Press release
Accident Recorders Market to Reach US$ 6.78 Billion by 2034, Growing at 7.3% CAGR
The surge in demand for accident recorders is fueled by the growing emphasis on road safety and the rising costs of insurance claims. With increasing maternal age and urbanization contributing to higher accident rates, the need for accurate documentation of incidents has become paramount. Advanced accident recorders now integrate with telematics systems and connected vehicle platforms, offering features like driver behavior monitoring and predictive safety analytics. This integration enhances their utility beyond mere accident documentation, supporting fleet management and preventive safety measures. Additionally, regulatory mandates in key markets, such as the United States and China, are driving the adoption of accident recorders, particularly in commercial vehicles, where compliance with safety standards is critical.
Accident recorders are widely utilized across various vehicle types, including passenger cars, light commercial vehicles, and heavy commercial vehicles. Passenger cars dominate the application segment, holding a 55.6% market share in 2024, valued at USD 1,863.6 million. The dual-channel accident recorders segment, which offers front and rear video recording, is a leading product category, accounting for 58.4% of the market in 2024. These devices provide comprehensive coverage, enabling precise documentation of incidents, which is crucial for insurance claims and legal proceedings. The integration of advanced features like night vision, wide-angle lenses, and cloud-based storage further enhances their appeal, particularly for fleet operators seeking real-time monitoring and data analytics.
Browse Full Report: https://www.factmr.com/report/677/accident-recorders-market
"Technological advancements in accident recorders, such as AI-powered incident detection and cloud connectivity, are transforming the market. Companies must prioritize innovation to meet evolving safety regulations and consumer demands for real-time data access," opines a Fact.MR analyst.
Accident Recorders Market Insights: Key Trends and Growth
The Fact.MR report underscores significant growth in the accident recorders market, driven by stringent safety regulations, rising insurance requirements, and advancements in recording technology. The dual-channel segment is expected to generate an absolute dollar opportunity of USD 2,007.5 million between 2024 and 2034, fueled by its ability to provide multi-angle recordings. Cloud-based recorders are gaining traction due to their seamless data storage and accessibility, while digital recorders dominate the technology segment for their reliability and precision. North America leads the market with a 34.4% share in 2024, driven by robust regulatory frameworks and a strong commercial fleet sector. However, data privacy concerns and high installation costs pose challenges, particularly for smaller fleet operators and individual vehicle owners in developing regions.
Key Takeaways from the Market Study
* The global accident recorders market is forecasted to grow at a CAGR of 7.3% from 2024 to 2034.
* North America holds a 34.4% market share in 2024, with the United States contributing USD 804.6 million and an absolute dollar opportunity of USD 853.5 million by 2034.
* The China market is expected to grow at a CAGR of 7.8%, reaching USD 987.0 million by 2034.
* The dual-channel accident recorders segment is projected to be valued at USD 1,945.1 million in 2024.
* Passenger cars in the application segment are expected to grow at a CAGR of 7.5% through 2034.
* The East Asia market, led by China, is forecasted to grow at a CAGR of 7.6% through 2034.
Accident Recorders Market Competitive Landscape
Key players in the global accident recorders market include Continental AG, Delphi Technologies, Garmin Ltd., Valeo, BlackVue, Thinkware, Transcend, Clarion, PAPAGO, RoadHawk, Blackbox Guard, Spy Tec, Eken, Wicked HD, and Old Shark. These companies are driving market growth through continuous innovation, strategic partnerships, and product launches. For instance, in February 2024, Garmin introduced the Drive Recorder fleet management system with AI-powered accident detection. In December 2023, BlackVue launched the DR900X Plus Series with enhanced night vision and cloud connectivity. Thinkware's F200 Pro model, announced in June 2023, features advanced driver assistance systems. These companies focus on integrating cutting-edge technologies like AI, cloud storage, and real-time monitoring to strengthen their market position.
Accident Recorders Industry News
* In February 2024, Garmin launched the Drive Recorder fleet management system with advanced AI capabilities for real-time accident detection and cloud integration.
* In December 2023, BlackVue introduced the DR900X Plus Series, featuring enhanced night vision and improved cloud connectivity for seamless data access.
* In June 2023, Thinkware released the F200 Pro model with AI-powered incident detection and enhanced storage management features.
For More Insights into the Market, Request a Sample of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=677
Accident Recorders Market Key Companies Profiled
Continental AG
Delphi Technologies
Garmin Ltd.
Valeo
BlackVue
Thinkware
Transcend
Clarion
PAPAGO
RoadHawk
Blackbox Guard
Spy Tec
Eken
Wicked HD
Old Shark
Explore More Related Studies Published by Fact.MR Research
Sperm Processing Media Market: https://www.factmr.com/report/sperm-processing-media-market
Synthetic Drugs Market: https://www.factmr.com/report/synthetic-drugs-market
Hexyl Cinnamal Market: https://www.factmr.com/report/hexyl-cinnamal-market
Membrane Polymers Market: https://www.factmr.com/report/membrane-polymers-market
Pentanedione Market: https://www.factmr.com/report/pentanedione-market
Wood Sealer Market: https://www.factmr.com/report/wood-sealer-market
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com
About Fact.MR
We are a trusted research partner of 80% of Fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.
