British-based Hawk-Eye has been awarded the contract to provide the system.
Hawk-Eye uses seven cameras per goal to detect the ball and claims its system is "millimetre accurate, ensuring no broadcast replays could disprove the decision".
British-based firm Hawk-Eye have been chosen as the provider of goal-line technology for the Premier League.
This video is produced by Hawkeye to show how the technology will work using a number of cameras placed around the ground.
It is similar to the systems used in tennis and cricket, and was ratified at meeting of the 20 top-flight clubs in London on Thursday.
The Football Association will install a system at Wembley Stadium in time for August's Community Shield.
Top-flight clubs voted to adopt the system during a meeting of the 20 Premier League chairmen on Thursday.
Hawk-Eye is known for providing tennis and cricket with ball-tracking technology. Its football system notifies the referee if the ball has crossed the goal line via a vibration and optical signal sent to the officials' watches within one second.
Inventor Paul Hawkins said: "It will not slow the game down - it is not going to become like rugby.
"In under a second we will provide the information to the watch, then afterwards we will show a TV replay that will definitively prove what we showed the referee was correct.
"Football's a great game. It does not need enhancements to add to the drama. Our technology is there to ensure decisions are correct."
England manager Roy Hodgson welcomed the Premier League's move, saying it would prevent "gross injustices" affecting results.
"It is something that people in football have wanted for a long time. There's been a big debate, and for a while it was pushed back but now everyone's on the same page and we've introduced it," said Hodgson.
"At least it will stop some of those gross injustices that we have seen in recent years where goals have obviously been scored and not allowed."
Once work is under way, installation of the system for the 17 Premier League clubs who avoid relegation and the three teams promoted from the Football League is expected to take up to six weeks to complete.
Richard Scudamore , chief executive of the Premier League, added: "When these incidents come along, they are so controversial, so seismic, that it is all about getting it right.
"If there is some technology available to help the officials get it right then it is right we should be doing it."
From BBC Sport
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