Market Overview:
The global speed limiters market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for safety and security features in vehicles, rising concerns over road safety, and stringent government regulations mandating the use of speed limiters in vehicles. The global speed limiters market is segmented on the basis of type, application, and region. On the basis of type, it is divided into adjustable speed limiter and intelligent speed limiter. The adjustable speed limiter segment dominates the global market owing to its low cost and easy installation compared with intelligent speed limiters.
Product Definition:
Speed limiters are devices that are fitted to a vehicle in order to restrict the speed at which it can travel. This is usually done for safety reasons, as it can help to prevent accidents by ensuring that vehicles do not travel too quickly. Speed limiters are also known as speed governors.
Adjustable Speed Limiter:
An adjustable speed limiter is a safety device that prevents the vehicle's engine from exceeding the vehicle's maximum permitted operating speed. The ASL works by increasing or decreasing the flow of fuel to the cylinders, thereby controlling engine speeds. It can be used in conjunction with any type of speed limiter, including mechanical, hydraulic or pneumatic and electric.
The global market for ASLs has grown at a steady pace over recent years.
Intelligent Speed Limiter:
Intelligent speed limiter is a device that limits the vehicle's speed by sensing the driver's reaction to the road. It works on an electromagnetic principle and uses sensors to measure how hard you brake or how quickly you accelerate. The I-SLIM technology used in these devices is based on patented algorithms developed by Cogent Inc., a company acquired by Cisco Systems, Inc.
Application Insights:
Passenger cars were the largest application segment and accounted for a revenue share of over 60.0% in 2017. The growth in this segment can be attributed to increasing demand for passenger vehicles with higher fuel efficiency, comfort, and safety features as compared to heavy commercial vehicles (HCVs). HCVs are majorly used on long-distance highways whereas passenger cars are mostly used on short-distance highways. This factor is likely to increase the demand for speed limiters during the forecast period.
LCVs are widely utilized by companies operating across various industries such as food & beverage, healthcare, retailing among others which require large trucks or vans for transportation purposes respectively.
Regional Analysis:
Europe dominated the global market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period owing to stringent regulations regarding road safety and rising adoption of automated traffic management systems (ATMS) by governments. Europe has also been one of the early adopters for most emerging technologies, which is further expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth from 2018 to 2030 due high increase in automobile production across various countries such as China, India, Japan and South Korea. Moreover, increasing number of fatalities caused due improper speed limiters usage will propel demand for automatic speed limiter systems across this region eventually driving regional market growth over the projected time frame 8 .
Growth Factors:
- Increasing demand for safety and security in automotive industry
- Stringent government regulations for vehicle safety
- Rising concerns over environmental pollution and global warming
- Proliferation of advanced telematics and ITS technologies
- Growing demand for fuel-efficient vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Speed Limiters Market Research Report
By Type
Adjustable Speed Limiter, Intelligent Speed Limiter
By Application
Passenger Cars, Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs)
By Companies
Continental, Vodafone Automotive, Autokontrol, AVS LTD, Highway Digital, SABO Electronic Technology, Autograde International, IMPCO Technologies, Pricol Ltd
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 Speed Limiters Market Report Segments:
The global Speed Limiters market is segmented on the basis of:
Types
Adjustable Speed Limiter, Intelligent Speed Limiter
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
Passenger Cars, Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs)
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:
- Continental
- Vodafone Automotive
- Autokontrol
- AVS LTD
- Highway Digital
- SABO Electronic Technology
- Autograde International
- IMPCO Technologies
- Pricol Ltd
Highlights of The Speed Limiters 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:
- Adjustable Speed Limiter
- Intelligent Speed Limiter
- By Application:
- Passenger Cars
- Light Commercial Vehicles (LCVs)
- Heavy Commercial Vehicles (HCVs)
- 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 Speed Limiters 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
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?
Speed limiters are devices that are installed on a vehicle to restrict the speed of the vehicle. Speed limiters can be mechanical or electronic, and they can be either automatic or manual.
