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Light Commercial Vehicle Dashboard Camera Market Global Business Outlook and Professional Survey Report 2027

11-25-2020 07:46 PM CET | Logistics & Transport

Press release from: Allied Market Research

Light Commercial Vehicle Dashboard Camera Market

Light Commercial Vehicle Dashboard Camera Market

Light commercial vehicle dashboard camera is a portable onboard video recorder which is placed inside the vehicle and hence continuously recording the view though the vehicle’s front windscreen. Dashboard cameras can also monitor a 360-degree view of the car which can further send the recording over a 4G connection. Furthermore, the demand for dashboard cameras in a light commercial vehicle has significantly increased owing to the legal protection in case of vehicle collisions and increasing number of car thefts. The recording from the camera is used for presenting evidence for insurance claims and thereby, preventing majority of insurance fraud. Moreover, discounts on insurance premiums are provided by the companies to the vehicles which are equipped with dashboard cameras. Therefore, the high acceptance for latest technology and discounts on insurance premiums is expected to drive the market growth for the light commercial vehicle dashboard camera market growth.

Access Full Summary @ https://www.alliedmarketresearch.com/light-commercial-vehicle-dashboard-camera-market-A07951

Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa

Companies covered
Major players analysed include Hewlett-Packard, DOD-Tech Co. Ltd., ABEO Company, Panasonic Corp, Aiptek Inc., Garmin, LG Corp, Qrontech Co. Ltd., Pittasoft, and Satechi Baravon.

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Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Increase in number of road accidents & car thefts, favourable initiatives pertaining to the usage of dashboard cameras and benefits for vehicle owners & motorists are driving the growth of the market. However, reliability & privacy issues and laws restricting the use of dashcams in countries such as Austria & Luxembourg are expected to hamper the growth of the market. Contrarily, increasing adoption of dashboard cameras in light commercial vehicles and government initiatives encouraging the use of these cameras creates a favourable condition for the implementation of dashboard cameras which can be an opportunity for the market investments.

The light commercial vehicle dashboard camera market trends are as follows:

Increase in number of road accidents
A significant increase in the number of road accidents were witnessed majorly in low & middle economical countries such as Bangladesh, Indonesia and others. For instance, according to the world health organization (WHO), around 1.25 billion people die every year due to the road accidents. Furthermore, 90 percent of the road fatalities in the world occur in low & middle economical countries due to lack of appropriate infrastructure for the construction of roads and highways. Owing to the various mentioned factors, an increase in demand for dashboard cameras in the light commercial vehicles for safety & security of the passenger as well as the pedestrians is experienced worldwide. Therefore, the increase in number of road accidents is anticipated to boost the market growth for the light commercial vehicle dashboard camera market.

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Key benefits of the report:

1 This study presents the analytical depiction of the light commercial vehicle dashboard camera industry along with the current trends and future estimations to determine the imminent investment pockets.
2 The report presents information related to key drivers, restraints, and opportunities along with challenges of the light commercial vehicle dashboard camera market.
3 The current market is quantitatively analyzed from 2019 to 2027 to highlight the light commercial vehicle dashboard camera market growth scenario.
4 We can also determine dashboard cameras will remain a significant revenue shareholder in the global light commercial vehicle dashboard camera market through the predictable future.

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Contact:
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About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

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