Europe Dashboard Camera Market 2021 Future Growth with Technology Advancements and Outlook- Blackvue (Pittasoft Co. Ltd), MIO (A brand of MiTAC Europe Limited), Vantrue Inc., Nextbase UK, Garmin Ltd

The Europe Dashboard Camera Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Europe Dashboard Camera Market is expected to register a CAGR of 18.01% over the forecast period and is expected to reach a market value of USD 2053.138 million by 2025. 

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Competitive Landscape:

Top Companies: Blackvue (Pittasoft Co. Ltd), MIO (A brand of MiTAC Europe Limited), Vantrue Inc., Nextbase UK, Garmin Ltd, RoadHawk (Trakm8 Holdings PLC), Halfords Group PLC, Kenwood Europe (JVC KENWOOD Corporation), Samsara Inc., Steelmate Automotive UK Ltd.

Industry News and Updates:

- May 2019 - Nextbase, a UK based dashcam provider, launched its Series 2 product range, consisting of 5 new dash cam products. The series 2 products will feature new products including Emergency SOS, Alexa, Magnetic mount, and auto sync Bluetooth support amongst others.
- February 2019 - Samsara Inc., launched a dashcam that uses artificial intelligence to identify dangerous driving behaviors. The cameras are part of broader investment in artificial intelligence and are expected to give Samsara the ability to provide customers with added features through over-the-air software upgrades at no extra cost.

Key Market Trends:

- In Europe, the concept of dashboard cameras was initially adopted by masses in Russia and then the trend shifted to the United Kingdom and Germany.
- Since the country is depictive of insurance frauds, fear of aggressive motorists, and even accidents inappropriately investigated without the equipment, the usage of dashboard camera has become a necessity.
- Also, the country's legal system, rarely favors first-hand accounts of traffic collisions, combined with lax law enforcement, has made dashboard cameras all but a requirement for the countrys citizens.
- Moreover, since 2003, every car owner in Russia is mandated to have an insurance policy. However, the mandatory, basic auto insurance in Russia is very limited in coverage.
- With a poor road safety record, and the vehicles, especially old ones, requiring timely inspections are expected to make dashboard camera as one of the significantly growing markets in the country.

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

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Europe Dashboard Camera Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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