Due to the highly fragmented nature of the market, there is intense competition. The global Video Event Data Recorder Market is highly fragmented, with many established players as well as strong public companies. However, the introduction of new entrants with novel products has increased market competition significantly. Furthermore, consumer demand is highly uncertain, as is the sales cycle and consumer adoption. Despite this, key manufacturers are constantly investing in the development of new technologies to gain a competitive advantage in the market. Another major market trend is increased investment in the automotive industry. The global automobile industry grew by 5.5% between 2010 and 2015, reaching a value of $5.1 trillion in 2015.
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