Video Event Data Recorder Market Revenue forecast, 2016-2026

Introduction

The global video event data recorder (VEDR) market was valued at nearly US$ 1,500 Mn in 2015 and is projected to reach approximately US$ 3,500 Mn by 2026. Sales revenue is expected to increase at a CAGR of 6.9% during the assessment period (2016–2026). This growth is attributed to rising awareness and adoption of vehicle safety technologies, government regulations and motor vehicle safety standards and benefits such as detailed data capture capabilities offered by VEDR devices.

Among the vehicle types, revenue contribution from the passenger cars segment is anticipated to expand 2.2X during the forecast period. In terms of market value share, light commercial vehicles was the dominant segment, accounting for more than 50% share of the global video event data recorder market revenue in 2015.

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Global Video Event Data Recorder Market Analysis and Forecast – By Vehicle Type

In terms of revenue, passenger cars segment is expected to register a relatively high CAGR of 8.6% during the forecast period. This is attributed to increasing adoption of VEDR solutions in passenger cars as a valuable research tool and to record impact speeds
The global market for VEDR solutions is highly fragmented and intensely competitive and to sustain their position in the market, manufacturers of VEDR solutions are offering various incentives to private sector stakeholders – primarily auto OEMs and insurance companies – to deploy these solutions

Video Event Data Recorder Market

Total Incremental Opportunity (2016–2026)

Passenger Cars - US$ 521.9 Mn
Light Commercial Vehicles - US$ 706.4 Mn
Heavy Commercial Vehicles - US$ 328.4 Mn
In terms of revenue, light commercial vehicles is projected to be the most attractive segment in the global video event data recorder market during the forecast period
Passenger cars segment is expected to register high Y-o-Y growth rates throughout the forecast period and is anticipated to record a CAGR of 8.6% in the coming decade
Light commercial vehicles segment was valued at almost US$ 800 Mn in 2015 and is expected to remain dominant through 2026, accounting for a revenue share in excess of 45%

“Currently, adoption of video event data recorders is comparatively higher in light and heavy commercial vehicles owned by law and enforcement agencies (including military and defence). However, demand for video event data recorders is also expected to increase from the passenger cars segment. This rising demand is attributed to various factors such as transparent insurance procedures and improved monitoring of public transport and fleet operations.” - Analyst (Electronics and ICT), Future Market Insights

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Global Video Event Data Recorder Market – Opportunities for Key Players

Innovative sales and marketing strategies

The global video event data recorder market is still in a nascent stage, but is witnessing a substantial growth. In order to leverage rising adoption of these products, companies could significantly invest in core sales and marketing functions. With Law & Enforcement Agencies (LEAs) being the largest application area for VEDRs, there is a potential revenue opportunity for manufacturers.

Players active in the global video event data recorder market can build a large pipeline of potential revenue streams through strategic planning and increasing investments with LEAs

Cost-effective products and software revenues

Pricing and features are the two main factors shaping decision-making of law enforcement agencies. This is attributed to limited financial resources of most agencies. In order to penetrate and gain a significant footprint in this highly fragmented market, manufacturers could strategically invest in R&D initiatives to develop VEDR tools with advanced features in the low-medium ASP range.

Additionally, integration of smart software could help drive margins up and flow through to the bottom line. Contingent upon proper implementation, these two efforts have the potential to drive revenues in the long term.

Enhanced customer awareness

Like any other market in the development stage, the global video event data recorder market is also characterised by low customer awareness regarding VEDR tools and the associated benefits. Educating customers about the convenience and advantages of advanced vehicle safety devices can play a vital role in triggering growth in adoption of these devices. Auto OEMs can play a crucial role in creating customer awareness as they are in close proximity to car buyers.

They can make sustained efforts to educate vehicle buyers about advanced safety systems such as VEDRs along with the inherent advantages so that provision of these devices becomes a default criteria influencing customer purchase decisions. This in turn offers potential revenue opportunities to auto OEMs.

