The global In-Car DVR market is anticipated to grow at a significant CAGR of 5.2% during the forecast period. The growing number of product launches by car DVR providers will boost the market growth. It has been ascertained that there are numerous companies in the global market, which has ultimately led to a competitive marketplace. This has made it challenging for businesses to carve out a distinct identity. As an outcome, companies are implementing newer strategies in order to gain a stronghold in the industry. Product innovation is becoming more prevalent among major companies around the globe. These factors can propel the market growth during the forecast period. However, country’s privacy protection protocols can restrain the market growth in some regions. For instance, in March 2019, Indian Auto Company, a DIPP registered start-up based in New Delhi, that provides automotive solutions in tracking and telematics, smart infotainment, rear seat infotainment, and driver fatigue systems using IoT enabled hardware and platform, has introduced the IAC 404 Connected DVR/In-Dash camera with GPS trackers for both personal and commercial vehicles. 

Moreover, technological advancements and growing awareness pertaining to in-car safety are expected to boost global In-Car DVR market. Rising car thefts and acts of vandalism are further expected to impel industry growth during the forecast period. 

Impact of COVID-19 Pandemic on Global In-Car DVR Market

The COVID-19 pandemic had disrupted the manufacturing operations of various industries across the globe, which had drastically reduced the demand for in-car DVR. Many producers in themarket rely on parts sourced from China. The lockdown had resulted delay in raw material supply chain which halted the new production of car DVRs.Therefore, the demand for in-car DVR was adversely affected by the COVID-19 pandemic. As the COVID-19 situation normalizes, the in-car DVR market started recovery as industrial operations were normalized after the recovery. 

Segmental Outlook 

The global In-car DVR market is segmented based on the type and application. Based on the type, the market is sub-segmented into single channel and dual channel. Among these, the single channel segment dominated the market in 2020. The significant reduction in the price of the single channel car DVRs is likely to fuel the growth of the segment during the forecast period. Based on the application, the market is sub-segmented into the passenger car and commercial vehicle. 

Global In-Car DVR  Market Share by Application, 2021 (%)

The Passenger Car Segment is estimated to Hold the Major Share in the Global In-Car DVR Market

Based on applications, it is anticipated that, the passenger car segment will have prominent contribution in the growth of the global in-car DVR market. Road safety laws and regulations combined with growing consumer awareness about the benefits of car DVRs, have contributed to increased product demand in the passenger car segment. Furthermore, the inclusion of in-vehicle recorders with various automated driving functions is likely to increase car DVR adoption among personal car owners.

Regional Outlooks

The global in-car DVR market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America).  Asia-Pacific region is projected to grow at fastest CAGR in the market during the forecast period. Factors such as increasing market penetration of premium cars and safety installations per vehicle are accelerating the demand for car DVRs systems. Besides, growing transportation & communication infrastructure and increasing awareness about features of in-car entertainment systems are further creating scope for the market growth.

Global In-Car DVR  Market Growth, by Region 2022-2028

The North America Region Holds the Major Share in the Global In-Car DVR Market

The North America region had displayed notable growth in the makret in 2020. And it is expected to give significant contribution in the growth of the global in-car DVR market during the forecast period.. The US will play a major role inmarket growth in the region Awareness campaigns and various schemes such as the teen safe driver program and in-car camera incentive programs are expected to fuel the demand for car DVRs market in the US. The prevalence of ridesharing businesses such as Lyft and Uber, as well as a substantial transportation and haulage industry will support the market growth. Furthermore, the lower camera prices and technological advancements in wireless technology will boost the market growth in the region. 

Market Players Outlook

The major companies serving the global in-car DVR market include Falcon Zero ITronics Group,, DOD Tech, Pittasoft Co., Ltd., Panasonic Corp., Garmin Ltd., Hunydon Co., Ltd., JADO China, PAPAGO Inc., Shenzhen Zhixingsheng Electronics Co. Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in February 2019, Panasonic Corp launched a new compact in-vehicle camera, the AS-1 Arbitrator, as part of its expanding Public Safety Solutions portfolio in North America to provide law enforcement agencies with enhanced visual evidence capture features and functionality.

The Report Covers

• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global In-Car DVR market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.