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What is the Cost of Advanced Driver Assistance Software

Advanced driver assistance software has been designed specifically for safety. Its features are developed to help the driver more safely and efficiently navigate the road. This set of systems with sensors, cameras, and other technology monitors the vehicle’s surroundings and does everything possible to assist the driver.

Importance of Fleet Driver Monitoring System

ADAS is particularly crucial for vehicle fleets. Vehicle fleets are groups of vehicles owned or operated by an organization.

Safety

The most important feature and advantage of ADAS fleet management is the safety it offers. A fleet vehicle spends more time on roads and often, and it has a higher probability of getting involved in accidents. Hence, features such as collision avoidance and lane-keeping assist keep the drivers away from getting injured along with other vehicles on the roads.

Cost Savings

This prevents accidents, which translates into fewer repair costs and insurance. For fleets, this is an even bigger concern, as a potentially expensive repair, higher insurance premiums, as well as potentially increased lawsuits all can represent the cost of an accident.

Efficiency

ADAS will help to allow drivers to be more efficient such as smoother braking and acceleration. This can convert into better fuel economies over time, adding up to a lot of cost savings on fuel in fleets with hundreds of vehicles.

Driver Comfort

ADAS reduces stress while driving. To a fleet driver who spends long hours on the road, adaptive cruise control and parking assistance would make driving easier and more comfortable, and thus lead to greater job satisfaction as well as decreased driver fatigue.

Reputation

Organizations with fleets have a good reputation. A good history of driving records gives a good impression to the public. ADAS helps in achieving this by decreasing accident rates and showcasing a commitment to safety.

Price of Advanced Driver Assistance Software

The price for Advanced Driver Assistance Software (ADAS) can vary widely. Generally, it ranges from a few hundred to several thousand dollars per vehicle. These are the cost-determining factors of ADAS:

1. Type of Features: Basic features will only consist of a few adds on such as a lane departure warning or collision alerts. On the other hand, an advanced feature, which provides real-time autonomous driving, traffic information, or Driver Management App will certainly cost more.

2. Number of Vehicles: Discounts tend to be given for a larger fleet size. Every extra vehicle will contribute to the total cost, but it may also bring down the cost per vehicle.

3. Software Licence: Some businesses run on the basis of a one-time fee; others on a subscription basis. Generally, subscriptions are monthly or annually, depending upon your need; you can choose one.

4. Hardware Components: ADAS is mostly equipped with other hardware like cameras, sensors, and radars. Due to this, the outcome of the software can be a bit costly.

5. Integration Cost: The cost of integration to existing vehicles undoubtedly varies. As for the older vehicles, it means that there are more adjustments or updates; so the cost of integration is comparatively more expensive.

6. Customization: Customized software to meet the specified requirements of your fleet will cost a bit more.  As there is software that is developed and that specific feature based on the requirement, hence higher priced than ready-made or white label solutions.

7. Support and Maintenance: If the software includes after-support once the software goes live such as updates and maintenance services. In other words, services like support, upgradation, and regular maintenance add to the cost. Regular maintenance ensures that the system works right and is updated with new technologies.

8. Provider Reputation and Quality: High-quality and reputable providers usually charge more. While it’s tempting to save money, investing in a reliable system can reduce long-term costs and risks.

9 Regulatory Compliance: Ensuring the system complies with local regulations might add to the cost. Some regions have specific rules about ADAS features and their implementation.

10. Insurance Discounts: Some insurance companies charge less to insure vehicles that are equipped with ADAS. That way, some of the spending is recovered.

Why is Advanced Driver Assistance Software Necessary?

This ADAS integration can be used by a logistics company to track the safety performance of each driver, analyze driving patterns, and develop training courses in an effort to improve standard safety performances.

The integration of supporting ADAS features reduces the stress and fatigue drivers experience, which leads to good job performance and satisfaction. It not only provides protection of the drivers and the vehicles but also brings more efficiency as well as reliability in fleet activities.

Before You Go!

In a fleet, the cost of ADAS varies according to features, the number of vehicles, the type of software, the level of customization, and much more.

Evaluate the options concerning the total cost of ownership of the software, including maintenance and potential savings on insurance. Proper planning and proper choice of the right system can enhance safety and efficiency; hence, it will provide long-term benefits to your fleet.

TrackoBit helps fleet managers to further understand  what they need and make the proper selection of a system that balances function with cost-effectiveness

Moreover, TrackoBit’s ADAS systems are designed to enhance the safety of a vehicle as well as assist a driver. So, contact us today!