Video Event Data Recorder Global Market Report 2025

The video event data recorder market size has grown strongly in recent years. It will grow from $2.53 billion in 2024 to $2.75 billion in 2025 at a compound annual growth rate (CAGR) of 8.7%. The growth during the historic period can be attributed to several key factors, including the implementation of stricter vehicle safety regulations, a rise in road accidents and related insurance claims, the expansion of telematics and fleet management solutions, increasing consumer demand for advanced driver assistance systems (ADAS), and the growing popularity of dashcams for enhanced driving surveillance and accountability.

The video event data recorder market size is expected to see strong growth in the next few years. It will grow to $3.79 billion in 2029 at a compound annual growth rate (CAGR) of 8.4%. The anticipated growth in the forecast period can be linked to the rising adoption of autonomous vehicles, increasing demand for real-time traffic monitoring, a surge in electric vehicle (EV) usage, greater implementation of artificial intelligence and machine learning in automotive systems, and the strengthening of regulations and legal mandates around data recording. Key trends expected during this period include the integration of video event data recorders with connected vehicle ecosystems, improvements in video quality and resolution, the use of AI for analyzing driver behavior, advancements in wireless data transfer and cloud-based storage solutions, and a growing consumer focus on privacy and data security.

The increasing emphasis on transportation safety is expected to drive the growth of the video event data recorder (VEDR) market in the coming years. Transportation safety encompasses strategies and actions aimed at reducing accidents and ensuring the secure movement of people and goods across various modes of transport. Growing concerns over road accidents have led to heightened focus on safety measures, prompting both government bodies and consumers to demand safer vehicles and infrastructure. Video event data recorders contribute to transportation safety by offering real-time visual documentation of driving behavior and incidents. This technology supports accurate accident investigation, effective driver training, and improved risk management. For example, in November 2024, the Centers for Disease Control and Prevention reported that in 2022, motor vehicle crashes in the United States resulted in nearly 44,000 fatalities, over 2.6 million emergency room visits for injuries, and approximately $470 billion in economic losses. These alarming statistics highlight the role of VEDRs in addressing transportation safety concerns and boosting market demand.

Companies operating in the video event data recorder market are introducing innovative solutions like AI-powered dashcams to enhance safety features and improve fleet management capabilities. These dashcams use artificial intelligence to automatically identify and analyze driving events such as collisions, lane deviations, or distracted driving in real time. In August 2024, Pioneer, a Japanese audio equipment manufacturer, launched a new line of dash cameras in India, entering the country's automotive safety sector. The top-tier model, VREC-Z820DC, features 4K video recording, AI-based night vision, and advanced driver assistance systems including lane departure warnings, forward collision alerts, and stop-and-go notifications. The product also includes mobile app support for real-time footage access and settings control. With an on-device neural processing unit, the camera ensures data privacy and efficient AI performance.

In November 2023, Danelec Marine A/S, a Denmark-based manufacturer, acquired the Voyage Data Recorder (VDR) business from MacGregor for an undisclosed sum. This acquisition allows Danelec to expand its presence in the VDR market, growing its installed base to 16,000 units and strengthening its technological expertise in maritime safety solutions. MacGregor's VDR division, based in Finland, was known for its VDR G4e and S-VDR G4e systems, which integrate video recording with comprehensive voyage data for improved maritime operational safety.

Major players in the video event data recorder market are Panasonic Corporation, Hyundai Mobis Co. Ltd., Volvo Car Corporation, Honeywell International Inc., Hangzhou Hikvision Digital Technology Co. Ltd., Bosch Security Systems, Axis Communications AB, AxxonSoft Limited, Verint Systems Inc., Samsara Inc., Verizon Connect Inc., Geotab Inc., SafeFleet S.R.L., Avigilon Corporation (a Motorola Solutions Company), Genetec Inc., Milestone Systems A/S, Lytx Inc., SmartDrive Systems Inc., Fleet Complete, Nauto Inc.

North America was the largest region in the video event data recorder market in 2024. The regions covered in video event data recorder report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the video event data recorder market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A video event data recorder is a device designed to capture and store video footage and event-related data from vehicles or machinery, primarily for monitoring and analysis. It typically combines a camera system with sensors that log critical information such as speed, location, and time - data that proves essential for accident investigations and operational oversight.

The main types of video event data recorders include standalone and integrated systems. Standalone recorders are self-contained units that are easy to install and suited for use in individual vehicles or smaller fleets. These devices are employed in a wide range of vehicles, including passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). Technologies supporting these systems include digital video recorders, hybrid video recorders, and cloud-based video recorders. Distribution occurs through original equipment manufacturers (OEMs) as well as aftermarket channels. Major end-users span transportation and logistics firms, government and law enforcement bodies, insurance companies, and other commercial sectors.

The video event data recorder market research report is one of a series of new reports that provides video event data recorder market statistics, including video event data recorder industry global market size, regional shares, competitors with the video event data recorder market share, video event data recorder market segments, market trends, and opportunities, and any further data you may need to thrive in the video event data recorder industry. This video event data recorder market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The video event data recorder market consists of revenues earned by entities by providing services such as in-vehicle video recording services, accident and incident analysis services, data reporting and regulatory compliance support, and cloud-based data storage and management. The market value includes the value of related goods sold by the service provider or included within the service offering. The video event data recorder market also consists of sales of high-definition cameras, motion sensors, GPS modules, and storage devices. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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