The Global Car DVR Market was valued at USD 1.70 Billion in 2022 and is projected to reach USD 2.60 Billion by 2030, registering a CAGR of 6.75% for the forecast period 2023-2030.
Market Definition
Cars front and back image can be captured with an installed car digital video recorder or car DVR. It is small and simple to install on the dashboard on windshield of a car, in the event of an accident, these gadgets serve as silent witnessing, capturing videos. The need for such cutting-edge DVR solution has been further spurred by funding program like the in-car camera incentive program and awareness effort like teen safe driver program provided by American family insurance in US. The worldwide automobile DVR market is anticipated to be driven by advancement in wireless technology and declining camera cost. The usage of DVR in police patrol car and law enforcement is the primary driver of the industry. In addition to being utilized to find the licenses plates of lawbreakers, the camera footage is also used to teach rookie crop the proper conduct. Over the course of projection period the market for replacement and new camera for the vehicle is anticipated to increase steadily. Dash cams are gaining popularity in many parts of Asia, Europe, Australia, and the U.S. for their use in commercial as well as in passenger vehicles. These cameras provide video evidence of any unexpected occurrence such as accidents and insurance frauds.
Market Size:
- 2022: USD 1.70 Billion
- 2030: USD 2.60 Billion
- CAGR (2023-2030): 6.75%
Car DVR Market Dynamics
Drivers Propelling the Demand for Car DVR include:
Increasing safety awareness conscious factor fueling the growth of market:
Consumers today want a second set of eyes on the road and are increasingly worried about safety when driving. Car DVR provide high quality video resolution, long loop length, low light performance, user friendliness and simple storage capacity. The number of claims containing film has dramatically increased in recent years, suggesting that the popularity of these device is growing quickly. By reducing the amount of time needed to provide evidence related to claim of reckless driving incident, these gadgets facilitate the work of law enforcement agencies. Additionally, the producers are creating new goods with security and driver assistance features. Due to this technology driving id made safer, more incentive, and more secure. In addition to the vehicle aware system, road watch artificial intelligence, threat prevention, emergency SOS and spatial awareness technology, Next base iQ will also feature a 4k three camera infrared video system. It will also have native voice control, witnessed mode, ultra-high accuracy GPS satellite positioning, and fast and dependable cloud sync with 4G/3G IoT connection. Additionally, car sharing service are growing in popularity, car sharing companies can safeguard their vehicle with their aid of car DVR, it is anticipated that the development of new features like night vision, high-definition video recording will further propel the growth car DVR market.
For instance, in January 2023, according to Nextbase, the world’s leading dash cam brand, announced that the forthcoming Nextbase iQ will be powered exclusively by T-Mobile in North America. T-Mobile will deliver IoT connectivity for Nextbase iQ devices across the U.S. and Canada enabling near real-time video and notifications, as well as over-the-air updates that will offer additional features throughout the life of the device.
Road accidents and vehicle theft are on the rise, which will support market expansion:
All around the world, law enforcement agencies find a car DVR is useful, increased instance of theft, vandalism, and auto accident have led to a rise in personal vehicle use, which is encouraging for market expansion. With the help of technology, drivers can efficiently manage their on-road safety and record similar incidents. Dash-mounted video cameras, for example, are extremely popular in Russia due to lax and often corrupt law enforcement, as well as a legal system that rarely favors first-hand accounts of traffic collisions, which has made in-vehicle cameras a necessity for many drivers. Vehicle theft can be discouraged by using car DVRs. These covertly placed devices have the ability to record potential thieves or vandals on camera, which helps law enforcement find and detain offenders. Car owners are encouraged to purchase DVRs for their vehicles in order to safeguard their assets and for added security. In the event of disagreements, insurance claims, or legal actions, car DVRs are essential tools for capturing live footage of traffic accidents and incidents, offering important evidence. More drivers are choosing to purchase vehicle DVR systems as a result of the evidence's potential value in assigning blame, supporting police investigations, and accelerating insurance claims. A lot of contemporary car DVRs have sophisticated features like real-time alerts, GPS tracking, and smartphone connectivity. These functions can improve the user experience and offer benefits beyond just logging collisions and thefts, which will encourage customers to spend more money on vehicle DVR technology, thus driving the growth of car DVR market.
For instance, in April 2023, according to Governors Highway Safety Association, announced that an estimated 42,795 people died in traffic crashes in the United States in 2022.
