Market Overview:
The global car speed monitoring system market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for fleet management and safety solutions across the globe. Additionally, the increasing adoption of advanced technologies, such as radar-based systems, laser-based systems, ultrasonic-based systems and camera-based monitoring system is also contributing to the growth of this market. Based on type, radar-based systems are expected to hold a major share of the global car speed monitoring system market during the forecast period. This can be attributed to their ability detect objects at long distances with high accuracy and reliability.
Product Definition:
A car speed monitoring system is a device or set of devices used to monitor the speed of a vehicle. Car speed monitoring systems are important for safety reasons, as they can help to prevent accidents by warning drivers when they are driving too quickly.
Radar-Based Systems:
Radar-based systems are the most accurate and reliable system as compared to other car speed monitoring systems. It uses radar reflectors mounted on the vehicle which helps in providing real-time information regarding the distance between vehicles. The radar beam is transmitted from one of the vehicles, it reflects off another vehicle and returns with an echo which gives precise information about how far away that other vehicle is.
Laser-Based Systems:
Laser-based systems are used in car speed monitoring system to calculate the speed of the vehicle. These systems use a laser beam for accurate measurement of the velocity and also help to identify speeding cars. The basic working principle is based on time of flight, which involves sending out a short pulse of laser light from the sensor and measuring its duration until it returns; this gives an accurate reading as long as there are no obstructions that could cause reflection.
Application Insights:
Based on application, the global market has been segmented into fleet monitoring, vehicle scheduling, route monitoring and others. The fleet monitoring segment dominated the overall market in terms of revenue share in 2017. This is attributed to an increase in number of vehicles on roads and a growing concern towards driver behavior among various organizations. Moreover, governments across the world are taking initiatives to improve road safety by changing driver behavior through awareness programs and car speed monitors are considered as an effective tool for this purpose.
The vehicle scheduling segment is expected to exhibit significant growth over the forecast period owing to increasing demand from transportation companies for flexible solutions that help them manage their operations more efficiently while reducing operating costs at the same time improving customer experience with improved reliability and quality of service (RQoS).
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to stringent regulations by the National Highway Traffic Safety Administration (NHTSA), Department of Transportation (DOT) and Federal Motor Carrier Safety Administration (FMCSA). The U.S., Canada, and Mexico are among the top five auto-producing countries globally. North America is also home to several leading automotive OEMs such as General Motors, Ford, Fiat Chrysler Automobiles N.V., Tesla Inc., and BMW Group. These companies are actively involved in fleet safety initiatives through various programs such as VEVRAAmazingly Smart Fleet™ program by GM; Maserati Owner’s Association for Road Safety; Mercedes-Benz Owners' Association International; Volkswagen Jetta Driver's Club Germany; Canadian Carling Family Health Shield Program etc.
Growth Factors:
- Increasing demand for safety and security features in vehicles
- Government regulations for vehicle safety
- Rising disposable income of consumers
- Technological advancements in car speed monitoring systems
- Growing awareness about the benefits of car speed monitoring systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Car Speed Monitoring System Market Research Report
By Type
Radar-Based Systems, Laser-Based Systems, Ultrasonic-Based Systems, Camera-Based Monitoring System
By Application
Fleet Monitoring, Vehicle Scheduling, Route Monitoring
By Companies
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
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
144
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Car Speed Monitoring System Market Report Segments:
The global Car Speed Monitoring System market is segmented on the basis of:
Types
Radar-Based Systems, Laser-Based Systems, Ultrasonic-Based Systems, Camera-Based Monitoring System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Fleet Monitoring, Vehicle Scheduling, Route Monitoring
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 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
Highlights of The Car Speed Monitoring System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Radar-Based Systems
- Laser-Based Systems
- Ultrasonic-Based Systems
- Camera-Based Monitoring System
- By Application:
- Fleet Monitoring
- Vehicle Scheduling
- Route Monitoring
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Car Speed Monitoring System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A car speed monitoring system is a device that uses radar or laser to measure the speed of cars on a highway. The system sends this information to a computer, which then displays it on a screen for the driver.
