Accident Recorders Market Research Study Tracks Latest Developments and Future Outlook
Global Accident Recorders market is set to be influenced by a bevy of factors, including COVID-19 impact and broader public-private push toward inducing momentum. In a new comprehensive study, Fact.MR offers in-depth analysis and insights on how Accident Recorders sales will grow/decline during the forecast period (2018-2027).
In addition to offering quantitative analysis on Accident Recorders demand, the study also offers readers analysis on key factors that are likely to drive the market. From macroeconomic factors to subtle microeconomic factors, the study analyzes the minutest of details that have the potential to impact Accident Recorders industry during the assessment period.
The study also offers readers in-depth insights on the key challenges for Accident Recorderscompanies during the assessment period. The key challenges faced by OEMs as we as suppliers is also discussed in detail in the study.
What Big will be the Accident Recorders Market in 2024?
The study recalibrates the impact of COVID-19 on Accident Recorders sales, offering an analysis on short-term and long-term forecast. The impact of broader trends in the automotive industry have also been analyzed in the study.
Globally, automotive industry is looking at a period of recovery in 2024, as success with vaccine inoculation has raised the hopes of controlling the pandemic. Many automotive companies are also focusing on increasing exports to countries where the pandemic is less severe.
China, the largest automobile market in the world, is going through a period of ascendancy. The government in China is focusing on boosting infrastructure, whereas consumer sentiment is upbeat after a challenging 2024.
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In US and Europe, consumer sentiment is moving toward cautious optimism, however, it will be a long road to recovery in these countries. Still, there is growing consensus that 2024 will be a far better year for automotive sales in Europe and US.
A key area of concern for global automakers is the devastating second wave in India, one of the largest automobile markets globally. Things were looking up in India in first quarter of 2024, however, the resurgence of a virulent strain has led to lockdown and economic devastation. How all these developments impact automotive market in general and Accident Recorders sales in particular remains to be seen.
Accident Recorders Market: Outlook
A new report available with Fact.MR about the global accident recorders market delivers a comprehensive analysis that can assist industry players engaged in accident recorder manufacturing or are intended to initiate the business. The in-depth analysis includes all important factors that hold significant influence on the market growth throughout the forecast period of 2018 – 2027.
CDC states that every day approximately 9 death and 1000 injuries occur due to crashes in the United States. This statics are solely reported for the cases of distracted driving. Owing to increased incidences of distracted driving across the globe, the automotive industry is actively involved in the installation of safety and precautionary measures in the vehicles. As accident recorders save accurate information before, during and after the crash, it delivers a significant source of data for regulatory authorities and vehicle owners to precisely determine the cause of any crash. The fleet industry is another important end-user of the accident recorders. In addition, regulation on mandatory installation of accident recorders in race cars and incidences of self-driving car crashes are likely to boost adoption of accident recorders in the future.
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Competitive Landscape
The Fact.MR study profiles the business, product and other key strategies of the leading Accident Recorders companies in detail. The competitive landscape section of the study tracks market leaders, incumbents, and aspirants, laying out a layered information model that readers can use.
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Global Accident Recorder Market: Product Innovations
- Fleet Complete VisionTM is a new real-time video analytics solution launched by Fleet Complete. A combination of mobile video technology and telematics data enhances fleet safety and driver risk management. The product is considered as a complete solution designed to improve operational safety and accident management for fleet owners across several industries.
- ScottishPower is an energy company. In its vehicle replacement scheme, the company has plans to install Trakm8’s RoadHawk DC-2 forward facing camera in its new fleets. The new camera delivers video recording with 1080p resolution, gyro-balanced image stabilization, and a high-quality sensor. In addition, RoadHawk DC-2 has inbuilt G-sensor that enables automatic image saving in a separate folder during the detection of sudden jolt or impact. Further, the camera delivers result in bright as well as low light scenario.
Global Accident Recorder Market: Key players
Key market players of the global accident recorders market include Delphi, Continental, Blackbox Guard, BlackVue, Garmin, Papago, Spy Tec, Thinkware, WickedHD, Valeo, Clarion, Eken, RoadHawk, Transcend, and Old Shark & KDLINKS.
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