Video Event Data Recorder Market: Transparent Insurance Procedures and Improved Monitoring of Public Transport and Fleet Operations to Fuel Demand for VEDR in the Passenger Cars Segment: Global Industry Analysis and Opportunity Assessment, 2016-2026

  • Published: 2017-01-18
  • Report Code: REP-GB-1735

An Incisive, In-depth Analysis on the Video Event Data Recorder Vedr Market

This study offers a comprehensive, 360 degree analysis on the Video Event Data Recorder Vedr market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Video Event Data Recorder Vedr market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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.

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

Total Incremental Opportunity (2016–2026)

Passenger Cars

Light Commercial Vehicles

Heavy Commercial Vehicles

US$ 521.9 Mn

US$ 706.4 Mn

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

video event data recorder market_Image for preview analysis

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.

Future Market Insights presents a comprehensive analysis of the global video event data recorder market in a new publication titled ‘Video Event Data Recorder Market: Global Industry Analysis and Opportunity Assessment, 2016–2026’. In this report, Future Market Insights has focussed on offering detailed insights and in-depth research on the global video event data recorder market over a 10 year forecast period 2016 – 2026. In this report, we have covered the important factors driving the expansion of the global video event data recorder market; untapped opportunities for market players in this field; trends and developments shaping the dynamics of the global video event data recorder market; and other insights across various key segments. In addition, we have identified the key drivers and restraints affecting the development of the global video event data recorder market. Changing trends are also analysed and incorporated in the report to equip clients with exhaustive information about the market resulting in better decision making. Macroeconomic factors that directly and indirectly affect the performance of the global video event data recorder market are also incorporated in the report.

Methodology adopted while researching the global video event data recorder market

The forecast presented in our report assesses the total revenue by value across the global video event data recorder market. In order to offer an accurate forecast, we have started by sizing the current market, which forms the basis of how the global video event data recorder market will develop in the future. Given the volatile characteristics of the market, we have triangulated the outcome of different types of analyses, based on the technology trends.

Future Market Insights analysts have taken a structured research approach to arrive at a comprehensive revenue forecast of the global video event data recorder market. The research methodology adopted in this study is based on forecasts that focus on both global as well as regional trends in the economy, technology and population; along with company, product, country and demography specific trends. These trends are analysed thoroughly and underlying factors are also identified.

“We have considered factors such as economic, technological, institutional, behavioural and competitive factors, as well as other factors that may impact the performance of the global video event data recorder market.”

In the next step, we have built detailed forecasting models to quantify the impact of each of these factors on industry spending and created a forecast scenario for each causative factor to identify the contribution of each factor to overall market performance. In addition to annual spending figures, data such as country-wise vehicle production, country-wise vehicle sales, consumer spending, adoption rates of automotive telematics devices and services across regions, and revenue contribution of the top players is also taken into account. In order to accurately represent the impact of these figures on annual spending, annual averages are used rather than year end totals. Figures are estimated in local currencies for each country and then converted to US dollars (US$) using the average 2016 exchange rate, which is held constant for each historical year and forecast year. This means the figures reflect industry trends, rather than being distorted by fluctuations in international exchange rates. 

Key metrics incorporated in the report

  • CAGR for the various segments across key regions assessed

  • Year-on-Year (YoY) growth rate for the different segments growth to understand the predictability of the market and to identify the right opportunities across the global video event data recorder market

  • Basis Point Share (BPS) analysis to understand individual segments’ relative contribution to market growth and hence identify the key trends governing the global video event data recorder market

  • Absolute dollar opportunity analysis of all key market segments to assess the level of opportunity that providers can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global video event data recorder market

Market Segmentation

By Type of Data Storage

By Vehicle Type

By End User

By Sales Channel

By Region

  • Flash Card

  • Cloud Data Storage

  • Passenger Cars

  • Light Commercial Vehicles (LCVs)

  • Heavy Commercial Vehicles (HCVs)

  • Law & Enforcement Agencies (LEAs)

  • Commercial Fleet

  • Auto OEM

  •  Aftermarket

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • Asia Pacific excluding Japan (APEJ)

  • Middle East and Africa (MEA)

  • Japan

Sectional overview of the report on the global video event data recorder market

The first section of the report contains the definition of the global video event data recorder market and a write up regarding how the analysts at Future Market Insights have segmented the target market. The next sub section details the research methodology that has been used to arrive at the indicated market numbers. This is followed by a sub section about the acronyms and assumptions considered in report.

The second section of the report briefly elaborates the major factors impacting and enabling the growth of the global video event data recorder market as well as the growth of the parent industry. This section also includes a description of the key growth drivers and the impact of various drivers on the global video event data recorder market. This section also includes a description of the major challenges and the impact of these challenges on the global video event data recorder market. Further, in this section, the correlation of the global video event data recorder market with the parent industry is also given along with its performance. Lastly, this section highlights the trends and recent developments in the global video event data recorder market.

The third section of this report presents a detailed analysis of and insights into the target market and includes information such as market size and CAGR – historic, current, estimated and forecasted for the next 10 years. Year-on-year growth rate comparison along with the market share of individual segments and sub-segments has also been included in this section. Last but not the least, the absolute dollar opportunity recorded by each segment of the global video event data recorder market across the different assessed regions is also provided in this section.

The last section of the report is dedicated to a competition assessment in the global video event data recorder market along with the company profiles of some of the key players in this market. This competitive landscape encompasses a dashboard view of the competitive benchmarking, based on a relative positioning of the competitors and product offerings of the leading market players. Company profiles cover a broad business overview, financials, recent developments, SWOT analysis and brief business strategies adopted by key players operating in the global video event data recorder market.

Video Event Data Recorder Vedr Market Reports - Table of Contents

Video Event Data Recorder Vedr Market Reports - List of Tables

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

Video Event Data Recorder Vedr Market Reports - List of Figures

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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