Automotive Black boxes Market Report Covers Detailed Industry Scope, Future Scenario and Elaborates Outlook to 2028

The automotive black boxes are essential tools used by the police and insurance companies to investigate accidents. This helps the investigating authorities to know the exact cause of the accident and the conclusion if the driver needs to be incriminated for the same. The black boxes are useful in case the driver is not in fault.

They ensure faster insurance claims thus benefitting the car owners. There are two types of black boxes in the market. One is the standard version that is normally installed on dashboard or beneath the driver seat and the other one is known as video data event recorder which is usually installed on the wind shield. This type of black box records the actions of the driver in real time along with the other parameters plus GPS location and the direction in which the vehicle was moving.

Automotive Black boxes Market: Dynamics

Automotive Black boxes mostly preferred by the fleet owners such as cab companies, ambulances, logistic trucks, commute buses and trains. The concept of black box in automobiles has been introduced because of rise in number of land accidents as compared to the ones in air. This has been a driving factor for the automotive black boxes market. In addition to this, the black boxes are being suggested by the insurance companies to support the claims. Plus, the stringent government regulations in may developed countries have made it compulsory for the manufacturers to install a black box in the automobiles they manufacture. This has certainly been a driver for the automotive black boxes market.

The new trend seen in the automotive black boxes market is installing both the type of EDRs i.e. the standard version as well as the video mount EDR. This is so as to accumulate accurate data from the black boxes in case of accidents and claims. Although they are important tool for acquiring the vehicle’s data, they have been interrupting the privacies of drivers and the end users are not happy with this. Therefore, this can be recorded as the only hindrance for the automotive black boxes market although it doesn’t assert much impact.

Automotive Black boxes Market: Regional Outlook

Most of the Automotive Black boxes market is majorly concentrated in the developed regions like Europe, U.S, Canada, Japan, Australia and New Zealand. Although with more number of land accidents witnessed every year, the market is slow paced in the developing countries like China, ASEAN and Latin America. India and parts of MEA are anticipated to be slow adopters of the Automotive Black boxes market. This is due to lack of awareness and the privacy concerns of the users in these regions.

Automotive Black boxes Market: Key Players

Examples of some of the market participants identified across the value chain of the Automotive Black boxes Market are:

• Car Black Box
• [x]cube LABS.
• Auto BlackBox Pty Ltd
• BlackVue
• EGENs Inc.
• Bosch Automotive Service Solutions Inc.
• Duvonn Electronic Technology Co., Ltd
• Shenzhen Newsmy Technology Co. Ltd
• Subaru
• Kia
• Hyundai

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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The report covers exhaust analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.