A latest research report titled as ”Car DVR Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” has been recently added to the vast portfolio of Fact.MR online research offerings. This report is a professional and in-depth analysis on the present state and future prospect for the global market. It provides valuable information to the industry insiders, potential entrants or investors. It includes an exhaustive enquiry with the reliability of logic and the comprehensiveness of contents.
Car DVRs are compact cameras connected to the dashboard or the windshield that record the video and store it in digital format. These cameras are prominently used for capturing road mishaps or activities that may have led to such accidents. Videos retrieved from car DVRs are critically useful in accident investigation and crash analysis.
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The Fact.MR report on global car DVR market projects that in 2017, over US$ 1 Bn worth of car DVRs will be sold across the globe. The demand for black boxes or dash cams is expected to rise on the account of rising toll of accidents. By the end of 2022, the global market for car DVR is likely to have soared at a robust CAGR, reaching US$ 1.5 Bn in value.
9 insights from Fact.MR’s report on the global car DVR market:
1- Although single-channel car DVR will remain sought-after in the global market, sales of dual-channel car DVR are expected to register fastest expansion through 2022. Revenues generated by sales of single channel car DVR are expected to reach one billion dollar mark by 2022-end.
2- By price range, low-priced car DVR are expected to remain dominant in the market, expanding at high single-digit CAGR through 2022. In addition, sales of mid-priced car DVR will reach US$ 430.9 Mn in revenues by 2022-end.
3- By vehicle type, sales of DVR will be higher in passenger car segment vis-à-vis commercial segment. Revenues from commercial vehicle segment will remain comparatively lower, expanding at impressive CAGR through 2022.
4- Based on sales channel, aftermarket is projected to register highest CAGR in the market to reach revenues worth US$ 357 Mn in 2017. However, OEM will continue to be the largest segment in terms of revenues.
5- North America will continue to remain dominant in the global car DVR market. Sales of car DVR in this region is estimated to exhibit healthy CAGR through 2022.
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6- The car DVR market is estimated to reach US$ 375.1 Mn in revenues by 2022-end. Sales of car DVR in Europe will continue to be influenced by rising consumer awareness and availability of affordable DVR in aftermarket.
7- Asia Pacific excluding Japan remains a lucrative market for manufacturers, owing to high automotive sales in emerging economies of China and India. Owing to the price-sensitivity of the consumers, manufacturers are focusing on providing a range of features at affordable costs. As a result, inclusion of features, such as airbags, music systems, and DVRs is gaining traction.
8- Sales of car DVR in Japan are expected to register stellar CAGR through 2022. The Japan car DVR market is expected to surpass US$ 125 Mn by 2022-end.
9- Key market players identified in the report include Amcrest Technologies, Cobra Electronics Corporation, Honeywell International, Inc., Vicord, ITronics Group Ltd, WatchGuard Video, Pittasoft Co. Ltd., PAPAGO Inc., and FINEDIGITAL Inc.
Competition Tracking
The report has also profiled prominent players in the global market for car DVRs, which include companies such as Honeywell, Panasonic Corporation, Garmin Ltd., Amcrest Technologies, Cobra Electronics Corporation, Lukas, ITronics Group, Hdigital-eye ltd. (VicoVation), WatchGuard Video, Blackvue, PAPAGO Inc., Fine Digital Inc., Qrontech Co. Ltd., ABEO Technology Co., Ltd., and CNSLink.
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