Car DVR Market Report 2024 (Global Edition)

Global Car DVR Market Report 2024 Market Size Split by Type (Single Channel, Dual Channel), by Price Range (Low-Priced, Mid-Priced, High-Priced), by Technology (Basic, Advanced, Smart), by Application...

Car DVR Market Report Description

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Car DVR Market Insights Video

Competitive Landscape of the Car DVR Market

The Car DVR market is highly competitive, featuring key players such as BlackVue, Thinkware, Garmin, and Nextbase. These companies vie for market share through innovations in technology, such as high-definition recording, advanced driver assistance systems, and smart connectivity features. Competitive strategies include product differentiation, expanding distribution channels, and offering various price points to cater to diverse consumer needs. The market is characterized by rapid technological advancements and a focus on enhancing user experience.

January 2023 – Nextbase appointed T-Mobile as the exclusive North American Connectivity Provider for Nextbase IQ. This partnership will enhance the company's offerings by providing connectivity for Nextbase IQ devices throughout the U.S. and Canada, enabling features like real-time video, notifications, and over-the-air updates. (Source:https://nextbase.com/hub/nextbase-names-tmobile-as-exclusive-north-american-connectivity-provider-for-nextbase-iq-worlds-first-truly-smart-iotconnected-dash-cam/) January 2023 – Nextbase launched the Nextbase iQ, an advanced in-car security and driver assistance dash cam scheduled for release in spring 2023. The device supports up to 4K front and 1440p rear and cabin views, day or night. It features real-time monitoring of vehicle speeds and trajectories, along with Driver Aware (DMS) for addressing distracted and drowsy driving. (Source: https://nextbase.com/smart-dash-cams/iq-smart-dash-cam/) January 2023 – Garmin Ltd. unveiled the Garmin Dash Cam Live, a new LTE-connected dash cam offering live exterior vehicle views. It records high-definition 1440p video with a 140-degree field of view and Garmin Clarity HDR optics, ensuring detailed footage in all conditions. (Source:https://www.garmin.com/en-US/newsroom/press-release/automotive/stay-connected-to-your-vehicle-24-7-with-garmin-dash-cam-live/) August 2022 – Garmin Ltd. introduced the Garmin DriveCam 76 and RVcam 795, all-in-one navigators with integrated high-definition dash cams. Both models feature a 7-inch display, 1080p HD video recording, and a wide 140-degree field of view for comprehensive road coverage. (Source:https://www.garmin.com/en-US/newsroom/press-release/automotive/drive-with-an-eyewitness-using-the-new-all-in-one-dash-cam-navigator-series-from-garmin/)

Top Companies Market Share in Car DVR Industry: (In no particular order of Rank)

• Philips
• Cansonic
• Blackview
• Cobra Electronics
• Garmin
• PAPAGO.
• First Scene
• JADO
• Kehan
• DAZA
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Car DVR Market

Which Region Dominates the Car DVR Market in 2024?

According to Cognitive Market Research, In 2024, the North American region dominates the Car DVR market. This dominance is driven by the high adoption rate of advanced automotive technologies, stringent safety regulations, and a strong consumer preference for enhanced driving safety features. The presence of major automotive manufacturers and a well-established aftermarket industry further bolster the region's leading position. Additionally, the increasing awareness of road safety and the growing trend of insurance incentives for DVR installation contribute to North America's strong market share in the global Car DVR industry.

Which Region is Expanding at the Fastest CAGR?

In 2024, the Asia-Pacific region is expanding at the fastest CAGR in the Car DVR market. This rapid growth is fueled by rising vehicle ownership, increasing disposable incomes, and expanding automotive manufacturing in countries like China and India. The region's growing emphasis on advanced driver-assistance systems (ADAS) and safety features drives demand for Car DVRs. Additionally, the expanding middle-class population and the surge in e-commerce sales of automotive accessories contribute to the rapid expansion of the Car DVR market in Asia-Pacific.

