Car DVR Market

Car DVR Market Outlook (2024 to 2034)

Revenue from the global car DVR market is estimated to reach US$ 1.86 billion in 2024. The market for digital video recorders is forecasted to climb to a value of US$ 3.08 billion by the end of 2034, expanding at a CAGR of 5.2% over the next ten years.

A car digital video recorder (DVR) is installed in vehicles to capture both front and rear views. These compact devices are easy to mount on the dashboard or windscreen. Acting as silent witnesses, they record footage during accidents, which can be stored on an SD card or internal storage. With wide-angle lenses, car DVRs capture the entire width of the road and its surroundings. Modern digital video recorders include features such as GPS tracking and logging, which are useful in the event of any mishap.

Key Market Growth Drivers

• Several law enforcement agencies use car DVRs for surveillance, patrolling, and monitoring purposes.
• Commercial fleet owners need to take all the precautions against vandalism, theft, and vehicle collisions, which will bode well for car DVR market growth.
• Modern car DVRs are equipped with Internet of Things (IoT) technology to detect errors and protect drivers from unexpected incidents. These devices have in-built WiFi connectivity, allowing them to connect with the driver seamlessly. This technology is also helping drivers stay safer while also providing a more comfortable driving experience.
• Safety concerns while driving are prompting consumers to have a second set of eyes on the road. Car digital video recorders offer low-light capability, ease of operation, high-quality video resolution, and adequate storage capacity. The number of claims with footage has risen dramatically in recent years, indicating that these devices are becoming increasingly popular.
• Advanced car DVRs are expected to gain a significant market share in the coming years. These recorders include GPS logging, audio recording, accelerometers, speed sensors, and uninterruptible power supplies (UPS).
• A built-in GPS is useful for determining a vehicle's location following an incident. Speed sensors and accelerometers keep track of speed and acceleration during transit or in the event of an accident. Uninterruptible power supply allows recording to continue even when the vehicle is parked, thus contributing to the expansion of the car DVR market size.

Report Attribute	Detail
Car DVR Market Size (2024E)	US$ 1.86 Billion
Projected Market Value (2034F)	US$ 3.08 Billion
Global Market Growth Rate (2024 to 2034)	5.2% CAGR
East Asia Market Growth Rate (2024 to 2034)	5.5% CAGR
North America Market Share (2024E)	27.8%
Revenue from Sales of Low-Priced Car DVRs (2024E)	US$ 839.3 Million
Revenue from Single Channel Car DVRs (2024E)	US$ 1.03 Billion
Key Companies Profiled	Amcrest Technologies; Cobra Electronics Corporation; Honeywell International Inc.; Vicor Corporation; iTronics Group Ltd.; WatchGuard Video; Pittasoft Co. Ltd.; PAPAGO Inc.; FINEDIGITAL Inc.; Pittasoft Co. Ltd.; Panasonic Corporation; Cobra Electronics Corporation; DOD Tech; CNS Link Co., Ltd.; Fine Digital, Inc.; 70mai Co., Ltd.; Thinkware.

How is the Rise in Security Threats Driving Market Growth?

“Demand for Advanced Safety and Driver Assistance Features”

DVR technological advancements, as well as smartphone and Wi-Fi connectivity capabilities, are offering opportunities for growth in this market. Countries such as Germany, for example, have a significant growth potential for the car DVR market because the only law governing such cameras in Germany is that they cannot interfere with driving or obstruct the driver's field of vision, the country has also passed legislation allowing DVR footage to be used as evidence in the highest court.

Customers around the world are increasingly expecting advanced safety and driver assistance features in their vehicles, thus setting car DVR market trends. Lane departure warning and collision avoidance are two advanced driver-assistance system features that heavily rely on camera input. Consumers prioritize these features because they improve safety, convenience, and the driving experience. To meet rising consumer expectations for ADAS, automakers are increasingly integrating advanced camera systems into vehicles.

What are the Key Challenges Faced by Manufacturers of Vehicle DVR Systems?

“Vulnerability of Cameras to Cyberattacks and Stringent Regulations Restricting Car DVR Use”

Rise in data privacy concerns, as well as an increase in security threats and hacking, are impeding the growth of the car DVR market. Vehicle cameras are vulnerable to security concerns such as hacking, illegally recording car interior footage, and confidential conversations due to features such as motion sensors, smartphones, and Wi-Fi access to the DVR.

Many countries have strictly prohibited car DVRs in vehicles due to safety and owner privacy concerns. For example, the government strongly discouraged the use of DVR in Switzerland, and it is illegal in Austria, where users face hefty fines. As a result, privacy protection protocols in different countries are impeding car DVR market growth.

Country-wise Insights

North America is expected to hold a car DVR market share of 27.8% in 2024. Asia Pacific is expected to hold a significant market share due to rising product popularity among new vehicle owners which is driving market expansion in the future. Furthermore, rising demand for high-quality car digital video recorders to record travel footage is also driving the market forward.

Rise in fraudulent insurance cases is boosting the adoption of car DVRs. These recorders capture footage in the event of an accident or irresponsible driving behavior by other drivers. The East Asia market is evaluated to expand at a CAGR of 5.5% from 2024 to 2034.

What are the Opportunities for Manufacturers of car DVRs in the United States?

