Global Vehicle Speed Monitoring System Market Growth (Status and Outlook) 2019-2024

20off

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.

According to this study, over the next five years the Vehicle Speed Monitoring System market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global revenue market share of key companies in Vehicle Speed Monitoring System business, shared in Chapter 3.

This report presents a comprehensive overview, market shares and growth opportunities of Vehicle Speed Monitoring System market by product type, application, key companies and key regions.

This study considers the Vehicle Speed Monitoring System value generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Radar-Based Systems
Laser-Based Systems
Camera-Based Monitoring System
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Fleet Monitoring
Vehicle Scheduling
Route Monitoring
Driver Monitoring & Accident Analysis

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
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

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Vehicle Speed Monitoring System market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Vehicle Speed Monitoring System market by identifying its various subsegments.
Focuses on the key global Vehicle Speed Monitoring System players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Vehicle Speed Monitoring System with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Vehicle Speed Monitoring System submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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Table of Contents

2019-2024 Global Vehicle Speed Monitoring System Market Report (Status and Outlook)

1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered

2 Executive Summary
2.1 World Market Overview
2.1.1 Global Vehicle Speed Monitoring System Market Size 2014-2024
2.1.2 Vehicle Speed Monitoring System Market Size CAGR by Region
2.2 Vehicle Speed Monitoring System Segment by Type
2.2.1 Radar-Based Systems
2.2.2 Laser-Based Systems
2.2.3 Ultrasonic-Based Systems
2.2.4 Camera-Based Monitoring System
2.3 Vehicle Speed Monitoring System Market Size by Type
2.3.1 Global Vehicle Speed Monitoring System Market Size Market Share by Type (2014-2019)
2.3.2 Global Vehicle Speed Monitoring System Market Size Growth Rate by Type (2014-2019)
2.4 Vehicle Speed Monitoring System Segment by Application
2.4.1 Fleet Monitoring
2.4.2 Vehicle Scheduling
2.4.3 Route Monitoring
2.4.4 Driver Monitoring & Accident Analysis
2.5 Vehicle Speed Monitoring System Market Size by Application
2.5.1 Global Vehicle Speed Monitoring System Market Size Market Share by Application (2014-2019)
2.5.2 Global Vehicle Speed Monitoring System Market Size Growth Rate by Application (2014-2019)

3 Global Vehicle Speed Monitoring System by Players
3.1 Global Vehicle Speed Monitoring System Market Size Market Share by Players
3.1.1 Global Vehicle Speed Monitoring System Market Size by Players (2017-2019)
3.1.2 Global Vehicle Speed Monitoring System Market Size Market Share by Players (2017-2019)
3.2 Global Vehicle Speed Monitoring System Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) (2017-2019)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion

4 Vehicle Speed Monitoring System by Regions
4.1 Vehicle Speed Monitoring System Market Size by Regions
4.2 Americas Vehicle Speed Monitoring System Market Size Growth
4.3 APAC Vehicle Speed Monitoring System Market Size Growth
4.4 Europe Vehicle Speed Monitoring System Market Size Growth
4.5 Middle East & Africa Vehicle Speed Monitoring System Market Size Growth

5 Americas
5.1 Americas Vehicle Speed Monitoring System Market Size by Countries
5.2 Americas Vehicle Speed Monitoring System Market Size by Type
5.3 Americas Vehicle Speed Monitoring System Market Size by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Key Economic Indicators of Few Americas Countries

6 APAC
6.1 APAC Vehicle Speed Monitoring System Market Size by Countries
6.2 APAC Vehicle Speed Monitoring System Market Size by Type
6.3 APAC Vehicle Speed Monitoring System Market Size by Application
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 Key Economic Indicators of Few APAC Countries

7 Europe
7.1 Europe Vehicle Speed Monitoring System by Countries
7.2 Europe Vehicle Speed Monitoring System Market Size by Type
7.3 Europe Vehicle Speed Monitoring System Market Size by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
7.9 Spain
7.10 Key Economic Indicators of Few Europe Countries

8 Middle East & Africa
8.1 Middle East & Africa Vehicle Speed Monitoring System by Countries
8.2 Middle East & Africa Vehicle Speed Monitoring System Market Size by Type
8.3 Middle East & Africa Vehicle Speed Monitoring System Market Size by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries

