Accident Recorders Market
Accident Recorders Market Analysis By Product (Single Channel, Dual Channel), By Application (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), & By Region - Global Forecast 2022 to 2032
Analysis of Accident Recorders market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Accident Recorders Market Outlook (2022 to 2032)
Worldwide consumption of accident recorders currently stands at a value of US$ 2.91 billion. The global accident recorders market is predicted to increase at a high CAGR of 7.3% to reach US$ 5.89 billion by 2032.
The lives of almost 1.3 million people are ended prematurely every year as a result of traffic accidents. An extra 20 to 50 million people suffer non-fatal injuries, many of whom suffer from disabilities. Around 8% of the global recorders market is comprised of accident recorders.
| Attribute | Detail |
|---|---|
| Accident Recorders Market Size (2022E) | US$ 2.91 Billion |
| Forecasted Market Value (2032F) | US$ 5.89 Billion |
| Global Market Growth Rate (2022 to 2032) | 7.3% CAGR |
| North America Market Share (2022) | 32.7% |
| Europe Market Share (2022) | 27.6% |
| Market Share of Top 3 Countries | 37% |
| Key Companies Profiled | Delphi Technologies; Continental; Blackbox Guard; BlackVue; Garmin; Papgo; Spy Tec; Thinkware; Wicked HD; Valeo; Clarion; Eken; RoadHawk; Transcend; Old Shark |
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Accident Recorder Demand Analysis (2017 to 2021) Vs. Market Forecasts (2022 to 2032)
Road fatalities continue to be mostly caused by distracted driving, which has led to the installation of safety and preventative measures in cars.
Accident recorders provide a significant source of information for car owners and regulatory authorities to identify the true reason for any collision. They save precise information before, during, and after the crash.
Accident recorders store the data they capture in the brief seconds before and/or after any automobile accident. The market for accident recorders is anticipated to expand rapidly as a result of their several advantages.
Electric in-cabin informational components are becoming increasingly common in the rapidly developing automobile industry, which may open the door for more widespread use of smart accident recorders. The market for accident recorders offers several profitable opportunities in the future.
Expanding at a CAGR of 7.3%, the global accident recorders market is projected to increase from a valuation of US$ 2.91 billion in 2022 to US$ 5.89 billion by 2032.
What’s Influencing Accident Recorders Market Growth?
“Increased Trading Activities, e-Commerce Expansion, & Rising Fear of Unwanted Crashes Driving Accident Recorder Sales”
Growth of the fleet industry has been fuelled by increased trading operations, the expansion of e-commerce, and the growth of the warehousing sector. As a result, the market for fleet management has tremendous potential for future income creation. Many businesses that depend on the fleet sector must deal with increased auto insurance premiums.
Furthermore, strict laws and a growing understanding of corporate liability may increase costs for a firm if a driver is involved in an accident. Many fleet management companies offer services to install high-tech, reasonably priced accident recorders in fleet cars. This lets businesses drastically cut the expense of any unimportant crash claim.
Self-driving cars pose foreseeable risks of experiencing an uninvolved crash while being the pinnacle of automation in the automobile industry. This has raised worries among automakers of both autonomous and non-automated vehicles, and it will probably lead to a rise in the use of accident recorders in the future.
“Technical Errors Caused after Incident Slowing Down Detection Process”
The primary factor anticipated to restrain the growth of the global accident recorders market during the projected period is technical concerns with accident recorders.
Even though an accident recorder is an essential tool for recording important information, the date and timing of the events it captures are frequently discovered to be inaccurate.
Particularly when several objects are involved in a vehicle crash, this occurs, and data is repeatedly overwritten. Furthermore, the electrical system of the car is impacted by these hits and vehicle motions, resulting in inaccurate data.
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What Opportunities Await New Manufacturers of Accident Recorders?
“Smart Software Integration & Need for Cost-effective Accident Recorders”
The arrival of affordable products is anticipated to create a favourable market scenario soon. Due to their high cost and poor efficiency, accident recorders are used with caution by law enforcement authorities.