Recent Developments
- January 2023
Garmin announced the all-new Garmin Dash Cam Live, an always-connected 1 LTE dash cam2 that offers drivers access to a live exterior view of their vehicle. With the purchase of an LTE subscription, motorists can utilize the Garmin Drive app to access an on-demand view of everything within sight of the Dash Cam Live in their vehicle. Drivers will also enjoy greater peace of mind through receiving theft alerts and other incident alerts3, when parked and away from the vehicle. The camera records high-definition 1440p video with a 140-degree field of view, featuring Garmin Clarity HDR optics for crisp detail day or night, providing a clear witness to any potential incident.
- February 2022
Pioneer will launch its conversational driving partner NP1 which innovates the driving environment through "voice" and "communication" on March 2 in Japan. The Pioneer NP1 introduces the world to a new type of connected device powered by a driving personal voice AI.
Restraint in the Car DVR Market
The market dynamic may be hampered by privacy concern and stringent regulation related to car digital video recorders
Consumer costs have gone up as a result of technological advancements in DVRs, such as integrated Wi-Fi, motion sensors, and night vision capabilities. DVRs are cameras that record footage of the road in front of and/or behind the car. As public awareness of safety issues has grown, DVRs have become more and more common. Since these gadgets can be used to track drivers' whereabouts and record their conversations, privacy concerns have also been raised. Moreover, functions like the built-in Wi-Fi and smartphone access to the DVR expose the in-car camera to security risks like hacking and unauthorized recording of private conversations and interior car footage. As a result, their use is strictly prohibited in a number of nations. For example, the use of DVRs is strongly discouraged in Switzerland due to concerns regarding data protection principles. In Austria, their usage is strictly forbidden and is punishable by steep fines. As a result, privacy protection laws in different nations will probably limit market expansion.
For instance, in March 2021, according to Car scoops, Privacy concerns have been raised about the in-car cameras used on certain Tesla vehicles that record and transmit footage of drivers and passengers.
Challenges in the Car DVR Market
Technology challenges for car DVR
Vehicle digital recorders (DVRs) must be able to capture clear footage in both bright and low light. It is difficult to consistently achieve this because it calls for the use of dependable hardware, sophisticated image processing algorithms, and high-quality cameras and sensors. Because car DVRs record video footage continuously, they produce a large amount of data. This data must be kept on safe, dependable, and capaciously large storage devices. One important consideration is balancing storage capacity with affordability and device size. Wireless connectivity features like Bluetooth and Wi-Fi are available on certain car DVRs. Wireless connectivity does, however, also bring with it additional security and performance issues. Because car DVRs are susceptible to cyberattacks, hackers may be able to access the data on the device or even take over the camera. Given the potential consequences for safety and privacy, this is a major worry. With the help of these features, drivers can watch and share recorded footage by connecting the DVR to their smartphones or tablets. Wireless connectivity does, however, also bring with it additional security and performance issues. Because car DVRs are susceptible to cyberattacks, hackers may be able to access the data on the device or even take over the camera. Given the potential consequences for safety and privacy, this is a major worry.
Opportunities in the Car DVR Market
Increasing adoption of advanced driver assistance system
The goal of advanced driver-assistance systems (ADAS) is to increase driving efficiency and safety through a combination of electronic technologies. Car DVRs can supply the high-quality video input needed for ADAS features like adaptive cruise control, automated emergency braking, and lane departure warning. Car DVRs can offer a wider field of view, which can aid ADAS systems in identifying more possible hazards. Compared to other cameras, it can record video at a higher resolution, which can improve object recognition for ADAS systems. Car DVRs can provide more accurate video input than other sources, such as external cameras mounted on the vehicle. This is so because things like bad lighting and weather have no effect on car DVRs. It is anticipated that the need for high-quality video input will grow as ADAS systems become more complex. This will give the market for car DVRs a big opportunity.
Snapshot:
| Attributes | Details |
| Market Size in 2022 | USD 1.70 Billion |
| Market Forecast in 2030 | USD 2.60 Billion |
| Compound Annual Growth Rate (CAGR) | 6.75 % |
| Unit | Revenue (USD Million) and Volume (Kilo Tons) |
| Segmentation | By Channel, By Technology, By Application & By Region |
| By Channel |
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| By Technology |
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| By Application |
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| By Region |
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| Base Year | 2022 |
| Historical Year | 2018 - 2022 |
| Forecast Year | 2023 - 2030 |
Segment Analysis of the Car DVR Market
The Car DVR Market is segmented by Channel, Technology, Application and region.
