Global Dashboard Camera Market is expected to grow significantly in the forecast period owing to the increasing number of car thefts and growing number of car accidents. Dashboard cameras are the mini video cameras that are installed either on the vehicle’s dashboard even though they can be attached to the windshield or anywhere. They offer any sort of convenience or comfort and make driving easier for the driver. Dashcams tend to be small and compact and have one laser focused purpose, which records everything happening in or around the vehicle.
Dashboard camera has become one of the essential car accessories in most countries because of the strict safety regulation enforced by the various government and their transport authorities. Moreover, the growing competition in the market has lowered the prices of dashboard cameras, which has increased the adoption of dashcams among car owners. The growing consumer awareness and focus on safety are influencing the growth of dashboard camera industry.
The rising number of road mishaps and thefts are the key factors demanding dashboard cameras. Especially, the road traffic accidents is the major reason behind the popularity of dashcams. Dashcam footages provide an objective account of crashes when involved in a car accident or on high stress events that can help to boost insurance claims and lower insurance prices. Owing to several advantages, the sale rate of dashcams has increased in the recent years in America. Besides, most dashcams are rechargeable, which enables the usability when the car is not in motion. Another best use of dashcams is the recording of culprits behind accidents and theft of essentials left at the back of car. Owing to these, dashcams are being adopted increasingly, which again leads to the growth of dashboard camera market.
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Furthermore, the growing demand for automobile across the globe is leading to the growth of dashboard cameras. Currently, every car owner desires to have the best internal car features, which include both safety and convenience. Hence, automobile manufacturers are installing the best of dashcams for offering optimal safety to their customers while driving in different conditions. The demand for dashcams has been increasing with every sale of vehicle, which is influencing dashboard camera industry. Conversely, legalization for the use of dashcams is a matter of concern for nations like Luxemburg and Austria where the use of dashcams is an actionable offence.
Dashboard camera market is categorized on the basis of type, technology, and geography. On the basis of type, the market is divided into basic dashboard cameras, advanced dashboard cameras, and smart dashboard cameras. Based on technology, dashboard camera industry is classified into single lens (single channel), multi lens (dual channel), and rearview dashboard cameras. Geographically, the market is segmented as North America, Europe, Asia Pacific and RoW. Owing to the growing population in Asia Pacific region, dashboard camera market is projected to hold larger share.
The key players in dashboard camera industry are Aiptek Inc., Bulls-I Vehicle Drive Recorders, DOD Tec, Delphi Automotive Systems Pvt Ltd., Garmin international Inc., Hewlett-Packard, Harman International industries, Panasonic Corporation, Papago Inc., Pitta soft Co. Ltd., Qrontech Co. Ltd, and Steelmate, among others.
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Dashboard Camera Technology Outlook (Revenue, USD Million, 2012 – 2022)
Dashboard Camera Product Outlook (Revenue, USD Million, 2012 – 2022)
• Single Channel
• Dual Channel
Dashboard Camera Video Quality Outlook (Revenue, USD Million, 2012 – 2022)
• Standard Definition
• High Definition
Dashboard Camera Regional Outlook (Revenue, USD Million, 2012 – 2022)
• North America
• Asia Pacific
• Latin America
Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/automotive-and-transport
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