Global Dashboard Camera Research Report: By Technology Type (Basic, Advanced, and Smart Dashcams), By Product Type (Single-channel, Dual-channel, and Rear-view dashcams), By Application Type (Personal vehicles, Commercial vehicles, and Law enforcement vehicles), and Region (North America, Europe, Asia-Pacific, and Rest of the World) Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, Competitor Analysis and Forecast 2023-2031.
Global Dashboard Camera Market is predicted to reach approximately USD 8.89 billion by 2031, at a CAGR of 8.60% from 2022 to 2031. The Global dashboard camera market refers to the market for dashboard-mounted cameras that are used in vehicles to record and capture real-time footage of the road and surroundings. These dashboard cameras, also known as dashcams, are equipped with various features such as high-resolution video recording, GPS tracking, and motion sensors. They are becoming increasingly popular among consumers and commercial fleet operators due to their potential to provide evidence in the event of accidents, insurance claims, and other road incidents. The market is driven by growing awareness of road safety and the need for reliable video evidence in automotive applications.
Global Dashboard Camera REPORT SCOPE & SEGMENTATION
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Report Attribute |
Details |
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Estimated Market Value (2022) |
4.23 billion |
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Projected Market Value (2031) |
8.89 billion |
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Base Year |
2022 |
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Forecast Years |
2023 - 2031 |
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Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Based on By Technology Type, By Product Type, By Application Type & Region. |
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Segments Covered |
By Technology Type, By Product Type, By Application Type & Region. |
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Forecast Units |
Value (USD Billion or Million), and Volume (Units) |
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Quantitative Units |
Revenue in USD million/billion and CAGR from 2023 to 2031. |
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Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
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Countries Covered |
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others. |
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Report Coverage |
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis. |
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Delivery Format |
Delivered as an attached PDF and Excel through email, according to the purchase option. |
Global Dashboard Camera Dynamics
The market dynamics of dashcams are influenced by several factors. The increasing awareness of vehicular safety and the demand for quicker insurance claims drive market growth. However, privacy concerns and legal restrictions on dashcam usage act as restraints. Opportunities arise from the rising demand from commercial fleets and technological advancements in dashcam features. The nature of competition is intense, with various companies striving to gain a competitive edge through innovation and customer-centric offerings. As the market evolves and consumer demand continues to rise, the dynamics of the dashcam market are expected to remain dynamic and highly competitive.
Global Dashboard Camera Drivers
Increasing Safety Awareness
The global Dashboard Camera Market is being driven by the increasing awareness of vehicular safety. Dashcams are gaining popularity as they can contribute to accident prevention by recording footage of dangerous driving behaviour. Moreover, their ability to provide crucial evidence in the event of accidents protects drivers from potential liabilities. With a rising emphasis on road safety and the need for reliable video evidence, consumers and commercial fleet operators are adopting dashcams as an essential safety measure, fuelling the market's growth. The demand for these devices is expected to further escalate as safety consciousness continues to rise in the automotive sector.
Easy Insurance Claims
The global dashboard camera market is being fuelled by the advantage of quicker insurance claims. Dashcams play a crucial role in expediting the claims process by providing clear and concise evidence of accidents. This helps drivers to present undeniable proof to insurance companies, leading to faster claims settlement and saving both time and money. As the demand for hassle-free insurance procedures rises, the adoption of dashcams is increasing, contributing to the growth of the market. Insurance companies are also encouraging the use of dashcams as it streamlines the claims handling process and reduces the chances of fraudulent claims.
Privacy Concerns
The global dashboard camera market faces a restraint in the form of privacy concerns. Some individuals are apprehensive about the potential privacy implications of dashcams. There is a fear that these devices could inadvertently collect personal data without proper consent, raising privacy issues. As a result, consumers hesitate to adopt dashcams due to these concerns. Addressing these privacy apprehensions and ensuring transparent data collection practices will be crucial for the market to overcome this restraint and gain wider acceptance among consumers. Striking the right balance between safety benefits and privacy protection will be essential for the sustained growth of the dashboard camera market.
Legal Concerns
The global dashboard camera market faces a restraint due to legal restrictions in certain countries. In some regions, there are regulations that limit the use of dashcams, particularly concerning audio recording without the consent of all parties involved. Such legal limitations can create uncertainty and hinder widespread adoption of dashcams. Market players must navigate these legal complexities and work closely with regulatory bodies to ensure compliance and build consumer trust. Overcoming these legal challenges will be essential for the dashboard camera market to thrive and expand its reach in a global landscape.
The global dashboard camera market presents significant opportunities driven by the rising demand from commercial fleets. As commercial fleets increasingly utilize dashcams, they can enhance driver safety and lower insurance costs. Dashcams play a crucial role in accident prevention by capturing footage of hazardous driving behaviour. Additionally, they provide a means to monitor driver performance, identifying areas for training and improvement. The growing adoption of dashcams by commercial fleets highlights the potential for market players to capitalize on this trend by offering tailored solutions and services that address the specific needs of fleet operators.
