Press release
Growing Use Adoption To Fuel Sales of Car DVR Market During Forecast Period 2022 - 2031 : Fact.MR
A recently revamped Fact.MR study on the car DVR market forecasts that the industry is projected to surge at a CAGR of 5.2% from 2022 to 2032, reaching US$ 2.49 Bn by the end of the said assessment period. Increasing need to monitor traffic movement and avoid accidents is a prime factor governing market growth.From 2017 to 2021, car DVR sales flourished at a CAGR of 7.3%. During the COVID-19 pandemic, prospects dipped significantly, particularly in 2020. Imposition of lockdowns across all countries stymied automotive industry output, leading to contracting sales. Eventually, this was offset as the restrictions lifted.
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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
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Key Takeaways from the Market Study
By vehicle, passenger cars to accumulate 63% of car DVR market revenue
China to be an opportunistic investment hub, expected to flourish at a CAGR of 7%
Japan to account for a revenue share of US$ 125 Mn by the end of 2022
Germany is forecast to emerge as the fastest growing market, registering a CAGR of 8%
Global car DVR market is expected to be valued at US$ 1.5 Bn by the end of 2022
Increasing vehicle ownership amid rapid urbanization has heightened the need to install adequate safety features to avoid accidents, which has boded extremely well for car DVR sales, says a Fact.MR analyst.
Car DVR Market- Scope of Report
A recent study by Fact.MR on the car DVR market offers a 10-year forecast for 2022 to 2032. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering car DVR.
The study also provides the dynamics responsible for influencing the future status of the car DVR market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.
A list of prominent companies operating in the car DVR market, along with their product portfolios, key strategies and SWOT analysis, enhances the reliability of this comprehensive research study.
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Report Summary
The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of car DVR across the globe.
A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of car DVR during the forecast period. Price point comparison by region with global average price is also considered in the study.
Source - https://www.factmr.com/report/28/automotive-car-dvr-market
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