All updated as on -
From a value of 4,874.83 million USD in 2024, the drive recorder market is projected to rise at a CAGR of 15.9%, reaching over 11,765.78 million USD by 2031.
A drive recorder, sometimes called a dashcam or dashboard camera, is a device that captures video footage of the road ahead while a driver is behind the wheel. There will be a visual and auditory record of everything that happens while the car is in motion thanks to the drive recorder. In addition to the standard audio recording capabilities, some drive recorders come with extra features including built-in microphones, G-sensors to detect abrupt movements, and GPS logging.
There are a few other names for a drive recorder: digital video recorder, automobile camera, driving recorder, and automotive recorder. In the event of an accident, drivers can protect themselves with this small but smart camcorder. The primary function of vehicle drive recorders is to continuously capture video data onto detachable storage media, such as an SD card, hard disk, or similar device. When dashcams first came out, they were hardwired into the 12V power source of the car. The primary functions of these cameras are to aid the driver with parking, evaluate the vehicle's performance, provide night vision, and collect important evidence. Advanced driver assistance systems (ADAS) rely heavily on these, as they are equipped with sophisticated computer vision algorithms that help the driver in many ways by extracting useful information from the photos taken.
The worldwide integrated automobile business of today has been profoundly and quickly affected by COVID-19. Vehicle manufacturers may have to slash research and development spending for cutting-edge tech projects and other luxuries in order to keep the lights on. Due to dealers' inability to adapt fast enough to shifting market conditions, the auto retail sector can see a great deal of restructuring. Optimizing working capital and identifying steps to generate immediate, concrete cash flow gains will adjust forecast assumptions. Given the current degree of market uncertainty, prioritize downside possibilities. In order to have access to more borrowing options in the event that liquidity becomes a problem, it is necessary to identify possible sources of collateral.
The global market is seeing explosive expansion due to factors such as improvements in digital technology and the automotive sector, a rise in road accidents, and the increased adoption of advanced driver assistance systems. The availability of different types of dash cams and the strict requirements imposed by some governments on the installation of driving recorders in vehicles are also contributing to the growth of the industry. Another factor driving market expansion is the increasing spending on research and development, along with the introduction of new and improved products. Nevertheless, the high security concerns surrounding these devices and the high initial costs of deploying driving recorders are anticipated to hinder the worldwide market's growth throughout the projection period.
The global automobile drive recorder market has been growing at a healthy rate, thanks to the increased security and safety concerns of buyers. Camera sensors, which have multiple uses nowadays, are an integral aspect of any contemporary vehicle's design. Their assistance is crucial in allowing automakers to release vehicles with improved safety features, fuel efficiency, and passenger comfort. The drive recorder market is expected to experience significant growth throughout the projected period, thanks to the increasing number of manufacturers incorporating drive record camera technology into their next models.
Most drivers find nighttime driving to be one of the most difficult and risky scenarios they've ever encountered. When distance traveled is taken into account, the fatality rate is higher at night compared to the day, especially for accidents involving bicyclists and pedestrians. Consequently, it is crucial to comprehend the challenges of nighttime driving vision in light of the heightened danger to road safety. During the projected period, the market is anticipated to have a boost in growth thanks to the improved performance of drive recorder night vision.
Report Coverage
Global Drive Recorder research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Drive Recorder report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Drive Recorder competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Drive Recorder market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Drive Recorder market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Drive Recorder market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Samsung-anywhere, HP, Supepst, Garmin, Limtech, Philips, DOD, DEC, Eroda, E-Prance, Incredisonic, Auto-vox, Blackview, Jado, Papago, Careland, DAZA, MateGo, Newsmy, Kehan, Roga, and Wolfcar, Toguard, LimtechShenzhen First Scene Technology Co., Ltd, Lukas Dashcam, Nextbase UK, Blackvue, Beijing Qihu Keji Co. Ltd.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Drive Recorder market based on the below-mentioned segments:
Global Drive Recorder Market, By Type
Single Channel Dashcam
Multi-Channel Dashcam
Global Drive Recorder market, By Application
Sports Vehicle
Photography Entertainment
Travel Monitoring
Parking Monitoring
Global Drive Recorder Market, By Vehicle
Passenger Cars
Commercial Vehicle
Global Drive Recorder market, Regional Analysis
A drive recorder, sometimes called a dashcam or dashboard camera, is a device that captures video footage of the road ahead while a driver is behind the wheel. There will be a visual and auditory record of everything that happens while the car is in motion thanks to the drive recorder. In addition to the standard audio recording capabilities, some drive recorders come with extra features including built-in microphones, G-sensors to detect abrupt movements, and GPS logging.
