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Car Digital Video Recorder (DVR) Market Size, Share & Industry Analysis, By Channel (Single Channel and Dual Channel), By Technology (Basic, Advanced, and Smart), and Regional Forecast, 2024-2032

Last Updated: May 06, 2024 | Format: PDF | Report ID: FBI103364

 

KEY MARKET INSIGHTS

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The global car digital video recorder (DVR) market size was valued at USD 332.4 million in 2023. The market is projected to grow from USD 367.8 million in 2024 to USD 915.1 million by 2032, exhibiting a CAGR of 12.1% during the forecast period.


A car digital video recorder or car DVR is fitted in a vehicle to record front and rear views. It is compact and easily mounted on a vehicle's dashboard or windscreen. These devices act as silent witnesses to record videos in case of an accident. The recorded footage can be stored in an SD card or internal storage. These video recorders have a wide-angle lens to capture the entire road width and surroundings. Modern digital video recorders are equipped with intelligent features, such as GPS to track and log locations, which will be beneficial in case of a mishap.


In case of any accident or crash, a recorded videotape can be used as evidence to defend against any wrong blame. These digital video recorders can be used to report drivers driving recklessly or in a drunken state. These devices also aid in minimizing insurance fraud. Moreover, these devices can help monitor young drivers' driving behavior by streaming smartphone feeds.


Car DVRs often use parking mode to continue recording when the car is idle. This feature offers added security against theft or vandalism, as footage can be used in court against perpetrators. These devices can be used to capture scenic routes and notable routes. These devices offer high-quality footage, which can be further used to create videos or travel logs.


The COVID-19 pandemic sent shockwaves through most sectors due to the negative effect on production activities. The supply chain was heavily affected owing to transportation restrictions, thereby leading to raw material unavailability. This strain on raw materials and labor shortages led to production shortages. These factors, as mentioned above, hampered the market in 2020. However, as restrictions were lifted, the market started gaining momentum and is expected to return to normal by 2030.


Car Digital Video Recorder (DVR) Market Trends


Integration with the Internet of Things (IoT) and Advanced Features will Drive the Market Growth


Modern car DVRs are integrated with Internet of Things (IoT) technology to detect errors and protect drivers from sudden incidents. These devices have inbuilt WiFi connectivity allowing them to connect with the driver smoothly. This technology will aid in increasing the safety of drivers while providing a comfortable driving experience.


Various vehicle manufacturers are collaborating with car DVR providers to offer personalized features to drivers. For instance, Campark R10 offers Wide Dynamic Range (WDR) technology. It helps users automatically edit the image to generate balanced pictures and footage. Various car digital video recorder manufacturers are now providing night vision features, which offer color-accurate images while improving visibility at night.


Modern car DVRs are equipped with waterproof certified IP68 ratings. This feature enables the camera to record video even in the rainy season. These modern devices are equipped with 50fps (frames-per-second) which helps in playing the footage afterward frame-by-frame to detect the exact moment of the accident.


Advanced car DVRs are fitted with gravity sensors or G sensors. These sensors are used to measure exact acceleration or abrupt changes in direction. When car DVRs detect a change of direction, they start capturing the footage and save it in a memory device. These sensors can detect a vehicle's impact and motion behavior. These devices can have 4G LTE compatibility, which helps in firmware upgrades and real-time telemetry data relay.


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Car Digital Video Recorder (DVR) Market Growth Factors


Increasing Awareness among Safety Conscious Drivers to Propel the Market Growth


Nowadays, customers are more concerned regarding safety while driving and prefer to have a second set of eyes on the road. Car DVRs offer quality video resolution, low light capability, a long loop, ease of use, and sufficient storage capability. In recent years, the number of claims with footage has increased significantly, indicating rapid growth in the popularity of these devices.


These devices smoothen out the work of law enforcement agencies by saving their evidence-processing time associated with claims or dangerous driving incidents. Moreover, the manufacturers are developing new products with driver assistance and security features. In May 2023, Nextbase unveiled the Nextbase iQ, offering the next generation of in-car security and driver assistance. Nextbase has partnered with Vodafone and T-Mobile to provide connectivity in the U.K. and North America, respectively. This development is expected to drive the market growth during the forecast period 2024-2032.


However, manufacturers' increasing technological advancements for dash cams drive the market growth. For instance, in January 2023, Garmin Ltd. unveiled a new dashcam that helps keep tabs on the vehicle while it is parked. The Garmin Dash Cam Live is mounted to the inside of a vehicle’s windshield and records the road ahead at 1440P resolution through a 140-degree FOV wide-angle lens, whether day or night.


