Press release
Vehicle Mounted Camera Market is expected to reach USD 15.21 billion by 2030: Cognitive Market Research
Vehicle Mounted Camera Market is expected to reach USD 15.21 billion by 2030: Cognitive Market Research
Small video cameras, also referred to as dash cams or car cameras, are typically positioned on a vehicle's dashboard, windscreen, or rearview mirror. These cameras are made to capture images of the area around the car while it is moving or stationary. In cases of crashes or accidents, dashcams can give critical evidence. The videotape can be used to establish liability and support insurance claims. When the car is parked, these cameras can prevent theft, vandalism, and other illegal activity. They can record ominous activity and function as a deterrent to potential offenders. Some insurance providers provide unique rates or discounts for cars with dash cams.
Summary:
The Global Vehicle Mounted Camera market was valued at USD 5.60 billion in 2022 and is projected to reach USD 15.21 billion by 2030, registering a CAGR of 13.3% for the forecast period 2023-2030.
Market Dynamics:
• Growing incidences of road accidents will impact Vehicle Mounted Camera Market
The growing incidences of road accidents are a concerning global issue with multiple contributing factors. While vehicle-mounted cameras can help in documenting and understanding these accidents, it is crucial to address the broader causes and work toward prevention. For instance, according to the Ministry of Road Transport & Highways, during the year 2021, a total number of 4,12,432 road accidents have been reported in the country, claiming 1,53,972 lives and causing injuries to 3,84,448 persons. In addition, the National Highway Traffic Safety Administration has released its latest projections for traffic fatalities in 2022, estimating that 31,785 people died in traffic crashes in the first nine months of the year.
The vehicle-mounted camera is one of the important tools to enhance safety and security on the roads. Vehicle-mounted cameras provide a sense of protection and reassurance to drivers by recording potential accidents, road rage incidents, and other dangerous situations. This footage can serve as evidence and aid in resolving disputes. In addition, vehicle-mounted cameras play a crucial role in documenting accidents.
• The growing interest in carpooling among millennials is also expected to impact the vehicle-mounted camera market
• The high Cost of Vehicle mounted cameras may hinder the growth of Vehicle Mounted Camera Market (Available on- https://www.cognitivemarketresearch.com/vehicle-mounted-camera-market-report)
Market Segmentation:
Type:
• IR
• Dome
• Dual Lens
• Other
Application:
• Passenger Vehicles
• Commercial vehicles
The passenger vehicle segment is the largest contributor to the market, owing to the increased production of passenger cars due to increased demand, growing per capita income, and changing lifestyles. For instance, according to the International Organization of Motor Vehicle Manufacturers, China produced 23836083 cars and Japan produced 6566356 cars in the year 2022.
Get free sample pages of latest published Vehicle Mounted Camera Market Report: https://www.cognitivemarketresearch.com/vehicle-mounted-camera-market-report#request_sample
Competitive Analysis for Vehicle Mounted Camera Market:
• Command Light
• Crearo
• GoPro
• Harima
• Hongdian Corporation
• INTEC Video Systems
• OKAF
• Pixim
• RECODA
• Sowze
Regional Analysis:
North America is the largest contributor to the global vehicle-mounted camera market. This growth is attributed to the favorable government initiatives regarding safety devices in the automotive industry, the quick adoption of advanced technologies, and the presence of major automotive players such as Ford Motor Company, Rivian Automotive, Polaris Industries, Tesla, and others. On the other hand, the APAC region is expected to grow with the highest CAGR during the forecast period, owing to the increasing buying power, growing spending capacity, and developing infrastructure in this region, China, India, and Japan held the major market shares for the market in Asia Pacific region.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research Methodology Review Complete Research Methodology
Chapter 3 Executive Summary of Vehicle Mounted Camera Market
• 3.1 Global Vehicle Mounted Camera Market Size 2018 - 2030, (USD Million)
• 3.2 Global Vehicle Mounted Camera Value, Absolute & Opportunity Analysis
• 3.3 Global Vehicle Mounted Camera Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Vehicle Mounted Camera Market Statistics 2022: Snapshot
Chapter 4 Global Vehicle Mounted Camera Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
• 5.1 Global Vehicle Mounted Camera Market Revenue and Share by Manufacturers (2018-2022)
• 5.2 Global Vehicle Mounted Camera Industry Mergers and Acquisition Analysis
• 5.3 Global Vehicle Mounted Camera New Launches Analysis
• 5.4 Company Categorization
• 5.5 Global Vehicle Mounted Camera Top Winning Strategies, by Manufacturers (2018-2022)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Vehicle Mounted Camera Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Vehicle Mounted Camera Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Vehicle Mounted Camera Market Regional Analysis
Chapter 12 North America Vehicle Mounted Camera Market Outlook (2018 - 2030)
Chapter 13 Europe Vehicle Mounted Camera Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Vehicle Mounted Camera Market Outlook (2018 - 2030)
Chapter 15 Latin America Vehicle Mounted Camera Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Vehicle Mounted Camera Market Outlook (2018 - 2030)
Chapter 17 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more the Vehicle Mounted Camera Market TOC click here: https://www.cognitivemarketresearch.com/vehicle-mounted-camera-market-report#table_of_contents
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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