Road Speed Limiter Market
Road Speed Limiter Market Size, Share & Trends Analysis Report by Product Type (Adjustable, Speed Limiter and Intelligent Speed Limiter), by Application (Passenger vehicle and Commercial vehicle), and by Sales Channel (OEM and Aftermarket) Forecast Period (2024-2031)
Road speed limiter market is anticipated to grow at a considerable CAGR of 8.7% during the forecast period (2024-2031).Road speed limiter is necessary due to increase in traffic and incidents involving trauma and accidents. The application of a speed limiter guarantees the security of the car and its occupants.
Market Dynamics
Rising need for road safety
The growing emphasis on road safety is one of the main factors anticipated to propel market expansion. Governments all across the globe are working to increase road safety. One such strategy that is being widely used to lower the risk of accidents and increase road safety is the usage of speed limiters.
Governments everywhere have been enforcing strict laws to increase traffic safety in many of these nations, using road speed limiters is a legal necessity. For instance, according to EU regulations,all new heavy-duty trucks must have speed limiters installed.
Utilizing speed limiters to increase fuel efficiency and save maintenance expenses
Utilizing speed limiters on roads can increase fuel efficiency by lowering vehicle fuel usage. The introduction of road speed limiters can assist meet the growing demand for fuel-efficient automobiles as fuel prices continue to rise. The field of telematics which deals with managing and monitoring automobiles using technology is expanding quickly. Road speed limiters and telematics systems can be used to enable real-time vehicle speed monitoring, which can enhance fleet management and save maintenance expenses. So, one of the key reasons that is anticipated to drive market growth over the forecast period is the growing implementation of telematics.
Market Segmentation
Our in-depth analysis of the global road speed limiter market includes the following segments by product type, application, and sales channel:
- Based on product type, the market is sub-segmented into adjustable speed limiter and intelligent speed limiter.
- Based on application, the market is bifurcated into passenger vehicle and commercial vehicle.
- Based on sales channel, the market is augmented into OEM and aftermarket
Adjustable Speed Limiter Sub-segment to Hold a Considerable Market Share
Devices with adjustable peed limiters are responsible for their great accuracy and ability to customize speed control. Additionally, some car models include variable speed limiters integrated with front cameras to deliver more precise data while minimizing consumer fatigue. The limiters employ adjustable controllers to adjust their speed in response to input from an intelligent module system or from the driver. In addition to providing voice instructions to the driver in the event that the speed limit is exceeded and the limiter device is turned off for whatever reason, adjustable speed limiters also improve system compatibility.
Regional Outlook
The global road speed limiter market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Asia-Pacific countries to invest in automation and expansion of speed limiter
- The demand for passenger automobiles and commercial vehicles is helping in the expansion of the speed limiter market in Asia-pacific region.
- The region has advanced production infrastructure and major companies focusing on automation and mass production are factors driving market expansion.
Global Road Speed Limiter Market Growth by Region 2024-2031
North America Holds Major Market Share
The Road Speed Limiter market in North America is anticipated to have the largest share due to factors including the strict government laws regarding road safety in the region. All commercial vehicles operating in the region are required to utilize road speed limiters. For instance, in the US, new commercial vehicles must have speed limiters installed, per rules enforced by the Federal Motor Carrier Safety Administration (FMCSA). It is anticipated that these rules would accelerate the expansion of the local market.
The region's highly developed industrial sector and growing public knowledge of traffic safety regulations are factors driving market expansion. Moreover, factors anticipated to propel market expansion during the forecast period include rising disposable income of consumers in the region. Due to its 40.0% market share in the car manufacturing industry, the US is the dominant nation in the region. The supportive aspects thought to propel the market expansion include an increase in the use of electric vehicles and an increase in research & development of speed-limiting devices.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the global road speed limiter market include Continental A.G., Vodafone Automotive Spa, Autokontrol, AVS LTD. and Pinnacle Systems Ltd.,among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in February 2024, Bologna has become the first Italian city to impose the limit on most streets, for safety and livability purposes. Bologna is the land of Ferrari and Lamborghini. The new speed limit for vehicles is 30 kmph.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global road speed limiter market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Autokontrol
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Continental A.G.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Vodafone Automotive Spa
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Road Speed Limiter Market by Product Type
