Worldwide Consumption Of Accident Recorders Currently Stands At A Value Of US$ 2.91 Billion, Unveils Fact.MR
Latest industry analysis by Fact MR, predicts sales of Accident Recorders to swell at propelled CAGR through 2031, as automotive sales gradually recover across the world. The report is intended at presenting insights into hidden growth opportunities and challenges. It also offers recommendations to help businesses to prep for unforeseen challenges.
The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing strategy. It offers sales outlook in 20+ countries. It identifies the most lucrative segments to assist companies in creating winning strategies for future.
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The report offers actionable and valuable market insights of Accident Recorders. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Accident Recorders Market across various industries and regions.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Accident Recorders market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Accident Recorders
This newly published and insightful report sheds light on Market Insights of Accident Recorders, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Accident Recorders Market.
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How is the Accident Recorders Market Expanding on a Regional Level?
"Rapidly Expanding Automotive Industry & Rising Incidence of Road Accidents in North America"
In 2022, North America is likely to account for 32.7% of the global market share.
According to injuryfacts.nsc.org, the number of miles traveled in the United States in April 2022 rose by 1.5% as compared to April 2021, but was still down 3.8% from 2019 (pre-pandemic norms). 3,460 deaths were predicted to occur by April 2022. This early projection shows a decrease of 11% from 2021 but an increase of 35% from 2020.
The automobile industry is actively involved in the installation of safety and preventative measures in vehicles due to growing rates of distracted driving.
Europe is expected to account for 27.6% of the global market share. Europe's automobile market is expanding rapidly in terms of vehicle production.
The French government enacted European Regulation 2019/2144 (the "Regulation"), which specifies standards for the licensing of motor vehicles by Member State National Authorities, into law on April 14, 2021, by an Ordinance. By July 2022, all new cars sold in the European Union must contain an "Electronic Data Recorder," as required by this regulation.
The European Union is following the example set by American regulators, where Event Data Recorders are required in all new cars and are already present in more than 90% of lightweight cars.
Road fatalities continue to be mostly caused by distracted driving, which has led to the installation of safety and preventative measures in cars.
Accident recorders provide a significant source of information for car owners and regulatory authorities to identify the true reason for any collision. They save precise information before, during, and after the crash.
Accident recorders store the data they capture in the brief seconds before and/or after any automobile accident. The market for accident recorders is anticipated to expand rapidly as a result of their several advantages.
Electric in-cabin informational components are becoming increasingly common in the rapidly developing automobile industry, which may open the door for more widespread use of smart accident recorders. The market for accident recorders offers several profitable opportunities in the future.
Expanding at a CAGR of 7.3%, the global accident recorders market is projected to increase from a valuation of US$ 2.91 billion in 2022 to US$ 5.89 billion by 2032.
Full Access of this Exclusive Report is Available at - https://www.factmr.com/checkout/677
Key Segments Covered in Accident Recorders Industry Research
Accident Recorders Market by Product :
Single Channel Accident Recorders
Dual Channel Accident Recorders
Accident Recorders Market by Application :
Light Commercial Vehicles
Heavy Commercial Vehicles
Accident Recorders Market by Region :
South Asia & Oceania
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Report Benefits & Key Questions Answered
Accident Recorders Company & brand share analysis: The report offers in-depth Accident Recorders brand share analysis to estimate percentage of the market covered by Tier 1, Tier 2, and Tier 3 companies
Accident Recorders Historical volume analysis: The report offers a comparative analysis between historic sales of Accident Recorders and projected sales performance for 2021-2031
Accident Recorders Category & segment level analysis: Fact MR presents a comprehensive analysis of factors enabling sales growth across key segments. It underscores chief growth drivers and offers valuable information to identify sales prospects a local and regional levels
Accident Recorders Consumption by demographics: To offer informed recommendation, the report studies behavior and consumption pattern of consumers. The demographics analysis is intended at helping business better understand consumer preference and design their product and market strategies around it.
Post COVID consumer spending on Accident Recorders: The Fact MR market survey carefully studies consumer spending behavior post COVID-19. It gauges how prevailing trends have influenced their behavior, subsequently impacting their spending power
More Valuable Insights on Accident Recorders Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Accident Recorders, Sales and Demand of Accident Recorders, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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