Drive Recorder Market is Expected to Grow at a CAGR of 11.9% | Demand, Size, Trends and Share by 2030

Drive Recorder Market Overview:

The demand in drive recorders Market, commonly known as dash cams, has significantly increased. Drive recorders are compact devices that capture high-quality video footage of the road ahead and provide vital evidence in case of accidents or other incidents. This article aims to explore the drive recorder market, its growth prospects, key players, and the benefits of using these devices.

The Global Drive Recorder Market Size is projected to reach a value of USD 11,765.58 Million by 2030, growing at a CAGR of 11.9% during the forecast period 2023-2030.

Market Definition

A drive recorder, also known as a dashboard camera or dash cam, is an electronic device designed to record video footage and audio while driving. It is typically mounted on the windshield or dashboard of a vehicle and captures real-time footage of the road ahead. Drive recorders are equipped with wide-angle lenses, high-resolution cameras, and built-in storage to store the recorded data. They are easy to install and provide a continuous recording loop, overwriting the oldest footage when the storage is full.

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Key Players

Several key players dominate the drive recorder market, offering a wide range of products to cater to different customer needs. Some prominent players in the industry include:

·       Gatekeeper Systems

·       IMAGO Technologies GmbH

·       Garmin International, Inc.

·       Samsung Group

·       HP Inc.

·       LIMTECH Industries

·       Koninklijke Philips N.V.

·       70mai

·       Motive

These companies invest heavily in research and development to introduce innovative features and improve the overall performance of drive recorders.

Market Segmentation

The Drive Recorder Market Segmentation can be based on various factors.

By Type

·       Single Channel Dashcam

·       Double Channel Dashcam

·       Triple-channel Dashcam

By Vehicle Type

·       Passenger Cars

·       Commercial Vehicles

By Application

·       Travel Monitoring

·       Parking Monitoring

·       Photography Entertainment

·       Other

These Segmentation approaches provide…