The latest market intelligence study on the Car DVR market applies the best of both primary and secondary research techniques to bring to light the growth rate of the Car DVR market for the forecast period, 2019 - 2026. The comprehensive study covers hard to find facts about the market landscape as well as its growth prospects in the years to come. Most importantly, the research report includes vital statistics about the major vendors occupying a strong foothold in this industry. Besides this, in order to calculate the market share, the study takes a closer look at the selling price of the product across different regions.
Estimating the potential size of the Car DVR industry:
Industry experts conducting the study further estimate the potential of the Car DVR industry. Such information is important for firms looking to launch an innovative service or product on the market. Industry experts have measured the total volume of the given market. Researchers have calculated the industry in terms of sales by the competitors and end-user – customers. Data on the entire size of the Car DVR market for a particular product or a service for the forecast period, 2019 to 2026 covered in the report makes it valuable. This information reveals the upper limit of the Car DVR industry for a specific product or service.
Exploring growth rate over a period:
Business owners looking to scale up their business can refer this report that contains data regarding the rise in sales within a given consumer base for the forecast period, 2019 to 2026. Product owners can use this information along with the driving factors such as demographics and revenue generated from other products discussed in the report to get a better analysis of their products and services. Besides, the research analysts have compared the market growth rate with the product sales to enable business owners to determine the success or failure of a specific product or service.
1- Although single-channel car DVR will remain sought-after in the global market, sales of dual-channel car DVR are expected to register fastest expansion through 2022. Revenues generated by sales of single channel car DVR are expected to reach one billion dollar mark by 2022-end.
2- By price range, low-priced car DVR are expected to remain dominant in the market, expanding at high single-digit CAGR through 2022. In addition, sales of mid-priced car DVR will reach US$ 430.9 Mn in revenues by 2022-end.
3- By vehicle type, sales of DVR will be higher in passenger car segment vis-à-vis commercial segment. Revenues from commercial vehicle segment will remain comparatively lower, expanding at impressive CAGR through 2022.
4- Based on sales channel, aftermarket is projected to register highest CAGR in the market to reach revenues worth US$ 357 Mn in 2017. However, OEM will continue to be the largest segment in terms of revenues.
5- North America will continue to remain dominant in the global car DVR market. Sales of car DVR in this region is estimated to exhibit healthy CAGR through 2022.
6- The car DVR market is estimated to reach US$ 375.1 Mn in revenues by 2022-end. Sales of car DVR in Europe will continue to be influenced by rising consumer awareness and availability of affordable DVR in aftermarket.
7- Asia Pacific excluding Japan remains a lucrative market for manufacturers, owing to high automotive sales in emerging economies of China and India. Owing to the price-sensitivity of the consumers, manufacturers are focusing on providing a range of features at affordable costs. As a result, inclusion of features, such as airbags, music systems, and DVRs is gaining traction.
8- Sales of car DVR in Japan are expected to register stellar CAGR through 2022. The Japan car DVR market is expected to surpass US$ 125 Mn by 2022-end.
9- Key market players identified in the report include Amcrest Technologies, Cobra Electronics Corporation, Honeywell International, Inc., Vicord, ITronics Group Ltd, WatchGuard Video, Pittasoft Co. Ltd., PAPAGO Inc., and FINEDIGITAL Inc.
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