Report ID: UCMIG25A2109
Report ID:
UCMIG25A2109 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global market for car digital video recorders, with a 2022 valuation of USD 301.2 million, is anticipated to experience substantial growth. It is expected to increase from USD 332.4 million in 2023 to reach USD 716.5 million by 2030, showcasing a compound annual growth rate (CAGR) of 11.6% throughout the forecast period. Car digital video recorders, commonly referred to as car DVRs, are compact devices that can be easily installed on a vehicle's dashboard or windshield to capture both front and rear views. These devices serve as unobtrusive witnesses, recording video footage in the event of an accident, which can then be stored on either an SD card or internal storage.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Auto Parts & Equipment by segment aggregation, the contribution of the Auto Parts & Equipment in Automobiles & Components and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG25A2109