Fact.MR has recently published a market research study examining the global scenario for car DVR (digital video recorder). This report on the global car DVR market renders a wealth of in-depth and insightful information on the several aspects of the global market for car DVR. The insights provided in the car DVR market report intend to help report readers, who are mostly the participants of the global car DVR marketplace, better comprehend the immediate historic, current, and futuristic market situation. . The approximately US$ 1 Bn market for car DVR will possibly reach US$ 1.5 Bn towards the end of 2022, witnessing an impressive expansion at 7.5% CAGR over 2017-2022.
ls across the globe. Car DVRs have become indispensable to insurance companies and the legal system in the occurrence of accident. Car DVRs have been aiding in providing information with respect to drivers’ response during an accident and offering invaluable information regarding functionality of key safety systems. As such, car manufacturers are paying heed to the popularity of car DVRs.
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The soaring growth of Car DVR Market is attributed to highly integrated system on chip (SoC) processors, enhanced image sensor quality, low power consumption and video compression techniques. Moreover, addition of advanced algorithms to cameras has made it easier to spot people, objects and sounds around the periphery.
The car DVR market report indicates that the global revenue amass majorly from single-channel car DVR sales, reflecting a higher value share in the car DVR marker revenue. Although it is most likely that dual-channel car DVR sales will exhibit a higher value CAGR over the forecast period, the study reaffirms continued dominance of single-channel car DVR – owing to easy installation, low maintenance, less demanding data backup requirement, and low price point. Over the next few years, car owners will continue to sustain the demand for installation of single-channel car DVR on windshield for insurance oriented evidences.
Car DVR Market: Overview
This report offers a thorough analysis on Car DVR market underpinned by quantitative and qualitative assessment. Further, the report shows the dynamics of the market, encompassing drivers, trends, opportunities, and restraints that have significant influence in the development of Car DVR market. The report also incorporates segmentation of the market to provide a comprehensive analysis of the Car DVR.
As passenger cars continue to record a massive number of instances involving road accidents and mishaps globally, maximum revenue contribution of PCs in car DVR market will persist through 2022. While over two-third of the car DVR market value is anticipated to come from PCs, a major boost is likely to be provided by car DVR installations expected in the aftermarket segment. Moreover, a remarkable sale of car DVR is foreseen to uplift the commercial vehicles segment in the foreseeable future. Escalating importance of having recorded evidences in vandalism or accident investigations will continue to provide the root proponent driving adoption of car DVR through upcoming years.
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The report incorporates executive summary and market overview section. The Car DVR market overview section elucidates key trend analysis, value chain analysis and Porters’ Five Force Analysis. Essentially, Porters’ Five Force Analysis provides actionable insights on competitive landscape of the Car DVR market. Furthermore, the report also encompasses the market attractiveness analysis as well as market outlook. The report also includes market value projection and pricing analysis. The report also offers analysis on supply chain and pricing analysis and cost structure analysis.
The report delves into macroeconomic factors such as profitability of enterprises and economic outlook. Moreover, the macroeconomic factors also provides an in-depth assessment on inflation and deflation. The report also peruses into the complex eco-system and risk mitigation to further elucidate the Car DVR market.
Car DVR Market: Competitive Landscape
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 are among the key companies that have been covered in the competition tracking section of car DVR market report.
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Car DVR Market: North America and Europe Accounting for a Substantial Collective Share
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