The global Car Dvr market is expected to be worth US$ 1.5 Bn in 2022 and is expected to reach US$ 2.49 Bn by 2032, growing at a CAGR of 5.2% during the forecast period 2022-2032.

Fact.MR, a supplier of market research and competitive data, estimates that from 2017 to 2021, sales of automobile DVR increased at a CAGR of 7.5%. The market has seen a wide range of prospects in terms of security and vulnerability over the past few years due to the advent of a deluge of applications in future on-road vehicles and a pool of untapped safety and security problems related with the adoption of car DVRs.

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The worst of the COVID-19 pandemic saw prospects dramatically decline, which was ascribed to a significant slowdown brought on by the introduction of obligatory statewide lockdowns in the first half of 2020. Prospects eventually improved when industrial activity was allowed to resume as infection rates eventually started to decline and more people started being immunized.

The Car DVR Market report profiles the successive companies, which includes: –

• Amcrest Technologies
• Cobra Electronics Corporation
• Honeywell International Inc.
• Vicor Corporation
• iTronics Group Ltd.
• WatchGuard Video
• Pittasoft Co. Ltd.
• PAPAGO Inc.
• FINEDIGITAL Inc.

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Due to its capacity to capture clear film of traffic incidents, car dashboard cameras are frequently used in vehicles. In the event of an accident, this video can be utilized as evidence in federal courts for insurance claims. The clips from these cameras must be stored on a memory card. Due to the increased legal protection it offers in the event of an accident or traffic death, this technology is becoming more and more popular among car owners. According to the analysis, the industry is anticipated to grow 1.6 times between 2022 and 2032.

Key Segments Covered in the Car DVR Industry Survey

• By Product Type
  • Single Channel Car DVR
  • Dual Channel Car DVR
• By Price Range
  • Low-Priced Car DVR
  • Mid-Priced Car DVR
  • High-Priced Car DVR
• By Sales Channel
  • Car DVR Sales via OEMs
  • Car DVR Sales via Aftermarket

Category-wise Insights

Will Passenger Vehicle Segment hold High Demand?

Commercial vehicles and passenger cars are the two segments of the market. In 2022 and thereafter, the passenger car sector is anticipated to account for 63% of total market revenue for the projected period.

Increased consumer knowledge of the advantages of car DVRs along with international standards and rules governing road safety have led to an increase in product demand in the passenger car market. Additionally, the use of car DVRs among owners of personal vehicles is projected to rise as a result of the integration of in-vehicle recorders with various driver aid features.

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