Video Event Data Recorder Market

Video Event Data Recorder Market: Global Industry Analysis &
Opportunity Assessment, 2016-2026
May 2017
Report Id : REP-GB-1735
Published On : Jan -2017
Category : Electronics, Semiconductors, and ICT
©2015 Future Market Insights, All Rights Reserved
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Research Methodology (1/2)
Systematic Research Approach
1
Market profiling
2
Formulating discussion guide
3
Developing list of respondents
4
In-depth secondary research is used to
ascertain overall market size, top
industry players, top products, industry
associations, etc.
PMR formulates a detailed discussion
guide to conduct expert and industry
interviews
PMR develops a list of industry players
(manufacturers), distributors, retailers
and industry experts
Data collection
PMR conducts interviews with industry
experts, industry players, distributors
and retailers
Data validation
Data is validated by triangulation
method, wherein secondary, primary
and PMR analysis contribute to the final
data
5
6
Data analysis
Insights
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Data is scrutinized using MS-Excel to
obtain qualitative and quantitative
insights about the industry
PMR delivers industry insights and
information in the required format
(PDF)
Data
Collection
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Research &
Intelligence
Data Filter
& Analysis
Identifying key opinion leaders
Questionnaire design
In-depth interviews
Coverage across value chain
Actionable
Insights
A
Primary
Research
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B
SOLUTION
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Market participants
Key strengths
Product portfolio
Mapping as per value chain
Key focus segments
Primary Research #
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Linkedin
Zoominfo
Salesforce
Avention
Business
Solution
Desk
Research
C
Key industry experts
Channel study
Developments
Market dynamics
Products
Conclusions
Company
Analysis
Secondary Research #
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Company websites
Company annual
reports
White papers
Financial reports
Paid Publications#
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Factiva
GBI
Genios
Meltwater
# includes sources of databases
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Video Event Data Recorder Market
Future Market Insights analyses the global video event data recorder market for a 10-year forecast period,
2016-2026. According to a recent market outlook report, “Video Event Data Recorder (VEDR) Market: Global
Industry Analysis & Opportunity Assessment, 2016-2026,” the US$ 1.64 Bn market is likely to reach beyond
US$ 3.2 Bn by the end of 2026.
In the global VEDR market report, Future Market Insights provides detailed information on market definition
and segmentation analysis, market dynamics and key insights, and competition assessment and key
company profiles. The overall market outlook remains positive and the compound annual growth rate is
estimated at 6.9% over the decade. Although market growth will be healthy by 2021 end, it will experience a
slight decline in terms of CAGR in the second half of the assessed period.
“Massive automobile sales will remain the most prominent driver to VEDR market over the next decade.”
– Market Research Analyst (Electronic, Semiconductors, & ICT), Future Market Insights
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Key research findings:
Motor vehicle safety standards will continue to fuel the sales of technologies pertaining to vehicle safety
In addition to growing cognisance and adoption of vehicle safety measures, burgeoning automotive
investments are also anticipated to favour VEDR market growth
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Video Event Data Recorder Market
 Growing inclination of OEMs and drivers toward digitisation will push the market further
 With technological advancements, various cost-effective products are being developed. Several
manufacturers are also emphasising integration of smart software
 An increasing number of VEDR manufacturers are strategically investing in order to capitalise on
opportunities offered by commercial fleets such as cabs/rental fleets/taxis globally
Vehicle type segmentation:
 Passenger cars
 Light Commercial Vehicles (LCVs)
 Heavy Commercial Vehicles (HCVs)
Among these, LCVs segment will retain dominance throughout the period of forecast, however, with a
decline of around 190 BPS. This segment will capture over 48% share of the market value in 2026. Passenger
cars, the second largest and fastest growing segment, will witness a boost by 420 BPS, accounting for nearly
29% share in 2026.
Segmentation based on the type of data storage:
©2015 Future Market Insights, All Rights Reserved
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Video Event Data Recorder Market
 Flash card
 Cloud storage
Flash card segment, despite a heavy drop of 780 BPS over the assessment period, will continue to dominate.
On the other hand, growing popularity and adoption of cloud technology will contribute to an amplified
market share for cloud data storage segment in 2026 i.e. more than 42%. This segment will possibly witness
the fastest growth at an estimated CAGR of over 9%.
End-user segmentation:
 Commercial fleet
 Law & enforcement agencies (LEAs)
Commercial fleet segment is anticipated to record a relatively high CAGR of 8.7% during the assessment
period. However, LEAs segment will remain dominant, accounting for over 73% revenue share in 2026.
Segmentation on the basis of sales channel:
 Auto OEM
 Aftermarket
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Video Event Data Recorder Market
While auto OEM will remain the leading segment, aftermarket segment is likely to witness faster growth
over the assessed period. The latter will bag around 45% share of the total market value in 2026.
