The Latest Study Published by HTF MI Research on the “Automotive Recorder Market’’ evaluates market size, trend and forecast to 2030. The Automotive Recorder market study includes significant research data and evidences to be a practical resource document for managers and analysts is, industry experts and other key people to have an easily accessible and self-analysed study to help understand market trends, growth drivers, opportunities and upcoming challenges as well as information about the competitors. Some of the Major Companies covered in this Research are Bosch (Germany), Continental AG (Germany), Aptiv PLC (Ireland), Waylens Inc. (United States), Nexar (Israel), Geotab Inc. (Canada), Samsara Networks Inc. (United States), Garmin Ltd. (United States), BlackVue (South Korea), Thinkware (South Korea).
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According to HTF Market Intelligence, the Global Automotive Recorder market to witness a CAGR of 6.8% during forecast period of 2024-2030. Global Automotive Recorder Market Breakdown by Type (Dashcams, Event Data Recorders (EDRs), GPS Trackers, Telematics Systems) by Vehicle Type (Passenger Vehicles, Commercial Vehicles) by End User (Automotive OEMs, Fleet Management, Insurance) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Automotive Recorder market size is estimated to increase by USD 2.8 Billion at a CAGR of 6.8% from 2024 to 2030. The report includes historic market data from 2019 to 2023E. Currently, market value is pegged at USD 2.9 Billion.
The “Automotive Recorder Market” encompasses the industry involved in the manufacturing, distribution, and servicing of automotive recorders, also known as vehicle data recorders or automotive black boxes. These devices are installed in vehicles to record various data and events related to vehicle operation, performance, and safety.
In January 2023, Nextbase IQ introduced dascam brand powered by T-Mobile in North America. T-Mobile deliver IoT connectivity for Nextbase iQ devices across the U.S. and Canada which enabling near real-time video and notifications, as well as over-the-air updates that offer additional features throughout the life. In January 2023, Garmin Ltd. launched Garmin Dash Cam Live connected1 LTE dash cam2 that offers access to a live exterior view of their vehicle. The LTE subscription, motorists utilize the Garmin Drive app to access an on-demand view of everything within sight of the Dash Cam Live in their vehicle.
Market Drivers
- Increasing regulations mandating the installation of automotive recorders in vehicles.
- Rising awareness about road safety driving the demand for technologies
Opportunities
- Integration with autonomous vehicles
- Expansion of fleet management solutions
Market Restraints:
- Privacy Concerns associated with automotive recorders
- High cost of installation costs and ongoing maintenance expenses
Major Highlights of the Automotive Recorder Market report released by HTF MI
Global Automotive Recorder Market Breakdown by Type (Dashcams, Event Data Recorders (EDRs), GPS Trackers, Telematics Systems) by Vehicle Type (Passenger Vehicles, Commercial Vehicles) by End User (Automotive OEMs, Fleet Management, Insurance) and by Geography (North America, South America, Europe, Asia Pacific, MEA)
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa(South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America(United States, Mexico & Canada)
- South America(Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe(Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific(Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Informational Takeaways from the Market Study: The report Automotive Recorder matches the completely examined and evaluated data of the noticeable companies and their situation in the market considering impact of Coronavirus. The measured tools including SWOT analysis, Porter’s five powers analysis, and assumption return debt were utilized while separating the improvement of the key players performing in the market.
Key Development’s in the Market: This segment of the Automotive Recorder report fuses the major developments of the market that contains confirmations, composed endeavours, R&D, new thing dispatch, joint endeavours, and relationship of driving members working in the market.
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Some of the important question for stakeholders and business professional for expanding their position in the Automotive Recorder Market:
Q 1. Which Region offers the most rewarding open doors for the market Ahead of 2023?
Q 2. What are the business threats and Impact of latest scenario over the market Growth and Estimation?
Q 3. What are probably the most encouraging, high-development scenarios for Automotive Recorder movement showcase by applications, types and regions?
Q 4.What segments grab most noteworthy attention in Automotive Recorder Market in 2023 and beyond?
Q 5. Who are the significant players confronting and developing in Automotive Recorder Market?
Automotive Recorder Market Study Coverage:
- It includes major manufacturers, emerging player’s growth story, and major business segments of Automotive Recorder market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
- Automotive Recorder Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
- Automotive Recorder Market Production by Region
- Automotive Recorder Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
- Key Points Covered in Automotive Recorder Market Report: Overview, drivers and barriers
- Automotive Recorder Market Competition by Manufacturers
- Automotive Recorder Market Capacity, Production, Revenue (Value) by Region (2024-2030)
- Automotive Recorder Market Supply (Production), Consumption, Export, Import by Region (2024-2030)
- Automotive Recorder Market Manufacturers Profiles/Analysis
- Automotive Recorder Market Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
- Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
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