Increasing Vehicle Thefts and Road Accidents will Bolster Market Growth


Car DVRs are helpful for law enforcement agencies across the globe. The increasing use among personal vehicle owners owing to increased incidents of vandalism, theft, and vehicle collision will bode well for market growth. This technology allows drivers to document such incidents and effectively control their on-road safety. These factors will likely drive the car digital video recorder market growth over the forecast period.


RESTRAINING FACTORS


Privacy Issues and Strict Regulations Associated with Car Digital Video Recorders may Hamper the Market Dynamics


Technological advancements in DVRs, such as built-in WiFi, motion sensors, and night vision capabilities, have increased the cost burden on consumers. Furthermore, features such as accessing the DVR via smartphone and the built-in WiFi leave the in-vehicle camera prone to security threats such as hacking and illegally recording interior car footage and private conversations. Hence, several countries have outright banned their usage. For instance, due to concerns over data protection principles, DVR use in Switzerland is strongly discouraged. They are prohibited by law in Austria, where their use carries a heavy fine. Hence, privacy protection protocols in various countries will likely restrain the market growth.


Car Digital Video Recorder (DVR) Market Segmentation Analysis


By Channel Analysis


Advanced Security Features will Augment the Market Growth of Dual Channel Segment


Based on channel, the market is categorized into single channel and dual channel.


Single channel segment is currently dominating in the global market. Dual channel car DVRs include two sets of cameras, which generally record the front and rear view of the vehicle. The recorded footage is then stored in a centralized memory space which can be reviewed later. One of the main advantages of dual-channel car DVRs is that they can log evidence if another vehicle is struck from behind.


Although dual channel car digital video recorders are more expensive than single channel car digital video recorders, these devices are more economical in the long run. These devices provide additional features such as WiFi and GPS for road navigation. Many car DVRs are investing in product development & differentiation, which will augment the industry growth.


In December 2022, DDPAI introduced the Z50 dash cam with a dual channel feature. This device can record in 4K and 1080p. This recorder can capture evidence for rear-end collisions and read signposts and license plates from around 60 feet. It has an IPS power management system to monitor the vehicle day and night. Moreover, it has supercapacitors and can withstand hot and cold climatic conditions.


By Technology Analysis


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Rising Consumer Preferences for Technological Features will Drive the Growth of Advanced Car Digital Video Recorders in the Near Future


Based on technology, the market is divided into basic, advanced, and smart.


Advanced car DVRs are expected to capture a significant market share within the forecast period. These recorders have GPS logging, audio recording, accelerometers, speed sensors, and Uninterruptible Power Supplies (UPS). A built-in GPS is handy for pinpointing a vehicle’s location after an incident. Speed sensors and accelerometers maintain a record of speed and acceleration during transit or in case of an accident. Uninterruptible power supply aids to continue recording when the vehicle is parked.


REGIONAL INSIGHTS


Based on region, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.


Europe Car Digital Video Recorder Market Size, 2023 (USD Million)

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Europe dominated the car digital video recorder market share and was valued at USD 151.6 million in 2023, growing at 10.9% during the forecast period. Most countries in Europe are favorable toward the use of car DVRs. The regulations regarding the usage of car DVRs vary from country to country in Europe. These can be used without restrictions in countries such as Spain, Malta, Italy, and the Netherlands.


In France and Belgium, these devices are restricted to private use only. In Germany, faces and car number plates must be blurred before uploading footage to social media. In Austria and Portugal, using car DVRs is wholly prohibited. Increasing awareness among European drivers will positively influence market expansion over the next few years.


Asia Pacific will witness significant growth over the next few years. Rising cases of fraudulent insurance will drive the adoption of car DVR in future. These recorders capture footage in case of any accident or irresponsible driving behavior of other drivers. The Asia Pacific market is expected to grow at 13.3% CAGR during the forecast time period.


The North America market was valued at USD 69.0 million in 2023 and will reach USD 195.2 million by 2032. Rising product popularity among new vehicle owners will drive the market growth in future. Moreover, increasing demand for high-quality car digital video recorders to capture travel footage will bolster the market growth.


List of Key Companies in Car Digital Video Recorder (DVR) Market


New Product Development to form the Basis of Business Expansion


Nextbase, Garmin Ltd., ABEO Technology, Pittasoft Co., Panasonic Corporation, Cobra Electronics Corporation, DOD Tech, CNS Link, Finedigital Inc., Lukas, 70mai Co., Ltd., Thinkware, Amcrest Technologies, and Iroadglobal are some of the key players in the market. These companies are diversifying their distribution network, introducing new products with superior features, and expanding their production capacities to gain a competitive edge. In June 2021, Garmin Ltd. introduced voice-controlled dash cam series with automatic video storage and Live View Monitoring.