Some of the major players in the speed limiters market are Continental, Vodafone Automotive, Autokontrol, AVS LTD, Highway Digital, SABO Electronic Technology, Autograde International, IMPCO Technologies, Pricol Ltd.
The speed limiters market is expected to register a CAGR of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Speed Limiters Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Speed Limiters Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Speed Limiters Market - Supply Chain
4.5. Global Speed Limiters Market Forecast
4.5.1. Speed Limiters Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Speed Limiters Market Size (000 Units) and Y-o-Y Growth
4.5.3. Speed Limiters Market Absolute $ Opportunity
5. Global Speed Limiters Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Speed Limiters Market Size and Volume Forecast by Type
5.3.1. Adjustable Speed Limiter
5.3.2. Intelligent Speed Limiter
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Speed Limiters Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Speed Limiters Market Size and Volume Forecast by Application
6.3.1. Passenger Cars
6.3.2. Light Commercial Vehicles (LCVs)
6.3.3. Heavy Commercial Vehicles (HCVs)
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Speed Limiters Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Speed Limiters Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Speed Limiters Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Speed Limiters Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Speed Limiters Demand Share Forecast, 2019-2026
9. North America Speed Limiters Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Speed Limiters Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Speed Limiters Market Size and Volume Forecast by Application
9.4.1. Passenger Cars
9.4.2. Light Commercial Vehicles (LCVs)
9.4.3. Heavy Commercial Vehicles (HCVs)
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Speed Limiters Market Size and Volume Forecast by Type
9.7.1. Adjustable Speed Limiter
9.7.2. Intelligent Speed Limiter
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Speed Limiters Demand Share Forecast, 2019-2026
10. Latin America Speed Limiters Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Speed Limiters Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Speed Limiters Market Size and Volume Forecast by Application
10.4.1. Passenger Cars
10.4.2. Light Commercial Vehicles (LCVs)
10.4.3. Heavy Commercial Vehicles (HCVs)
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Speed Limiters Market Size and Volume Forecast by Type
10.7.1. Adjustable Speed Limiter
10.7.2. Intelligent Speed Limiter
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Speed Limiters Demand Share Forecast, 2019-2026
11. Europe Speed Limiters Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Speed Limiters Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Speed Limiters Market Size and Volume Forecast by Application
11.4.1. Passenger Cars
11.4.2. Light Commercial Vehicles (LCVs)
11.4.3. Heavy Commercial Vehicles (HCVs)
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Speed Limiters Market Size and Volume Forecast by Type
11.7.1. Adjustable Speed Limiter
11.7.2. Intelligent Speed Limiter
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Speed Limiters Demand Share, 2019-2026
12. Asia Pacific Speed Limiters Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Speed Limiters Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Speed Limiters Market Size and Volume Forecast by Application
12.4.1. Passenger Cars
12.4.2. Light Commercial Vehicles (LCVs)
12.4.3. Heavy Commercial Vehicles (HCVs)
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Speed Limiters Market Size and Volume Forecast by Type
12.7.1. Adjustable Speed Limiter
12.7.2. Intelligent Speed Limiter
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Speed Limiters Demand Share, 2019-2026
13. Middle East & Africa Speed Limiters Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Speed Limiters Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Speed Limiters Market Size and Volume Forecast by Application
13.4.1. Passenger Cars
13.4.2. Light Commercial Vehicles (LCVs)
13.4.3. Heavy Commercial Vehicles (HCVs)
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Speed Limiters Market Size and Volume Forecast by Type
13.7.1. Adjustable Speed Limiter
13.7.2. Intelligent Speed Limiter
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Speed Limiters Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Speed Limiters Market: Market Share Analysis
14.2. Speed Limiters Distributors and Customers
14.3. Speed Limiters Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Continental
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Vodafone Automotive
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Autokontrol
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. AVS LTD
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Highway Digital
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SABO Electronic Technology
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Autograde International
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. IMPCO Technologies
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Pricol Ltd
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