9 Market Drivers, Challenges and Trends
9.1 Market Drivers and Impact
9.1.1 Growing Demand from Key Regions
9.1.2 Growing Demand from Key Applications and Potential Industries
9.2 Market Challenges and Impact
9.3 Market Trends

10 Global Vehicle Speed Monitoring System Market Forecast
10.1 Global Vehicle Speed Monitoring System Market Size Forecast (2019-2024)
10.2 Global Vehicle Speed Monitoring System Forecast by Regions
10.2.1 Global Vehicle Speed Monitoring System Forecast by Regions (2019-2024)
10.2.2 Americas Market Forecast
10.2.3 APAC Market Forecast
10.2.4 Europe Market Forecast
10.2.5 Middle East & Africa Market Forecast
10.3 Americas Forecast by Countries
10.3.1 United States Market Forecast
10.3.2 Canada Market Forecast
10.3.3 Mexico Market Forecast
10.3.4 Brazil Market Forecast
10.4 APAC Forecast by Countries
10.4.1 China Market Forecast
10.4.2 Japan Market Forecast
10.4.3 Korea Market Forecast
10.4.4 Southeast Asia Market Forecast
10.4.5 India Market Forecast
10.4.6 Australia Market Forecast
10.5 Europe Forecast by Countries
10.5.1 Germany Market Forecast
10.5.2 France Market Forecast
10.5.3 UK Market Forecast
10.5.4 Italy Market Forecast
10.5.5 Russia Market Forecast
10.5.6 Spain Market Forecast
10.6 Middle East & Africa Forecast by Countries
10.6.1 Egypt Market Forecast
10.6.2 South Africa Market Forecast
10.6.3 Israel Market Forecast
10.6.4 Turkey Market Forecast
10.6.5 GCC Countries Market Forecast
10.7 Global Vehicle Speed Monitoring System Forecast by Type
10.8 Global Vehicle Speed Monitoring System Forecast by Application

11 Key Players Analysis
11.1 Pricol limited
11.1.1 Company Details
11.1.2 Vehicle Speed Monitoring System Product Offered
11.1.3 Pricol limited Vehicle Speed Monitoring System Revenue, Gross Margin and Market Share (2017-2019)
11.1.4 Main Business Overview
11.1.5 Pricol limited News
11.2 Datazone Systems LLC
11.2.1 Company Details
11.2.2 Vehicle Speed Monitoring System Product Offered
11.2.3 Datazone Systems LLC Vehicle Speed Monitoring System Revenue, Gross Margin and Market Share (2017-2019)
11.2.4 Main Business Overview
11.2.5 Datazone Systems LLC News
11.3 Fleetmatics Development Limited
11.3.1 Company Details
11.3.2 Vehicle Speed Monitoring System Product Offered
11.3.3 Fleetmatics Development Limited Vehicle Speed Monitoring System Revenue, Gross Margin and Market Share (2017-2019)
11.3.4 Main Business Overview
11.3.5 Fleetmatics Development Limited News
11.4 Truvelo Manufacturers
11.4.1 Company Details
11.4.2 Vehicle Speed Monitoring System Product Offered
11.4.3 Truvelo Manufacturers Vehicle Speed Monitoring System Revenue, Gross Margin and Market Share (2017-2019)
11.4.4 Main Business Overview
11.4.5 Truvelo Manufacturers News
11.5 Traffic Technology Ltd
11.5.1 Company Details
11.5.2 Vehicle Speed Monitoring System Product Offered
11.5.3 Traffic Technology Ltd Vehicle Speed Monitoring System Revenue, Gross Margin and Market Share (2017-2019)
11.5.4 Main Business Overview
11.5.5 Traffic Technology Ltd News
11.6 MOTO Safety
11.6.1 Company Details
11.6.2 Vehicle Speed Monitoring System Product Offered
11.6.3 MOTO Safety Vehicle Speed Monitoring System Revenue, Gross Margin and Market Share (2017-2019)
11.6.4 Main Business Overview
11.6.5 MOTO Safety News
11.7 AIRCO Auto Instruments
11.7.1 Company Details
11.7.2 Vehicle Speed Monitoring System Product Offered
11.7.3 AIRCO Auto Instruments Vehicle Speed Monitoring System Revenue, Gross Margin and Market Share (2017-2019)
11.7.4 Main Business Overview
11.7.5 AIRCO Auto Instruments News
11.8 Technopurple
11.8.1 Company Details
11.8.2 Vehicle Speed Monitoring System Product Offered
11.8.3 Technopurple Vehicle Speed Monitoring System Revenue, Gross Margin and Market Share (2017-2019)
11.8.4 Main Business Overview
11.8.5 Technopurple News
11.9 SMG Security Systems Inc
11.9.1 Company Details
11.9.2 Vehicle Speed Monitoring System Product Offered
11.9.3 SMG Security Systems Inc Vehicle Speed Monitoring System Revenue, Gross Margin and Market Share (2017-2019)
11.9.4 Main Business Overview
11.9.5 SMG Security Systems Inc News
11.10 Ideal Solutions Company
11.10.1 Company Details
11.10.2 Vehicle Speed Monitoring System Product Offered
11.10.3 Ideal Solutions Company Vehicle Speed Monitoring System Revenue, Gross Margin and Market Share (2017-2019)
11.10.4 Main Business Overview
11.10.5 Ideal Solutions Company News

