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Accident Recorders Market Growth, Trends, Absolute Opportunity and Value Chain 2018-2028

Accident Recorders Market Forecast, Trend Analysis & Competition Tracking - Global Review 2018 to 2027

Accident Recorder market research study in brief

The business intelligence study for the Accident Recorder market provides an extensive synopsis of essential aspects involving the product classification, important definitions, and other industry-specific parameters. The report also covers the key factors associated with the current events such as alliances, mergers & acquisitions, and new product launches.

Additionally, the Accident Recorder market study puts forth a rigid basis for collecting a cluster of insights that potential customers can use to enhance their revenues and reduce costs. The illustration of data on Accident Recorder market segmentation by type, application, and geography offers a critical viewpoint of, what manufacturers are eyeing for the stipulated timeframe, 2018 – 2027.

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Accident Recorders Market: Outlook

A new report available with Fact.MR about the global accident recorders market delivers a comprehensive analysis that can assist industry players engaged in accident recorder manufacturing or are intended to initiate the business. The in-depth analysis includes all important factors that hold significant influence on the market growth throughout the forecast period of 2018 – 2027.

CDC states that every day approximately 9 death and 1000 injuries occur due to crashes in the United States. This statics are solely reported for the cases of distracted driving. Owing to increased incidences of distracted driving across the globe, the automotive industry is actively involved in the installation of safety and precautionary measures in the vehicles. As accident recorders save accurate information before, during and after the crash, it delivers a significant source of data for regulatory authorities and vehicle owners to precisely determine the cause of any crash. The fleet industry is another important end-user of the accident recorders. In addition, regulation on mandatory installation of accident recorders in race cars and incidences of self-driving car crashes are likely to boost adoption of accident recorders in the future.

Increased Installation in Race Cars Fuelling Market Demand

The FIA World Motor Sport Council announced mandatory installation of accident data recorders (ADR) in all cars that will be used in its national FIA Formula 4 Championships around the world. In addition, ADRs have been installed in cars of the FIA GT championships, as well as Germany’s popular DTM series and the FIA Formula 3 European Championship. As ADRs have remained helpful to FIA in analyzing crash incidences in past, FIA continues to leverage benefits of affordable ADRs that deliver adequate data on crash incidents. Due to these regulatory changes, cost-efficient and custom accident recorder solutions for race cars are provided by manufacturers.

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Global Accident Recorder Market: Product Innovations

  • Fleet Complete VisionTM is a new real-time video analytics solution launched by Fleet Complete. A combination of mobile video technology and telematics data enhances fleet safety and driver risk management. The product is considered as a complete solution designed to improve operational safety and accident management for fleet owners across several industries.
  • ScottishPower is an energy company. In its vehicle replacement scheme, the company has plans to install Trakm8’s RoadHawk DC-2 forward facing camera in its new fleets. The new camera delivers video recording with 1080p resolution, gyro-balanced image stabilization, and a high-quality sensor. In addition, RoadHawk DC-2 has inbuilt G-sensor that enables automatic image saving in a separate folder during the detection of sudden jolt or impact. Further, the camera delivers result in bright as well as low light scenario.

Global Accident Recorder Market: Key players

Key market players of the global accident recorders market include Delphi, Continental, Blackbox Guard, BlackVue, Garmin, Papago, Spy Tec, Thinkware, WickedHD, Valeo, Clarion, Eken, RoadHawk, Transcend, and Old Shark & KDLINKS.

The report on the global accident recorders market delivers a thorough analysis of above-stated factors that hold prominent influence on the market growth. By delivering the most credible go-to forecast of the market, Fact.MR report can assist financial community in making business decisions.

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