Global Accident Recorders Market Is Predicted To Increase At A High CAGR Of 7.3% To Reach Us$ 5.89 Billion By 2032

Posted on 2022-11-18 by Fact.MR in Automotive // 0 Comments

Worldwide consumption of accident recorders currently stands at a value of US$ 2.91 billion. The global accident recorders market is predicted to increase at a high CAGR of 7.3% to reach US$ 5.89 billion by 2032.

The lives of almost 1.3 million people are ended prematurely every year as a result of traffic accidents. An extra 20 to 50 million people suffer non-fatal injuries, many of whom suffer from disabilities. Around 8% of the global recorders market is comprised of accident recorders.

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Competitive Landscape

The emergence of several local and regional companies has led to the highly fragmented and competitive nature of the global accident recorders market. Major players use a variety of marketing tactics, including mergers & acquisitions, expansions, partnerships, and collaborations.

Additionally, the top businesses use new product innovation as a strategic way to enhance their market position among consumers. Accident recording devices have become more popular as a result of these tactics.

In 2022, Dragonfly Technologies’ acquisition by BlackBox Guard was announced. This acquisition will help the business expand its footprint in the area and improve its expertise in areas such as enterprise networking, automation & consulting, and cyber security.

Key Companies Profiled :

Delphi Technologies
Continental
Blackbox Guard
BlackVue
Garmin
Papgo
Spy Tec
Thinkware
Wicked HD
Valeo
Clarion
Eken
RoadHawk
Transcend

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Key Segments Covered in Accident Recorders Industry Research

Accident Recorders Market by Product :
- Single Channel Accident Recorders
- Dual Channel Accident Recorders
Accident Recorders Market by Application :
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Accident Recorders Market by Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA

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Questionnaire answered in the Accident Recorders Market report include:

How the market for Accident Recorders has grown?
What is the present and future outlook of the global Accident Recorders on the basis of region?
What are the challenges and opportunities for the Accident Recorders?
Why the consumption of Accident Recorders highest in region?
In which year segment is expected to overtake segment?

What makes Fact.MR report stand out from others?

Fact.MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Accident Recorders market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Accident Recorders market, thus, making it different and special from other reports.
Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Accident Recorders market and assists to create strategies to overcome the obstacles that may hinder the growth of the Accident Recorders market.
Leverage: The Accident Recorders market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Accident Recorders market.

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