Companies can invest in R&D initiatives to develop affordable accident recorder products to obtain a major competitive edge. Smart software integration is also anticipated to increase profit margins and open up significant growth prospects for new market participants.
How is the Accident Recorders Market Expanding on a Regional Level?
“Rapidly Expanding Automotive Industry & Rising Incidence of Road Accidents in North America”
In 2022, North America is likely to account for 32.7% of the global market share.
- According to injuryfacts.nsc.org, the number of miles traveled in the United States in April 2022 rose by 1.5% as compared to April 2021, but was still down 3.8% from 2019 (pre-pandemic norms). 3,460 deaths were predicted to occur by April 2022. This early projection shows a decrease of 11% from 2021 but an increase of 35% from 2020.
The automobile industry is actively involved in the installation of safety and preventative measures in vehicles due to growing rates of distracted driving.
Europe is expected to account for 27.6% of the global market share. Europe's automobile market is expanding rapidly in terms of vehicle production.
- The French government enacted European Regulation 2019/2144 (the "Regulation"), which specifies standards for the licensing of motor vehicles by Member State National Authorities, into law on April 14, 2021, by an Ordinance. By July 2022, all new cars sold in the European Union must contain an "Electronic Data Recorder," as required by this regulation.
The European Union is following the example set by American regulators, where Event Data Recorders are required in all new cars and are already present in more than 90% of lightweight cars.
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Which Product Type Accounts for Highest Demand?
“Single Channel Accident Recorders Highly Demanded Due to Several Advantages”
Single channel based on black box technology is used to record information about the dynamics of auto accidents.
Before an accident happens, information is intended to be recorded, stored, and analyzed, which aids in a better understanding of accidents.
Insurance firms can use this information for underwriting or claims, fleet managers can use it to raise safety standards, law enforcement can use it to investigate traffic infractions, and automakers can use it to enhance their current models.
Vehicles can be equipped with dual channel accident recorders to keep track of the number of collisions. These recorders capture information on the vehicle's speed, acceleration, and braking after an accident, which aids investigating agencies in determining what caused the collisions.
Competitive Landscape
The emergence of several local and regional companies has led to the highly fragmented and competitive nature of the global accident recorders market. Major players use a variety of marketing tactics, including mergers & acquisitions, expansions, partnerships, and collaborations.
Additionally, the top businesses use new product innovation as a strategic way to enhance their market position among consumers. Accident recording devices have become more popular as a result of these tactics.
- In 2022, Dragonfly Technologies' acquisition by BlackBox Guard was announced. This acquisition will help the business expand its footprint in the area and improve its expertise in areas such as enterprise networking, automation & consulting, and cyber security.
Key Segments Covered in Accident Recorders Industry Research
-
Accident Recorders Market by Product :
- Single Channel Accident Recorders
- Dual Channel Accident Recorders
-
Accident Recorders Market by Application :
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
-
Accident Recorders Market by Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Product
- 9.1. Single Channel Accident Recorders
- 9.2. Dual Channel Accident Recorders
- 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Application
- 10.1. Passenger Cars
- 10.2. Light Commercial Vehicles
- 11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 13. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 14. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 15. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 16. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 17. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 18. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 19. Key and Emerging Countries Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Delphi Technologies
- 21.2. Continental
- 21.3. Blackbox Guard
- 21.4. BlackVue
- 21.5. Garmin
- 21.6. Papgo
- 21.7. Spy Tec
- 21.8. Thinkware
- 21.9. Wicked HD
- 21.10. Valeo
- 21.11. Clarion
- 21.12. Eken
- 21.13. RoadHawk
- 21.14. Transcend
- 21.15. Old Shark
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2017 to 2032, By Product
