The report highlights the increasing adoption of drive recorders owing to the advancements in technology including high-resolution 4K UHD cameras and 4G LTE connectivity that enables real-time monitoring of the system. Consegic Business Intelligence provides an inclusive research report on the drive recorder market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
The report analyses significant segments such as type, vehicle type, application, and region, to identify emerging trends and potential opportunities. The triple-channel dashcam segment is expected to grow during the forecast period owing to the ability of the dashcams to record both the front and rear views simultaneously at high resolution. Moreover, the advancements in battery technology including the emergence of ECO mode that reduces power consumption, resulting in battery savings is further contributing to the growth of the market.Get Free Sample
|Report Attributes||Report Details|
|By Type||Single Channel Dashcam, Double Channel Dashcam, and Triple-channel Dashcam|
|By Vehicle Type||Passenger Cars and Commercial Vehicles|
|By Application||Travel Monitoring, Parking Monitoring, Photography Entertainment, and Other|
|By Region||North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa|
The landscape for drive recorder market is highly competitive with major players including Gatekeeper Systems, IMAGO Technologies GmbH, Garmin International, Inc., and Samsung Group that have a strong market position in current market circumstances. Further, the drive recorder market is expected to witness significant growth in coming years owing to the increasing adoption of dashcams to improve the safety and security of vehicles. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments in the drive recorder market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.