Vehicle Cameras Market : New Solid Reasons Of Growth.

Global vehicle camera refer to the device that is used for recording videos and capturing images both inside and outside the vehicle. These cameras are attached to the dashboard and windshield of the vehicle and provide various features such as G-sensor, loop recording, among others. These cameras are available at a price ranging from less than US$ 100 to more than US$ 400. These cameras also help drivers for parking, gather critical evidence, assist for parking, and also for night vision. Depending upon the power supply, these cameras provide continuous video recording, used as an evidence in the event of an accidents.

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Market Dynamics

An increase in the number of road accidents is expected to drive market growth during the forecast period. According to the world health organization, road traffic leading to a cause of death for the age group between 15 and 29 years. Approximately 1,250 million people die owing to road accidents. In addition, 90% of road accidents have increased in the low and middle economical countries. Such factors have increased the demand for cameras that are equipped with a vehicle to provide safety and security for the vehicle, driver, and passenger. These cameras provide blind spot detection that will be going to minimize road accidents. Furthermore, road accidents lead to the economic and financial loss to the individuals, their families, which, in turn, increases the demand for the global vehicle camera market.

Market Overview
Vehicle cameras are onboard devices used in private cars, rental & commercial vehicles, and law enforcement vehicles. These cameras provide constant video recording, which could be used as evidence in the event of an accident or criminal activity. These cameras are available at a price ranging from less than US$ 100 to more than US$ 400. These cameras also help drivers for parking, gather critical evidence, assist for parking, and also for night vision.

The global vehicle cameras is estimated to account for US$ 2,671.4 Mn in terms of value by the end of 2027.

Market Opportunities

Partnership with automobile manufacturers can present major business opportunities
Vehicle cameras are expected to witness high demand in the near future, owing to increasing awareness regarding the use of vehicle cameras in major countries worldwide. Vehicle cameras are presently available as additional vehicle safety and security accessories. These cameras are purchased by the vehicle owners based on their needs. However, vehicle camera manufacturers are expected to find immense opportunities through partnerships with automobile manufacturers. Governments of different countries are focused on issuing regulations related to the mandatory use of vehicle cameras to ensure public safety on roads.

Detailed Segmentation:

Global Vehicle Cameras Market, By price:

Affordable
Mid-range
High-end

Global Vehicle Cameras Market, By End-user:

Law Enforcement and Defense Vehicles
Private Vehicles
Transportation Vehicles
Others

Global Vehicle Cameras Market, By Region:

North America
Europe
Asia Pacific
Latin America
Middle East
Africa

Keyplayers in Vehicle Cameras Market :

Key companies covered in the global vehicle cameras are Qrontech Co., Ltd. (Lukas), S. Will Industrial, Ltd., AIPTEK International, Inc., Hyundai MnSOFT, GoPro, Inc., Pittasoft Co., Ltd., DCS Systems Ltd. (RoadHawk UK), Garmin International, Inc., and Transcend Information, Inc.

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This release was published on openPR.