Event data recorders (EDR) are devices that record information related to an event such as vehicle crash. Video Event data recorders (VEDR) are upgraded versions of EDR devices, which are installed in an automobile to record and store video, audio and other detailed information related to road events and vehicles. Event data recorders are also known as Journey Data Recorder (JDR). Video event data recorder (VEDR) record data and analyses during a limited time frame - immediate before event, during and after the event. The collected data includes information about the mechanism like airbag status in vehicle, battery conditions, direction heading, cruise control, lamp status, acceleration of vehicle, break retarder system status, safety belt status, engine Revolutions per Minute (RPM) and mainly driver behavior and the third parties involved in the accident. This data is retrieved using software tool Crash Data Retrieval System (CDR system). Video event data recorders are also used for evaluating safety technologies, improve road transport system and understand the better mechanism of injuries. Video event data recorder (VEDR) is considers as a major tool as it enhance the driver training as well as refining legal processes. Overall, the global video event data recorder market is expected to register a healthy CAGR over a forecast period.
Global Video Event Data Recorder (VEDR) Market: Drivers and Restraints
Video event data recorder (VEDR) improves the quality of the data output by the offering improved data storage capacity, audio video capturing quality over the conventional Event data recorder (EDR). This is expected to boost the global video event data recorders (VEDR) market growth. Other factors such as strict government legislations, law enforcement about the installation of event data recorder in a vehicle further fuels the global video event data recorder (VEDR) market growth. Awareness about safety, helping in the insurance claiming process, overwhelming trend for voluntary installation by the end users aids to grow the global video event data recorder market. However, installation of video event data recorder (VEDR) by manufactures in every vehicle can lead to the privacy concern of user which is restraining factor for global video event data recorder (VEDR) market growth. Also, installation and after crash data collection process is expensive as it hampers the growth of global video event data recorder (VEDR) market.
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Global Video Event Data Recorder (VEDR) Market: Segmentation
On the basis of types, the global video event data recorder (VEDR) market is segmented as follows-
- Flash card
- Cloud computing
On the basis of vehicle type, the global video event data recorder (VEDR) market is segmented as follows-
- PC (Passenger Cars)
- LCV (Light Commercial Vehicles)
- HCV (Heavy Commercial Vehicles)
On the basis of channel, the global video event data recorder (VEDR) market is segmented as follows-
- OEMs (automotive original equipment manufacturers)
On the basis of data recording, the global video event data recorder (VEDR) market is segmented as follows-
- Pre trash vehicle dynamics and system status
- Driver inputs
- Vehicle trash signature
- Restraint usage and deployment status
- Post trash data
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Global Video Event Data Recorder (VEDR) Market: Region Wise Outlook
The is segmented into the seven regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan, Middle East and Africa (MEA). Among the mentioned regions, North America and Latin America are currently, dominating the global video event data recorder (VEDR) market. This is due to government legislations, awareness about safety majors related to video event data recorder (VEDR), which drive the demand for video event data recorders in automobiles among the regions. Japan, Western Europe and Eastern Europe collectively contribute significant market share followed by North America and Latin America. In APEJ region countries such as India and China are key focus area for video event data recorder players as these countries are hub for automotive aftermarket manufacturers. The MEA region is expected to show a modest CAGR over a forecast period.
Global Video Event Data Recorder (VEDR) Market: Key Players
- Digital Ally Inc.
- Octo Telematics Ltd,
- Shenzhen Relee Electronics & Technology Co., Ltd
- CANSONIC INC
- Shenzhen DOME Technology Co.,Ltd
- Shenzhen Supa Industry Co., Ltd.
- Fuho Technology Co., Ltd.
- Shenzhen Mfine Technology Co., Ltd.
- Yiwu Power Tiger Auto Accessory Co., Ltd.
- FIRST SOURCING, INC.
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