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Automotive drive recorders, also known as car cameras, automotive recorders, driving recorders, digital video recorders etc., are the little, savvy camcorders that are used in vehicles by drivers to secure themselves on account of an accident. At the point when dash cams were introduced, they were wired specifically into the vehicle's 12V electrical system. The power is ordinarily taken from a source that is hot when the start is in the accessory or run position, which is because of the way that automotive drive recorders are intended to continually record at whatever point they are on, and they're typically also intended to be on at whatever point they are provided with power.
Automotive drive recorders are intended to always record video information to removable capacity media, for example, SD card, hard drive, or others. These cameras are majorly used to assist the driver with parking, assess vehicle performance, for night vision, and to gather critical evidence. Furthermore, they are embedded with advanced computer vision algorithms, which extract meaningful data from the captured images to assist drivers for various purposes and play a crucial role in advanced driver assistance systems (ADAS).
The automotive drive recorder market is anticipated to rise at a momentous rate, because of the increment in the sale of autos and innovation in sensors utilized in cameras. Moreover, ascend in the number of street fatalities is likely to animate the development of the market. Moreover, social outcomes, for example, spike attention to street security by the general population and adoption of stringent street awareness norms by the administration are foreseen to fuel the market development.
The study covers a detailed analysis, growth and forecast of the Automotive Drive Recorder Market. The report includes market analysis on global and regional levels. The study covers historical data analysis from 2018 to 2023 and market forecasts for 2024 to 2030 based on revenue generated. The study includes a market value in terms of revenue in million USD for years 2018-2030 and a compound annual growth rate (CAGR) in % from 2024 to 2030. The market is expected to show constant growth between 2024 to 2030.
The report comprises a value chain analysis for each of the product segments. Value chain analysis offers in-depth information about value addition at each stage. The study includes drivers and restraints for Automotive Drive Recorder Market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. The research report includes major player analysis with shares of each player inside the market, growth rate and market attractiveness in different end-users/regions. Our study Automotive Drive Recorder Market helps users to make precise decisions to expand their market presence and increase market share.
The report provides Automotive Drive Recorder Market Dynamics, including industry growth drivers, challenges, opportunities, risks, constraints as well as threats. Reports also include Manufacturing Cost Analysis mainly including Raw Materials Analysis, Price trends of products, Mergers & Acquisitions, Expansion, Key Suppliers of products, Concentration Rate of Automotive Drive recorder market, and Manufacturing Process Analysis. The Research Report contains Market Effect Factors analysis mainly including Technology Progress, Consumer Needs Trends, and External Environmental Change.
Sellers are increasingly focusing on product differentiation and they try to incorporate additional features supplementing the basic function of video recording in their products. Manufacturers have also stepped up their marketing activities and have adopted modern channels of distribution such as authorized online vendors and other e-commerce retailers such as Amazon, eBay, and Ali Express apart from authorized brick & mortar stores, automotive spare parts stores, and physical retail stores.
Automotive Drive Recorder Market: Product Type
Automotive Drive Recorder Market: Application
Automotive Drive Recorder Market: Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study consists of following key players in Automotive Drive Recorder Market:
Geographical analysis of Automotive Drive Recorder Market:
Global Automotive Drive Recorder Market Report delivers a comprehensive analysis of the following parameters:
Parameters | Details |
---|---|
Base Year |
2024 |
Historical Data |
2018-2023 |
Forecast Data |
2024-2030 |
Base Year Value (2024) |
USD 5264.39 million |
Forecast Value (2031) |
USD 10456.27 million |
CAGR (2025-2030) |
10.3 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Automotive Drive Recorder Market was valued at around USD 5264.39 million in 2023 & estimated to reach USD 10456.27 million by 2030.
Automotive Drive Recorder Market is likely to grow at Compound Annual Growth Rate (CAGR) of 10.3% between 2024 to 2030.
Automotive Drive Recorder Market is dominated by the Dual-Channel Systems segment and the North America region holds the highest market share in 2023.
Some of the top key players in the Automotive Drive Recorder Market are
Primary driving factors for the growth of the Automotive Drive Recorder Market include Ascending number of street fatalities along with adoption of stringent street awareness norms by the administration.
Yes, the report includes COVID 19 impact on the market.
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