Listen audio version

In today’s life, we relate speed to the rate at which something moves. To better understand, the internet ‘speed’, vehicular ‘speed’ etc. this is the common understanding of speed and is often confused with Velocity.
Both the terms are terms related to physics. However, when we go back to the conventional definitions of speed and velocity, we find that both of them are significantly different from each other.
Speed vs Velocity
The difference between speed and velocity is that speed, in technical terms, refers to the magnitude of the change of an object’s position. In simple words, it is the rate at which something or someone moves or is able to move. Velocity, on the other hand, refers to the magnitude of change of an object’s position in a particular direction.
This means, that velocity is a broader concept which includes both the aspects, that of magnitude and direction.
Since speed considers only the magnitude, it is said to be a scalar quantity, while velocity is called a vector quantity because of the inclusion of both magnitude and direction.
Comparison Table Between Speed and Velocity (in Tabular Form)
Parameter of Comparison  Speed  Velocity 

Definition  It refers to the magnitude of the change in the position of an object.  It refers to the magnitude of the change in the position of an object, but in a specific direction. 
Category  It is a scalar quantity because it only includes magnitude.  It is a vector quantity because it includes both magnitude and direction. 
Concept  Speed is a narrower concept.  Velocity is a broader concept. 
Calculation  Speed is calculated as the difference travelled per unit of time.  Velocity is calculated as the displacement of a thing per unit of time. Displacement refers to the distance travelled in a particular direction. 
Indication  It indicated how rapid an object is moving.  It indicated how rapid an object is moving along with its position. 
Value  Speed cannot be negative.  Velocity can be negative or zero. 
What is Speed?
Speed refers to the distance covered by a body in unit time. In other words, it portrays the relationship between distance traveled and the time take to travel that distance. It can be measured in several units such as kilometers or meters with respect to the distance and per second or per hour with respect to time.
Speed is a scalar quantity since it includes only magnitude and thus it is only represented in numerical terms. And since it is a scalar quantity, speed can never be negative.
The SI Unite of speed is meter/second. However, we commonly use the unit kilometer/hour to calculate the speed of a body.
A subcomponent of speed can be the average speed. Average speed is basically the distance traveled by a body divided by the time taken to cover that distance.
The formula for calculating speed is the distance traveled divided by the time taken to cover the distance. Speed is directly proportional to distance and inversely proportional to the time period. In other words, speed increases when the distance increases and the time period remains the same.
And if the time period increases while the distance remains constant, it means that the speed has fallen down.
What is Velocity?
Velocity refers to the rate of change of the position of a body with respect to the magnitude as well as the direction. To extend, unlike speed, velocity also considers direction along with magnitude. This is why it is a vector quantity.
The SI Base Unit of velocity is meter/second. In order for it to be a vector, a direction also needs to be specified. For instance, if it is said ‘10 m/s’, it will refer to speed whereas ’10 m/s north’ will signify a vector.
Velocity ideally has two subcomponents, average velocity and relationship with acceleration. The normal velocity is also called instantaneous velocity to distinguish it from average velocity.
Average velocity, however, refers to the constant velocity which, when found out, would provide the same resulting displacement and time period, in the same direction.
When there is no change in the magnitude or direction of a vector, it is called a constant vector. However, when the magnitude or direction or both of them undergo a change, they are said to be undergoing acceleration. Velocity can be calculated as displacement divided by the time period.
Displacement is a term that is inclusive of both magnitude and direction. Therefore, velocity is directly proportional to the displacement and inversely proportional to the time period, so to say.
Main Differences Between Speed and Velocity
Even though speed and velocity are closely related and quite synonymous, there exist certain clear distinctions between them.
 The most significant distinction is that speed is a resultant of only distance and time, which includes only magnitude whereas velocity is a resultant of displacement and time, which includes both magnitude and direction.
 Due to this major difference, another significant difference arises, which says that due to the inclusion of only magnitude in speed, it is a scalar quantity and since velocity includes both speed and direction, it is said to be a vector quantity.
 Moreover, due to these very reasons, we can confidently say that speed can never be negative whereas velocity can be negative.
 Furthermore, these differences also portray that speed indicates only the rapidness of an object. On the contrary, velocity indicates the rapidness along with its position or direction.
 As previously mentioned, speed is calculated as distance divided by the time period and velocity is calculated as displacement divided by the time period. The term distance only indicates magnitude whereas displacement indicates both magnitude and direction.
Conclusion
To say that speed and velocity are two sides of a coin would not be exactly wrong. To summarize, speed is a resultant of distance covered, i.e., magnitude and the time taken to cover that distance.
On the opposite hand, velocity is a result of displacement, i.e., a combination of magnitude and direction and the time taken for that displacement to occur.
The clearest and the most evident difference is the one previously mentioned which further categorizes them into scalar and vector quantities.
Table of Contents
I was looking for physicsrelated information (speed and velocity) and just found that here we have differences related to the English language also.
right, apart from English, we also have categoriess for Business, Finance, Banking, General, Science, Law and IT.