According to a market report by Lucintel, the future of the global car digital video recorder market looks promising with opportunities in the basic, advanced, and smart markets. The global car digital video recorder market is expected to reach an estimated $6.0 billion by 2030 with a CAGR of 8.7% from 2024 to 2030. The major drivers for this market are rising vehicle thefts and road accidents, growing awareness regarding safety within vehicles, as well as, technological development in DVRs and smartphones & Wi-Fi connectivity capabilities.

A more than 150 – page report is developed to understand trends, opportunity and forecast in car digital video recorder market to 2030 by channel (single channel, and dual channel), technology (basic, advanced, and smart), and region (North America, Europe, Asia Pacific, and the Rest of the World).
In this market, single channel and dual channel are the major segments of car digital video recorder market by Channel. Lucintel forecasts that single channel will remain the largest segment over the forecast period.

Within this market, advanced will remain the larger segment due to these devices are equipped with various features, including GPS logging, audio recording capabilities, accelerometers, speed sensors, and an uninterruptible power supply (UPS).

APAC is expected to witness higher growth over the forecast period due to concentration of leading vendors in countries like China, Korea, and Taiwan, rising demand for in-vehicle camera systems in the region, as well as, supportive government regulations that encourage the adoption of these camera systems in countries such as India and Korea.

Garmin, Nextbase, Pittasoft, Panasonic, Cobra Electronics, DOD Tech, CNS Link, Fine Digital, and Thinkware are the major suppliers in the car digital video recorder market.

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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]