12 Research Findings and Conclusion

Research Process

The research starts with the extensive procurement process of data/information and statistics from company annual reports, government websites, statistic agencies, and paid databases. This information creates a base for the study. This information also helps to define the scope and to narrow down the area for study for the market. This raw information is processed and analysed to extract crisp data points which currently affect or are likely to affect the industry over the forecast period. After analysing the information, a proprietary market estimation & forecast technique is applied, which generates the quantitative figures/sizes of the market/sub-segments in the current scenario as well as for over the forecast period. After populating the market sizes & estimates, numbers are verified with the industry participants and key opinion leaders. The wide network of industry participants performs a value addition in the research and verify the numbers & estimates of the study. In the last stage of the research process, a final report is prepared which is then published on different websites as well as distributed through various channels. Below figure contains the different stages of the whole research performed to produce the report.

After populating the market sizes & estimates, numbers are verified with the industry participants and key opinion leaders. The wide network of industry participants performs a value addition in the research and verify the numbers & estimates of the study. In the last stage of the research process, a final report is prepared which is then published on different websites as well as distributed through various channels. Below figure contains the different stages of the whole research performed to produce the report.

DATA MINING

Data mining is one of the extensive stages of our research process. It involves the procurement of market data and related information through different verified & credible sources. This step helps to obtain the raw information about the supply chain of the industry, the monetary process of different Products & End-Uses, the pool of market participants & the nature of the industry and the scope of the study. The data mining stage comprises both primary as well as secondary sources of information. Some of the key data sources are as follows:

Secondary Research In the process of secondary research, various sources are referred to identify and collect industry trends and information for the research process. We at having access to some of the most diversified and extensive paid databases which give us the most accurate data/information on markets sizes, Products and pricing.

In the primary research process for data mining, various key industry participants from both supply and demand side are interviewed to obtain both qualitative as well as quantitative information on the market. In-depth interviews with key primary respondents, including industry professionals, subject matter experts (SMEs), industry consultants, and C-level executives of major companies are conducted to obtain critical qualitative and quantitative aspects pertaining to the market, as well as to assess the prospects for market growth over the forecast period.

ANALYSIS

This step involves the analysis & mapping of all the information procured from the previous step. This step also encompasses the scrutiny of data discrepancies observed across various data sources and finalising the appropriate data for estimation and forecasting. This analysis is done by our experienced panel of industry analysts.

MARKET ESTIMATION

Understanding and penetrating the market in terms of valuation is a crucial task in the process of business research. This again becomes significantly important while investing and choosing the business opportunities. In this regard, we perform two ways market sizing approach simultaneously namely top-down and bottom-up approaches. In this step, we place different data points, numeric attributes, information, and industry trends at an appropriate space in order to deduce the estimates & forecast values over the coming years. We use different mathematical models to estimate the market sizes of different economies and segments. Each of which is further summed up to define the total market. We own a proprietary tool for market estimations which helps us to comprehend market size estimates & forecasts for different markets and industries. Below figure explains the process of market estimation using independent tool employed by our analysts to get the sizing off the market.