openPR Logo
Press release

Global Video Event Data Recorder Market: Industry Analysis and Opportunity Assessment, 2016-2026

Market Research Reports Search Engine

Market Research Reports Search Engine

In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Video Event Data Recorder Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.

To Get Sample Report @ https://www.mrrse.com/sample/2941

The global video event data recorder (VEDR) market was valued at nearly US$ 1,500 Mn in 2015 and is projected to reach approximately US$ 3,500 Mn by 2026. Sales revenue is expected to increase at a CAGR of 6.9% during the assessment period (2016–2026). This growth is attributed to rising awareness and adoption of vehicle safety technologies, government regulations and motor vehicle safety standards and benefits such as detailed data capture capabilities offered by VEDR devices. Among the vehicle types, revenue contribution from the passenger cars segment is anticipated to expand 2.2X during the forecast period. In terms of market value share, light commercial vehicles was the dominant segment, accounting for more than 50% share of the global video event data recorder market revenue in 2015.

Global Video Event Data Recorder Market Analysis and Forecast – By Vehicle Type

In terms of revenue, passenger cars segment is expected to register a relatively high CAGR of 8.6% during the forecast period. This is attributed to increasing adoption of VEDR solutions in passenger cars as a valuable research tool and to record impact speeds
The global market for VEDR solutions is highly fragmented and intensely competitive and to sustain their position in the market, manufacturers of VEDR solutions are offering various incentives to private sector stakeholders – primarily auto OEMs and insurance companies – to deploy these solutions
In terms of revenue, light commercial vehicles is projected to be the most attractive segment in the global video event data recorder market during the forecast period
Passenger cars segment is expected to register high Y-o-Y growth rates throughout the forecast period and is anticipated to record a CAGR of 8.6% in the coming decade
Light commercial vehicles segment was valued at almost US$ 800 Mn in 2015 and is expected to remain dominant through 2026, accounting for a revenue share in excess of 45%
Currently, adoption of video event data recorders is comparatively higher in light and heavy commercial vehicles owned by law and enforcement agencies (including military and defence). However, demand for video event data recorders is also expected to increase from the passenger cars segment. This rising demand is attributed to various factors such as transparent insurance procedures and improved monitoring of public transport and fleet operations.” - Analyst (Electronics and ICT), Future Market Insights  Global Video Event Data Recorder Market – Opportunities for Key Players

Browse Full Report with TOC @ https://www.mrrse.com/video-event-data-recorder-vedr-market

The global video event data recorder market is still in a nascent stage, but is witnessing a substantial growth. In order to leverage rising adoption of these products, companies could significantly invest in core sales and marketing functions. With Law & Enforcement Agencies (LEAs) being the largest application area for VEDRs, there is a potential revenue opportunity for manufacturers. Players active in the global video event data recorder market can build a large pipeline of potential revenue streams through strategic planning and increasing investments with LEAs

Cost-effective products and software revenues

Pricing and features are the two main factors shaping decision-making of law enforcement agencies. This is attributed to limited financial resources of most agencies. In order to penetrate and gain a significant footprint in this highly fragmented market, manufacturers could strategically invest in R&D initiatives to develop VEDR tools with advanced features in the low-medium ASP range. Additionally, integration of smart software could help drive margins up and flow through to the bottom line. Contingent upon proper implementation, these two efforts have the potential to drive revenues in the long term.

Enhanced customer awareness

Like any other market in the development stage, the global video event data recorder market is also characterised by low customer awareness regarding VEDR tools and the associated benefits. Educating customers about the convenience and advantages of advanced vehicle safety devices can play a vital role in triggering growth in adoption of these devices. Auto OEMs can play a crucial role in creating customer awareness as they are in close proximity to car buyers. They can make sustained efforts to educate vehicle buyers about advanced safety systems such as VEDRs along with the inherent advantages so that provision of these devices becomes a default criteria influencing customer purchase decisions. This in turn offers potential revenue opportunities to auto OEMs. Additionally, auto OEMs can take the lead by providing devices such as VEDRs and related services free of cost until customers are adequately educated about the benefits, convenience and necessity of using these systems. This is likely to lead to increased growth in demand for vehicle safety devices in future.

Enquiry Now @ https://www.mrrse.com/enquiry/2941

About (MRRSE)

Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.

MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consultin

Contact Us

State Tower
90, State Street
Suite 700
Albany, NY – 12207(United State)
Telephone: +1-518-730-0559(USA & Canada Toll-Free)
Email: sales@mrrse.com
Website: https://www.mrrse.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Video Event Data Recorder Market: Industry Analysis and Opportunity Assessment, 2016-2026 here

News-ID: 1326196 • Views: 157

More Releases from Market Research Reports Search Engine - MRRSE

Global Octabin Market key Insights Based On Product Type, End-use and Regional D …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Octabin Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Get Sample Report with More Info @ https://www.mrrse.com/sample/16143 Packaging solutions for bulk cargo are gaining fast
Global Ion Beam Technology Market Examines Latest Trends and Key Drivers Support …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled“Global Ion Beam Technology Market”to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Click here – Request Sample Report @ https://www.mrrse.com/sample/3126 Application of ion beam was rarely found
Cash- in Transit Bags Market 2025 | Global Key Players: TruSeal (Pty) Ltd, Harco …
This report on the Global Cash-in Transit Bags Market provides analysis for the period 2015–2025, wherein 2016 is the base year and the period from 2017 to 2025 is the forecast period. Data for 2015 has been included as historical information. The report covers market dynamics including drivers, restraints, opportunities, trends, and policies and regulations which are expected to influence the cash-in transit bags market growth during the said period.
Global BOPP Films for Packaging Market, Industry Analysis, Size, Share, Trend & …
A new report on BOPP films for packaging delivers in-depth understanding on the consecutive growth path of the market along with the future scenarios and present situation of the market. The report offers an exclusive analysis of the global market and also presents insights on regional and other important segments. Request Sample Report @ https://www.mrrse.com/sample/4746 The report offers a summary of the global market including an official abstract that draws out the

All 5 Releases


More Releases for VEDR

Video Event Data Recorder Market - Transparent Insurance Procedures and Improved …
The global video event data recorder (VEDR) market was valued at nearly US$ 1,500 Mn in 2015 and is projected to reach approximately US$ 3,500 Mn by 2026. Sales revenue is expected to increase at a CAGR of 6.9% during the assessment period (2016–2026). This growth is attributed to rising awareness and adoption of vehicle safety technologies, government regulations and motor vehicle safety standards and benefits such as detailed data
Global Video Event Data Recorder Market: Transparent Insurance Procedures and Im …
A fresh report titled “Global Video Event Data Recorder Market: Transparent Insurance Procedures and Improved Monitoring of Public Transport and Fleet Operations to Fuel Demand for VEDR in the Passenger Cars Segment: Industry Analysis and Opportunity Assessment, 2017-2027” has been included to the wide collection of research reports managed by Market Research Reports Search Engine (MRRSE). The global video event data recorder (VEDR) market was valued at nearly US$ 1,500
Video Event Data Recorder (VEDR) Market Research Reports Offers Key Insights
Future Market Insights analyses the global video event data recorder market for a 10-year forecast period, 2016-2026. According to a recent market outlook report, “Video Event Data Recorder (VEDR) Market: Global Industry Analysis & Opportunity Assessment, 2016-2026,” the US$ 1.64 Bn market is likely to reach beyond US$ 3.2 Bn by the end of 2026. In the global VEDR market report, Future Market Insights provides detailed information on market definition and
FMI Releases New Report on the Video Event Data Recorder (VEDR) Market 2016-2026
Event data recorders (EDR) are devices that record information related to an event such as vehicle crash. Video Event data recorders (VEDR) are upgraded versions of EDR devices, which are installed in an automobile to record and store video, audio and other detailed information related to road events and vehicles. Event data recorders are also known as Journey Data Recorder (JDR). Video event data recorder (VEDR) record data and analyses
Video Event Data Recorder (VEDR) Market Analysis and Value Forecast Snapshot by …
Event data recorders (EDR) are devices that record information related to an event such as vehicle crash. Video Event data recorders (VEDR) are upgraded versions of EDR devices, which are installed in an automobile to record and store video, audio and other detailed information related to road events and vehicles. Event data recorders are also known as Journey Data Recorder (JDR). Video event data recorder (VEDR) record data and analyses
Research report explores the Video Event Data Recorder (VEDR) Market for the for …
Event data recorders (EDR) are devices that record information related to an event such as vehicle crash. Video Event data recorders (VEDR) are upgraded versions of EDR devices, which are installed in an automobile to record and store video, audio and other detailed information related to road events and vehicles. Event data recorders are also known as Journey Data Recorder (JDR). Video event data recorder (VEDR) record data and analyses