New Energy Vehicle Driving Recorder Market Synopsis

New Energy Vehicle Driving Recorder Market Size Was Valued at USD 5.87 Million in 2023, and is Projected to Reach USD 27.60 Million by 2032, Growing at a CAGR of 21.34% From 2024-2032.

The market for NEV driving recorders is growing rapidly with the enlarging global market for electric vehicles that connects the Worldwide automotive industry. The driving recorders in newly-electric-vehicles such as antifraud GPS tracking support both the manufactures and owners in the sense that they end the need to guess since physical evidence has been provided. These devices are everything one needs for the realization of energy efficiency, transportation safety and the regulation requirements.

• This advancement of NEV driving recorder technology, which encompasses superior safety elements and real-time supervision alongside smart car system integration is further boosting the market growth.
• The tightening of rules that require the installation of driving recorders on all the new energy cars to meet the safety standards are, therefore, driving the demand (for) and shaping the industry standards.
• New energy vehicle driving recorders have been applied to improving driving habits of drivers, which facilitates a safer and cleaner driving. By the way of the registry of these features noted under the influence of speed, acceleration, and braking as the case may be, these recorders can serve to assist the drivers in identifying the failure points, energy savings as well as safety improvements on roads. Besides this, driving recorders facilitate proactive maintenance and real time feedback amongst field engineers and remote data monitoring and analysis, which thereby causes operational cost to drop and increases vehicle reliability.
• We are already observing a significant growth of popularization of electric and hybrid vehicles across the globe, and expect that this will result in an upsurge in demand for drive recorders in new energy-efficient vehicles. The governmental and business world as well as consumers' exponential growth of demand for sustainable transportation systems will for sure sustain the advance of complex monitoring and management systems created for new energy vehicles. In addition, the driving recorder advanced Wi-Fi, data analytics enrichment and integration with application programming interfaces are all improved.

New Energy Vehicle Driving Recorder Market Trend Analysis

Environmental Concerns

• Consideration of environmental factors is one of the main aspects underlying the market specification for New Energy Vehicle (NEV) recorders. The fact that global attention moves to sustainability and carbon emission reduction results in a huge upsurge in NEVs (NEVs as new energy vehicles or electro-hybrid) that are widely adopted in different parts of the world.
• These machines decrease the percentage of air contamination and contribute to global warming where internal combustion engine cars contribute, compared to conventional ones. Consequently, the regulatory bodies and governments of different countries are re-directing their policies to the adoption of the NEV.
• In this vein, eco-driven driving recorders achieve an environmental sustainability goal since their primary function is the promotion of safe and efficient driving practices, an important factor given the context above. About the increase of road safety, these devices ensure optimum operation and energy efficiency of that sort of vehicle.
• They are expecting that it will take place the enlarging of the NEV driving recorders market in proportion to the boosting demand for NEVs, regarding disputable environmental and technological sustainability issues.

Government Support and Regulations

• The importance of government support and regulations in the application of NEV driving recorders to the market is undeniable; economic and political aid are vital factors that determine whether or not the NEV driving recorders will be successful. Consequently, as data privacy, transmission emissions, and roadway safety issues grow increasingly contentious, governments worldwide are taking steps to enforce policies and legislation to allow for NEV usage and safety performance on roads.
• These regulations aimed at the installation of driving recorders in NEVs allow the drivers to assess their vehicle performance, ensure compliance with safety rules, and obtain data for crash investigations.
• In addition, the transport infrastructure, tax breaks, as well as subsidies for EVs that the government provides, are employed as push factors for consumers to decide to opt for electric cars instead of conventional vehicles.
• The expansion of the NEV market and its upholding of regulatory guidelines are two among many factors that play a big role in boosting the NEV driving recorder market.
• Firms are quickly responding and developing technological solutions of high quality that serve to gratify the hopes and dreams of their customers for improved safety, higher quality, and data privacy as the government landscape and regulations in the automotive sector keep evolving.

New Energy Vehicle Driving Recorder Market Segment Analysis:

New Energy Vehicle Driving Recorder Market Segmented based on By Type, By Vehicle Type, and Distribution Channel

By Type, below Dash Cameras segment is expected to dominate the market during the forecast period

• The field of ENE or NEV driving recorders embraces many devices that are well-focused on the enhancement of safe driving, efficiency improvement, and compliance with the established rules and regulations. The official documents, car insurance cases, and safety of vehicles are verified by dash cams’ (usually) real-time performance of surveillance on roads and environments.
• Telematics devices provide more complicated monitoring abilities like tracking vehicles, examining their diagnoses, and remote management which will be ultimately helpful in improving the performance of fleet operations and drivers.
• Truck computers maintain a history of vehicle performance data which helps to conduct performance analysis, hence maintenance. GPS trackers can do more than simple spotting and security thanks to the exact data they produce in reports. To achieve this goal, systems of driver behavior monitoring can determine the driver's lane, speed, and route. Since aggressive driving is one of the most common reasons for accidents, these systems help avoid accidents and improve road safety, reducing fatalities
• The demand for these recordings is parallel for non-emissive vehicles growing outside the prescribed standards, safety considerations, and fleet management in the van segment. Unceasingly increasing efforts of the manufacturers to build such features as cloud connectivity and their AI-powered analytics not only keep the consumers engaged with the products but the energy consumption efficiency improvements also look forward to becoming integral parts of the emerging NEV ecosystem.