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 08: Latin America Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 11: Europe Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 14: South Asia Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 17: East Asia Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 20: Oceania Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2017 to 2021
Figure 02: Global Market Volume Forecast (in 000' Units), 2022 to 2032
Figure 03: Pricing Analysis (US$) Per Product, By Region, 2021
Figure 04: Pricing Analysis (US$) Per Product, By Region, 2021
Figure 05: Global Market Value Analysis (US$ Mn), 2017 to 2021
Figure 06: Global Market Value Forecast (US$ Mn), 2022 to 2032
Figure 07: Global Market Absolute $ Opportunity, 2022 to 2032
Figure 08: Global Market Share Analysis (%), By Product, 2022 to 2032
Figure 09: Global Market Y-o-Y Analysis (%), By Product, 2022 to 2032
Figure 10: Global Market Attractiveness Analysis by Product, 2022 to 2032
Figure 11: Global Market Share Analysis (%), By Application, 2022 to 2032
Figure 12: Global Market Y-o-Y Analysis (%), By Application, 2022 to 2032
Figure 13: Global Market Attractiveness Analysis by Application, 2022 to 2032
Figure 14: Global Market Share Analysis (%), By Region, 2022 to 2032
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2022 to 2032
Figure 16: Global Market Attractiveness Analysis by Region, 2022 to 2032
Figure 17: North America Market Value Share, By Product, 2022 (E)
Figure 18: North America Market Value Share, By Application, 2022 (E)
Figure 19: North America Market Value Share, By Country, 2022 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2017 to 2021
Figure 21: North America Market Value Forecast (US$ Mn), 2022 to 2032
Figure 22: North America Market Attractiveness Analysis by Product, 2022 to 2032
Figure 23: North America Market Attractiveness Analysis by Application, 2022 to 2032
Figure 24: North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 25: Latin America Market Value Share, By Product, 2022 (E)
Figure 26: Latin America Market Value Share, By Application, 2022 (E)
Figure 27: Latin America Market Value Share, By Country, 2022 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2017 to 2021
Figure 29: Latin America Market Value Forecast (US$ Mn), 2022 to 2032
Figure 30: Latin America Market Attractiveness Analysis by Product, 2022 to 2032
Figure 31: Latin America Market Attractiveness Analysis by Application, 2022 to 2032
Figure 32: Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 33: Europe Market Value Share, By Product, 2022 (E)
Figure 34: Europe Market Value Share, By Application, 2022 (E)
Figure 35: Europe Market Value Share, By Country, 2022 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2017 to 2021
Figure 37: Europe Market Value Forecast (US$ Mn), 2022 to 2032
Figure 38: Europe Market Attractiveness Analysis by Product, 2022 to 2032
Figure 39: Europe Market Attractiveness Analysis by Application, 2022 to 2032
Figure 40: Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 41: South Asia Market Value Share, By Product, 2022 (E)
Figure 42: South Asia Market Value Share, By Application, 2022 (E)
Figure 43: South Asia Market Value Share, By Country, 2022 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2017 to 2021
Figure 45: South Asia Market Value Forecast (US$ Mn), 2022 to 2032
Figure 46: South Asia Market Attractiveness Analysis by Product, 2022 to 2032
Figure 47: South Asia Market Attractiveness Analysis by Application, 2022 to 2032
Figure 48: South Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 49: East Asia Market Value Share, By Product, 2022 (E)
Figure 50: East Asia Market Value Share, By Application, 2022 (E)
Figure 51: East Asia Market Value Share, By Country, 2022 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2017 to 2021
Figure 53: East Asia Market Value Forecast (US$ Mn), 2022 to 2032
Figure 54: East Asia Market Attractiveness Analysis by Product, 2022 to 2032
Figure 55: East Asia Market Attractiveness Analysis by Application, 2022 to 2032
Figure 56: East Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 57: Oceania Market Value Share, By Product, 2022 (E)
Figure 58: Oceania Market Value Share, By Application, 2022 (E)
Figure 59: Oceania Market Value Share, By Country, 2022 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2017 to 2021
Figure 61: Oceania Market Value Forecast (US$ Mn), 2022 to 2032
Figure 62: Oceania Market Attractiveness Analysis by Product, 2022 to 2032
Figure 63: Oceania Market Attractiveness Analysis by Application, 2022 to 2032
Figure 64: Oceania Market Attractiveness Analysis by Country, 2022 to 2032
Figure 65: Middle East and Africa Market Value Share, By Product, 2022 (E)
