Traffic and crime investigation authorities have been highlighting the significance of installing dash cam and in-car DVR for recording videos in cases of parking mishaps, road accidents, or driving disputes. While this has been the scenario pushing the growth of car DVR market in developed economies, relatively low performing car DVR markets in developing regions are expected to witness gradual progress in the near future. In the recent years, governments and traffic authorities in emerging economies have been promoting the installation of car DVR in vehicle interiors and exteriors to overcome the challenges posed by poor roadway infrastructure.
The study presented by Fact.MR estimates healthy expansion of global car DVR market at 7.5% CAGR over 2017-2022. The global car DVR market revenue is foreseen to approach the valuation equating US$ 1.5 Bn towards 2022 end – predominantly driven by drastically soaring vehicle production, and booming demand for automotive black box or dash cams.
Functional optimization of car DVR devices is currently attracting R&D efforts of several companies, including leading automotive electronics manufacturers. ON Semiconductor, one of the Fortune 500 semiconductor suppliers, has recently registered a successful attempt of the incorporation of image sensors into in-car DVRs with an objective to achieve enhanced functionality.
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The company’s AR0237AT image sensor, which is the latest version of its AR0237 2.1-Mpixel CMOS image sensor, has been optimized for bespoke deployment in the in-built dash cam. This image sensor added to an OEM-fitted in-car DVR provides a still image capture, in addition to full HD quality video recording. Furthermore, its coupling with the DVR processor also offers a unique filter and low-light performance – attributed to the company’s Clarity+ technology. This technology allows optimization of the SNR (signal-to-noise ratio) of automotive imaging, responsible for a surplus 2x increased light capturing capability.
While IoT and IoE enabled vehicles, and connected car and autonomous driving technologies are supposed to be stepping out of their infancy anytime soon, the applicability of automotive electronic devices such as car DVR is most likely to gear up in full speed. With emergence of a heap of applications in futuristic on-road cars and a pool of untapped safety and security concerns associated with the implementation of car DVRs, the global car DVR market is expected to witness multiple opportunities in terms of car DVR security and vulnerability.
For instance, FossilShale – a leading embedded systems design innovator, has brought to the market a complete range of dual and multi-channel, HD resolution, real-time car DVR offerings – specifically designed for connected cars, which claim to possess cumulative capabilities such as accurate object detection, vision, and long and short-range RADAR. Moreover, recently registered innovations such as cloud supported wireless mini-car DVR that has an HD 4G camera are believed to be the game changers in the automotive surveillance sector.
For better understanding of the intensity of competition and comprehending a broader view of the key focus enabling companies to survive the competitive scenario in the global car DVR market landscape, the report on car DVR market provides an all-inclusive picture of the market competition. While this section of the report covers company profiles, financials, and strategic developments of some of the leading market players, it aims to offer an added value to the strategic efforts of key players across the value chain in car DVR market.
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.
While a majority of the competitors in the global car DVR market landscape are including product offerings that come as in-built DVRs, many are concentrating their strategic efforts in the aftermarket sales segment of the car DVR market. Some of the key players are considering extension of their existing offerings with bespoke and scalable car VDR solutions to meet evolving car DVR requirements of Tier 1 suppliers, OEMs, and leading aftermarket product manufacturers.
Observing swelling demand for low-priced car DVR installations among consumers based in emerging economies, companies are investing in the development of affordable pricing strategy. Moreover, sustained traction for single-channel car DVR devices will continue to prompt manufacturers to continue technology innovations in single-channel car DVRs throughout the forecast period.
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Car DVR Market 2019 by growth, services, and key companies analysis
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