An event data recorder or EDR us a device installed in vehicles to record information related to vehicle accidents or crashes. Video event data recorder (VEDR) is an updated version of EDR, which adds video recording of the immediate surroundings of the vehicle. These devices store the video feed before/after in the event of an accident. It also records car speed, acceleration, and GPS information. Generally, VEDRs are installed on the windshield of the car with special feature camera and a GPS unit attached to it. Different types of vehicles install VEDRs including coaches and buses, commercial vehicles, emergency services, vehicles, law & enforcement vehicles, and hazardous goods transport.

The global video event data recorder (VEDR) market is estimated to account for US$ 2,004.2 Mn in 2019 and is expected to grow at a CAGR of 6.8% during the forecasted period (2019-2027).

Market Dynamics-

  1. Stringent motor safety standards are the major factor expected to drive growth of the global video event data recorder (VEDR) market over the forecast period

VEDR offers several advantages such as collecting crucial data during crashes and accidents, in order to assist law enforcement agencies to truthfully ascertain facts of the event. Proactive initiatives taken by government of various countries, in order to reduce fatalities, injuries, and property loss during collisions and accidents is the major factor boosting the demand for VEDR. Furthermore, VEDR enables the government agencies to formulate various safety standards, which has supported the installation of VEDR. For instance, in September 2012, the National Highway Traffic Safety Administration (NHTSA) established regulations mandated installation of EDRs, while manufacturing light commercial vehicles. This, in turn, is expected to drive the market growth in the near future.

  1. Growing awareness and adoption of vehicle safety technologies is expected to propel the global video event data recorder (VEDR) market during the forecast period.

 Increasing disposable income in emerging economies coupled with growing infrastructure is encouraging consumers to invest in vehicle safety solutions that offer advanced safety features. Key manufacturers in the market are focused on investing in different technologies, in order to explore lucrative business opportunities offered in countries such as South Africa, India, and Brazil. For instance, in October 2016, National Instruments Corporations, a U.S. based provider of tests and solutions, collaborated with prominent automobile manufacturers in India, in order to offer enhanced visual data acquisition and measurement techniques focusing on automotive and electric cars.

North America region dominated the global video event data recorder (VEDR) market in 2018, accounting for 59.6% share in terms of value, followed by Western Europe, APEJ, Japan, Latin America, and MEA, respectively.

Video Event Data Recorder (VEDR)  | Coherent Market Insights

Source: Coherent Market Insights

Market Dynamics- Restraint

  1. Budget restraints of government and law enforcement agencies are expected to restrain the global video event data recorder (VEDR) market growth over the forecast period

The prime target for VEDR manufacturers is government and law enforcement agencies around the world. Thus, the sales of VEDR depends upon willingness and financial ability of those agencies to invest in security-related products. However, budget constricting acts as the major factor hindering the adoption of VEDR by government agencies, thereby restraining the market growth over the forecast period.

  1. Technical issues concerning VEDRs is the major factor expected to hinder the global video event data record (VEDR) market growth during the forecast period

Although VEDR is a crucial device to record vital information, many times date and timing of the recorded events were found to be flawed. This particularly happens when a vehicle crashes with multiple objects and data is continually overwritten. Moreover, these impacts along with vehicle maneuvers affect vehicle’s electrical system, leading to flawed data. Discontinuity in data, corrosion of components, ownership disputes, and data contradicting physical evidence is expected to hamper the market growth over the forecast period.

Market Opportunities

  1. Novel marketing strategies are expected to offer lucrative growth opportunities for market players

Although market for VEDRs is still in nascent stage, intelligent sales and market strategies can boost the market growth in the near future. Key companies present in the market need to invest significantly in its core sales and marketing strategies. Moreover, companies can collaborate with law enforcement agencies, in order to increase adoption of VEDRs, which in turn, can offer significant growth opportunity for market players.

  1. Advent of cost efficient products is expected to pose conducive market opportunities in the near future

Many times law enforcement agencies are hesitant about adopting VEDR due to its pricing and low cost-efficiency. To gain significant advantage in such situations, key companies can strategically invest in R&D activities, in order to develop cost-effective VEDR product. Moreover, incorporation of smart software is expected to drive margins up and provide major growth opportunities for market players.

Video Event Data Recorder (VEDR)  | Coherent Market Insights

Source: Coherent Market Insights

Global flash card based video event data recorder (VEDR) market was valued at US$ 1,190.0 Mn in 2018 and is forecast to reach a value of US$ 1,9265.2 Mn by 2027 at a CAGR of 5.4% between 2019 and 2027.