By Technology Type
The market for dashboard cameras is segmented based on technology into three categories: basic, advanced, and smart dashcams. Basic dashcams are the entry-level and cost-effective option, equipped with a single camera and low-resolution recording capabilities. Advanced dashcams offer more functionalities, including night vision, GPS tracking, and parking mode. On the other hand, smart dashcams represent the most advanced category, featuring multiple cameras, high-resolution recording, and seamless connectivity to smartphones and other devices. This segmentation allows consumers to choose a dashcam that best suits their specific needs, preferences, and budgetary constraints.
By Product Type
The dashboard camera market is categorized based on product types into single-channel, dual-channel, and rear-view dashcams. Single-channel dashcams are designed to record the front view of the vehicle, providing a straightforward and budget-friendly option for capturing footage. Dual-channel dashcams offer a comprehensive solution by recording both the front and rear views of the vehicle, enhancing overall surveillance and safety. Rear-view dashcams focus solely on recording the rear view, suitable for drivers who prioritize monitoring activities behind their vehicle. This segmentation allows consumers to choose a dashcam that aligns with their specific needs and preferences for comprehensive video coverage.
By Application Type
The dashboard camera market is segmented based on application into personal vehicles, commercial vehicles, and law enforcement vehicles. Personal vehicles represent the largest segment, as dashcams are widely adopted by individual drivers to enhance safety and security on the road. In the commercial vehicle segment, fleet operators are increasingly utilizing dashcams to monitor driver behaviour, reduce accidents, and optimize insurance claims. Additionally, law enforcement vehicles integrate dashcams to record critical incidents during traffic stops and other law enforcement activities. This market segmentation enables tailored solutions for various vehicle types, catering to specific safety and monitoring needs.
Global Dashboard Camera Overview by Region.
Asia Pacific
Asia Pacific currently dominates the dashcam market, and this dominance is expected to continue in the future. The region's large population, growing urbanization, and increasing awareness of road safety are driving the demand for dashcams. Additionally, the presence of major automotive manufacturers and technological advancements in the region further contribute to its market dominance. As the demand for dashcams continues to rise, Asia Pacific is projected to maintain its leading position in the market in the coming years.
North America
North America is experiencing significant growth in the dashcam market, with a significant Compound Annual Growth Rate (CAGR). The region's increasing adoption of advanced automotive technologies and a strong focus on road safety are driving the demand for dashcams. Moreover, the growing popularity of connected cars and smart transportation systems is fuelling the market's expansion. With the continuous advancements in dashcam technology and the rising demand for enhanced safety measures, North America is expected to witness a substantial CAGR in the coming years.
Global Dashboard Camera Competitive Landscape
The competitive landscape of the market is marked by a wide array of players competing for market dominance. Several key players have introduced cutting-edge dashcams with advanced features such as high-resolution recording, cloud connectivity, and driver assistance functionalities. Additionally, various other manufacturers are actively contributing to the market with their unique offerings. The competition is fierce, with companies continually striving to gain an edge through technological innovations, customer-centric features, and expanding their product ranges. As consumer demand for dashcams continues to grow, the market is anticipated to witness even more intense competition among these players. The major players in the market are, Pittasoft Co. Ltd., Garmin Ltd, Falcon Zero LLC, Cobra Electronics Co, Safe Cams, THINKWARE, Harman, Amcrest Technologies LLC, HP Development Company LP, DOD Tech, DJI, Panasonic Corporation, DOD Tech, Waykens Unc., Papago Inc., LG Innotek, Koninklijke Philips N.V, Honeywell International Inc., and ABEO Technology CO.
Global Dashboard Camera Recent Developments
March 2023,
Garmin unveiled its latest product, the Dash Cam 880, a cutting-edge dashcam equipped with advanced features like 4K Ultra HD recording, voice control, and built-in Wi-Fi.
April 2023,
BlackVue introduced its latest model, the DR900S-2CH, a dual-channel dashcam featuring 4K Ultra HD recording, night vision, and parking mode.
May 2023,
Thinkware unveiled its latest offering, the F800 Pro, a dashcam equipped with 2K Ultra HD recording, cloud connectivity, and advanced driver assistance features.
Scope of Global Dashboard Camera Report
Global Dashboard Camera Report Segmentation
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ATTRIBUTE |
DETAILS |
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By Technology Type |
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By Product Type |
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By Application Type |
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By Geography |
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Customization Scope |
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Pricing |
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Objectives of the Study
The objectives of the study are summarized in 5 stages. They are as mentioned below:
To identify and estimate the market size for global dashboard camera segmented by technology, component, payment mode, vertical, and by value (in U.S. dollars). Also, to understand the consumption/ demand created by consumers of contactless payment between 2023 and 2031.
To identify and infer the drivers, restraints, opportunities, and challenges for global dashboard camera
To find out the factors which are affecting the market of Global Dashboard Camera among consumers
To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.
Research Methodology
Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region. The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.
Data Collection
Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.
Primary Research
After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market.
Secondary Research
A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.
Top-Down Approach & Bottom-Up Approach
In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.
In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.
This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.
Market Analysis & size Estimation
Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.
Quality Checking & Final Review
The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.
