Accident Recorders Market Size and Share, By Type (Single Channel and Dual Channel), By Application (Passenger Car (PC), Light Commercial Vehicle (LCV), and Heavy Commercial Vehicle (HCV)), and By Region - Trends, Analysis and Forecast till 2034

Accident Recorders Market accounted For USD 2.91 Billion In 2022 and Is estimated to be USD 6.0 Billion by 2032 And is anticipated to register a Cagr of 7.5%.

Accident recorders helps in recording and saving complete data of incident and events that occurred before, during and after the crash. Further, the captured data is delivered from investigator to regulatory authorities and vehicle owners to determine main reason of crash. Previously used information recorders did not have feature to record video date or time, and GPS data. Whereas accident recorders have capability to record video outside as well as inside the vehicle while following the time and area of the vehicle.

Increasing incidence of road accidents

According to CDC report, every day about 9 death and 1000 injuries occur due to crashes in the U.S. This statics is completely dependent on the cases of distracted driving. Due to growth in the incidences of distracted driving worldwide, the automotive industry is vigorously involved in the installation of precautionary and safety measures in the vehicles. Additionally, incidences of self-driving car crashes and regulation on mandatory installation of accident recorders in race cars are likely to propel adoption of accident recorders over the forecast period.

Fleet business drives installation of accident recorders

E-commerce expansion, growth in trading activities, and growth of warehousing industry have fueled the growth of fleet industry, owing to this the fleet management market represents wide opportunities in term of revenue generation in near future. Various companies that are reliant on the fleet industry are suffering from increased costs of automobile insurance. Moreover, if a driver is involved in a crash, stringent regulations and increasing awareness of corporate liability can add to company cost. There are various fleet management providers that provides services to install affordable and advanced accident recorders in fleet vehicles. This helps companies to considerably decrease claim costs of any uneventful crash.

The global accident recorders market is segmented based on type, application, and region.

On the basis of type, the global accident recorders market is segmented into single channel and dual channel. On the basis of application, the target market is classified into passenger car (PC), light commercial vehicle (LCV), and heavy commercial vehicle (HCV).

Regional Insights:

On region the global accident recorders market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is projected to witness for major share in terms of revenue in the coming years, owing to number of vehicles on the road and increasing number of accidents, drink and drive cases, etc. The market in Asia Pacific is expected to account substantial growth rate over the format period, due to presence of large number of vehicles and fleet services particularly in India and China. Online food delivery services, e -commerce services, and shuttle services are also expanding in the Asia Pacific market which is anticipated to lead in higher adoption of accident recorders. The market in Europe is projected to register for moderate revenue share and witness significant growth rate throughout the forecast period.

Accident Recorders Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest application trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the global accident recorders market report based on type, application, and region.

Accident Recorders Market, By Type:

• Single Channel
• Dual Channel

Accident Recorders Market, By Application:

• Passenger Car (PC)
• Light Commercial Vehicle (LCV)
• Heavy Commercial Vehicle (HCV)

Accident Recorders Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

The key players operating the global accident recorders market includes Continental, Blackbox Guard Inc., Delphi Technologies, BlackVue, Papago Inc., Spy Tec, Thinkware, WickedHD, Garmin International, Inc., and Valeo. Prominent players are involved in launching various new technologies in order to expand its market presence. Fleet Complete developed a new real-time video analytics solution Fleet Complete VisionTM. A combination of mobile video technology and telematics data increases driver risk management and fleet safety. The product is measured as a complete solution manufactured to improve operational safety and accident management for fleet owners across several industries.

• Continental
• Blackbox Guard Inc.
• Delphi Technologies
• BlackVue
• Papago Inc.
• Spy Tec
• Thinkware
• WickedHD
• Garmin International, Inc.
• Valeo