By Channel
The Single Channel segment held the largest market share in 2022:
By channel is sub segmented into single channel, dual channel. The single channel segment accounted for highest market share 60% in global car DVR market for 2022. In general, single-channel car DVRs are less costly than dual-channel models. This is due to the fact that dual-channel car DVRs require two cameras, whereas single-channel car DVRs only need one. Many drivers find that their needs can be met by a single-channel car DVR. This is due to the fact that most accidents happen in front of the car, in which case a single-channel car DVR can offer sufficient proof. Compared to dual-channel car DVRs, single-channel DVRs are simpler to set up and operate. This is due to the fact that dual-channel car DVRs require the mounting of two cameras, whereas single-channel car DVRs only need the mounting of one camera.
On the other hand, the grains and Seeds segment has the significant market share over the forecast period, due to dual channel car DVRs have two sets of cameras, usually used to record the vehicle's front and rear views. After that, the recorded video is kept in a centralized memory location for future review. The ability to record evidence in the event of a rear-end collision with another vehicle is one of the primary benefits of dual-channel car DVRs.
By Technology
The advanced segment was the leading segment in 2022:
By component, which is divided into basic, advanced, smart. The advanced segment accounted for largest share 75% in global car DVR market for 2022. These recorders feature Uninterruptible Power Supplies (UPS), accelerometers, speed sensors, audio recording, and GPS logging. For determining a car's location following an accident, an integrated GPS is helpful. Acceleration and speed data are recorded by accelerometers and speed sensors for use in emergency situations or while traveling. An uninterruptible power source facilitates the recording process even when the car is parked.
On the other hand, the Advanced segment is anticipated to expand over the forecast period, A greater range of customers can now afford smart car DVRs thanks to their declining cost in recent years. Smart car DVRs can use the data generated by the numerous sensors and cameras installed in connected cars to offer extra features like driver behavior analysis and traffic incident detection.
By Application
The Passenger Car segment was the leading segment in 2022:
By application, which is divided into passenger car, commercial vehicle. The passenger Car segment accounted for largest share 60% in global Car DVR market in 2022. The demand for car DVRs is being driven by consumers' growing awareness of the safety benefits of these devices. Consumers are more likely to spend money on optional car features like DVRs as their disposable income rises. Owners of passenger cars are more likely than those of commercial vehicles to have car DVRs. This is due to the fact that owners of passenger cars are more likely to worry about the security and safety of their cars.
Commercial Vehicle segment is anticipated to register rapid growth in forecast period, Regulations requiring car DVRs to be installed in commercial vehicles are being implemented by governments all over the world. Owners of commercial vehicles who install car DVRs in their vehicles may receive discounts from insurance companies. Vehicle data recorders can help fleet managers by giving them important information about their drivers' behavior.
Regional Analysis
North America occupied the largest market share in 2022:
North America has the largest revenue market share 40% in 2022, Due to their ability to gather evidence, these cameras are becoming more and more popular in the United States as the number of traffic accidents has increased. Moreover, insurance companies offer incentives through programs for auto insurance, which is expected to further boost market expansion in the upcoming years. Growing product acclaim among buyers of new cars will propel market expansion in the coming years. Additionally, a growing need for superior automobile digital video recorders to record trip footage will support market expansion.
On the other hand, Asia Pacific accounted for the significant share over the forecast period, the region's adoption of these in-car camera systems has increased as a result of the presence of significant vendors in nations like China, Korea, and Taiwan. Furthermore, it is anticipated that the demand for dash cams will rise as a result of supportive government regulations promoting the use of these camera systems in nations like Korea and India.
List of the prominent players in the Car DVR Market:
- ABEO Technology
- Amcrest Technologies
- CNSLink
- DOD Tec
- Garmin
- Honeywell
- Panasonic
- Pittasoft
- Shenzhen Zhixinsheng Electronic
- Steel Mate
- Vicovation
Segmentation Analysis of the Car DVR Market
By Channel
- Single Channel
- Dual Channel
- Basic
- Advanced
- Smart
- Passenger Car
- Commercial Vehicle
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Impact of the COVID-19 Pandemic on the Car DVR Market:
The pandemic has highlighted the necessity for the auto industry to proceed cautiously. Many important areas experienced uncertainty as a result of the production line and supply chain disruptions, increase in economic insecurity, and other factors. The majority of producers of electronic components for the market rely on parts that are imported from China, which presents challenges, particularly for smaller businesses. Nonetheless, drive recorders are becoming more and more popular, especially in developing nations, which is why it has become crucial for industry participants. Even in adverse circumstances, manufacturers are likely to redirect their resources toward technological advancement projects like increasing dashcam storage capacities, enhancing video quality, and propelling the market. Therefore, the demand for in-car DVR was adversely affected by the COVID-19 pandemic. As the COVID-19 situation normalizes, the in-car DVR market started recovery as industrial operations were normalized after the recovery.