Additionally, auto OEMs can take the lead by providing devices such as VEDRs and related services free of cost until customers are adequately educated about the benefits, convenience and necessity of using these systems. This is likely to lead to increased growth in demand for vehicle safety devices in future.

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

Frequently Asked Questions

What is the Demand Analysis for Video Event Data Recorder?

Demand for video event data recorder is likely to grow at a CAGR of 7% through 2032.

How much Sales of Video Event Data Recorder can be Anticipated by 2032?

Sales of video event data recorder is likely to exceed a valuation of US$ 5252.55 million by 2032.

What is the Adoption Potential of Video Event Data Recorder?

Adoption of video event data recorder is likely to reach a valuation of US$ 2670.13 million in 2022.

Which Region is the Key Video Event Data Recorder Market Contributor?

North America is the key video event data recorder market contributor.

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
4.5. Global Video Event Data Recorder (VEDR) Market Snapshot (2015)
4.5.1. Market Share By Type of Data Storage
4.5.2. Market Share By Vehicle Type
4.5.3. Market Share By End User
4.5.4. Market Share By Sales Channel
4.5.5. Market Share By Regions
5. Global Video Event Data Recorder (VEDR) Market Analysis, By Type of Data Storage
5.1. Introduction
5.1.1. Y-o-Y Growth Comparison, By Type of Data Storage
5.1.2. Basis Point Share (BPS) Analysis, By Type of Data Storage
5.2. Global Video Event Data Recorder (VEDR) Market Attractiveness Analysis, By Type of Data Storage
5.2.1. Flash Card
5.2.1.1. Absolute $ Opportunity
5.2.1.2. Market Value Forecast
5.2.2. Cloud Data Storage
5.2.2.1. Absolute $ Opportunity
5.2.2.2. Market Value Forecast
5.3. Global Video Event Data Recorder (VEDR) Market Attractiveness Analysis, By Type of Data Storage
6. Global Video Event Data Recorder (VEDR) Market Analysis, By Vehicle Type
6.1. Introduction
6.1.1. Y-o-Y Growth Comparison, By Vehicle Type
6.1.2. Basis Point Share (BPS) Analysis, By Vehicle Type
6.2. Global Video Event Data Recorder (VEDR) Market Forecast By Vehicle Type
6.2.1. Passenger Cars
6.2.1.1. Absolute $ Opportunity
6.2.1.2. Market Value Forecast
6.2.2. Light Commercial Vehicles
6.2.2.1. Absolute $ Opportunity
6.2.2.2. Market Value Forecast
6.2.3. Heavy Commercial Vehicles
6.2.3.1. Absolute $ Opportunity
6.2.3.2. Market Value Forecast
6.3. Global Video Event Data Recorder (VEDR) Market Attractiveness Analysis, By Vehicle Type
7. Global Video Event Data Recorder (VEDR) Market Analysis, By End User
7.1. Introduction
7.1.1. Y-o-Y Growth Comparison, By End User
7.1.2. Basis Point Share (BPS) Analysis, By End User
7.2. Global Video Event Data Recorder (VEDR) Market Forecast Analysis, By End User
7.2.1. Law & Enforcement Agencies
7.2.1.1. Absolute $ Opportunity
7.2.1.2. Market Value Forecast
7.2.2. Commercial Fleet
7.2.2.1. Absolute $ Opportunity
7.2.2.2. Market Value Forecast
7.3. Global Video Event Data Recorder (VEDR) Market Attractiveness Analysis, By Sales Channel
8. Global Video Event Data Recorder (VEDR) Market Analysis, By Sales Channel
8.1. Introduction
8.1.1. Y-o-Y Growth Comparison, By Sales Channel
8.1.2. Basis Point Share (BPS) Analysis, By Sales Channel
8.2. Global Video Event Data Recorder (VEDR) Market Attractiveness Analysis, By Sales Channel
8.2.1. Auto OEM
8.2.1.1. Absolute $ Opportunity
8.2.1.2. Market Value Forecast
8.2.2. Aftermarkets
8.2.2.1. Absolute $ Opportunity
8.2.2.2. Market Value Forecast
8.3. Global Video Event Data Recorder (VEDR) Market Attractiveness Analysis, By Sales Channel
9. Global Video Event Data Recorder (VEDR) Market Analysis, By Region
9.1. Introduction
9.1.1. Y-o-Y Growth Projections, By Region
9.1.2. Basis Point Share (BPS) Analysis, By Region
9.2. Global Video Event Data Recorder (VEDR) Market Forecast By Region
9.2.1. North America Market Value Forecast
9.2.2. Latin America Market Value Forecast
9.2.3. Asia Pacific excluding Japan Market Value Forecast
9.2.4. Japan Market Value Forecast
9.2.5. Eastern Europe Market Value Forecast
9.2.6. Western Europe Market Value Forecast
9.2.7. Middle East & Africa Market Value Forecast
9.3. Regional Attractiveness Analysis
10. North America Video Event Data Recorder (VEDR) Market Analysis
10.1. Introduction
10.1.1. Y-o-Y Growth Projections, By Country
10.1.2. Basis Point Share (BPS) Analysis, By Country
10.2. North America Video Event Data Recorder (VEDR) Market Forecast
10.2.1. Market Value Forecast By Country
10.2.1.1. U.S. Absolute $ Opportunity
10.2.1.2. Canada Absolute $ Opportunity
10.2.2. Market Value Forecast By Type of Data Storage
10.2.2.1. Flash Card
10.2.2.2. Cloud Data Storage
10.2.3. Market Value Forecast By Vehicle Type
10.2.3.1. Passenger Cars
10.2.3.2. Light Commercial Vehicles
10.2.3.3. Heavy Commercial Vehicles
10.2.4. Market Value Forecast By End User
10.2.4.1. Law & enforcement agencies
10.2.4.2. Commercial Fleet
10.2.5. Market Value Forecast By Sales Channel