 

The current report Scope analyzes Car DVR Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

North America Car DVR

According to Cognitive Market Research, the global Car DVR Market size was estimated at USD 345.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 138.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Car DVR Market with a market size of USD 108.95 million in 2024 and is projected to grow at a CAGR of 10.2% during the forecast period. Growth is driven by high consumer demand for advanced safety features and technological innovations in vehicle security.
• The Canada Car DVR Market had a market share of USD 16.57 million in 2024 and is projected to grow at a CAGR of 11.2% during the forecast period. Increasing adoption of vehicle safety technologies and favorable regulatory incentives are driving market expansion.
• The Mexico Car DVR Market is projected to witness growth at a CAGR of 10.9% during the forecast period, with a market size of USD 12.57 million in 2024.

Europe Car DVR

According to Cognitive Market Research, the global Car DVR Market size was estimated at USD 345.2 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 103.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.7% from 2024 to 2031.

• The United Kingdom Car DVR Market had a market share of USD 17.40 million in 2024 and is projected to grow at a CAGR of 11.5% during the forecast period. Stringent road safety regulations and a strong focus on advanced driver-assistance systems (ADAS) fuel market growth.
• The France Car DVR Market is projected to witness growth at a CAGR of 9.9% during the forecast period, with a market size of USD 9.53 million in 2024.
• According to Cognitive Market Research, the German Car DVR Market size was valued at USD 127.96 million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period. Robust automotive industry and high consumer preference for advanced vehicle technologies support market expansion.
• The Italy Car DVR Market is projected to witness growth at a CAGR of 10.1% during the forecast period, with a market size of USD 8.91 million in 2024.
• The Russia Car DVR Market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD 16.05 million in 2024.
• The Spain Car DVR Market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 8.49 million in 2024.
• The Luxembourg Car DVR Market is projected to witness growth at a CAGR of 10.8% during the forecast period, with a market size of USD 3.21 million in 2024.
• The Portugal Car DVR Market is projected to witness growth at a CAGR of 10.5% during the forecast period, with a market size of USD 2.17 million in 2024.
• The Greece Car DVR Market is projected to witness growth at a CAGR of 11.0% during the forecast period, with a market size of USD 1.24 million in 2024.
• The Rest of Europe Car DVR Market is projected to witness growth at a CAGR of 9.4% during the forecast period, with a market size of USD 16.05 million in 2024.

Asia Pacific Car DVR

According to Cognitive Market Research, the global Car DVR Market size was estimated at USD 345.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 79.40 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Car DVR Market size was valued at USD 35.73 million in 2024 and is projected to grow at a CAGR of 13.7% during the forecast period. Rapid growth is fueled by the booming automotive market and increasing investments in smart technology.
• The Japan Car DVR Market is projected to witness growth at a CAGR of 12.7% during the forecast period, with a market size of USD 10.96 million in 2024.
• The India Car DVR Market had a market share of USD 9.53 million in 2024 and is projected to grow at a CAGR of 16.0% during the forecast period. Rising vehicle ownership and disposable incomes drive demand for affordable and advanced Car DVR systems.
• The South Korea Car DVR Market is projected to witness growth at a CAGR of 13.3% during the forecast period, with a market size of USD 7.94 million in 2024.
• The Australia Car DVR Market is projected to witness growth at a CAGR of 13.9% during the forecast period, with a market size of USD 4.13 million in 2024.
• The South East Asia Car DVR Market is projected to witness growth at a CAGR of 15.2% during the forecast period, with a market size of USD 5.48 million in 2024.
• The Rest of APAC Car DVR Market is projected to witness growth at a CAGR of 14.0% during the forecast period, with a market size of USD 5.64 million in 2024.

