About The Report
The global video event data recorder (VEDR) market was valued at nearly USD 1,500 Million in 2015 and is projected to reach approximately USD 3,500 Million by 2026. Sales revenue is expected to increase at a CAGR of 6.9% during the assessment period (2016 to 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.
“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
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.
Demand for video event data recorder is likely to grow at a CAGR of 7% through 2032.
Sales of video event data recorder is likely to exceed a valuation of USD 5252.55 million by 2032.
Adoption of video event data recorder is likely to reach a valuation of USD 2670.13 million in 2022.
North America is the key video event data recorder market contributor.
Table 01: Global VEDR Market Value (US$ Mn) Forecast, By Type of Data Storage, 2015–2026
Table 02: Global VEDR Market Value (US$ Mn) Forecast, By Vehicle Type, 2015–2026
Table 03: Global VEDR Market Value (US$ Mn) Forecast, By End User, 2015–2026
Table 04: Global VEDR Market Value (US$ Mn) Forecast, By Sales Channel, 2015–2026
Table 05: Global VEDR Market Value (US$ Mn) Forecast, By Region, 2015–2026
Table 06: North America VEDR Market Value (US$ Mn) Forecast and Absolute $ Opportunity, By Country, 2015–2026
Table 07: North America VEDR Market Value (US$ Mn) Forecast, By Type of Data Storage, 2015–2026
Table 08: North America VEDR Market Value (US$ Mn) Forecast, By Vehicle Type, 2015–2026
Table 09: North America VEDR Market Value (US$ Mn) Forecast, By End User, 2015–2026
Table 10: North America VEDR Market Value (US$ Mn) Forecast, By Sales Channel, 2015–2026
Table 11: Latin America VEDR Market Value (US$ Mn) Forecast and Absolute $ Opportunity, By Country, 2015–2026
Table 12: Latin America VEDR Market Value (US$ Mn) Forecast, By Type of Data Storage, 2015–2026
Table 13: Latin America VEDR Market Value (US$ Mn) Forecast, By Vehicle Type, 2015–2026
Table 14: Latin America VEDR Market Value (US$ Mn) Forecast, By End User, 2015–2026
Table 15: Latin America VEDR Market Value (US$ Mn) Forecast, By Sales Channel, 2015–2026
Table 16: Western Europe VEDR Market Value (US$ Mn) Forecast and Absolute $ Opportunity, By Country, 2015–2026
Table 17: Western Europe VEDR Market Value (US$ Mn) Forecast and Absolute $ Opportunity, By Country, 2015–2026
Table 18:Western Europe VEDR Market Value (US$ Mn) Forecast, By Type of Data Storage, 2015–2026
Table 19: Western Europe VEDR Market Value (US$ Mn) Forecast, By Vehicle Type, 2015–2026
Table 20: Western Europe VEDR Market Value (US$ Mn) Forecast, By End User, 2015–2026
Table 21: Western Europe VEDR Market Value (US$ Mn) Forecast, By Sales Channel, 2015–2026
Table 22: Eastern Europe VEDR Market Value (US$ Mn) Forecast and Absolute $ Opportunity, By Country, 2015–2026
Table 23: Eastern Europe VEDR Market Value (US$ Mn) Forecast, By Type of Data Storage, 2015–2026
Table 24: Eastern Europe VEDR Market Value (US$ Mn) Forecast, By Vehicle Type, 2015–2026
Table 25: Eastern Europe VEDR Market Value (US$ Mn) Forecast, By End User, 2015–2026
Table 26: Eastern Europe VEDR Market Value (US$ Mn) Forecast, By Sales Channel, 2015–2026
Table 27: APEJ VEDR Market Value (US$ Mn) Forecast and Absolute $ Opportunity, By Country, 2015–2026
Table 28: APEJ VEDR Market Value (US$ Mn) Forecast and Absolute $ Opportunity, By Country, 2015–2026 (Contd.)
