According to Acumen Research and Consulting, the global automotive drive recorder market is expected to reach the market value of around $7.2 billion by 2025 and is anticipated to grow at a CAGR of around 11% in terms of revenue during the forecasting period 2018 – 2025.
Automotive drive recorder, also known as car camera, automotive recorder, driving recorder, digital video recorder 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 dashcams 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, a SD card, hard drive, or others. These cameras are majorly used to assist the driver for parking, to 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 driver 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 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 outcome, 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. Moreover, the security and safety worries among purchasers have expanded immensely, thereby positively affecting the development of worldwide automotive drive recorder market. On the other hand, high establishment cost of the cameras limits the market development. On contrary, expected augment in drift of installing advanced driver assistance systems (ADAS) and legislations mandating installation of cameras in vehicles are anticipated to offer beneficial opportunities for emerging as well as active players in the global automotive drive recorder market.
The market research study on “Automotive Drive Recorder Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2025” offers a detailed insights on the global automotive drive recorder market entailing dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global automotive drive recorder market, its Type, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global automotive drive recorder market size and volume, and segment markets by type, application, and geography along with the information on companies operating in the market. The automotive drive recorder market analysis is provided for major regional markets including North America, Europe, Asia Pacific, RoW followed by major countries. For each region, the market size and volume for different segments has been covered under the scope of report. The players covered in the report are Blackvue, Beijing Qihu Keji Co. Ltd. (Qihoo 360), Shenzhen First Scene Technology Co., Ltd (Alladin Group), Lukas Dashcam, Philips, PAPAGO, DOD Tech, Nextbase UK, and more, which are playing important roles in global Automotive Drive Recorders market.
The global Automotive Drive Recorder market is segmented as below:
Market By Type
Market By Application
Market By Geography