Report overview
Human errors mainly causes most of the accidents and the main cause behind these accidents are vehicle over speeding, distraction while driving, driving after consuming alcohol tailgating, non-adherence to traffic signals, poor lane discipline, etc. However, in most of the countries excessive vehicle speed or speeding on the road has been the major factor for road accidents leading to deadly injuries or even death and its implied costs to the society. For example, close to half of deadly collisions are caused by too much or inappropriate speed in Ireland. The vehicle speed monitoring system is one of the important concerns in order to maintain a safe road. Vehicle speed monitoring system generally follows a framework which includes ? detecting vehicle on the road, measuring vehicle speed, checking speed with the speed limit, sending speed data to a central server wirelessly, generating a speed report and sending report to the speed offender. The significance of global Vehicle Speed Monitoring System is that it decreases the risk of accidents and also aids in the prevention of vehicle thefts. Vehicle speed monitoring system helps to find the speed indication of the vehicle in more or less accurate manner and is also easy to implement.
This report aims to provide a comprehensive presentation of the global market for Vehicle Speed Monitoring System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Vehicle Speed Monitoring System. This report contains market size and forecasts of Vehicle Speed Monitoring System in global, including the following market information:
Global Vehicle Speed Monitoring System Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Vehicle Speed Monitoring System market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Radar-Based Systems Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Vehicle Speed Monitoring System include Pricol limited, Datazone Systems LLC, Fleetmatics Development Limited, Truvelo Manufacturers, Traffic Technology Ltd, MOTO Safety, AIRCO Auto Instruments, Technopurple and SMG Security Systems Inc, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Vehicle Speed Monitoring System companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Vehicle Speed Monitoring System Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Vehicle Speed Monitoring System Market Segment Percentages, by Type, 2022 (%)
Radar-Based Systems
Laser-Based Systems
Ultrasonic-Based Systems
Camera-Based Monitoring System
Global Vehicle Speed Monitoring System Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Vehicle Speed Monitoring System Market Segment Percentages, by Application, 2022 (%)
Fleet Monitoring
Vehicle Scheduling
Route Monitoring
Driver Monitoring & Accident Analysis
Global Vehicle Speed Monitoring System Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Vehicle Speed Monitoring System Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Vehicle Speed Monitoring System revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Vehicle Speed Monitoring System revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Pricol limited
Datazone Systems LLC
Fleetmatics Development Limited
Truvelo Manufacturers
Traffic Technology Ltd
MOTO Safety
AIRCO Auto Instruments
Technopurple
SMG Security Systems Inc
Ideal Solutions Company
Outline of Major Chapters:
Chapter 1: Introduces the definition of Vehicle Speed Monitoring System, market overview.
Chapter 2: Global Vehicle Speed Monitoring System market size in revenue.
Chapter 3: Detailed analysis of Vehicle Speed Monitoring System company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Vehicle Speed Monitoring System in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