“Insurance Companies Offering Discounts to Drivers Installing DVRs in Their Vehicles”

Attribute	United States
Market Value (2024E)	US$ 356.7 Million
Growth Rate (2024 to 2034)	3.8% CAGR
Projected Value (2034F)	US$ 515.5 Million

The United States is expected to account for 69.1% of the North America market in 2024. Drivers are becoming more aware of the benefits of installing a DVR in their vehicles for safety and security. DVR technology has advanced significantly, with high-definition recording, wide-angle lenses, and features such as GPS tracking becoming the norm in the United States. This has made DVRs more appealing to customers seeking dependable and high-quality recording solutions in the country.

Several insurance companies are also providing discounts to drivers who install DVRs in their vehicles because they aid in proving liability and reducing fraudulent claims. In some states, there is an increasing acceptance of DVR footage as evidence in legal proceedings, which is further pushing the demand for car DVRs.

Why are Conditions Favorable for Market Growth in China?

“Rising Adoption of Front-View Systems in Passenger Cars and Advancements in Computing Power”

Attribute	China
Market Value (2024E)	US$ 269.9 Million
Growth Rate (2024 to 2034)	5.6% CAGR
Projected Value (2034F)	US$ 466.7 Million

With the advancement of computing power and the expansion of front-view system functions, as well as the relative cost advantage, it is estimated that more than a lot of passenger cars in China will be equipped with front-view systems in the years to come. Currently, the front-view monocular solution is the most common solution for Chinese passenger cars, but some companies are also investigating the use of front-view cameras such as binocular cameras.

• Huawei and DJI launched self-developed binocular cameras and solutions in 2021. Binocular cameras from Huawei have been used on the ARCFOX Alpha S. In addition, DJI intends to incorporate the binocular camera autonomous driving solution into Chinese models in 2021.

Category-wise Insights

The market for car DVRs is categorized into low-priced, mid-priced, and high-priced DVRs, of which the low-priced segment is estimated to hold half of the market share in 2024. By product, the market is segmented into single-channel and dual-channel, of which the single-channel segment is set to hold a market share of 55.6% in 2024 and the dual segment accounts for 44.6% share.

Which Price Range is Favored by More Customers?

“High Demand for Basic Recording Capabilities Without Heavy Investment”

Attribute	Low-Priced Car DVRs
Segment Value (2024E)	US$ 839.3 Million
Growth Rate (2024 to 2034)	6.3% CAGR
Projected Value (2034F)	US$ 1.54 Billion

Low-priced car DVRs are set to hold a market share of 45.2% in 2024. Price is an important consideration for many consumers. Low-cost car DVRs are more affordable to a wider range of customers who do not want to invest heavily in a high-end model but still require basic recording capabilities. A lot of low-cost DVRs include essential features such as HD video recording, loop recording (continuous recording over old footage), and a simple display screen.

Many consumers find that these features are sufficient for their needs. Lower-cost DVRs are frequently designed to be simple to install and operate, making them appealing to consumers who are not tech-savvy or prefer a straightforward setup process.

Why are Single-Channel Car DVRs Preferred over Multi-Channel Variants?

“Simplicity of Design and Functionality Associated with Single-Channel DVRs”

Attribute	Single Channel Car DVR
Segment Value (2024E)	US$ 1.03 Billion
Growth Rate (2024 to 2034)	5.8% CAGR
Projected Value (2034F)	US$ 1.81 Billion

Single-channel DVRs are generally more affordable than dual- or multi-channel systems, making them a cost-effective choice for many consumers. With a simpler design and functionality, they focus on recording the road ahead rather than multiple angles at once, which appeals to those looking for a straightforward and budget-friendly option. Installing a single-channel DVR is often simpler and less intrusive than multi-channel systems, which require more wiring and configuration. This simplicity is appealing to customers going for an easy installation process.

Competitive Landscape

Key players in the car DVR market are focusing on introducing highly advanced product lines, complete with high-definition imaging and videography capabilities to provide crystal clear vision.

• Continental AG (Germany) introduced Face Authentication Display in January 2024, a two-stage access control system based on biometric user recognition that makes use of special camera systems mounted externally on the vehicle's B-pillar and behind the driver display console. With biometric face authentication, the vehicle unlocks and starts when a registered user is detected, while driver monitoring is enabled for increased safety.
• Robert Bosch GmbH (Germany) unveiled standalone camera heads at the IAA Mobility 2023 in September 2023. These products support ADAS functionality from SAE levels 0 to 4, with 3 and 8 MP versions that can be scaled up to 12 MP. The standalone camera heads include a tele camera, front and back cameras, a camera wing-back, a camera wing front, and a new range camera.
• Garmin Ltd. unveiled a new dashcam in January 2023 to help drivers keep an eye on their vehicles while they are parked. The Garmin Dash Cam Live is mounted on the inside of a vehicle's windshield and records the road ahead in 1440P resolution using a 140-degree FOV wide-angle lens, day or night.

Fact.MR provides detailed information about the price points of leading manufacturers of car DVRs positioned across the world, sales growth, production capacity, and technological advancements, in this recently updated market report.

Segmentation of Car DVR Market Research

• By Product :

  • Single Channel
  • Dual Channel

• By Price Range :

  • Low-Priced
  • Mid-Priced
  • High-Priced

• By Sales Channel :

  • OEMs
  • Aftermarket

• By Region :

  • North America
  • Latin America
  • East Asia
  • South Asia & Pacific
  • Western Europe
  • Eastern Europe
  • Middle East & Africa