South America Car DVR

According to Cognitive Market Research, the global Car DVR Market size was estimated at USD 345.2 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 17.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.6% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Car DVR Market size was valued at USD 7.39 million in 2024 and is projected to grow at a CAGR of 12.2% during the forecast period. Increasing awareness of vehicle security and safety features contributes to market growth in the automotive sector.
• Argentina's Car DVR Market had a market share of USD 2.39 million in 2024 and is projected to grow at a CAGR of 12.2% during the forecast period. Growing vehicle ownership and rising consumer awareness about in-car security boost market expansion.
• The Colombia Car DVR Market is projected to witness growth at a CAGR of 11.4% during the forecast period, with a market size of USD 1.54 million in 2024.
• The Peru Car DVR Market is projected to witness growth at a CAGR of 11.8% during the forecast period, with a market size of USD 1.42 million in 2024.
• The Chile Car DVR Market is projected to witness growth at a CAGR of 11.9% during the forecast period, with a market size of USD 1.24 million in 2024.
• The Rest of LATAM Car DVR Market is projected to witness growth at a CAGR of 10.7% during the forecast period, with a market size of USD 2.78 million in 2024.

Middle East and Africa Car DVR

According to Cognitive Market Research, the global Car DVR Market size was estimated at USD 345.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 6.90 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.9% from 2024 to 2031.

• The GCC Countries Car DVR Market is projected to witness growth at a CAGR of 12.7% during the forecast period, with a market size of USD 2.95 million in 2024. High vehicle sales and infrastructure development support the adoption of advanced Car DVR technologies.
• The Egypt Car DVR Market is projected to witness growth at a CAGR of 12.2% during the forecast period, with a market size of USD 0.72 million in 2024.
• The South Africa Car DVR Market is projected to witness growth at a CAGR of 12.9% during the forecast period, with a market size of USD 1.09 million in 2024. Growing focus on vehicle security and improved economic conditions drive the demand for Car DVR systems.
• The Turkey Car DVR Market is projected to witness growth at a CAGR of 11.4% during the forecast period, with a market size of USD 0.59 million in 2024.
• The Nigeria Car DVR Market is projected to witness growth at a CAGR of 11.0% during the forecast period, with a market size of USD 0.72 million in 2024.
• The Rest of MEA Car DVR Market is projected to witness growth at a CAGR of 10.9% during the forecast period, with a market size of USD 0.81 million in 2024.

Car DVR Market Analysis

Car DVR Market Type Segment Analysis

According to Cognitive Market Research, Single Channel DVRs are the largest segment in the Car DVR market due to their cost-effectiveness and simplicity. These devices typically feature one camera mounted at the front of the vehicle, capturing footage of the road ahead. Their affordability and ease of installation make them highly accessible to a broad range of consumers, from budget-conscious individuals to those seeking a basic level of security for their vehicle. Single channel DVRs provide fundamental recording capabilities without the added expense of additional features appealing to a large segment of the market that prioritizes essential functionality. Although their growth rate is steady, it remains substantial due to the consistent demand for basic vehicle surveillance systems that offer a balance of price and performance.

Dual Channel DVRs are the fastest-growing segment in the Car DVR market, driven by their superior functionality and enhanced safety features. These systems come equipped with both front and rear cameras, providing comprehensive coverage of the vehicle’s surroundings. This added functionality makes dual-channel DVRs increasingly popular among consumers who value extensive security and evidence recording capabilities. The rapid growth in this segment is fueled by rising awareness of the benefits of having a complete view of the vehicle’s environment, including capturing incidents that occur behind the vehicle. As technology advances and becomes more affordable, dual-channel DVRs are capturing a growing share of the market, driven by increasing consumer demand for enhanced vehicle protection and advanced features.

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Car DVR Market Price Range Segment Analysis

According to Cognitive Market Research, Low-priced DVRs dominate the market due to their affordability and accessibility. These models typically offer basic features such as standard-definition recording and minimal additional functionalities. The largest segment by volume, low-priced DVRs appeal to budget-conscious consumers who need fundamental vehicle surveillance without breaking the bank. They are often the first choice for many new buyers and those looking to test the benefits of in-car cameras. However, growth in this segment is relatively slow as technology advances and consumer expectations rise, prompting many to consider more feature-rich options.

Mid-priced DVRs represent the fastest-growing segment, driven by their balance of cost and enhanced features. These models offer superior functionalities, such as higher resolution recording, GPS integration, and additional safety features like collision detection. The growing interest in better quality and more comprehensive features at a reasonable price is propelling the rapid expansion of this segment. As more consumers recognize the value of advanced features without the premium cost, mid-priced DVRs are becoming increasingly popular, fueling significant market growth.

