Research Vehicle Speed Monitoring System Market | Page 4

Vehicle Speed Monitoring System Market
 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. It.
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 Global Vehicle Speed Monitoring System Market Segmentation
 The global Vehicle Speed Monitoring System market is segmented on the basis of type of technology
such as microwave RADAR-based systems, laser-based systems, ultrasonic-based systems, camera–
based monitoring system, intrusive sensors & road tubes, radio frequency identification transponders
and satellite-based road traffic monitoring, Anisotropic magneto-resistive magnetic sensors and
others.
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