Press release
Dashboard Camera Market See Huge Growth for New Normal
Dashboard Camera Market size was valued at USD 3.14 Billion in 2020 and is projected to reach USD 8.59 Billion by 2028, growing at a CAGR of 13.44% from 2021 to 2028.Dashboard Camera Market Definition
A dashboard camera, also known as a dashcam, vehicle digital video recorder (car DVR), event data recorder (EDR), or driving recorder, is a specialized portable onboard camera fitted to the interior of the windscreen of a car. Dashboard cameras are tiny video cameras that are installed in the dashboard or vehicle's windscreen of passenger automobiles and commercial vehicles such as trucks and trailers. These cameras use the vehicle's electrical system to operate. They feature both manual and automated controls, with the automatic system starting as soon as the car's ignition is turned on.
These cameras have now become a necessary component of the automobile aftermarket. It is used to capture collisions, road accidents, track rash driving, sharp accelerations, speed limits, and incidents in the vehicle's interior and environs. Single-channel and dual-channel dashboard cameras are available. Front-facing, rear-facing, interior, triple-lens, and small dashboard cameras are among the most frequent options. They have a built-in global positioning system (GPS) and night recording capabilities.
Dashboard Camera Market Overview
The global Dashboard Camera Market is predicted to develop significantly during the forecasted period with a rise in the number of road accidents and thefts. The number of road traffic accidents is on the rise all around the globe, which has boosted the popularity of dash cams. When one is engaged in a car accident or a high-stress event, dashcam film gives an impartial account of the collision, which may assist speed up insurance claims and cut insurance costs. The popularity of dashboard cameras has grown in recent years as a result of the numerous benefits they provide.
Besides that, even though many dashboard cameras are rechargeable, they may be used even while the car is not moving. One of the most effective uses of dashcams is catching the perpetrators of parking accidents and the theft of items left in the vehicle. All of these advantages supplied by dash cameras are causing the worldwide Dashboard Camera Market to develop at a faster rate. In addition, the global Dashboard Camera Market is being driven forward by a rise in the pace of automotive sales. Automobile sales are on the rise around the world.
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Global Dashboard Camera Market: Segmentations
Global Dashboard Camera Market: By Key Players
Garmin Ltd
Panasonic Corporation
Aiptek Inc
Samsung Electronics Co., Ltd. (Harman International Industries, Inc.)
DOD Tech
Pittasoft Co., Ltd
Steelmate Automotive (UK) Ltd
HP Development Company LP
Thinkware Dash Cam
Cobra Electronics Corporation
LG Electronics Inc
Others
Global Dashboard Camera Market: By Product Type
Single-channel
Dual-channel
Rear-view
Global Dashboard Camera Market: By Technology
Basic
Advanced
Smart
Global Dashboard Camera Market: By Video Quality
SD & HD
Full HD & 4K
Global Dashboard Camera Market: By Appplication
Commercial Vehicles
Passenger Cars
Global Dashboard Camera Market: By Distribution Channel
Online
In-store
Global Dashboard Camera Market: Regional Analysis
The countries covered in the regional analysis of the Global Dashboard Camera market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
• Provides insight into the market through Value Chain
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