10.2.5.1. Auto OEM
10.2.5.2. Aftermarket

10.2.6. Video Event Data Recorder (VEDR) Market Attractiveness Analysis
10.2.6.1. By Type of Data Storage
10.2.6.2. By Vehicle Type
10.2.6.3. By End User
10.2.6.4. By Sales Channel
10.2.7. Drivers & Restraints: Impact Analysis
11. Latin America Video Event Data Recorder (VEDR) Market Analysis
11.1. Introduction
11.1.1. Y-o-Y Growth Projections, By Country
11.1.2. Basis Point Share (BPS) Analysis, By Country
11.2. Latin America Video Event Data Recorder (VEDR) Market Forecast
11.2.1. Market Value Forecast By Country
11.2.1.1. Mexico Absolute $ Opportunity
11.2.1.2. Brazil Absolute $ Opportunity
11.2.1.3. Rest of LATAM Absolute $ Opportunity
11.2.2. Market Value Forecast By Type of Data Storage
11.2.2.1. Flash Card
11.2.2.2. Cloud Data Storage
11.2.3. Market Value Forecast By Vehicle Type
11.2.3.1. Passenger Cars
11.2.3.2. Light Commercial Vehicles
11.2.3.3. Heavy Commercial Vehicles
11.2.4. Market Value Forecast By End User
11.2.4.1. Law & enforcement agencies
11.2.4.2. Commercial Fleet
11.2.5. Market Value Forecast By Sales Channel
11.2.5.1. Auto OEM
11.2.5.2. Aftermarket
11.2.6. Video Event Data Recorder (VEDR) Market Attractiveness Analysis
11.2.6.1. By Type of Data Storage
11.2.6.2. By Vehicle Type
11.2.6.3. By End User
11.2.6.4. By Sales Channel
11.2.7. Drivers & Restraints: Impact Analysis
12. APAC excluding Japan Video Event Data Recorder (VEDR) Market Analysis
12.1. Introduction
12.1.1. Y-o-Y Growth Projections, By Country
12.1.2. Basis Point Share (BPS) Analysis, By Country
12.2. APAC excluding Japan Video Event Data Recorder (VEDR) Market Forecast
12.2.1. Market Value Forecast By Country
12.2.1.1. China Absolute $ Opportunity
12.2.1.2. India Absolute $ Opportunity
12.2.1.3. ASEAN Absolute $ Opportunity
12.2.1.4. ANZ Absolute $ Opportunity
12.2.1.5. Rest of APAC excluding Japan Absolute $ Opportunity
12.2.2. Market Value Forecast By Type of Data Storage
12.2.2.1. Flash Card
12.2.2.2. Cloud Data Storage
12.2.3. Market Value Forecast By Vehicle Type
12.2.3.1. Passenger Cars
12.2.3.2. Light Commercial Vehicles
12.2.3.3. Heavy Commercial Vehicles
12.2.4. Market Value Forecast By End User
12.2.4.1. Law & enforcement agencies
12.2.4.2. Commercial Fleet
12.2.5. Market Value Forecast By Sales Channel
12.2.5.1. Auto OEM
12.2.5.2. Aftermarket
12.2.6. Video Event Data Recorder (VEDR) Market Attractiveness Analysis
12.2.6.1. By Type of Data Storage
