Car Digital Video Recorder Dvr
Car Digital Video Recorder (DVR) Market Forecasts to 2030 - Global Analysis By Type (Single Channel, Dual Channel, Triple Channel and Quad Channel), Vehicle Type, Component, Resolution, Connectivity, Application, End User and By Geography
According to Stratistics MRC, the Global Car Digital Video Recorder (DVR) Market is accounted for $367.95 million in 2024 and is expected to reach $751.18 million by 2030 growing at a CAGR of 14.7% during the forecast period. A Car Digital Video Recorder (DVR) is a compact electronic device designed to record video footage inside and outside of a vehicle. Typically mounted on the dashboard or windshield, it continuously captures footage while the vehicle is in motion. DVRs are equipped with wide-angle lenses and high-definition cameras to provide clear recordings. Some advanced DVRs feature additional functionalities like GPS tracking, Wi-Fi connectivity, and motion sensors for enhanced security and convenience.
According to International Organization of Motor Vehicle Manufacturers (OICA), in 2022, the ASEAN countries recorded passenger car sales of around 2.2 million units, witnessing a rise of 19% as compared to the previous year, 2021.
Market Dynamics:
Driver:
Growing awareness about road safety
Consumers are increasingly recognizing the importance of having evidence in the event of accidents or disputes on the road. The presence of DVR systems in vehicles acts as a deterrent to reckless driving behaviour and aids in post-accident analysis. Moreover, insurance companies often offer discounts for vehicles equipped with DVRs, further incentivizing their adoption. This heightened awareness contributes to the steady expansion of the Car DVR market, particularly in regions prioritizing road safety initiatives.
Restraint:
Limited legislation and standards
Limited legislation and standards in the Car DVR impedes widespread adoption by consumers and regulatory bodies, leading to fragmented market development, reduced consumer trust, and slower innovation. Without clear guidelines, manufacturers may struggle to meet expectations, resulting in varied product offerings and potentially inferior solutions, thereby stifling market expansion and inhibiting the realization of the DVR's full potential in enhancing automotive safety and security.
Opportunity:
Rising instances of vehicular theft and vandalism
DVR systems serve as a deterrent to potential thieves and vandals, as they provide continuous surveillance and evidence in the event of criminal activity. Vehicle owners increasingly prioritize security measures, leading to a higher demand for DVRs with features like motion detection and remote monitoring. The assurance of enhanced security and the potential for recovering stolen vehicles or identifying culprits contribute significantly to the growth of the car DVR market amidst escalating concerns over vehicle security.
Threat:
Installation & compatibility issues
Installation and compatibility issues in car DVR arise due to diverse vehicle models and complex electronics, leading to challenges in fitting and integrating DVRs seamlessly. This hampers market growth by increasing consumer reluctance, as they may encounter difficulties in installing and using the devices. Moreover, compatibility issues with existing vehicle systems limit market penetration and hinder widespread adoption. Such barriers impede market expansion by delaying mainstream acceptance of DVR technology in automotive applications.
Covid-19 Impact
The covid-19 pandemic significantly impacted the car digital video recorder (DVR) market. Initially, global lockdowns and economic uncertainty led to a slowdown in automotive sales, affecting DVR demand. However, as restrictions eased, there was a surge in interest due to heightened safety concerns among consumers. The pandemic accelerated the adoption of DVRs as they provide evidence in insurance claims and legal disputes, aiding in contactless resolution. Additionally, the shift towards online retail favoured the market, as consumers sought DIY installation solutions amidst social distancing measures.
The wireless segment is expected to be the largest during the forecast period
The wireless segment is estimated to have a lucrative growth. Wireless car digital video recorders (DVRs) are gaining traction due to their convenience and ease of installation. They offer seamless connectivity through Wi-Fi or cellular networks, enabling remote access to live or recorded footage via smart phones or computers. These DVRs eliminate the need for complex wiring, enhancing the aesthetics of the vehicle interior. However, concerns regarding data security and reliability of wireless connections remain, influencing consumer adoption and market growth.
