Global Automotive Recorder Market – Industry Trends and Forecast to 2030

The Automotive Recorder market is experiencing robust expansion, with market size projected to increase from XX billion in 2023 to xx billion by 2030, demonstrating a consistent year-over-year growth rate of 6.1%. Automotive Recorder Market Size, Share, Competitive Landscape and Trend Analysis Report, by Types (Dashcams, Event Data Recorders (EDRs), GPS Trackers, Telematics Systems), by applications (Accident Analysis, Insurance Claims, Vehicle Safety Improvement, Driver Behavior Monitoring, Others) And regions ({regionNms}) : Industry Forecast and Opportunity Analysis for 2023 - 2030

The worldwide automotive recorder market encompasses activities related to the design, production, and sale of equipment that enables the audio and video recording of activities in various types of vehicles. These gadgets are commonly known as dash cams, or car cameras, that record the view of the road in front, providing proof in case of accidents or any problems that may arise. This is especially true because of the following factors: the surging occurrences of road accidents, the increasing number of insurance claims, and the rising concern in driver assistance systems—all calling for the inherent safety and security of vehicle operation, hence broadening the market for automotive recorders. It is being driven by various factors, including growth in technology, increased awareness among consumers about car accessories, and regulations regarding selling car accessories, among others.

Automotive Recorder Report Highlights

Report Metrics	Details
Forecast period	2019-2030
Base Year Of Estimation	2023
Growth Rate	CAGR of 6.1%
By Product Type	Dashcams, Event Data Recorders (EDRs), GPS Trackers, Telematics Systems
Key Market Players	Bosch (Germany) Continental AG (Germany) Aptiv PLC (Ireland) Waylens Inc. (United States) Nexar (Israel) Geotab Inc. (Canada) Samsara Networks Inc. (United States Garmin Ltd. (United States) BlackVue (South Korea) Thinkware (South Korea)
By Region

Automotive Recorder Market Trends

The growth of the automotive camera market is fuelled by a shift in consumer attitudes towards the demand for safety, accountability, and transparency in road usage. Dash-mounted and in-car recording devices are gradually becoming commonplace as motorists and the transport sector begin to appreciate the need for visual materials for insurance purposes, for validation of accidents, and to mitigate against crime. Other factors contributing to the demand for the in-vehicle recording devices are the growth of rideshare services along with commercial fleet operators. It is because in these types of businesses, the safety of the passengers and drivers comes first, and the video evidence is essential in managing the drivers. Technological advancement plays a crucial role in market evolution; for instance, hi-definition quality cameras, wide-angle lenses, night vision cameras, and its connectivity with the cloud. In these days’ many automotive-ended recorders come installed with GPS, alerts, and in some cases even include artificial intelligence to identify risks for the motorist. Even with the tempered expectations of the vehicle in motion due to the vehicle recorders in the automotive is fused together with Advanced Driver Assistance Systems (ADAS) towards giving feedback regarding driver alerts and monitoring safety, which increases the market need.

Automotive Recorder Market Leading Players

The key players profiled in the report are Bosch (Germany), Continental AG (Germany), Aptiv PLC (Ireland), Waylens Inc. (United States), Nexar (Israel), Geotab Inc. (Canada), Samsara Networks Inc. (United States, Garmin Ltd. (United States), BlackVue (South Korea), Thinkware (South Korea)

Growth Accelerators

The primary market pulls for automotive recorders, separate from their technology and application, is enhanced safety and security for vehicle owners and regulatory agencies. Automotive recorders, which are also known as dash cameras and event data recorders, provide critical evidence for the parties involved in the accident, hence assisting the driver and the insurance company to renew and reduce fraud and liability claims, respectively. For instance, in the United States and the European Union, where various legislations have been enacted compelling the use of such devices in commercial and public vehicles, the market for such products continues to rise. In addition to this, individuals tend to purchase more of such devices because they are security conscious and care for their properties even more so with the increase in vehicle thefts. The latest automotive recording devices come with modern features such as real-time monitoring, GPS locators, and collision detectors for driver convenience and safety improvements. The need for video recording and remote access control has also been well appreciated by fleet operators and logistic companies due to the rise of connected vehicles and cloud storage capabilities. The integration of advanced technology in automotive recorders and its high retirement rate has made car recording devices a norm in personal and commercial vehicles, which in turn promotes continuous development of the market.

Automotive Recorder Market Segmentation analysis

The Global Automotive Recorder is segmented by Type, Application, and Region.
By Type, the market is divided into Distributed Dashcams, Event Data Recorders (EDRs), GPS Trackers, Telematics Systems . The Application segment categorizes the market based on its usage such as Accident Analysis, Insurance Claims, Vehicle Safety Improvement, Driver Behavior Monitoring, Others. Geographically, the market is assessed across key Regions like {regionNms} and others, each presenting distinct growth opportunities and challenges influenced by the regions.

