Dashboard Camera Market Size 2021 Future Demand, Leading players – Panasonic Corporation, Aiptek Inc., ABEO Company Co. Ltd, Samsung Electronics Co., Ltd. (Harman International Industries, Inc.)

The Global Dashboard Camera Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The dashboard camera market was valued at USD 1910.17 million in 2019, and it is expected to reach USD 5117 million by 2025, registering a CAGR of 21.90%, during the forecast period of (2020 - 2025).

Top Companies in the Global Dashboard Camera Market are Garmin Ltd, Panasonic Corporation, Aiptek Inc., ABEO Company Co. Ltd, Samsung Electronics Co., Ltd. (Harman International Industries, Inc.), DOD Tech, Papago Inc., Steelmate Automotive (UK) Ltd, HP Development Company LP, LG Electronics Inc. and others.

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Key Market Trends

Dual-channel Cameras to Witness Major Growth

- Multi-lens dashboard cameras represent a lucrative segment to invest in for dashboard camera manufacturers. There has been an increasing preference for dual-channel dashboard cameras over single-channel dashboard cameras.

- These cameras are gaining popularity among private and commercial vehicle owners. Dual-channel dashcam systems comprise of two cameras with high-resolution feed, for front and rear video recording.

- Further, the introduction of innovative technology applications by the companies is driving the growth of the market. For instance, Thinkware launched its dual-channel Dash Cam F800 Pro, which has improved features over the F800 model. The new dashcam offers enhancements, such as better power management for hard -wired installations and a different color scheme, while retaining the best -in -the - business night capture

- With the increasing traffic-related fatalities across the globe, the market is expected to witness positive growth.

North America to Register Significant Growth

- North America is expected to witness significant growth led by various companies and startups in the United States starting to make substantial investments to increase their presence and aid the region's adoption rate. Whereas the existing companies are innovating new products to expand the product portfolio to gain market traction and increase their market share.

- For instance, Garmin International Inc., launched the new Dash Cam 46/56/66W and the Dash Cam Mini, the latest additions to its popular dashboard camera lineup. The new series includes an ultra-compact design, high-resolution video, an extra-wide view, GPS, and voice control; the drivers can easily find a Garmin dash cam that is tailored to their specific needs

- Similarly, a group of startups in the United States have developed an innovative business model, wherein the drivers are offered monetary rewards for installing dashboard cameras in their vehicles. As a result, an increasing number of ride service providers across North America, such as Lyft and Uber, have started deploying in-car DVRs to record their rides.

- Besides, the current lack of direct discounts from insurance companies for the installation of dashcams is estimated to impact the low interest of US consumers. However, stringent regulations mandated by the government, due to the growing number of accidents in the United States, are expected to propel the growth.

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What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Dashboard Camera market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Dashboard Camera market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Dashboard Camera market.

Market Segments: This part of the report discusses product type and application segments of the global Dashboard Camera market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches Dashboard Camera used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

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