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Car DVR market report 2024 Edition by contacting our team.

Car DVR Technology Segment Analysis

Car DVR Market Technology Segment Analysis

According to Cognitive Market Research, Basic DVRs are the most widely adopted due to their simplicity and affordability. They provide essential functions such as standard resolution video recording and straightforward operation without advanced features like GPS or cloud connectivity. This segment dominates the market as it caters to consumers who need a cost-effective solution for basic vehicle surveillance. Despite being the largest segment, growth is relatively stable, driven primarily by budget-conscious buyers and entry-level users. Basic DVRs appeal to a broad audience due to their low price point and ease of use, making them a popular choice among a wide range of consumers seeking fundamental recording capabilities.

Smart DVRs are the fastest-growing segment, reflecting the increasing consumer demand for advanced, feature-rich solutions. These devices integrate cutting-edge technologies such as artificial intelligence, real-time alerts, and cloud storage, offering superior functionality compared to basic or advanced models. The rapid growth in this segment is fueled by technological innovations and a rising emphasis on enhanced vehicle security and driver assistance. As consumers become more tech-savvy and seek higher levels of safety and convenience, smart DVRs are rapidly gaining market share. Their ability to provide real-time monitoring and sophisticated features makes them highly attractive, leading to accelerated growth in this segment.

• Basic
• Advanced
• Smart

Car DVR Application Segment Analysis

Car DVR Market Application Segment Analysis

According to Cognitive Market Research, The passenger car segment is the largest in the Car DVR market, driven by the sheer volume of personal vehicles globally. DVRs for passenger cars cater to everyday safety and security needs, providing drivers with essential features such as front-facing cameras and basic recording capabilities. The widespread adoption of DVRs in passenger cars is largely due to their affordability and the increasing awareness of their benefits, such as evidence collection for insurance claims and protection against fraudulent claims. This segment's dominance is also attributed to the steady growth of the global automotive market and the rising consumer preference for enhanced vehicle security.

The commercial vehicle segment is the fastest-growing in the Car DVR market, fueled by the expanding logistics and transportation industries. DVRs for commercial vehicles often include advanced features such as dual-channel recording, GPS tracking, and real-time monitoring, which are crucial for fleet management and enhancing operational efficiency. The rapid growth in e-commerce and the increasing need for fleet safety and compliance drive demand for these sophisticated systems. Companies invest in commercial vehicle DVRs to monitor driver behavior, ensure cargo security, and reduce operational risks. This segment is experiencing accelerated growth as businesses recognize the value of integrating advanced surveillance technologies into their fleets to improve safety, accountability, and efficiency.

• Passenger Car
• Commercial Vehicle

Car DVR Sales Channel Segment Analysis

Car DVR Market Sales Channel Segment Analysis

According to Cognitive Market Research, OEMs represent the largest segment in the Car DVR market, as these systems are installed directly during vehicle manufacturing. This channel benefits from the convenience of factory integration, which appeals to consumers seeking seamless, factory-installed solutions. OEM-installed DVRs often offer a higher level of integration with vehicle systems and a clean, professional look. While this segment has a substantial market share due to its reach and reliability, its growth is relatively slower compared to aftermarket options. The main factors contributing to the slower growth include higher costs associated with OEM systems and longer lead times, as well as limited flexibility in terms of features and customization compared to aftermarket products.

The aftermarket is the fastest-growing sales channel for Car DVRs. This segment is expanding rapidly due to its accessibility, flexibility, and customization options. Aftermarket DVRs allow consumers to choose from a wide range of features and price points, making them appealing to a diverse customer base. The rise of e-commerce platforms and improved installation services further drive the growth of aftermarket DVRs. Consumers increasingly prefer these systems for their affordability and the ability to upgrade or customize features without the constraints of OEM packages. The rapid expansion in this segment reflects the growing trend towards personalized and cost-effective vehicle technology solutions.

• OEMs
• Aftermarket

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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