4.1.1. Adjustable Speed Limiter
4.1.2. Intelligent Speed Limiter
4.2. Global Road Speed Limiter Market by Application
4.2.1. Passenger vehicle
4.2.1.1. Hatchback
4.2.1.2. Sedan
4.2.1.3. SUV
4.2.2. Commercial vehicle
4.2.2.1. Light commercial vehicle
4.2.2.2. Heavy commercial vehicle
4.2.2.3. Buses & coaches
4.3. Global Road Speed Limiter Market by Sales Channel
4.3.1. OEM
4.3.2. Aftermarket
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Latin America
5.4.2. The Middle East & Africa
6. Company Profiles
6.1. Autograde Industries Pvt. Ltd.
6.2. AVS LTD.
6.3. Elson GmbH
6.4. GRL Engineers
6.5. Highway Digital
6.6. IMPCO Technologies
6.7. MicroAutotech
6.8. Pinnacle Systems Ltd.
6.9. Pricol Ltd.
6.10. Rosmerta Technologies Ltd.
6.11. SABO Electronic Technology
1. GLOBAL ROAD SPEED LIMITERMARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2023-2031 ($ MILLION)
2. GLOBAL ADJUSTABLE ROAD SPEED LIMITER MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
3. GLOBAL INTELLIGENT ROAD SPEED LIMITER MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
4. GLOBAL ROAD SPEED LIMITER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
5. GLOBAL ROAD SPEED LIMITER FOR PASSENGER VEHICLEMARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
6. GLOBAL ROAD SPEED LIMITER FOR COMMERCIAL VEHICLE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
7. GLOBAL ROAD SPEED LIMITER MARKET RESEARCH AND ANALYSIS BY SALES CHANNEL, 2023-2031 ($ MILLION)
8. GLOBAL OEM FOR ROAD SPEED LIMITER MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
9. GLOBAL AFTERMARKET FOR ROAD SPEED LIMITER MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
10. GLOBAL ROAD SPEED LIMITERMARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
11. NORTH AMERICAN ROAD SPEED LIMITERMARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
12. NORTH AMERICAN ROAD SPEED LIMITERMARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2023-2031 ($ MILLION)
13. NORTH AMERICAN ROAD SPEED LIMITERMARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
14. NORTH AMERICAN ROAD SPEED LIMITERMARKET RESEARCH AND ANALYSIS BY SALES CHANNEL,2023-2031 ($ MILLION)
15. EUROPEAN ROAD SPEED LIMITERMARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
16. EUROPEAN ROAD SPEED LIMITERMARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2023-2031 ($ MILLION)
17. EUROPEAN ROAD SPEED LIMITERMARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
18. EUROPEAN ROAD SPEED LIMITERMARKET RESEARCH AND ANALYSIS BY SALES CHANNEL, 2023-2031 ($ MILLION)
19. ASIA-PACIFIC ROAD SPEED LIMITERMARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
20. ASIA-PACIFICROAD SPEED LIMITERMARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2023-2031 ($ MILLION)
21. ASIA-PACIFICROAD SPEED LIMITERMARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
22. ASIA-PACIFICROAD SPEED LIMITERMARKET RESEARCH AND ANALYSIS BY SALES CHANNEL, 2023-2031 ($ MILLION)
23. REST OF THE WORLD ROAD SPEED LIMITERMARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
24. REST OF THE WORLD ROAD SPEED LIMITERMARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2023-2031 ($ MILLION)
25. REST OF THE WORLD ROAD SPEED LIMITERMARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
26. REST OF THE WORLD ROAD SPEED LIMITERMARKET RESEARCH AND ANALYSIS BY SALES CHANNEL, 2023-2031 ($ MILLION)
1. GLOBAL ROAD SPEED LIMITERMARKET SHARE BY PRODUCT TYPE, 2023 VS 2031 (%)
2. GLOBAL ADJUSTABLE ROAD SPEED LIMITER MARKET SHARE BY REGION, 2023 VS 2031 (%)
3. GLOBAL INTELLIGENT ROAD SPEED LIMITER MARKET SHARE BY REGION, 2023 VS 2031 (%)
4. GLOBAL ROAD SPEED LIMITER MARKET SHAREBY APPLICATION, 2023 VS 2031 (%)
5. GLOBAL ROAD SPEED LIMITER FOR PASSENGER VEHICLE MARKET SHARE BY REGION, 2023 VS 2031 (%)
6. GLOBAL ROAD SPEED LIMITER FOR COMMERCIAL VEHICLE MARKET SHARE BY REGION, 2023 VS 2031 (%)
7. GLOBAL ROAD SPEED LIMITER MARKET SHAREBY SALES CHANNEL, 2023 VS 2031 (%)
8. GLOBAL OEM FOR ROAD SPEED LIMITER MARKET SHARE BY REGION, 2023 VS 2031 (%)
9. GLOBAL AFTERMARKET FOR ROAD SPEED LIMITER MARKET SHARE BY REGION, 2023 VS 2031 (%)
10. GLOBAL ROAD SPEED LIMITER MARKET SHARE BY REGION, 2023 VS 2031 (%)
11. US ROAD SPEED LIMITER MARKET SIZE, 2023-2031 ($ MILLION)
12. CANADA ROAD SPEED LIMITERMARKET SIZE, 2023-2031 ($ MILLION)
13. UK ROAD SPEED LIMITERMARKET SIZE, 2023-2031 ($ MILLION)
14. FRANCE ROAD SPEED LIMITERMARKET SIZE, 2023-2031 ($ MILLION)
15. GERMANY ROAD SPEED LIMITERMARKET SIZE, 2023-2031 ($ MILLION)
16. ITALY ROAD SPEED LIMITERMARKET SIZE, 2023-2031 ($ MILLION)
17. SPAIN ROAD SPEED LIMITERMARKET SIZE, 2023-2031 ($ MILLION)
18. REST OF EUROPE ROAD SPEED LIMITERMARKET SIZE, 2023-2031 ($ MILLION)
19. INDIA ROAD SPEED LIMITERMARKET SIZE, 2023-2031 ($ MILLION)
20. CHINA ROAD SPEED LIMITERMARKET SIZE, 2023-2031 ($ MILLION)
21. JAPAN ROAD SPEED LIMITERMARKET SIZE, 2023-2031 ($ MILLION)
22. SOUTH KOREA ROAD SPEED LIMITERMARKET SIZE, 2023-2031 ($ MILLION)
23. REST OF ASIA-PACIFIC ROAD SPEED LIMITERMARKET SIZE, 2023-2031 ($ MILLION)
24. LATIN AMERICAROAD SPEED LIMITERMARKET SIZE, 2023-2031 ($ MILLION)
25. MIDDLE EAST AND AFRICAROAD SPEED LIMITERMARKET SIZE, 2023-2031 ($ MILLION)
