The global in-car DVR market is anticipated to grow at a considerable CAGR of around 6.5% during the forecast period (2024-2031). It is anticipated that the rapid technological advancements and connectivity of DVRs to smartphone and Wi-Fi will attribute to the market growth. The advanced features of DVRs including proximity sensors, motion detection functionality, built-in Wi-Fi and others will boost the demand of DVRs in the market. The growing market of IoT enabled vehicles and autonomous driving systems will drive the application of automotive electronic devices including in-car DVRs, that will contribute to the market growth during the forecast timeframe.
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For instance, in June 2021, Garmin introduced four latest dashcams or DVRs with cloud connected storage in addition to its existing models of DVRs. All newly launched models are compatible with its connected vault, parking guard and live view features. For up to 24 hours, the recorded footage is saved for free in the vault cloud storage. The company also provides video subscriptions to its customers. If an incident is identified while user is gone from the vehicle, the parking guard sends an alert notification to a connected phone via the Garmin Drive app.
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Market Coverage
- Segment Covered-
o By Type
o By Application
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Falcon Zero, ITronics Group, DOD Tech, Pittasoft Co., Ltd., Panasonic Corp., Garmin Ltd., Hunydon Co., Ltd., JADO China, PAPAGO Inc., Shenzhen Zhixingsheng Electronics Co. Ltd., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global In-Car DVR Market Report by Segment
By Type
- Single Chanel
- Dual Channel
By Application
- Passenger Car
- Commercial Vehicle
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