The automotive industry is a hotbed of innovation, with over 1.2 million patents filed and granted in the last three years alone. GlobalData’s Technology Foresights has identified 290+ innovation areas that will shape the future of the industry, including acoustic vehicle signalling devices, autonomous parking, brake pedal sensors, vehicle head up displays, smart light dimmers, automatic actuated vehicle doors, road slope estimation, V2V distance monitoring, and speed governors. Speed governors is a key innovation area in the Internet of Things (IoT) and is used to limit the top speed of a vehicle.
