Overview of Global Car DVR Market Report: Size, Trends, Share and Growth Forecast till 2022

A freshly compiled business intelligent report, titled “Car DVR Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” has been publicized to the vast archive of Fact.MR online repository. This _ page study delivers all the vital details and information required to know about “Car DVR” market current as well as future prospects. The analysts of the study have gone through extensive research methodologies in order to generate data and information that reflects the latest market undercurrents and industry trends. For a deeper understanding of the market, a sub-category level analysis has been elaborated, by which readers and investors of the report will able to know that where the market stands to gain.

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Traffic authorities in developed countries have intensified the importance of dashcams in recording events of driving accidents or parking mishaps. In developing regions, poor roadway infrastructure has also compelled governments to promote the use of car DVRs in the interior of vehicles. Significance of recorded evidence in investigation of accidents and vandalism is also serving to be a root proponent for adoption of car DVRs.

Car DVRs are compact cameras connected to the dashboard or the windshield that record the video and store it in digital format. These cameras are prominently used for capturing road mishaps or activities that may have led to such accidents. Videos retrieved from car DVRs are critically useful in accident investigation and crash analysis.

Buying Costly Dashcams Seems Pointless

Manufacturers of car DVRs are focusing towards offering more products in the low-priced range. While the mid-priced range is garnering significant demand, expensive dashcams are losing their popularity among car buyers. Automobile companies and consumers are equally attracted towards installing low-priced automotive car DVRs since advanced video recording is unrequired. In 2017, more than half of the global automotive car DVR market is expected to be accounted by sales of low-priced dashcams. Towards the end of forecast period, the need for costly car DVRs is expected to be invalidated as this segment is anticipated to reflect the slowest revenue growth at steady CAGR.

Passenger Cars account for Two-Thirds of Global Car DVR Sales

Observing the dreadful prevalence of passenger vehicles in road accidents recorded throughout the world, car DVR manufacturers are aware of a higher demand for passenger car owners. In 2017, car DVRs sold for passenger cars are likely to account for more than two-third share of global revenues. The demand for car DVRs in passenger car owners is also expected to boost from aftermarket installations. On the other hand, accidents caused by commercial vehicles are far more calamitous than that of passenger vehicles. The report also projects that by the end of 2022, more than US$ 440 Mn worth of car DVRs sold in the world will be accounted by lightweight and heavy commercial vehicles.

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Higher Traction for Pre-Installed Car DVRs

A key highlight in the report underlines the dominance of OEMs in sales of car DVRs. This indicates that majority of car buyers are opting for vehicles with pre-installed in-built dashcams. In 2017, over US$ 600 Mn worth of car DVRs sold in the global market will be accounted by OEMs. With OEMs being the largest sales channel for car DVRs, the report also anticipates that aftermarket sales of car DVR will gain considerable traction towards the latter half of the forecast period. The aftermarket sales of car DVR are slated to exhibit a 40 BPS gain by 2022 over 2017, reflecting a robust value CAGR.

Competition Tracking

The report has also profiled prominent players in the global market for car DVRs, which include companies such as Honeywell, Panasonic Corporation, Garmin Ltd., Amcrest Technologies, Cobra Electronics Corporation, Lukas, ITronics Group, Hdigital-eye ltd. (VicoVation), WatchGuard Video, Blackvue, PAPAGO Inc., Fine Digital Inc., Qrontech Co. Ltd., ABEO Technology Co., Ltd., and CNSLink.

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