Competitive Landscape

The market for automobile recorders is marked with innovation and significant growth owing to the increased demand by consumers for safety and accountability in driving. The major share of the market is held by prominent companies like Kenwood, Thinkware, and Nextbase, who deploy sophisticated technology in the production of dash cameras and event data recorders of high quality. In addition, the increasing contribution of dash cameras for accident documentation and increasing safety measures offered in today’s vehicles that is progressively becoming the norm, is also accelerating this growth. The supply side of the automotive luggage market consists of major matured players along with rising competitors providing differentiation in innovative ways and targeting small segments of the broader market. The introduction of value-added characteristics in the product scope of GPS monitoring systems and cloud storage Realtime monitoring technologies is also boosting the rivalry amongst players by increasing the demand for such products. In addition, it is anticipated that the market will also witness growth due to the enactment of laws mandating use of event data recorders among other devices in some regions.

Challenges In Automotive Recorder Market

Due to the increasing government oversight of automotive recorders, coupled with consumer privacy issues, nearly all regions of the automotive recorder market are encumbered with numerous challenges. The increasing emphasis on data and privacy protection and cybersecurity is accompanied by the authorities and organisations enforcing regulations on the employment or even storage of video and data obtained from automotive recorders. In an attempt to comply with these, manufacturers raise the cost of the products due to additional expense in research and development of the products since manufacturers have to put additional elements such as encryption. In addition, the fears of the consumers regarding their privacy, especially in cars that are leased or rented out, may also impede the growth of automotive recorders in some parts of the world. One more challenge is intense rivalry and fast technology growth in the industry. Considering many features such as AI-based analytics, night vision, and high recording resolution, among others, have become standard, there is a necessity for manufacturers to at least be innovative within a short period and avail the manufactured goods at a cheaper price. Such an environment is created where competitors have to contend with delivering the latest features or new products, but the determined prices adversely affect profitability.

Risks & Prospects in Automotive Recorder Market

The automotive recorder market has significant growth opportunities driven by increasing consumer awareness around vehicle safety and security. Viacom is gaining traction among car owners as well as fleet owners as a device that is useful in capturing events, lowering the risks of liability, and improving the conduct of drivers. More drivers are demanding the security and safety of themselves, their property, and their vehicles against theft, accidents, and insurance fraud, thereby escalating the demand for automotive recorders and making the market favorable. In this market, the other market-specific opportunities is connected vehicle technology and government driver safety regulations. As cars become more autonomous and semi-autonomous, the need for internal and external recording systems for operational and accident data retrieval is paramount. It is also worth noting that in some countries, there are already laws in place that require the installation of dashcams or driver monitoring systems in order to enhance safety among drivers.

Key Target Audience

The automotive recorder market is targeted at vehicle owners who are especially interested in enhancing their safety, security, and even responsibility while driving. These include private vehicle owners, commercial fleet operators, and people who drive for ridesharing apps, as these are the people who use dashcams and other video recording devices fixed in the vehicle to record events, monitor driving, and manage accountability during accidents or conflicts. As the level of education on road safety increases, individual end-users have also started to adopt recorders, with the ultimate objective being accountability and security while traveling. This has resulted in the increased demand for such utilisation devices, which are of good quality and durable.,, Also, automotive OEMs and aftermarket retailers are other significant audiences within the automotive recorder market. OEMs also built-up recording capacity into the new vehicles they manufacture, thus making these vehicles more attractive to the safety-concerned buyers. On the other hand, after-market sellers serve such consumers by offering various models of recorders designed for different price ranges and specifications for fitting into the consumer’s car. The insurance companies can also be termed a secondary audience, as some of the insurance companies provide discounts to customers who fit automobile recorders in their vehicles, knowing that it helps reduce the costs associated with false claims made for accidents.

Merger and acquisition

The recent activity in the automotive recorder market, particularly in mergers and acquisitions, has been strategic to improve technology and modulate the range of products in the market. In January 2024, BlackVue, one of the well-known dash camera manufacturers, revealed it would be taking over Thinkware, also a well-known manufacturer of dash cameras. The goal of this merger is to take advantage of engineering capabilities in advanced video capture and cloud solutions in order to create better in-vehicle recording devices with more systems and functionalities. The merger is forecasted to strengthen their competitiveness in the burgeoning vehicle surveillance and safety systems market, which can be attributed to the growing consumer appetite for sophisticated recording products. Moreover, the company has been involved in mergers and acquisitions, especially in the automotive recorder segment. In March 2024, Garmin acquired VIRB, which is primarily an action camera and an automotive recorder manufacturer. With the new acquisition, Garmin is in a position to look for other products outside its usual consumer electronics range by adding GPS with real-time analytics to its already existing automotive range. These moves are critical for the companies in this industry that are focused on creativity and growth within the automotive recorder sector, where, for instance, technology is rapidly evolving and safety levels are on the rise.