6.3 Ultrasonic-based Systems
11.6.4 Camera–based Monitoring System
11.6.5 Intrusive Sensors & Road Tubes
11.6.6 Satellite-based Road Traffic Monitoring
11.6.7 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Fleet Monitoring
11.10.2 Vehicle Scheduling
11.10.3 Route Monitoring
11.10.4 Driver Monitoring
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Microwave RADAR-based Systems
12.6.2 Laser-based Systems
12.6.3 Ultrasonic-based Systems
12.6.4 Camera–based Monitoring System
12.6.5 Intrusive Sensors & Road Tubes
12.6.6 Satellite-based Road Traffic Monitoring
12.6.7 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Fleet Monitoring
12.10.2 Vehicle Scheduling
12.10.3 Route Monitoring
12.10.4 Driver Monitoring
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Microwave RADAR-based Systems
13.6.2 Laser-based Systems
13.6.3 Ultrasonic-based Systems
13.6.4 Camera–based Monitoring System
13.6.5 Intrusive Sensors & Road Tubes
13.6.6 Satellite-based Road Traffic Monitoring
13.6.7 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Fleet Monitoring
13.10.2 Vehicle Scheduling
13.10.3 Route Monitoring
13.10.4 Driver Monitoring
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Speed Monitoring System Market: Competitive Dashboard
14.2 Global Automotive Speed Monitoring System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Pricol Limited
14.3.2 Datazone Systems LLC
14.3.3 Fleetmatics Development Limited
14.3.4 Truvelo Manufacturers
14.3.5 Traffic Technology Ltd
14.3.6 MOTO Safety
14.3.7 AIRCO Auto Instruments
14.3.8 Technopurple
14.3.9 SMG Security Systems