Some of the major companies in the car speed monitoring system market are 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.
The car speed monitoring system market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Car Speed Monitoring System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Car Speed Monitoring System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Car Speed Monitoring System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Car Speed Monitoring System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Car Speed Monitoring System Market Size & Forecast, 2018-2028
4.5.1 Car Speed Monitoring System Market Size and Y-o-Y Growth
4.5.2 Car Speed Monitoring System Market Absolute $ Opportunity
Chapter 5 Global Car Speed Monitoring System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Car Speed Monitoring System Market Size Forecast by Type
5.2.1 Radar-Based Systems
5.2.2 Laser-Based Systems
5.2.3 Ultrasonic-Based Systems
5.2.4 Camera-Based Monitoring System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Car Speed Monitoring System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Car Speed Monitoring System Market Size Forecast by Applications
6.2.1 Fleet Monitoring
6.2.2 Vehicle Scheduling
6.2.3 Route Monitoring
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Car Speed Monitoring System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Car Speed Monitoring System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Car Speed Monitoring System Analysis and Forecast
9.1 Introduction
9.2 North America Car Speed Monitoring System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Car Speed Monitoring System Market Size Forecast by Type
9.6.1 Radar-Based Systems
9.6.2 Laser-Based Systems
9.6.3 Ultrasonic-Based Systems
9.6.4 Camera-Based Monitoring System
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Car Speed Monitoring System Market Size Forecast by Applications
9.10.1 Fleet Monitoring
9.10.2 Vehicle Scheduling
9.10.3 Route Monitoring
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Car Speed Monitoring System Analysis and Forecast
10.1 Introduction
10.2 Europe Car Speed Monitoring System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Car Speed Monitoring System Market Size Forecast by Type
10.6.1 Radar-Based Systems
10.6.2 Laser-Based Systems
10.6.3 Ultrasonic-Based Systems
10.6.4 Camera-Based Monitoring System
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Car Speed Monitoring System Market Size Forecast by Applications
10.10.1 Fleet Monitoring
10.10.2 Vehicle Scheduling
10.10.3 Route Monitoring
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Car Speed Monitoring System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Car Speed Monitoring System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Car Speed Monitoring System Market Size Forecast by Type
11.6.1 Radar-Based Systems
11.6.2 Laser-Based Systems
11.6.3 Ultrasonic-Based Systems
11.6.4 Camera-Based Monitoring System
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Car Speed Monitoring System Market Size Forecast by Applications
11.10.1 Fleet Monitoring
11.10.2 Vehicle Scheduling
11.10.3 Route Monitoring
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Car Speed Monitoring System Analysis and Forecast
12.1 Introduction
12.2 Latin America Car Speed Monitoring System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Car Speed Monitoring System Market Size Forecast by Type
12.6.1 Radar-Based Systems
12.6.2 Laser-Based Systems
12.6.3 Ultrasonic-Based Systems
12.6.4 Camera-Based Monitoring System
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Car Speed Monitoring System Market Size Forecast by Applications
12.10.1 Fleet Monitoring
12.10.2 Vehicle Scheduling
12.10.3 Route Monitoring
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Car Speed Monitoring System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Car Speed Monitoring System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Car Speed Monitoring System Market Size Forecast by Type
13.6.1 Radar-Based Systems
13.6.2 Laser-Based Systems
13.6.3 Ultrasonic-Based Systems
13.6.4 Camera-Based Monitoring System
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Car Speed Monitoring System Market Size Forecast by Applications
13.10.1 Fleet Monitoring
13.10.2 Vehicle Scheduling
13.10.3 Route Monitoring
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Car Speed Monitoring System Market: Competitive Dashboard
14.2 Global Car Speed Monitoring System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Pricol limited
14.3.2 Datazone Systems LLC
14.3.3 Fleetmatics Development Limited
14.3.4 Truvelo Manufacturers
14.3.5 Traffic Technology Ltd
14.3.6 MOTO Safety
14.3.7 AIRCO Auto Instruments
14.3.8 Technopurple
14.3.9 SMG Security Systems Inc
14.3.10 Ideal Solutions Company