Table 29: APEJ VEDR Market Value (US$ Mn) Forecast, By Type of Data Storage, 2015–2026
Table 30: APEJ VEDR Market Value (US$ Mn) Forecast, By Vehicle Type, 2015–2026
Table 31: APEJ VEDR Market Value (US$ Mn) Forecast, By End User, 2015–2026
Table 32: APEJ VEDR Market Value (US$ Mn) Forecast, By Sales Channel, 2015–2026
Table 33: Japan VEDR Market Value (US$ Mn) Forecast, By Type of Data Storage, 2015–2026
Table 34: Japan VEDR Market Value (US$ Mn) Forecast, By Vehicle Type, 2015–2026
Table 35: Japan VEDR Market Value (US$ Mn) Forecast, By End User, 2015–2026
Table 36: Japan VEDR Market Value (US$ Mn) Forecast, By Sales Channel, 2015–2026
Table 37: MEA VEDR Market Value (US$ Mn) Forecast and Absolute $ Opportunity, By Country, 2015–2026
Table 38: MEA VEDR Market Value (US$ Mn) Forecast, By Type of Data Storage, 2015–2026
Table 39: MEA VEDR Market Value (US$ Mn) Forecast, By Vehicle Type, 2015–2026
Table 40: MEA VEDR Market Value (US$ Mn) Forecast, By End User, 2015–2026
Table 41: MEA VEDR Market Value (US$ Mn) Forecast, By Sales Channel, 2015–2026
Figure 01: Global VEDR Market Value (US$ Mn) & Growth (%) Forecast, 2015–2026
Figure 02: Global VEDR Market Absolute $ Opportunity, 2016 –2026
Figure 03: Global VEDR Market Value Share (%) & BPS Analysis, By Type of Data Storage, 2016 & 2026
Figure 04: Global VEDR Market Value Y-o-Y Growth Comparison, By Type of Data Storage, 2016 & 2026
Figure 05: Global VEDR Market Absolute $ Opportunity (US$ Mn), By Type of Data Storage, 2015–2026
Figure 06: Global VEDR Market Attractiveness Analysis, By Type of Data Storage, 2016–2026
Figure 07: Global VEDR Market Value Share (%) & BPS Analysis, By Vehicle Type, 2016 & 2026
Figure 08: Global VEDR Market Value Y-o-Y Growth Comparison, By Vehicle Type, 2016 & 2026
Figure 09: Global VEDR Market Absolute $ Opportunity (US$ Mn), By Vehicle Type, 2015–2026
Figure 10: Global VEDR Market Attractiveness Analysis, By Vehicle Type, 2016–2026
Figure 11: Global VEDR Market Value Share (%) & BPS Analysis, By End User, 2016 & 2026
Figure 12: Global VEDR Market Value Y-o-Y Growth Comparison, By End User, 2016 & 2026
Figure 13: Global VEDR Market Absolute $ Opportunity (US$ Mn), By End User, 2015–2026
Figure 14: Global VEDR Market Attractiveness Analysis, By End User, 2016–2026
Figure 15: Global VEDR Market Value Share (%) & BPS Analysis, By Sales Channel, 2016 & 2026
Figure 16: Global VEDR Market Value Y-o-Y Growth Comparison, By Sales Channel, 2016 & 2026
Figure 17: Global VEDR Market Absolute $ Opportunity (US$ Mn), By Sales Channel, 2015–2026
Figure 18: Global VEDR Market Attractiveness Analysis, By Sales Channel, 2016–2026
Figure 19: Global VEDR Market Value Share (%) & BPS Analysis, By Region, 2016 & 2026
Figure 20: Global VEDR Market Value Y-o-Y Growth Comparison, By Region, 2016 & 2026
Figure 21: Global VEDR Market Absolute $ Opportunity (US$ Mn), By Region, 2015–2026
Figure 22: Global VEDR Market Attractiveness Analysis, By Region, 2016–2026
Figure 23: North America VEDR Market Value Share (%) & BPS Analysis, By Country, 2016 & 2026
Figure 24: North America VEDR Market Y-o-Y Growth Comparison, By Country, 2016–2026
Figure 25: North America VEDR Market Attractiveness Analysis, By Country, 2016–2026
Figure 26: North America SAN Market Attractiveness Analysis, By Type of Data Storage, 2016–2026
Figure 27: North America SAN Market Attractiveness Analysis, By Vehicle Type, 2016–2026
Figure 28: North America SAN Market Attractiveness Analysis, By End User, 2016–2026