Regional segmentation:
 North America
 Latin America
 Western Europe
 Eastern Europe
 Asia Pacific excluding Japan (APEJ)
 Middle East and Africa (MEA)
 Japan
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Video Event Data Recorder Market
North America is expected to remain dominant over the forecasted period, despite a loss of around 450 BPS.
On the other hand, Eastern Europe will gain around 420 BPS and exhibit substantial growth during the 10year period. This region, primarily driven by the Russian VEDR market, will be the fastest growing region
globally. The by the collective revenue share of North America and Eastern Europe is likely to be more than
81% by the end of 2026. APEJ is also expected to exhibit significant growth, accounting for over 10% share of
the total 2026 revenues.
Key player insights:
The global market for video event data recorder is predominantly governed by the top five players in the
competitive landscape. Digital Ally Inc., WatchGuard Video, Omnitracs LLC, Rosco Inc., and Safety Vision LLC
collectively account for roughly 85% market revenues. A few other notable players include Convoy
Technologies, OCTOCAM Srl, and L-3 Mobile-Vision, Inc.
While Digital Ally is in the news for its recent launches of advanced technology video event recording
systems, the company is also focusing on cloud-based video evidence solution. Digital Ally’s current plans of
operation expansion in South America are likely to contribute to its growth in near future. WatchGuard is
focusing more on development of integrated evidence management solutions and workforce expansion,
whereas Omnitracs is strategising tailor-made services and solutions to gain a competitive edge.
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Table of Content
1. Global Video Event Data Recorder (VEDR) Market- Executive Summary
2. Assumptions & Acronyms Used
3. Research Methodology
4. Market Overview
4.1. Introduction
4.1.1. Global Video Event Data Recorder (VEDR) Market Definition
4.1.2. Global Video Event Data Recorder (VEDR) Market Taxonomy
4.2. Global Video Event Data Recorder (VEDR) Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Trends
4.2.4. Opportunities
4.3. Value Chain Analysis
4.4. Global Video Event Data Recorder (VEDR) Market Forecast, 2016-2026
4.4.1. Global Video Event Data Recorder (VEDR) Market Size (Value) Forecast
4.4.1.1. Y-o-Y Growth Projections
4.4.1.2. Absolute $ Opportunity
4.5. Global Video Event Data Recorder (VEDR) Market Snapshot (2015)
4.5.1. Market Share By Type of Data Storage
4.5.2. Market Share By Vehicle Type
4.5.3. Market Share By End User
4.5.4. Market Share By Sales Channel
4.5.5. Market
ShareMarket
By Regions
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Insights, All Rights Reserved
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Table of Content
5. Global Video Event Data Recorder (VEDR) Market Analysis, By Type of Data Storage
5.1. Introduction
5.1.1. Y-o-Y Growth Comparison, By Type of Data Storage
5.1.2. Basis Point Share (BPS) Analysis, By Type of Data Storage
5.2. Global Video Event Data Recorder (VEDR) Market Attractiveness Analysis, By Type of
Data Storage
5.2.1. Flash Card
5.2.1.1. Absolute $ Opportunity
5.2.1.2. Market Value Forecast
5.2.2. Cloud Data Storage
5.2.2.1. Absolute $ Opportunity
5.2.2.2. Market Value Forecast
5.3. Global Video Event Data Recorder (VEDR) Market Attractiveness Analysis, By Type of
Data Storage
6. Global Video Event Data Recorder (VEDR) Market Analysis, By Vehicle Type
6.1. Introduction
6.1.1. Y-o-Y Growth Comparison, By Vehicle Type
6.1.2. Basis Point Share (BPS) Analysis, By Vehicle Type
6.2. Global Video Event Data Recorder (VEDR) Market Forecast By Vehicle Type
6.2.1. Passenger Cars
6.2.1.1. Absolute $ Opportunity
6.2.1.2. Market Value Forecast
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Table of Content
6.2.2. Light Commercial Vehicles
6.2.2.1. Absolute $ Opportunity
6.2.2.2. Market Value Forecast
6.2.3. Heavy Commercial Vehicles
6.2.3.1. Absolute $ Opportunity
6.2.3.2. Market Value Forecast
6.3. Global Video Event Data Recorder (VEDR) Market Attractiveness Analysis, By Vehicle Type
7. Global Video Event Data Recorder (VEDR) Market Analysis, By End User
7.1. Introduction
7.1.1. Y-o-Y Growth Comparison, By End User
7.1.2. Basis Point Share (BPS) Analysis, By End User
7.2. Global Video Event Data Recorder (VEDR) Market Forecast Analysis, By End User
7.2.1. Law & Enforcement Agencies
7.2.1.1. Absolute $ Opportunity
7.2.1.2. Market Value Forecast
7.2.2. Commercial Fleet
7.2.2.1. Absolute $ Opportunity
7.2.2.2. Market Value Forecast
7.3. Global Video Event Data Recorder (VEDR) Market Attractiveness Analysis, By Sales
Channel
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