Global Accident Recorders Market Overview
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.
Global Accident Recorders Market Dynamics
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.
Global Accident Recorders Market Segmentation
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
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:
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
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.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2029 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2029 |
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Market Segmentation |
By Type - Single Channel and Dual Channel By Application - Passenger Car (PC), Light Commercial Vehicle (LCV), and Heavy Commercial Vehicle (HCV) |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
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 2019 to 2029. For the purpose of this study, has segmented the global accident recorders market report based on type, application, and region.
Global Accident Recorders Market, By Type:
- Single Channel
- Dual Channel
Global Accident Recorders Market, By Application:
- Passenger Car (PC)
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
Global Accident Recorders Market, By Region:
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-
- North America
-
- U.S.
- Canada
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Accident Recorders Market Key Players
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.
Global Accident Recorders Market Company Profile
- Continental
- Company Overview
- Product Type Portfolio
- Key Highlights
- Financial PerRaw Materialance
- Business Strategies
- Blackbox Guard Inc.
- Delphi Technologies
- BlackVue
- Papago Inc.
- Spy Tec
- Thinkware
- WickedHD
- Garmin International, Inc.
- Valeo
“*” marked represents similar segmentation in other categories in the respective section
Global Accident Recorders Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Accident Recorders Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Accident Recorders Market, By Type, 2020 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2029
- Y-o-Y Growth Analysis (%), 2020 – 2029
- Segment Trends
- Single Channel
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
- Dual Channel
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
- Overview
- Global Accident Recorders Market, By Application, 2020 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2029
- Y-o-Y Growth Analysis (%), 2020 – 2029
- Segment Trends
- Passenger Car (PC)
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
- Light Commercial Vehicle (LCV)
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
- Heavy Commercial Vehicle (HCV)
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
- Overview
- Global Accident Recorders Market, By Region, 2020 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2029
- Y-o-Y Growth Analysis (%), 2020 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2029
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2029
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- Continental
- Company Overview
- Type Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Blackbox Guard Inc.
- Delphi Technologies
- BlackVue
- Papago Inc.
- Spy Tec
- Thinkware
- WickedHD
- Garmin International, Inc.
- Valeo
- Continental
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- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Accident Recorders Market is segmented into Type, Application, and Region.
Growing emphasis on road safety, demand for real-time incident documentation, and the adoption of accident recorders for fleet management and insurance purposes drive the growth of the accident recorders market globally.
Challenges include potential privacy concerns, integration complexities with existing vehicle systems, and the need for standardized regulations, posing global restraints in the accident recorders market.
By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.
The key players operating the target market includes, Continental, Blackbox Guard Inc., Delphi Technologies, BlackVue, Papago Inc., Spy Tec, Thinkware, WickedHD, Garmin International, Inc., and Valeo.