Global Video Event Data Recorder Market Continues To Grow Owing To the Increased Demand from the Automobile Sector and Stringent Road Safety Measures Taken By Governmental Bodies across the World

 

Video event data recorder (VEDR) is a device that captures and stores the data from live events such as seminars, meetings, product demonstrations, trade shows, presentations, conventions, training programs, live concerts, and events that use sophisticated optics and light systems to create the video images at a recording-quality level. The devices can record the full duration of any event. VEDRs are integrated with advanced event management solutions that utilize advanced monitoring and reporting features to track, manage and analyze the captured data. Some systems also allow users to upload content directly from their computers or smartphones to multiple different locations and devices.

Market Dynamics                                               

The latest video event data recorders from leading brands like Canon, Casio, Fuji, Samsung, Olympus, Panasonic, Pentax, Samsung, Voip, Apple, Blackberry, and PIXA are all designed to improve the quality of video capture. The newest products from top manufacturers incorporate new technologies that deliver even higher quality picture and sound than before. Many event organizers choose to utilize a combination of camera systems including high resolution (HD), medium resolution (MRC), and ultra-high resolution (UHDR). 

Video event data recorder are also used in cars and placed near the windshield to monitor traffic and live events. The main factors influencing the growth of the video event data recorder market are stringent motor safety standards by governmental bodies across the globe and increasing adoption and awareness of technologies related to vehicle safety. For instance, The U.S. National Highway Traffic Safety Administration (NHTSA) proposed earlier that all the vehicles should have black boxes but then withdrew the proposal on February 8th, 2019, since all the auto manufacturers were already designing vehicles with default black box. The black boxes capture the data and transfer it to a computer through a data cable or a wireless connection. Once the data is recorded in its electronic format, the device saves it to a hard drive or other media device and compresses it to a smaller file. The data is then transferred via wireless or radiofrequency to the location where the user needs the data and received by the device used to recover the data.

However, the budget restraints of law enforcement agencies, as well as the governmental bodies and technical issues related to video event data recorders, are the major restraining factor hindering the growth of the market.

This market is distributed in five regions that include North America, Europe, Asia-Pacific, Middle East, and Africa, and Latin America. Among these, North America is estimated to hold a bigger share of the video event data recorder market owing to the stringent government rules related to road safety. The market in the Asia Pacific is estimated to witness significant growth owing to the presence of auto manufacturers in the region.

Competitive Analysis

Key players operating in the global video event data recorder market includes Convoy Technologies, Omnitracs, Safety Vision, LLC., COBAN Technologies, Inc., WatchGuard Video, Octo Telematics Ltd, L-3 Mobile-Vision, and Digital Ally Inc.

In 2020, AngelTrax, a security provider launched a new VEDR that includes seven camera views, direct driver coaching, and automatic driver scoring.

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