Automotive Recorder Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 5.2 Billion by 2030, growing at a CAGR of 9.8% from 2024 to 2030.
Looking forward to the period from 2023 to 2033, the automotive recorder market is expected to experience even higher growth. Factors such as the global shift toward autonomous vehicles, the need for enhanced in-car safety features, and regulatory pressures on manufacturers will likely drive increased demand for automotive recorders. Technologies like artificial intelligence, machine learning, and advanced sensor systems will revolutionize how data is captured and analyzed in vehicles. Moreover, with growing consumer awareness about vehicle safety and security, the adoption of automotive recorders is predicted to be more widespread.
As autonomous driving becomes more prevalent, the demand for automotive recorders is projected to intensify. The systems will be vital for recording vehicle interactions with the environment, ensuring the safe operation of self-driving cars. Event data recorders will play a crucial role in capturing critical data during accidents, offering valuable information for accident investigation and legal proceedings. The global automotive recorder market is also expected to expand with innovations in cloud storage and real-time analytics, which will enhance the efficiency and usability of automotive recorder systems.
Furthermore, the rise in electric vehicles (EVs) and the integration of smart technologies will offer new growth opportunities. As automakers focus on delivering smart, connected, and efficient vehicles, the demand for sophisticated automotive recorder systems that can capture data related to battery performance, powertrain efficiency, and energy consumption will increase. The future of the automotive recorder market is undeniably tied to technological advancements, creating a dynamic environment for innovation and market competition.
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The automotive recorder market has seen substantial growth between 2018 and 2022, driven by the rising demand for vehicle safety, security, and operational monitoring systems. As automotive manufacturers increasingly integrate advanced technologies into vehicles, the need for efficient, high-quality recording systems has surged. This market's evolution highlights an important trend: the adoption of real-time data capture and analysis tools, essential for enhancing driver safety and providing valuable insights into vehicle performance.
During 2018 to 2022, the automotive recorder market witnessed a steady increase in demand. The growth was largely propelled by the rise of connected vehicles and the growing importance of data storage systems, especially for surveillance and accident documentation purposes. With regulations tightening on vehicle safety standards, automotive recorder systems became an integral component of modern vehicles. Additionally, innovations such as dashcams, event data recorders (EDRs), and in-car video surveillance systems became mainstream, paving the way for market expansion.
Kenwood
Beijing Qihu Keji Co. Ltd.
Thinkware
Nextbase
Blackview
Philips
Shenzhen Firstscene Technology Co.
Ltd
Garmin
Comtec
Yupiteru
Pittasoft
HP Image Solution
SAST
JADO
Cobra Electronics
REXING
DDPAI
DOD Tech
Fine Digital
Hunydon
DAZA
Xiaoyi Technology co.
LTD
PAPAGO
Sunvalley
Qrontech
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive Recorder Market
Passenger Car
Commercial Vehicle
Based on Types the Market is categorized into Below types that held the largest Automotive Recorder market share In 2023.
Single Channel
Multi-Channel
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automotive Recorder Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automotive Recorder Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Recorder Market, By Type
6. Global Automotive Recorder Market, By Application
7. Global Automotive Recorder Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automotive Recorder Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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