Accident Recorders Market Size, Share, Trends, Growth Analysis, and Forecast 2034

 

The global accident recorders market was valued at US$ 3,350.4 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 7.3%, reaching US$ 6,777.8 million by 2034.

Accident recorders—also referred to as Event Data Recorders (EDRs) or automotive “black boxes”—play a crucial role in enhancing vehicle safety. These devices capture and store vital data such as vehicle speed, brake application, steering angle, and acceleration patterns immediately before, during, and after a collision. Originally designed as basic recording tools, accident recorders have evolved into sophisticated systems featuring multi-sensor inputs, real-time analytics, and connectivity capabilities. This transformation is driven by increasing demand for advanced driver-assistance systems (ADAS), regulatory mandates, and the rising focus on road safety.

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Sales Analysis of Accident Recorders (2019–2023) vs. Market Forecasts (2024–2034)

From 2019 to 2023, the accident recorders market grew at a CAGR of 7.5%, reaching US$ 3,122.4 million by 2023. Steady post-pandemic recovery and rising vehicle safety concerns fueled this growth.

  • Short Term (2024–2027): Focus on advanced recording features, real-time monitoring, and cloud integration. Intense competition among OEMs and tech firms.
  • Medium Term (2027–2030): Emphasis on AI-driven accident prediction, fleet solutions, and standardization of data formats. Growth in remote diagnostics and predictive maintenance.
  • Long Term (2030–2034): Integration with autonomous systems and smart city infrastructure. Shift toward holistic safety ecosystems and data-driven insurance and fleet services.

 Sales Analysis of Accident Recorders (2019–2023) vs. Market Forecasts (2024–2034)

The global accident recorders market registered a 7.5% CAGR from 2019 to 2023, reaching US$ 3,122.4 million by the end of 2023. Recovery from pandemic-induced slowdowns and growing emphasis on vehicle safety have contributed to consistent growth. From 2024 to 2034, the market is expected to expand robustly, driven by stricter safety regulations and increasing awareness around vehicle security.

Country-wise Insights

United States: 7.5% CAGR (2024–2034)

“Federal Safety Regulations and Insurance Requirements Drive Market Growth”
The U.S. remains a dominant market, supported by NHTSA regulations on Event Data Recorders and insurance mandates. Ongoing compliance requirements continue to boost demand.

China: 7.8% CAGR (2024–2034)

“Rapid Fleet Growth and Safety Rules Promote Market Development”
China presents significant opportunities due to its massive automotive market, urbanization, and a surge in vehicle registration. New safety standards and increasing consumer awareness are major growth drivers.

Category-wise Insights

High Demand Segment: Dual-Channel Accident Recorders

“Front and Rear Recording Enhances Safety and Liability Documentation”
In 2024, dual-channel recorders led the market with a 7.6% growth rate. These devices provide 360° vehicle surveillance, improving accident documentation and supporting insurance claims and law enforcement.

Competitive Landscape and Key Developments

Major players include Continental AG, Delphi Technologies, Garmin Ltd., Valeo, BlackVue, Thinkware, Transcend, Clarion, PAPAGO, Road Hawk, Black Box Guard, and Spy Tec. Key strategies involve product launches, M&A, expansions, and strategic deals.

Recent Developments:

  • Feb 2024 – Garmin: Launched an AI-powered Drive Recorder system with real-time accident detection, improved video quality, and cloud integration for fleet management.
  • Dec 2023 – BlackVue: Released its DR900X Plus Series dual-channel recorders with enhanced night vision, impact detection, and mobile/cloud connectivity.
  • In June 2023, Thinkware announced its new F200 Pro model featuring advanced driver assistance systems and improved recording capabilities. The device incorporates AI-powered incident detection and enhanced storage management features.

Browse Full Report: https://www.factmr.com/report/677/accident-recorders-market

Segmentation of Accident Recorders Market

By Product :

  • Single Channel Accident Recorders
  • Dual Channel Accident Recorders

By Application :

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By Technology :

  • Digital Accident Recorders
  • Analog Accident Recorders
  • Cloud-Based Recorders

By Sales Channel :

  • OEM
  • Aftermarket

By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

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