Market Research Report on China Driving Recorder Industry 2015-2019 Essay
Jan., 09, 2016, Mumbai, India: Market Reports on China presents the report, on “Market Research Report on China Driving Recorder Industry [2015-2019]”. As to the function, besides driving recording, more and more products integrate Wi-Fi, rearview reverse parking camera, voice recognition, and navigation. Regarding the shape, smart rearview mirror leads the trend.
Chinese driving recorder market continues to heat up amid growing concerns over traffic accident disputes, such as Pengci, a word referring to fake accidents for extorting money. “http://www.marketreportsonchina.com/industry-mfg-market-research-reports-20179/china-driving-recorder.html” Driving recorder sales volume is estimated at around 13 million sets in China in 2015, representing a year-on-year surge of 85.71%. Notwithstanding, compared with huge car ownership, the installation rate of driving recorder in China is less than 5%, far below that in Japan, Taiwan, and Russia, indicating enormous potential for market growth.
In 2015, driving recorders are no longer confined to the function of preventing Pengci, but experience significant changes in function and shape. As to the function, besides driving recording, more and more products integrate Wi-Fi, rearview reverse parking camera, voice recognition, and navigation. Regarding the shape, smart rearview mirror leads the trend. Most companies have already developed or are developing such products, and add operating system, 3G module, ADAS, navigation, voice action, and gesture recognition, with the products developing towards intelligent driver assistant system. The integration of navigation has some impact on on-board navigation market.
Companies are rushing into driving recorder field and use it as a medium to make layout in telematics. In addition to makers of on-board terminals including driving recorder and navigator, Internet firms, map companies, and automakers also want to get a piece of the pie. Internet and map companies aim to.