Figure 29: North America SAN Market Attractiveness Analysis, By Sales Channel, 2016–2026
Figure 30: Latin America VEDR Market Value Share (%) & BPS Analysis, By Country, 2016 & 2026
Figure 31: Latin America VEDR Market Y-o-Y Growth Comparison, By Country, 2016–2026
Figure 32: Latin America VEDR Market Attractiveness Analysis, By Country, 2016–2026
Figure 33: Latin America VEDR Market Attractiveness Analysis, By Type of Data Storage, 2016–2026
Figure 34: Latin America VEDR Market Attractiveness Analysis, By Vehicle Type, 2016–2026
Figure 35: Latin America VEDR Market Attractiveness Analysis, By End User, 2016–2026
Figure 36: Latin America VEDR Market Attractiveness Analysis, By Sales Channel, 2016–2026
Figure 37: Western Europe VEDR Market Value Share (%) & BPS Analysis, By Country, 2016 & 2026
Figure 38: Western Europe VEDR Market Y-o-Y Growth Comparison, By Country, 2016–2026
Figure 39: Western Europe VEDR Market Attractiveness Analysis, By Country, 2016–2026
Figure 40: Western Europe VEDR Market Attractiveness Analysis, By Type of Data Storage, 2016–2026
Figure 41: Western Europe VEDR Market Attractiveness Analysis, By Vehicle Type, 2016–2026
Figure 42: Western Europe VEDR Market Attractiveness Analysis, By End User, 2016–2026
Figure 43: Western Europe VEDR Market Attractiveness Analysis, By Sales Channel, 2016–2026
Figure 44: Eastern Europe VEDR Market Value Share (%) & BPS Analysis, By Country, 2016 & 2026
Figure 45: Eastern Europe VEDR Market Y-o-Y Growth Comparison, By Country, 2016–2026
Figure 46: Eastern Europe VEDR Market Attractiveness Analysis, By Country, 2016–2026
Figure 47: Eastern Europe VEDR Market Attractiveness Analysis, By Type of Data Storage, 2016–2026
Figure 48: Eastern Europe VEDR Market Attractiveness Analysis, By Vehicle Type, 2016–2026
Figure 49: Eastern Europe VEDR Market Attractiveness Analysis, By End User, 2016–2026
Figure 50: Eastern Europe VEDR Market Attractiveness Analysis, By Sales Channel, 2016–2026
Figure 51: APEJ VEDR Market Value Share (%) & BPS Analysis, By Country, 2016 & 2026
Figure 52: APEJ VEDR Market Y-o-Y Growth Comparison, By Country, 2016–2026
Figure 53: APEJ VEDR Market Attractiveness Analysis, By Country, 2016–2026
Figure 54: APEJ VEDR Market Attractiveness Analysis, By Type of Data Storage, 2016–2026
Figure 55: APEJ VEDR Market Attractiveness Analysis, By Vehicle Type, 2016–2026
Figure 56: APEJ VEDR Market Attractiveness Analysis, By End User, 2016–2026
Figure 57: Western Europe VEDR Market Attractiveness Analysis, By Sales Channel, 2016–2026
Figure 58: Japan VEDR Market Attractiveness Analysis, By Type of Data Storage, 2016–2026
Figure 59: Japan VEDR Market Attractiveness Analysis, By Vehicle Type, 2016–2026
Figure 60: Japan VEDR Market Attractiveness Analysis, By End User, 2016–2026
Figure 61: Japan VEDR Market Attractiveness Analysis, By Sales Channel, 2016–2026
Figure 62: MEA VEDR Market Value Share (%) & BPS Analysis, By Country, 2016 & 2026
Figure 63: MEA VEDR Market Y-o-Y Growth Comparison, By Country, 2016–2026
Figure 64: MEA VEDR Market Attractiveness Analysis, By Country, 2016–2026
Figure 65: MEA VEDR Market Attractiveness Analysis, By Type of Data Storage, 2016–2026
Figure 66: APEJ VEDR Market Attractiveness Analysis, By Vehicle Type, 2016–2026
Figure 67: MEA VEDR Market Attractiveness Analysis, By End User, 2016–2026
Figure 68: MEA VEDR Market Attractiveness Analysis, By Sales Channel, 2016–2026
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