Press release
Dashboard Camera Market Size to Reach US$ 7.5 Billion 2023-2028 | Industry CAGR of 13.57%
What Are The Growth Prospects Of The Dashboard Camera Industry?
According to the report, The global dashboard camera market size reached US$ 3.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.5 Billion by 2028, exhibiting a growth rate (CAGR) of 13.57% during 2023-2028.
What is Dashboard Camera?
Also known as a dashcam, a dashboard camera is a compact video recording device that is installed in vehicles to capture real-time footage of the road ahead and inside the vehicle. It is typically mounted on the dashboard or windshield and continuously records the surroundings while driving. It can provide crucial evidence in accidents, insurance claims, and legal disputes. It offers a reliable way to document incidents on the road and captures details like vehicle speed, driver behavior, and road conditions. It often comes equipped with additional features, such as GPS tracking, motion sensors, and parking mode, which enhances its functionality. It has nowadays become an essential accessory for both individual car owners and commercial fleet operators and offers improved safety and security on the road.
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What are the growth prospects and trends in the dashboard camera industry?
The increasing concerns for road safety and the growing need for evidence in accidents have catalyzing the demand for dashboard cameras worldwide. With the rising number of road accidents and fraudulent insurance claims, individuals and businesses are recognizing the value of having a reliable video recording device in their vehicles. Additionally, the growing adoption of dashboard cameras by insurance companies, law enforcement agencies, and fleet operators is strengthening the growth of the market. Apart from this, technological advancements in the dashcam industry are resulting in the rising development of high-resolution cameras, improved video compression techniques, and advanced driver assistance system (ADAS) integration. These features enhance the image quality, storage capacity, and overall functionality of dashboard cameras, attracting a wider customer base. Moreover, the integration of artificial intelligence (AI) and machine learning algorithms in dashcams enables intelligent features like lane departure warnings, forward collision warnings, and driver drowsiness detection, which is contributing to the market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Technology:
Basic
Advanced
Smart
Breakup by Product:
1-Channel
2-Channel
Rear View
Breakup by Video Quality:
SD and HD
Full HD and 4K
Breakup by Application:
Commercial Vehicle
Personal Vehicle
Breakup by Distribution Channel:
Online Stores
In-store
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
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Who are the key players operating in the industry?
The report covers the major market players including:
ABEO Technology CO. Ltd
Aiptek International GmbH
Amcrest Technologies Llc
CNSLink Ltd.
Cobra Electronics Corporation (Cedar Electronics Corporation)
DigiLife Technologies Co. Ltd. (KYE Systems Corp.)
DOD Technologies Inc
Garmin Ltd.
LG Electronics Inc.
Panasonic Corporation
Pittasoft Co. Ltd.
Steelmate Co. Ltd.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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