12.2.6.2. By Vehicle Type
12.2.6.3. By End User
12.2.6.4. By Sales Channel
12.2.7. Drivers & Restraints: Impact Analysis
13. Japan Video Event Data Recorder (VEDR) Market Analysis
13.1. Japan Video Event Data Recorder (VEDR) Market Forecast
13.1.1. Market Value Forecast By Type of Data Storage
13.1.1.1. Flash Card
13.1.1.2. Cloud Data Storage
13.1.2. Market Value Forecast By Vehicle Type
13.1.2.1. Passenger Cars
13.1.2.2. Light Commercial Vehicles
13.1.2.3. Heavy Commercial Vehicles
13.1.3. Market Value Forecast By End User
13.1.3.1. Law & enforcement agencies
13.1.3.2. Commercial Fleet
13.1.4. Market Value Forecast By Sales Channel
13.1.4.1. Auto OEM
13.1.4.2. Aftermarket
13.1.5. Video Event Data Recorder (VEDR) Market Attractiveness Analysis
13.1.5.1. By Type of Data Storage
13.1.5.2. By Vehicle Type
13.1.5.3. By End User
13.1.5.4. By Sales Channel
13.1.6. Drivers & Restraints: Impact Analysis
14. Eastern Europe Video Event Data Recorder (VEDR) Market Analysis
14.1. Introduction
14.1.1. Y-o-Y Growth Projections, By Country
14.1.2. Basis Point Share (BPS) Analysis, By Country
14.2. Eastern Europe Video Event Data Recorder (VEDR) Market Forecast
14.2.1. Market Value Forecast By Country/Region
14.2.1.1. Russia Absolute $ Opportunity
14.2.1.2. Poland Absolute $ Opportunity
14.2.1.3. Rest of Eastern Europe Absolute $ Opportunity
14.2.2. Market Value Forecast By Type of Data Storage
14.2.2.1. Flash Card
14.2.2.2. Cloud Data Storage
14.2.3. Market Value Forecast By Vehicle Type
14.2.3.1. Passenger Cars
14.2.3.2. Light Commercial Vehicles
14.2.3.3. Heavy Commercial Vehicles
14.2.4. Market Value Forecast By End User
14.2.4.1. Law & enforcement agencies
14.2.4.2. Commercial Fleet
14.2.5. Market Value Forecast By Sales Channel
14.2.5.1. Auto OEM
14.2.5.2. Aftermarket
14.2.6. Video Event Data Recorder (VEDR) Market Attractiveness Analysis
14.2.6.1. By Type of Data Storage
14.2.6.2. By Vehicle Type
14.2.6.3. By End User
14.2.6.4. By Sales Channel
14.2.7. Drivers & Restraints: Impact Analysis
15. Western Europe Video Event Data Recorder (VEDR) Market Analysis
15.1. Introduction
15.1.1. Y-o-Y Growth Projections, By Country
15.1.2. Basis Point Share (BPS) Analysis, By Country
15.2. Western Europe Video Event Data Recorder (VEDR) Market Forecast
15.2.1. Market Value Forecast By Country/Region
15.2.1.1. Germany Absolute $ Opportunity
15.2.1.2. France Absolute $ Opportunity
15.2.1.3. U.K. Absolute $ Opportunity