Figure 66: Middle East and Africa Market Value Share, By Application, 2022 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2022 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2017 to 2021
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2022 to 2032
Figure 70: Middle East and Africa Market Attractiveness Analysis by Product, 2022 to 2032
Figure 71: Middle East and Africa Market Attractiveness Analysis by Application, 2022 to 2032
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2022 to 2032
Figure 73: U. S. Market Value Analysis (US$ Mn), 2022 & 2032
Figure 74: U. S. Market Value Share, By Product, 2022 (E)
Figure 75: U. S. Market Value Share, By Application, 2022 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2022 & 2032
Figure 77: Canada Market Value Share, By Product, 2022 (E)
Figure 78: Canada Market Value Share, By Application, 2022 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2022 & 2032
Figure 80: Mexico Market Value Share, By Product, 2022 (E)
Figure 81: Mexico Market Value Share, By Application, 2022 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2022 & 2032
Figure 83: Brazil Market Value Share, By Product, 2022 (E)
Figure 84: Brazil Market Value Share, By Application, 2022 (E)
Figure 85: U. K. Market Value Analysis (US$ Mn), 2022 & 2032
Figure 86: U. K. Market Value Share, By Product, 2022 (E)
Figure 87: U. K. Market Value Share, By Application, 2022 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2022 & 2032
Figure 89: Germany Market Value Share, By Product, 2022 (E)
Figure 90: Germany Market Value Share, By Application, 2022 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2022 & 2032
Figure 92: France Market Value Share, By Product, 2022 (E)
Figure 93: France Market Value Share, By Application, 2022 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2022 & 2032
Figure 95: Italy Market Value Share, By Product, 2022 (E)
Figure 96: Italy Market Value Share, By Application, 2022 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2022 & 2032
Figure 98: Spain Market Value Share, By Product, 2022 (E)
Figure 99: Spain Market Value Share, By Application, 2022 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2022 & 2032
Figure 101: Russia Market Value Share, By Product, 2022 (E)
Figure 102: Russia Market Value Share, By Application, 2022 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2022 & 2032
Figure 104: China Market Value Share, By Product, 2022 (E)
Figure 105: China Market Value Share, By Application, 2022 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2022 & 2032
Figure 107: Japan Market Value Share, By Product, 2022 (E)
Figure 108: Japan Market Value Share, By Application, 2022 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2022 & 2032
Figure 110: South Korea Market Value Share, By Product, 2022 (E)
Figure 111: South Korea Market Value Share, By Application, 2022 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2022 & 2032
Figure 113: India Market Value Share, By Product, 2022 (E)
Figure 114: India Market Value Share, By Application, 2022 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2022 & 2032
Figure 116: ASEAN Market Value Share, By Product, 2022 (E)
Figure 117: ASEAN Market Value Share, By Application, 2022 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2022 & 2032
Figure 119: Australia Market Value Share, By Product, 2022 (E)
Figure 120: Australia Market Value Share, By Application, 2022 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2022 & 2032
Figure 122: New Zealand Market Value Share, By Product, 2022 (E)
Figure 123: New Zealand Market Value Share, By Application, 2022 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2022 & 2032
Figure 125: GCC Countries Market Value Share, By Product, 2022 (E)
Figure 126: GCC Countries Market Value Share, By Application, 2022 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2022 & 2032
Figure 128: Turkey Market Value Share, By Product, 2022 (E)
Figure 129: Turkey Market Value Share, By Application, 2022 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2022 & 2032
Figure 131: South Africa Market Value Share, By Product, 2022 (E)
Figure 132: South Africa Market Value Share, By Application, 2022 (E)
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the predicted CAGR for the global accident recorders market?
The global accident recorders market is set to expand at 7.3% CAGR through 2032.
Who are the top 3 manufacturers of accident recorders?
Delphi Technologies, Continental, and Blackbox Guard are key market players.
Which is the leading accident recorder product type?
Single channel accident recorders are most widely used across regions.
What is the North America Market share?
North America is likely to hold 32.7% of the global market share.
Accident Recorders Market