There are a few other names for a drive recorder: digital video recorder, automobile camera, driving recorder, and automotive recorder. In the event of an accident, drivers can protect themselves with this small but smart camcorder. The primary function of vehicle drive recorders is to continuously capture video data onto detachable storage media, such as an SD card, hard disk, or similar device. When dashcams first came out, they were hardwired into the 12V power source of the car. The primary functions of these cameras are to aid the driver with parking, evaluate the vehicle's performance, provide night vision, and collect important evidence. Advanced driver assistance systems (ADAS) rely heavily on these, as they are equipped with sophisticated computer vision algorithms that help the driver in many ways by extracting useful information from the photos taken.
The worldwide integrated automobile business of today has been profoundly and quickly affected by COVID-19. Vehicle manufacturers may have to slash research and development spending for cutting-edge tech projects and other luxuries in order to keep the lights on. Due to dealers' inability to adapt fast enough to shifting market conditions, the auto retail sector can see a great deal of restructuring. Optimizing working capital and identifying steps to generate immediate, concrete cash flow gains will adjust forecast assumptions. Given the current degree of market uncertainty, prioritize downside possibilities. In order to have access to more borrowing options in the event that liquidity becomes a problem, it is necessary to identify possible sources of collateral.
The global market is seeing explosive expansion due to factors such as improvements in digital technology and the automotive sector, a rise in road accidents, and the increased adoption of advanced driver assistance systems. The availability of different types of dash cams and the strict requirements imposed by some governments on the installation of driving recorders in vehicles are also contributing to the growth of the industry. Another factor driving market expansion is the increasing spending on research and development, along with the introduction of new and improved products. Nevertheless, the high security concerns surrounding these devices and the high initial costs of deploying driving recorders are anticipated to hinder the worldwide market's growth throughout the projection period.
The global automobile drive recorder market has been growing at a healthy rate, thanks to the increased security and safety concerns of buyers. Camera sensors, which have multiple uses nowadays, are an integral aspect of any contemporary vehicle's design. Their assistance is crucial in allowing automakers to release vehicles with improved safety features, fuel efficiency, and passenger comfort. The drive recorder market is expected to experience significant growth throughout the projected period, thanks to the increasing number of manufacturers incorporating drive record camera technology into their next models.
Most drivers find nighttime driving to be one of the most difficult and risky scenarios they've ever encountered. When distance traveled is taken into account, the fatality rate is higher at night compared to the day, especially for accidents involving bicyclists and pedestrians. Consequently, it is crucial to comprehend the challenges of nighttime driving vision in light of the heightened danger to road safety. During the projected period, the market is anticipated to have a boost in growth thanks to the improved performance of drive recorder night vision.
Report Coverage
Global Drive Recorder research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Drive Recorder report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Drive Recorder competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Drive Recorder market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Samsung-anywhere, HP, Supepst, Garmin, Limtech, Philips, DOD, DEC, Eroda, E-Prance, Incredisonic, Auto-vox, Blackview, Jado, Papago, Careland, DAZA, MateGo, Newsmy, Kehan, Roga, and Wolfcar, Toguard, LimtechShenzhen First Scene Technology Co., Ltd, Lukas Dashcam, Nextbase UK, Blackvue, Beijing Qihu Keji Co. Ltd. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Drive Recorder Market from 2021 to 2031.
- Market Forecast for Drive Recorder Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Drive Recorder competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Drive Recorder
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Drive Recorder market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Drive Recorder market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Samsung-anywhere, HP, Supepst, Garmin, Limtech, Philips, DOD, DEC, Eroda, E-Prance, Incredisonic, Auto-vox, Blackview, Jado, Papago, Careland, DAZA, MateGo, Newsmy, Kehan, Roga, and Wolfcar, Toguard, LimtechShenzhen First Scene Technology Co., Ltd, Lukas Dashcam, Nextbase UK, Blackvue, Beijing Qihu Keji Co. Ltd.
Primary Target Market
- Market Players of Drive Recorder
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Drive Recorder market based on the below-mentioned segments:
Global Drive Recorder Market, By Type
Single Channel Dashcam
Multi-Channel Dashcam
Global Drive Recorder market, By Application
Sports Vehicle
Photography Entertainment
Travel Monitoring
Parking Monitoring
Global Drive Recorder Market, By Vehicle
Passenger Cars
Commercial Vehicle
Global Drive Recorder market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive drive recorder market market research and competitor analysis for your business to help you develop more profound insights into the drive recorder market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the drive recorder market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.