Car Dashcam Market Booming the Industries by Ravisisng keyplayers | Hewlett-Packard Company, DOD-Tech Co. Ltd., ABEO Company Co. Ltd., Panasonic Corporation, Aiptek Inc., Garmin, LG Corporation, Qrontech Co. Ltd., Pittasoft Co. Ltd., Satechi Baravon, and

Dashcams are small video cameras installed on the dashboard of a vehicle. They are increasingly being used to film the road in front or behind a vehicle, either as a source of entertainment or as a source of evidence in the event of an accident. Moreover, dashcams are beneficial for capturing unexpected movement of cosmic bodies visible in the atmosphere. For instance, dashcam footage was the most common footage of the February 2013 Chelyabinsk meteor, which was a superbolide that entered into Earth's atmosphere over Russia on 15 February 2013. The video of this occurrence was documented from at least a dozen angles by dashcams.

Download PDF Brochure of Research Report: https://www.coherentmarketinsights.com/insight/request-pdf/1813

Rising concerns regarding safety coupled with stringent government regulations are major factors driving growth of the global market

Increasing number of road accidents and rising safety concerns are the major factors driving growth of the car dashcam market. According to World Health Organization (WHO), an estimated 1.3 million road accidents occur annually worldwide, among which around 93% road traffic death occurs in low and middle income economies. Thus, governments are implementing standards for safety and prevention of accidents by mandating installation of rear-view cameras in vehicles worldwide.

Global Car Dashcam Market: Vehicle Type Segment

Among vehicle types, passenger cars accounted for the largest share in the global car dashcam market in 2016, in terms of volume. For instance, according to The Organisation Internationale des Constructeurs d'Automobiles (OICA), in 2016, total vehicle produced globally was 94,976,569 units, among them 72,105,435 were passenger cars produced in 2016, which is almost 75% of the global vehicle production. Therefore, increasing vehicle production is leading to high demand for car dash cam market globally.

Global Car Dash cam Market: Regional Insights

The market for car dashcam in Asia Pacific accounted for the largest share in 2016 and is expected to retain its dominance over the forecast period. Growth in this region is attributed to presence of some of the world’s largest manufacturing and sales hubs in the region. According to Coherent Market Insights’ analysis, production of vehicles in countries, including China, India, Japan, South Korea, and Thailand accounted for over 50% of the global production.

Request for Customization of Research Report: https://www.coherentmarketinsights.com/insight/request-customization/1813

Global Car Dash Cam Market: Competitive Background

Major players operating in the car dashcam market include Hewlett-Packard Company, DOD-Tech Co. Ltd., ABEO Company Co. Ltd., Panasonic Corporation, Aiptek Inc., Garmin, LG Corporation, Qrontech Co. Ltd., Pittasoft Co. Ltd., Satechi Baravon, and Bulls-I Vehicle Drive Recorders.

Global Car Dash cam Market: Taxonomy

On the basis of Technology

• Basic Dashboard Camera
• Advanced Dashboard Camera

On the basis of Product Type

• Single Lens
• Multi Lens

On the basis of Vehicle Type,

• Passenger Cars
• Commercial Vehicles

On the basis of region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East
• Africa

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

This release was published on openPR.