By Distribution Channel, the Online Retail segment held the largest share of in 2023

• Using different seller channels is symbolic of the varieties of tastes and desires of both businesses as well as consumers which concerns the light EV recorders.
• Consumers can very easily look at products, complete purchases, and shopping from home using well-known online ecommerce platforms which also deal with a huge range of products.
• Automotive retail stores which specialize in accessories are able to attract those who are professional and enthused about it, more than those who give generic options because of their customized help and knowledge.
• Automotive retailers not only have an effect of selling automotive driving recorders but also come out as a supplementary kit to the vehicles
• For now, the fleet management companies offer custom solutions for larger commercial fleets that comprise all vehicle recorders integrated into the system in an aim to improve safety and productivity.
• The automobile rental agencies and electronic outlets function as additional distribution channels that help grab a bigger audience that comprises a wide range of consumers with various needs. The driving recorder market incremental development forms the attraction to distribution channels where manufacturers collaborate with the distribution channels to ensure the changing customers' requirements as well as easy access to driving recorder. 

New Energy Vehicle Driving Recorder Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast Period

• They anticipate Asia Pacific to grow as the major region that catalyzes the market growth of the new energy vehicles (NEVs) data recorders. Several factors affecting this dominance, including sped-up adapting of different electric vehicles and hybrid vehicles to the leading markets in countries of China, Japan, South Korea, and India has occurred.
• They expect a large need for new energy vehicles' driving recorders that are aimed at improving the safety of drivers on the roads in these countries due to their growing concerns about the sustainable development of public transport.
• Seismic changes in the infrastructure with charging stations for electric vehicles, government incentives to promote EV expansion, and technological developments in the automotive industry are the main drivers of the Asia-Pacific region's sudden and extreme growth. It is these developmental moments that enable an economic growth climate for extending the market for driving recorder devices for electric vehicles.
• Also, the level of awareness and understanding amongst fleet operators and consumer of the benefit that can be obtained from driving recorder which includes better road safety, as well as, vehicle performance monitoring and energy efficiency optimization, are the factors fueling the growth of this market
• It is expected that Asia Pacific will become a hub for the driving recorder in the EV market as the sector of transport is largely moving from the traditional energy system to cleaner and greener transportation modes.
• Automakers and companies within the auto industry are principle in improving their donga solutions by producing different driving recorders that meets the peculiarity of new energy vehicle’s needs. They are the ones, who are currently fueling both the market expansion and the technological advancement in the area

Active Key Players in the New Energy Vehicle Driving Recorder Market

• Waylens Inc. (U.S.)
• VAVA (U.S.)
• Rexing Inc. (U.S.)
• Owl Cameras Inc. (U.S.)
• YI Technology (U.S.)
• Cobra Electronics Corporation (U.S.)
• Nextbase (UK)
• Thinkware Systems Corporation (South Korea)
• BlackVue (South Korea)
• Street Guardian (Australia)
• Azdome (China)
• Blueskysea (China)
• AUKEY (China)
• Thinkforce Electronic Technology Co., Ltd (China)
• Anker Innovations (China)
• VIOFO (China)
• AUTO-VOX (China)
• Papago Inc. (Taiwan)
• Transcend Information, Inc. (Taiwan)
• Other Major Players

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. NEW ENERGY VEHICLE DRIVING RECORDER MARKET BY TYPE (2017-2032)
   1. NEW ENERGY VEHICLE DRIVING RECORDER MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. DASH CAMERAS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. TELEMATICS DEVICES
   5. ONBOARD DATA RECORDERS
   6. GPS TRACKERS
7. NEW ENERGY VEHICLE DRIVING RECORDER MARKET BY VEHICLE TYPE (2017-2032)
   1. NEW ENERGY VEHICLE DRIVING RECORDER MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. BATTERY ELECTRIC VEHICLES (BEVS)
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. FUEL CELL ELECTRIC VEHICLES (FCEVS)
   5. PLUG-IN HYBRID ELECTRIC VEHICLES (PHEVS)
   6. HYBRID ELECTRIC VEHICLES
   7. HYDROGEN FUEL CELL VEHICLES
8. NEW ENERGY VEHICLE DRIVING RECORDER MARKET BY DISTRIBUTION CHANNEL (2017-2032)
   1. NEW ENERGY VEHICLE DRIVING RECORDER MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. ONLINE RETAIL
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. SPECIALTY STORES
   5. AUTOMOTIVE DEALERSHIPS
   6. FLEET MANAGEMENT COMPANIES
   7. ELECTRONICS STORES
   8. CAR RENTAL AGENCIES
9. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. NEW ENERGY VEHICLE DRIVING RECORDER Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. WAYLENS INC. (U.S.)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. VAVA (U.S.)
   4. REXING INC. (U.S.)
   5. OWL CAMERAS INC. (U.S.)
   6. YI TECHNOLOGY (U.S.)
   7. COBRA ELECTRONICS CORPORATION (U.S.)
   8. NEXTBASE (UK)
   9. THINKWARE SYSTEMS CORPORATION (SOUTH KOREA)
   10. BLACKVUE (SOUTH KOREA)
   11. STREET GUARDIAN (AUSTRALIA)
   12. AZDOME (CHINA)
   13. BLUESKYSEA (CHINA)
   14. AUKEY (CHINA)
   15. THINKFORCE ELECTRONIC TECHNOLOGY CO., LTD (CHINA)
   16. ANKER INNOVATIONS (CHINA)
   17. VIOFO (CHINA)
   18. AUTO-VOX (CHINA)
   19. PAPAGO INC. (TAIWAN)
   20. TRANSCEND INFORMATION, INC. (TAIWAN)
10. GLOBAL NEW ENERGY VEHICLE DRIVING RECORDER MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Type
       4. Historic And Forecasted Market Size By Vehicle Type
       5. Historic And Forecasted Market Size By Distribution Channel
       6. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
11. INVESTMENT ANALYSIS
12. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies