Revving Towards Growth: Exploring the Video Event Data Recorder Market’s Rise to US$ 3,500 Mn by 2026 with a CAGR of 6.9% | FMI

The market for video event data recorders (VEDR) was estimated to be worth over US$ 1,500 million in 2015 and is anticipated to grow to about US$ 3,500 million by 2026. Revenue from sales is anticipated to grow at a CAGR of 6.9% from 2016 to 2026.

The global video event data recorder market is examined by Future Market Insights for the 2016–2026 projection period. In a recent industry overview analysis titled “Video Event Data Recorder (VEDR) Market: Global Industry Analysis & Opportunity Assessment, 2016-2026,” it was predicted that the $1.64 billion market would surpass $3.2 billion by the end of 2026.

The government rules and motor vehicle safety standards, as well as advantages like the thorough data collecting capabilities provided by VEDR devices, are all credited with this increase.

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In the global VEDR market report, Future Market Insights provides detailed information on market definition and segmentation analysis, market dynamics and key insights, and competition assessment and key company profiles.

The overall market outlook remains positive and the compound annual growth rate is estimated at 6.9% over the decade. Although market growth will be healthy by 2021 end, it will experience a slight decline in terms of CAGR in the second half of the assessed period.

Key research findings:

Motor vehicle safety standards will continue to fuel the sales of technologies pertaining to vehicle safety In addition to growing cognisance and adoption of vehicle safety measures, burgeoning automotive investments are also anticipated to favour VEDR market growth Growing inclination of OEMs and drivers toward digitisation will push the market further With technological advancements, various cost-effective products are being developed.

Several manufacturers are also emphasising integration of smart software An increasing number of VEDR manufacturers are strategically investing in order to capitalise on opportunities offered by commercial fleets such as cabs/rental fleets/taxis globally

Key player insights:

The global market for video event data recorder is predominantly governed by the top five players in the competitive landscape. Digital Ally Inc., WatchGuard Video, Omnitracs LLC, Rosco Inc., and Safety Vision LLC collectively account for roughly 85% market revenues. A few other notable players include Convoy Technologies, OCTOCAM Srl, and L-3 Mobile-Vision, Inc.

Key metrics incorporated in the report 

CAGR for the various segments across key regions assessed Year-on-Year (YoY) growth rate for the different segments growth to understand the predictability of the market and to identify the right opportunities across the global video event data recorder market Basis Point Share (BPS) analysis to understand individual segments’ relative contribution to market growth and hence identify the key trends governing the global video event data recorder market Absolute dollar opportunity analysis of all key market segments to assess the level of opportunity that providers can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global video event data recorder market

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Market Segmentation

By Type of Data Storage:

  • Flash Card
  • Cloud Data Storage

By Vehicle Type:

  • Passenger Cars
  • Light Commercial Vehicles (LCVs)
  • Heavy Commercial Vehicles (HCVs)

By End User:

  • Law & Enforcement Agencies (LEAs)
  • Commercial Fleet

By Sales Channel:

  • Auto OEM
  • Aftermarket

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Middle East and Africa (MEA)
  • Japan

Table of Content

1. Global Video Event Data Recorder (VEDR) Market- Executive Summary

2. Assumptions & Acronyms Used

3. Research Methodology

4. Market Overview

4.1. Introduction

4.1.1. Global Video Event Data Recorder (VEDR) Market Definition

4.1.2. Global Video Event Data Recorder (VEDR) Market Taxonomy

4.2. Global Video Event Data Recorder (VEDR) Market Dynamics

4.2.1. Drivers

4.2.2. Restraints

4.2.3. Trends

4.2.4. Opportunities

4.3. Value Chain Analysis

4.4. Global Video Event Data Recorder (VEDR) Market Forecast, 2016-2026

4.4.1. Global Video Event Data Recorder (VEDR) Market Size (Value) Forecast

4.4.1.1. Y-o-Y Growth Projections

4.4.1.2. Absolute $ Opportunity

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10-years.

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