A car DVR (Digital Video Recorder) is a device that records video and audio while driving. It is also known as a dashcam. Car DVRs are designed to capture footage of accidents, incidents, or scenic drives, which can be used as evidence in insurance claims or legal cases. The car DVR market has been growing rapidly in recent years, driven by factors such as increasing concerns about road safety, rising incidents of car theft, and the need for evidence in case of accidents. The global car DVR market size was valued at USD 1.2 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 10.5% from 2021 to 2028.
The market is segmented by product type, technology, resolution, application, and region. The product type segment includes single channel and dual channel car DVRs. The technology segment includes basic, advanced, and smart car DVRs. The resolution segment includes standard definition, high definition, and ultra-high definition car DVRs. The application segment includes commercial and personal vehicles. North America is currently the largest market for car DVRs, followed by Europe and Asia-Pacific. The growth in the North American market is driven by factors such as the increasing adoption of advanced technology and the need for evidence in case of accidents. The Asia-Pacific market is expected to grow at the highest CAGR during the forecast period, driven by factors such as the growing number of cars on the road, rising incidents of car theft, and increasing concerns about road safety.
Key players in the car DVR market include Garmin Ltd., LG Electronics Inc., Panasonic Corporation, Pittasoft Co., Ltd. (BlackVue), and Koninklijke Philips N.V. Other notable players in the market include HP Development Company, L.P., Cobra Electronics Corporation, Fine Digital Inc., and Falcon Zero LLC.
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Key findings of the Car DVR market study:
- The report provides a present market outlook on Car DVR. Additionally, the Car DVR market share is anticipated to grow with a CAGR of 5.2% in the forecast period.
- Regional breakdown of the Car DVR market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Car DVR vendors in detail.
- Region-wise and country-wise fragmentation of the Car DVR market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Car DVR market.
- Car DVR price, market share, and Trends forecast for assessment period 2022-2032
Key Segments Covered in the Car DVR Industry Survey
- By Product Type
- Single Channel Car DVR
- Dual Channel Car DVR
- By Price Range
- Low-Priced Car DVR
- Mid-Priced Car DVR
- High-Priced Car DVR
- By Sales Channel
- Car DVR Sales via OEMs
- Car DVR Sales via Aftermarket
The Car DVR industry is dominated by some prominent players including
- Amcrest Technologies
- Cobra Electronics Corporation
- Honeywell International Inc.
- Vicor Corporation
- iTronics Group Ltd.
- WatchGuard Video
- Pittasoft Co. Ltd.
- PAPAGO Inc.
- FINEDIGITAL Inc.
The competition in the sector is driven by key parameters such as product price, targeted customer base, and strategic marketing. Major players in the market focused on the Car DVR market innovation by investing more in research and development. Furthermore, the industry players are focusing on the extensive usage of online distribution channels for enhanced cost-effectiveness. The sustainability in the supply chain is a decisive factor for Car DVR brands leading to an impact on the margin profits of firms.
Report Benefits & Key Questions Answered
- Car DVR Company & brand share analysis: Company and brand share analysis on Car DVR reveals how much market share is captured by Tier 1, Tier 2, and Tier 3 players
- Car DVR Historical volume analysis: The industry analysis provides data & insights on historical volume sales of Car DVR
- Car DVR Category & segment level analysis: Fact.MR’s Car DVR sales outlook offers category and segment level analysis on lucrative and nascent product types. Market players can use this information to identify sales potential and set sales targets at local, country, and regional level.
- Car DVR Consumption by demographics: The market intelligence study provides consumption by demographics analysis so market players can design their product and marketing strategies on the basis of high-value consumers
- Post COVID consumer spending on Car DVR: The report includes post COVID consumer spending analysis. This information will help business leads understand the shifts in purchasing power and behavior
- Manufacturing trend analysis: Vital information on how market players are aligning their manufacturing strategies with respect to evolving consumer sentiments