Market Trends

  1. Presence of intense competitive due to highly fragmented market

The global video event data recorder (VEDR) market is highly fragmented with numerous established players and robust public companies. However, advent of new entrants with novel products has created immense competition in the market. Moreover, consumer demand is highly uncertain along with inconsistency of sales cycle and consumer adoption. In spite of that, key manufacturers are constantly investing on development of new technologies, in order to gain competitive edge in the market.

  1. Increasing investment in automotive industry is another major trend in the market

The global automobile industry has witnessed significant growth of 5.5% from 2010 to 2015 and was valued at US$ 5.1 trillion in 2015. Constant research and development activities in the industry have accelerated growth of the industry in the recent past. This, in turn, is expected to accelerate adoption of VEDRs in the near future.

Segment information:

In Global video event data record (VEDR) market, by vehicle type segment, light commercial vehicles sub-segment dominated the global video event data record (VEDR) market in 2018, accounting for 51.2% share in terms of value, followed by passenger cars, heavy commercial vehicles, respectively.

Video Event Data Recorder (VEDR)  | Coherent Market Insights

Source: Coherent Market Insights

Value Chain Analysis

Video Event Data Recorder (VEDR)  | Coherent Market Insights

Competitive Section

Key companies involved in the global video event data recorder (VEDR) market are Digital Ally Inc., L-3 Mobile-Vision, Octo Telematics Ltd, (OCTOCAM Srl), WatchGuard Video, COBAN Technologies, Inc., Safety Vision, LLC., Omnitracs, and Convoy Technologies.

Key Development

  1. Key companies in the market are focused on partnerships, in order to gain competitive edge in the market. For instance, in October 2017, COBAN Technologies, a provider in-car video solution, partnered with Digital Barriers, in order provide facial recognition and live video streaming technology for the FOCUS H1 police dashcam system.
  2. Key players in the market are focused on product launch, in order to enhance the product portfolio. For instance, in December 2016, Digital Ally, Inc. introduced DVM-250 with FleetVu, a cloud-based real-time fleet telematics solutions.

Video event data recorder (VEDR) is an updated version of EDR, which adds video recording of the immediate surroundings of the vehicle. These devices store the video feed before/after in the event of an accident. It also records car speed, acceleration, and GPS information. Generally, VEDRs are installed on the windshield of the car with special feature camera and a GPS unit attached to it. Different types of vehicles install VEDRs including coaches and buses, commercial vehicles, emergency services, vehicles, law & enforcement vehicles, and hazardous goods transport.

Market Dynamics

As the adoption of the electrical vehicles is going to increase in the forecast period. According to International Energy Agency, there is 63% growth in electric vehicles in 2018 compared to 2017 in the forecast period. Increase awareness about pollution caused by Internal Combustion (I.C) engine cars and advancement in electrical cars are making peoples to use more electrical cars. This is going propel the overall Global Video Event Data Recorder (VEDR) market in the forecast period.

Moreover, the rules and regulation implemented by various government is contributing to the overall growth of Global Video Event data Recorder (VEDR) market in the forecast period. Apart Government implementation of rules and regulation, the increase in awareness about safety among the people is going to help VEDR market grow in forecast period.

Market Taxonomy

This report segments the global video event data recorder (VEDR) market on the basis of Type of Data Storage into Flash Card, Cloud Data Storage. On the basis Vehicle Type, the market is segmented into Passenger Cars, Light Commercial Vehicles (LCVs) and Heavy Commercial Vehicles (HCVs). On the basis of End User, the market is segmented into Law & Enforcement Agencies (LEAs) Commercial Fleet and On the basis of Sales Channel Auto OEM and Aftermarket.

Key features of the study:

  • This report provides an in-depth analysis of the Global video event data recorder (VEDR) market and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2019 – 2027), considering 2018 as the base year.
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market.
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players.
  • It profiles leading players in the global video event data recorder (VEDR) market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies involved in the global video event data recorder (VEDR) market are Digital Ally Inc., L-3 Mobile-Vision, Octo Telematics Ltd, (OCTOCAM Srl), WatchGuard Video, COBAN Technologies, Inc., Safety Vision, LLC., Omnitracs, and Convoy Technologies.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics.
  • The global video event data recorder (VEDR) market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global video event data recorder (VEDR) market

Detail Segmentation

Market Taxonomy:

  1. Type of Data Storage
  • Flash Card
  • Cloud Data Storage
  1. By Vehicle Type
  • Passenger Cars
  • Light Commercial Vehicles (LCVs)
  • Heavy Commercial Vehicles (HCVs)
  1. By End User
  • Law & Enforcement Agencies (LEAs)
  • Commercial Fleet
  1. By Sales Channel
  • Auto OEM
  • Aftermarket

Company Profiles

    • Digital Ally Inc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • L-3 Mobile-Vision,
    • Octo Telematics Ltd,
    • (OCTOCAM Srl)
    • WatchGuard Video
    • COBAN Technologies, Inc.
    • Safety Vision, LLC.
    • Omnitracs
    • Convoy Technologies.

*Browse all the market data tables and figures on "Global Video Event Data Recorder (VEDR) Market 2019-2027”

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Data Storage Type
      • Market Snippet, By Vehicle Type
      • Market Snippet, By End User
      • Market Snippet, By Sales Channel
      • Market Snippet, By Country
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Merger and Acquisitions
      • New Product Approvals/Launch
  4. Global Video Event Data Recorder (VEDR) Market, By Data Storage Type, 2017 - 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Flash Card
      • Introduction
      • Market Size and Forecast, 2019 - 2027,  (US$ Million)
    • Cloud Data Storage
      • Introduction
      • Market Size and Forecast, 2019 - 2027,  (US$ Million)
  5. Global Video Event Data Recorder (VEDR) Market, By Vehicle Type, 2017 - 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Passenger Cars
      • Introduction
      • Market Size and Forecast, 2019 - 2027,  (US$ Million)
    • Light Commercial Vehicles
      • Introduction
      • Market Size and Forecast, 2019 - 2027,  (US$ Million)
    • Heavy Commercial Vehicles
      • Introduction
      • Market Size and Forecast, 2019 - 2027,  (US$ Million)
  6. Global Video Event Data Recorder (VEDR) Market, By End User, 2017 - 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Law & Enforcement Agencies
      • Introduction
      • Market Size and Forecast, 2019 - 2027,  (US$ Million)
    • Commercial Fleet
      • Introduction
      • Market Size and Forecast, 2019 - 2027,  (US$ Million)
  7. Global Video Event Data Recorder (VEDR) Market, By Sales Channel, 2017 - 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Auto OEM
      • Introduction
      • Market Size and Forecast, 2019 - 2027,  (US$ Million)
    • Aftermarket
      • Introduction
      • Market Size and Forecast, 2019 - 2027,  (US$ Million)
  8. Global Video Event Data Recorder (VEDR) Market, By Region, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Data Storage Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Vehicle Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By End User, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Sales Channel 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.S.
        • Canada
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Data Storage Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Vehicle Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By End User, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Sales Channel 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Argentina
        • Brazil
        • Mexico
        • Rest of Latin America
    • Western Europe
      • Market Size and Forecast, By Data Storage Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Vehicle Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By End User, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Sales Channel 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Germany
        • France
        • U.K.
        • Spain
        • Italy
        • NORDIC
        • BENELUX
        • Rest of Western Europe
    • Eastern Europe
      • Regional Trends
      • Market Size and Forecast, By Data Storage Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Vehicle Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By End User, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Sales Channel 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Russia
        • Poland
        • Rest of Eastern Europe
    • APEJ
      • Regional Trends
      • Market Size and Forecast, By Data Storage Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Vehicle Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By End User, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Sales Channel 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • India
        • China
        • ASEAN
        • Australia & New Zealand
        • Rest of APEJ
    • Japan
      • Market Size and Forecast, By Data Storage Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Vehicle Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By End User, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Sales Channel 2019–2027 (US$ Million)
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Solution, 2019–2027 (US$ Million)
      • Market Size and Forecast, By End-user, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Vertical, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • GCC
        • North Africa
        • South Africa
        • Rest of the MEA
  9. Competitive Landscape
    • Company Profiles
      • Digital Ally Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Key Strategies
      • L-3 Mobile-Vision
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Key Strategies
      • Octo Telematics Ltd, (OCTOCAM Srl)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Key Strategies
      • WatchGuard Video
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Key Strategies
      • COBAN Technologies, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Key Strategies
      • Safety Vision, LLC.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Key Strategies
      • Omnitracs
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Key Strategies
      • Convoy Technologies
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Key Strategies
    • Analyst Views
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact
    • Available Customizations

*Browse all the market data tables and figures on "Global Video Event Data Recorder (VEDR) Market forecast to 2027”.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users