Industry Background:
Video recording has become a mainstay in everyday life it has become increasingly popular on todays roads for many reasons hence the demand for the driving recorder is increasing. The driving recorder is a video camera attached in-vehicle, typically mounted on the windscreen it is also called as Dash Camera. These recorders continuously record video and audio as well as other information such as speed, time & date, location to storage. It is used by professional drivers, such as truckers, taxi and VTC drivers, but also police officers, firefighters, ambulance drivers, ambulance drivers, driving school instructors, who can film their movements on video and keep an almost unremarkable record of their actions. The driving recorder was developed to monitor and save in a video file all incidents that may occur on the road. This recorder can be a single lens, and dual-lens it can be used to film the front and rear of the vehicle. Most of the recorder also features Parking Mode, which can record incidents and act as a preventive against theft and damage whilst you're away from your vehicle.This growth is primarily driven by Increasing Demand for Passenger Vehicles and Increasing Demand from the Insurance Companies to Identify Fraud Is Also Driving Factor of Market.
Globally, a noticeable market trend is evident The Trend is AI-capable compact size Driving Recorder. Major Vendors, such as HP (United States), Samsung (South Korea), Philips (Netherland), Garmin (United States), Papago (United States), Garmin Ltd (United States), Cobra Electronics Corporation (United States), DOD Technologies, Inc. (United State), Pittasoft Co. Ltd (BlackVue) (South Korea), AIPTEK International Inc. (Taiwan) and QRONTECH Co. Ltd (South Korea) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In January 2020 UK Based Electronic Company Nextbase Shows World's Smartest 4K Driving Recorder (Dash Cam) Named 622GW 4K Dash Cam Living Technology. This Recorder Consist Of List Of Features Including Emergency SOS, Built-In Alexa, Enhanced Night Vision, Digital Image Stabilization, Wi-Fi, And More.
Market Drivers
- Increasing Demand for Passenger Vehicles
- Increasing Demand from the Insurance Companies to Identify Fraud Is Also Driving Factor of Market
Market Trend
- The Trend is AI-capable compact size Driving Recorder
Restraints
- High Cost Associated With Driving Recorders
Opportunities
Rising Demand from Developing Countries such as India and China
Challenges
Key Competition between Manufacturers
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Driving Recorder Study Sheds Light on
The Driving Recorder Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Driving Recorder industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Driving Recorder industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.