USD 341.2 million
Report ID:
SQMIG25A2310 |
Region:
Global |
Published Date: January, 2025
Pages:
223
|Tables:
62
|Figures:
74
Global Car DVR Market size was valued at USD 341.2 million in 2023 and is poised to grow from USD 387.26 million in 2024 to USD 1066.53 million by 2032, growing at a CAGR of 13.5% during the forecast period (2025-2032).
The growth of the global market has been driven by a combination of technological advancements, regulatory frameworks and the evolving automotive safety and security environment. Technological innovations such as high-definition cameras, advanced storage devices, and advanced communication features, are driving the market. These developments are clear and detailed video recording from internal vehicle DVR systems, long-term recording, and other on-board systems that can offer easy integration.
Regulatory mandates in various sectors aimed at increasing road safety and reducing accidents play an important role in promoting market growth. Some countries have enacted legislation requiring installation of DVR systems in vehicles especially commercial vehicles and public transport to improve the responsibility for monitoring. The rise in fraudulent insurance claims and the need for reliable evidence in accident-related legal disputes has led to the adoption of automotive DVR systems by individual drivers. This device is a valuable tool for capturing events in real time.
Another major factor driving the market growth is increasing vehicle sales, especially in emerging economies where the demand for vehicle DVR systems is increasing.
Market snapshot - 2025-2032
Global Market Size
USD 341.2 million
Largest Segment
Single Channel
Fastest Growth
Dual Channel
Growth Rate
13.5% CAGR
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Global Car DVR Market is segmented by Types, Vehicle Types, Components, Resolutions, Connectivity, Applications, End Users and region. Based on Types, the market is segmented into Single Channel, Dual Channel, Triple Channel and Quad Channel. Based on Vehicle Types, the market is segmented into Passenger Cars and Commercial Vehicles. Based on Components, the market is segmented into Camera, Global Positioning System (GPS), Memory Card and Other Components. Based on Resolutions, the market is segmented into Standard Definition (SD), High Definition (HD), Full HD and Ultra HD (4K). Based on Connectivity, the market is segmented into Wired and Wireless. Based on Applications, the market is segmented into Parking Surveillance, On-road Driving Surveillance, Incident Recording and Other Applications. Based on End Users, the market is segmented into Individual Consumers and Fleet Management. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Channel
The global market is now dominated by a single channel. Single-channel car DVR systems are primarily designed to capture video of the road ahead of the vehicle. This photo is evidence in case of accidents, disputes or incidents on the road. The system records continuous video recording, usually in loop recording mode, where new images are overlaid on older images to ensure continuous recording. The primary function of a single-channel car DVR is it becomes a reliable source of evidence in the event of an accident or other occurrence of incidents involving roads. The captured footage can be used by drivers, insurance companies and law enforcement to identify faults, assess damage and accurately resolve disputes.
Dual-channel car DVRs have two cameras, which typically capture images from the front and rear of the vehicle. The captured image is then stored in centralized memory for later review. One of the main advantages of a two-way car DVR is that it can record evidence if another car is hit from behind. Although dual-channel digital video recorders are more expensive than single-channel digital video recorders, these devices are more expensive in the long run. These devices offer additional features such as Wi-Fi and GPS connectivity. Many automotive DVRs are investing in product development & differentiation, which boosts the growth of the industry. In December 2022, DDPAI introduced the Z50 dash cam with dual-channel features. This device can record in 4K and 1080p. This recorder can capture evidence of rear-end collisions and can read signs and license plates from up to 60 feet away in the car.
Analysis by Technology
Basic technology is the dominating segment of the market. In addition to basic recording capabilities with cloud connectivity, GPS tracking and AI-powered functionality, advanced vehicle DVR systems prioritize safety, security and connectivity. Features such as real-time departure warnings, collision warnings, parking tracking systems, remote monitoring via mobile apps, and cloud options can be offered providing convenience for users. The key role of the key segment in the market is to cater to the budget-conscious customers who put affordability first. These DVR systems provide cost-effective essential recording services, making them accessible to a wider range of customers, including beginning car owners and manufacturers. Basic car DVR systems typically focus on basic functionality such as video recording on the road in front of or around the vehicle. They are equipped with features such as loop recording, G-sensor collision detection, basic night vision capabilities to meet basic recording needs not included for unnecessary complexity.
The advanced segment of the global market caters to technologically savvy consumers who desire sophisticated features, superior performance and innovative functionality in their DVR systems. This advanced design has led to technological advancements and new uses to deliver improved capabilities and user experience. Advanced car DVR systems are positioned as a luxury offering, targeting discerning customers who are willing to pay a premium for high-end features and functionality. These systems typically feature a high-definition camera, integrated advanced driver assistance system (ADAS).
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North America is estimated to be the major global car DVR market. The automobile industry is expected to witness growth in the region due to rising population, rising per capita income and improving standard of living. The demand for comfort features in cars and fuel-efficient vehicles has increased accelerating the growth of the global car DVR market. Reducing vehicle weight and increasing energy efficiency is driving the automotive industry. Other factors driving the growth of the global car DVR market include marketing and analytics tools and the active presence of existing players in the market.
Asia-Pacific is estimated to grow at the highest CAGR during the forecast period (2024-2031). This growth is driven by increasing research activities, increasing demand for automotive components. Initiatives by increasing the number of market players to expand their presence in APAC and the high adoption of automotive DVR in many APAC countries because of unsustainable urban use patterns.
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Car DVR Market Drivers
Increasing Awareness among Safety
Increase in Vehicle Theft and Accidents
Car DVR Market Restraints
Privacy Issues and Stringent Regulations
Data Privacy and Cybersecurity Issues
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Thinkware, the leading manufacturer of advanced car DVR systems, and BMW, the famous luxury car manufacturer. Through this partnership, Thinkware offers its state-of-the-art car DVR technology integrated directly into selected BMW vehicles. Thinkware’s expertise in the development of high-quality DVR systems supports BMW’s commitment to offer innovative safety and security features in its vehicles. The partnership enables BMW to enhance its fleet with state-of-the-art recording capabilities, providing drivers with an easy and reliable solution to capture driving footage with Thinkware's DVR system.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Growing concerns about road safety, accidents and insurance claim fraud are driving the demand for vehicle DVR systems. Regulations in some areas requiring DVR systems to be installed in vehicles for security and surveillance purposes are contributing to the market's growth. Continuous advances in camera technology, storage solutions and connectivity features are increasing the capabilities and functionality of automotive DVR systems, to the delight of consumers. The increasing sales of automobiles, especially in emerging markets, is driving a growing demand for automotive DVR products.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 341.2 million |
Market size value in 2032 | USD 1066.53 million |
Growth Rate | 13.5% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Car DVR Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Car DVR Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Car DVR Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Car DVR Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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