Integrating advanced interactive features with in-vehicle cameras is a crucial area of focus for leading manufacturers such as DOD Tech, Garmin Ltd., and Panasonic Corporation, among others. Most manufacturers are exploring the possibility of integrating Wide Dynamic Range (WDR) capabilities to improve video quality and DVRs' ability to reproduce details in various light-intensity scenarios.


LIST OF KEY COMPANIES PROFILED:



  • Garmin Ltd. (U.S.)

  • Nextbase (U.K.)

  • Pittasoft Co. Ltd. (South Korea)

  • Panasonic Corporation (Japan)

  • Cobra Electronics Corporation (U.S.)

  • DOD Tech (Taiwan)

  • CNS Link Co., Ltd. (South Korea)

  • Fine Digital, Inc. (South Korea)

  • 70mai Co., Ltd. (China)

  • Thinkware (U.S.)


KEY INDUSTRY DEVELOPMENTS:



  • January 2023 - Nextbase named T-Mobile the exclusive North American Connectivity Provider for Nextbase IQ. The tie-up will further help the company by delivering connectivity to all Nextbase IQ devices across the U.S. and Canada. Furthermore, this will also enable real-time video, notifications, over-the-air updates, and other additional features of the dashcam.

  • January 2023 - Nextbase was introduced, and the Nextbase iQ, the next generation of in-car security and driver assistance, will launch in spring 2023. The dash cam provides up to 4k front and 1440p in rear and cabin views, day or night. It delivers real-time monitoring of other vehicles’ speeds and trajectories, while Driver Aware (DMS) features a smart driver monitoring system to combat distracted and drowsy driving.

  • January 2023 - Garmin Ltd. introduced the all-new Garmin Dash Cam Live, an always-connected 1LTE dash cam that offers drivers access to a live exterior view of their vehicle. The camera records high-definition 1440p video with a 140-degree field of view, featuring Garmin Clarity HDR optics for crisp detail day or night, providing a clear witness to any potential incident.

  • August 2022 - Garmin Ltd. introduced the Garmin DriveCam 76 and RVcam 795 all-in-one navigators with a built-in, high-definition dash cam1. Both dashcam models include a sharp 7-inch display, 1080p HD video recording and a wide 140-degree field of view to catch a broad picture of the road ahead.

  • July 2022 - Thinkware launched the X800 dashcam in the U.S. The X800 is equipped with a Sony STARVIS sensor, capturing crystal-clear footage in even the lowest light conditions. The X800 dashcam also comes with standard road safety warning systems that warn drivers to deliver collisions, front vehicle avoidances, and lane departures (when used with the GPS antenna).


REPORT COVERAGE


The global market research report provides a detailed analysis of the market research and focuses on key aspects such as leading companies, product types, and leading product applications. Besides this, the research report offers insights into the market trends and highlights key industry developments. In addition to the factors above, the report encompasses several factors contributing to the market growth in recent years.


An Infographic Representation of Car DVR (Digital Video Recorder) Market

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Report Scope & Segmentation
















































ATTRIBUTE



DETAILS



Study Period



2019-2032



Base Year



2023



Estimated Year



2024



Forecast Period



2024-2032



Historical Period



2019-2022



Growth Rate



CAGR of 12.1% from 2024 – 2032



Unit



Value (USD Million), Volume (Thousand Units)



Segmentation



By Channel



  • Single Channel

  • Dual Channel



By Technology



  • Basic

  • Advanced

  • Smart



By Geography



  • North America (By Channel and By Technology)


    • U.S. (By Channel)

    • Canada (By Channel)

    • Mexico (By Channel)


  • Europe (By Channel and By Technology)


    • U.K. (By Channel)

    • Germany (By Channel)

    • France (By Channel)

    • Russia (By Channel)

    • Rest of Europe (By Channel)


  • Asia Pacific (By Channel and By Technology)


    • China (By Channel)

    • India (By Channel)

    • Japan (By Channel)

    • South Korea (By Channel)

    • Rest of Asia Pacific (By Channel)


  • Rest of the World (By Channel and By Technology)






Frequently Asked Questions

Fortune Business Insights says that the market size was USD 332.4 million in 2023 and is projected to register USD 915.1 million by 2032.

The market is expected to register a CAGR of 12.1% during the forecast period.

Technological advancements associated with car digital video recorders will augment the market growth.

Europe led the market in 2023.

Nextbase, Garmin Ltd, and Panasonic are some of the top players in the market.

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