The parking surveillance segment is expected to have the highest CAGR during the forecast period
The parking surveillance segment is anticipated to witness the highest CAGR growth during the forecast period, offering continuous monitoring and security for parked vehicles. Equipped with motion detection sensors, these DVRs automatically activate when detecting any movement around the vehicle. They record high-resolution video footage of potential incidents such as theft, vandalism, or collisions, providing valuable evidence for insurance claims or legal purposes. Additionally, some DVRs feature parking mode, which ensures uninterrupted surveillance even when the vehicle is turned off, enhancing overall security and peace of mind for vehicle owners.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period due to rising instances of vehicular theft, and regulatory initiatives promoting adoption. Technological advancements, particularly in camera technology and connectivity features, are further propelling market expansion. The market is further poised for continued growth, fuelled by the region's large population, rapid urbanization, and escalating demand for automotive safety solutions.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to increasing concerns over road safety and the rising adoption of advanced automotive technologies. Moreover, the growing adoption of dash cams by commercial fleets and the emergence of smart features like parking assistance further boost market growth. As a result, the North American Car DVR market is expected to witness significant development in the coming years.
Key players in the market
Some of the key players profiled in the Car Digital Video Recorder (DVR) Market include Garmin Limited, Nextbase, Pittasoft Corporation, Panasonic Corporation, Cobra Electronics Corporation, DOD Tech, CNS Link Corporation, Fine Digital, Inc., 70mai Corporation, Thinkware, ABEO Technology, Lukas, Amcrest Technologies, Iroadglobal and Uno Minda Limited.
Key Developments:
In January 2024, Uno Minda has launched a car digital video recorder (DVR) with Advanced Driver Assistance System (ADAS). This new product is a meticulously crafted device designed to enhance driver’s safety. It comes with an impressive range of technical specifications, including 720P full HD resolution that records every detail with clarity, enabling optimal surveillance.
In January 2024, Panasonic Life Solutions India launched a new digital mirrorless camera - LUMIX G9II. The LUMIX G9II is the latest addition to its flagship G Series Segment line-up for the Indian market. This camera is equipped with a new sensor, a new engine, and the first-time implementation of Phase Detection Auto Focus (PDAF) technology in the LUMIX G Series for outstanding photograph/videographic performance and high-speed response.
Types Covered:
• Single Channel
• Dual Channel
• Triple Channel
• Quad Channel
Vehicle Types Covered:
• Passenger Cars
• Commercial Vehicles
Components Covered:
• Camera
• Global Positioning System (GPS)
• Memory Card
• Other Components
Resolutions Covered:
• Standard Definition (SD)
• High Definition (HD)
• Full HD
• Ultra HD (4K)
Connectivities Covered:
• Wired
• Wireless
Applications Covered:
• Parking Surveillance
• On-road Driving Surveillance
• Incident Recording
• Other Applications
End Users Covered:
• Individual Consumers
• Fleet Management
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Car Digital Video Recorder (DVR) Market, By Type
