Press release
Video Event Data Recorder Market 2021: Industry Size, Share, Price, Trend and Forecast to 2027 | Digital Ally Inc., L-3 Mobile-Vision, Octo Telematics Ltd,, WatchGuard Video
The global video event data recorder (VEDR) is estimated to account for US$ 2,004.2 Mn in 2019 and is expected to grow at a CAGR of 6.8% during the forecasted period (2019-2027).
A video event data recorder (VEDR) is an electronic device that, like a traditional data recorder, is installed in various vehicles to document events such as accidents and collisions. EDRs must meet fleet standards, according to the United States Code of Federal Regulations. Modern VEDRs are triggered by electronically detected engine problems or a sudden change in wheel speed. The VEDR device also records vehicle acceleration, speed, and GPS data. The data collected in the device is automatically saved to a secure digital (SD) card or, in modern devices, to the cloud.
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This report includes information on the industry's market growth as well as key segmentation variables that help the global Video Event Data Recorder Market prosper in today's environment. The report also emphasises the importance of regional classification in the global Video Event Data Recorder Market. Due to growing demand, the worldwide Video Event Data Recorder Market will eventually create more revenue and have a higher market size than the previous projected period.
Major Key players in this Market:
· Digital Ally Inc.
· L-3 Mobile-Vision
· Octo Telematics Ltd
· (OCTOCAM Srl)
· WatchGuard Video
· COBAN Technologies Inc.
· Safety Vision LLC.
· Omnitracs
· Convoy Technologies.
Drivers & Trends
The market forecasts in the Video Event Data Recorder industry are based on established research and assumptions based on current drivers and trends. As a result, the research report serves as a repository of analysis and data for every aspect of the market, including applications, SWOT analysis, future potential, new developments, and more. To acquire a firm grasp on the total market, several possible growth factors and hazards are assessed.
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Segments covered:
- By Data Storage: Flash Card, Cloud Data Storage
- By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
- By End User: Law & Enforcement Agencies, Commercial Fleet
- By Sales Channel: Auto OEM, Aftermarket
Regional Classification
The Video Event Data Recorder market is divided into five areas, each with its own development possibilities and current trends: Latin America, North America, Asia Pacific (APAC), Europe, and the Middle East and Africa. The report was created through extensive research and analysis, as well as examination of numerous elements that may influence regional growth, such as each region's economic, political, environmental, technical, and social condition. It also includes a complete analysis of each region's recognised manufacturers, production, and revenue, as well as the top influencing elements, critical data, and data segmented both regionally and globally.
Key Takeaways:
· The global general video event data recorder (VEDR) market was valued at US$ 2,150.6 Mn in 2020 and is forecast to reach a value of US$ 3,834.6 Mn by 2028 at a CAGR of 5% between 2021 and 2028.
· The Flash Card segment was valued US$ 1,329.2 Mn in 2020 and is expected to witness a CAGR of 6.9% over the forecast period.
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