About Electric Vehicle Driving Recorder
Electric vehicle driving recorder is designed to record the vehicle parameter during real driving conditions. The engineers who designed electric vehicles requires to test their designed prototypes in real driving conditions. The number of road accident are increasing each year. This devices helps to analysis of what happed before and at the moment of accident which should allow to pinpoint its cause and perhaps prevent the cause from creating further interference.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
In the emerging economies like China and India automobile industry is growing with an increase in population. There is a lack of proper public transportation lead to high demand for private vehicles. Due to limited fossil fuel availability, there will be a huge demand for electric vehicles in the upcoming future. The players present in the market are focusing on improving the qualities of the vehicle. Thus there will be high demand for electric vehicle driving recorders in the market. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Electric Vehicle Driving Recorder market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
VDO Company (Germany), Philips (Netherlands), HP (United States), Garmin Ltd. (United States), Pittasoft Co. Ltd. (South Korea), Samsung Group (South Korea), SHENZHEN AUTO-VOX TECHNOLOGY CO., LTD (China) and Shinco Company (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Electric Vehicle Driving Recorder market by Type (Integrated and Portable), Application (Two-Wheelers and Four-Wheelers) and Region.
On the basis of geography, the market of Electric Vehicle Driving Recorder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Chanel, the sub-segment i.e. Online will boost the Electric Vehicle Driving Recorder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Demand for Innovative Products
Market Growth Drivers:
Increasing Demand for Electric Vehicles and Rising Number of Road Accidents
Challenges:
Cost of the Electric Vehicle Driving Recorder
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Growing Demand from Developing Economics and Progress in the Vehicle Technology
Market Leaders and their expansionary development strategies
In May 2023, Siemens has acquire Mass-Tech Controls’ EV division, expanding eMobility offering in India. Acquisition to strengthen Siemens’ capability to address fast-growing demand for electric vehicle charging infrastructure in India, expand local market presence, enable creation of export hub
In May 2023, MG Motor India, a British automobile brand with a 99-year-old legacy, has launched three distinct variants of its recently unveiled smart electric vehicle, the MG Comet EV—Pace, Play, and Plush. The MG Comet EV—the Smart electric vehicle marks a new era in urban mobility solutions for India. The Comet, based on the versatile GSEV Pure Electric platform, boasts a sleek and roomy design with natural agility that enables seamless and stress-free urban commuting. Comet EV, the second electric vehicle in MG Motor India’s line-up, is a blend of style, technology, and sustainability, offering a versatile drive with unparalleled safety features.
Key Target Audience
Electric Vehicle Driving Recorder Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.