5.1 Introduction
5.2 Single Channel
5.3 Dual Channel
5.4 Triple Channel
5.5 Quad Channel
6 Global Car Digital Video Recorder (DVR) Market, By Vehicle Type
6.1 Introduction
6.2 Passenger Cars
6.3 Commercial Vehicles
7 Global Car Digital Video Recorder (DVR) Market, By Component
7.1 Introduction
7.2 Camera
7.3 Global Positioning System (GPS)
7.4 Memory Card
7.5 Other Components
8 Global Car Digital Video Recorder (DVR) Market, By Resolution
8.1 Introduction
8.2 Standard Definition (SD)
8.3 High Definition (HD)
8.4 Full HD
8.5 Ultra HD (4K)
9 Global Car Digital Video Recorder (DVR) Market, By Connectivity
9.1 Introduction
9.2 Wired
9.3 Wireless
10 Global Car Digital Video Recorder (DVR) Market, By Application
10.1 Introduction
10.2 Parking Surveillance
10.3 On-road Driving Surveillance
10.4 Incident Recording
10.5 Other Applications
11 Global Car Digital Video Recorder (DVR) Market, By End User
11.1 Introduction
11.2 Individual Consumers
11.3 Fleet Management
12 Global Car Digital Video Recorder (DVR) Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 Garmin Limited
14.2 Nextbase
14.3 Pittasoft Corporation
14.4 Panasonic Corporation
14.5 Cobra Electronics Corporation
14.6 DOD Tech
14.7 CNS Link Corporation
14.8 Fine Digital, Inc.
14.9 70mai Corporation
14.10 Thinkware
14.11 ABEO Technology
14.12 Lukas
14.13 Amcrest Technologies
14.14 Iroadglobal
14.15 Uno Minda Limited
List of Tables
1 Global Car Digital Video Recorder (DVR) Market Outlook, By Region (2022-2030) ($MN)
2 Global Car Digital Video Recorder (DVR) Market Outlook, By Type (2022-2030) ($MN)
3 Global Car Digital Video Recorder (DVR) Market Outlook, By Single Channel (2022-2030) ($MN)
4 Global Car Digital Video Recorder (DVR) Market Outlook, By Dual Channel (2022-2030) ($MN)
5 Global Car Digital Video Recorder (DVR) Market Outlook, By Triple Channel (2022-2030) ($MN)
6 Global Car Digital Video Recorder (DVR) Market Outlook, By Quad Channel (2022-2030) ($MN)
7 Global Car Digital Video Recorder (DVR) Market Outlook, By Vehicle Type (2022-2030) ($MN)
8 Global Car Digital Video Recorder (DVR) Market Outlook, By Passenger Cars (2022-2030) ($MN)
9 Global Car Digital Video Recorder (DVR) Market Outlook, By Commercial Vehicles (2022-2030) ($MN)
10 Global Car Digital Video Recorder (DVR) Market Outlook, By Component (2022-2030) ($MN)
11 Global Car Digital Video Recorder (DVR) Market Outlook, By Camera (2022-2030) ($MN)
12 Global Car Digital Video Recorder (DVR) Market Outlook, By Global Positioning System (GPS) (2022-2030) ($MN)
13 Global Car Digital Video Recorder (DVR) Market Outlook, By Memory Card (2022-2030) ($MN)
14 Global Car Digital Video Recorder (DVR) Market Outlook, By Other Components (2022-2030) ($MN)
15 Global Car Digital Video Recorder (DVR) Market Outlook, By Resolution (2022-2030) ($MN)
16 Global Car Digital Video Recorder (DVR) Market Outlook, By Standard Definition (SD) (2022-2030) ($MN)
17 Global Car Digital Video Recorder (DVR) Market Outlook, By High Definition (HD) (2022-2030) ($MN)
18 Global Car Digital Video Recorder (DVR) Market Outlook, By Full HD (2022-2030) ($MN)
19 Global Car Digital Video Recorder (DVR) Market Outlook, By Ultra HD (4K) (2022-2030) ($MN)
20 Global Car Digital Video Recorder (DVR) Market Outlook, By Connectivity (2022-2030) ($MN)
21 Global Car Digital Video Recorder (DVR) Market Outlook, By Wired (2022-2030) ($MN)
22 Global Car Digital Video Recorder (DVR) Market Outlook, By Wireless (2022-2030) ($MN)
23 Global Car Digital Video Recorder (DVR) Market Outlook, By Application (2022-2030) ($MN)
24 Global Car Digital Video Recorder (DVR) Market Outlook, By Parking Surveillance (2022-2030) ($MN)
25 Global Car Digital Video Recorder (DVR) Market Outlook, By On-road Driving Surveillance (2022-2030) ($MN)
26 Global Car Digital Video Recorder (DVR) Market Outlook, By Incident Recording (2022-2030) ($MN)
27 Global Car Digital Video Recorder (DVR) Market Outlook, By Other Applications (2022-2030) ($MN)
28 Global Car Digital Video Recorder (DVR) Market Outlook, By End User (2022-2030) ($MN)
29 Global Car Digital Video Recorder (DVR) Market Outlook, By Individual Consumers (2022-2030) ($MN)
30 Global Car Digital Video Recorder (DVR) Market Outlook, By Fleet Management (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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