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 Accident Recorders Market to Reach US$ 6.78 Billion by 2034, Growing at 7.3% CAGR here
News-ID: 4118938 • Views: …
More Releases from FactMR
5K Display Resolution Market to Hit USD 56.41 Billion by 2033 | Samsung Electron …
The global 5K display resolution market size is valued at US$ 14.31 billion in 2023 and is forecast to reach a value of US$ 56.41 billion by 2033, with a projected CAGR of 14.7% from 2023 to 2033.This robust growth is driven by surging demand in professional sectors like graphics design, video editing, gaming, and medical imaging, where high-resolution displays offer unparalleled clarity and detail at 5120 x 2880 pixels.…
Garnet Market to Hit USD 1.18 Billion by 2033 | GMA Garnet Group, Indian Ocean G …
According to a new study by experienced analysts at Fact.MR, the global garnet market size is estimated to be valued at US$ 688.6 Million in 2023 and is predicted to expand at a CAGR of 5.5% to reach a valuation of US$ 1.18 Billion by the end of 2033.This growth is driven by increasing demand in industrial applications such as water jet cutting, abrasive blasting, and water filtration, fueled by…
USB Charger Market to Reach USD 53.3 Billion by 2033 | Anker, AUKEY, Mophie Lead …
As per the latest study by Fact.MR, the global USB charger market is estimated at US$ 28.1 billion in 2023 and is forecasted to expand at a CAGR of 6.6% to reach a size of US$ 53.3 billion by the end of 2033.This robust growth is fueled by the surging demand for portable electronic devices, rapid technological advancements in charging solutions, and the increasing adoption of Internet of Things (IoT)…
Riding Gear Market to Hit USD 29.4 Billion by 2033 | Royal Enfield, Steelbird, A …
As per a new industry analysis by Fact.MR, the global riding gear market is estimated at US$ 19.3 billion in 2023. Worldwide sales of riding gear are projected to increase at a CAGR of 6.2% and reach US$ 29.4 billion by the end of 2033.This expansion is fueled by increasing safety awareness among riders, stringent regulatory mandates, and the growing popularity of motorcycling as both a recreational and commuting activity.…
More Releases for Recorder
Global Digital Chart Recorder Market Size by Application, Type, and Geography: F …
According to Market Research Intellect, the global Digital Chart Recorder market under the Internet, Communication and Technology category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The digital chart recorder market is experiencing steady growth due to increasing demand for accurate, real-time data…
Radar Tide Gauge Recorder Market
Radar Tide Gauge Recorder Wafer Market Analysis:
The global Radar Tide Gauge Recorder Market size was estimated at USD 612 million in 2023 and is projected to reach USD 902.14 million by 2030, exhibiting a CAGR of 5.70% during the forecast period.
North America Radar Tide Gauge Recorder market size was USD 159.47 million in 2023, at a CAGR of 4.89% during the forecast period of 2025 through 2030.
To Read Full Market…
Best Screen Recorder for PC: A Comprehensive Guide to iTop Screen Recorder
Screen recording has become an essential tool for various tasks, including online teaching, gameplay recording, and business presentations. If you are looking for the best screen recorder for PC, iTop Screen Recorder is a reliable choice that offers advanced features with a user-friendly interface. This article will provide an in-depth review of iTop Screen Recorder, its features, benefits, and how to use it efficiently.
What is iTop Screen Recorder?
iTop Screen Recorder…
Flight DFlight Data Recorder (FDR): A Comprehensive Overviewata Recorder Market
A Flight Data Recorder (FDR), commonly known as a "black box," plays a crucial role in modern aviation. It is a device installed in aircraft to record specific flight performance data and system parameters. In the event of an accident or incident, the FDR provides vital information to investigators, helping them understand the sequence of events leading up to the crash or malfunction. This device, coupled with a cockpit voice…
Voice Recorder App Market Is Thriving Worldwide| Rev, Hi-Q Recorder, Audacity
Voice Recorder App Market, Global Trend and Future Outlook 2024-2032 is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Voice Recorder App Market. Some of the key players profiled in the study are Rev, Smart Voice…
iFLYTEK Smart Recorder, Revolutionizing Office Efficiency
iFLYTEK Co., Ltd., a pioneer in artificial intelligence technology, announces the successful launch of the iFLYTEK Smart Recorder, now available for purchase on their ecommerce website and Amazon in the United States and Canada markets. This cutting-edge digital voice recorder promises to revolutionize the way professionals capture, transcribe, and manage audio content, ushering in a new era of productivity and convenience.
Image: https://www.getnews.info/uploads/78bf84793315079ab820af5097c79b5f.jpg
The iFLYTEK Smart Recorder is equipped with a range…