15.2.1.4. Spain Absolute $ Opportunity
15.2.1.5. Italy Absolute $ Opportunity
15.2.1.6. Nordic Absolute $ Opportunity
15.2.1.7. Benelux Absolute $ Opportunity
15.2.1.8. Rest of Western Europe Absolute $ Opportunity
15.2.2. Market Value Forecast By Type of Data Storage
15.2.2.1. Flash Card
15.2.2.2. Cloud Data Storage
15.2.3. Market Value Forecast By Vehicle Type
15.2.3.1. Passenger Cars
15.2.3.2. Light Commercial Vehicles
15.2.3.3. Heavy Commercial Vehicles
15.2.4. Market Value Forecast By End User
15.2.4.1. Law & enforcement agencies
15.2.4.2. Commercial Fleet
15.2.5. Market Value Forecast By Sales Channel
15.2.5.1. Auto OEM
15.2.5.2. Aftermarket
15.2.6. Video Event Data Recorder (VEDR) Market Attractiveness Analysis
15.2.6.1. By Type of Data Storage
15.2.6.2. By Vehicle Type
15.2.6.3. By End User
15.2.6.4. By Sales Channel
15.2.7. Drivers & Restraints: Impact Analysis
16. Middle East & Africa (MEA) Video Event Data Recorder (VEDR) Market Analysis
16.1. Introduction
16.1.1. Y-o-Y Growth Projections, By Country
16.1.2. Basis Point Share (BPS) Analysis, By Country
16.2. MEA Video Event Data Recorder (VEDR) Market Forecast
16.2.1. Market Value Forecast By Country/Region
16.2.1.1. GCC Absolute $ Opportunity
16.2.1.2. N. Africa Absolute $ Opportunity
16.2.1.3. S. Africa Absolute $ Opportunity
16.2.1.4. Rest of MEA Absolute $ Opportunity
16.2.2. Market Value Forecast By Type of Data Storage
16.2.2.1. Flash Card
16.2.2.2. Cloud Data Storage
16.2.3. Market Value Forecast By Vehicle Type
16.2.3.1. Passenger Cars
16.2.3.2. Light Commercial Vehicles
16.2.3.3. Heavy Commercial Vehicles
16.2.4. Market Value Forecast By End User
16.2.4.1. Law & enforcement agencies
16.2.4.2. Commercial Fleet
16.2.5. Market Value Forecast By Sales Channel
16.2.5.1. Auto OEM
16.2.5.2. Aftermarket
16.2.6. Video Event Data Recorder (VEDR) Market Attractiveness Analysis
16.2.6.1. By Type of Data Storage
16.2.6.2. By Vehicle Type
16.2.6.3. By End User
16.2.6.4. By Sales Channel
16.2.7. Drivers & Restraints: Impact Analysis
17. Competition Landscape
17.1. Competition Dashboard
17.2. Market Structure
17.3. Company Profiles
17.3.1. Digital Ally Inc
17.3.1.1. Revenue
17.3.1.2. Products/Brand Offerings
17.3.1.3. Company Highlights
17.3.2. Octo Telematics Ltd, (OCTOCAM Srl)
17.3.3. WatchGuard Video
17.3.4. L-3 Mobile-Vision
17.3.5. COBAN Technologies, Inc.
17.3.6. Omnitracs
17.3.7. Safety Vision, LLC.
17.3.8. Convoy Technologies