Car Dashcam Market Report 2023 : Global Industry Trends, market challenges, Share, Size, Growth, Opportunity and Forecast Till 2030

Car dashcams are video cameras that continuously record the view through a vehicle's front windscreen and sometimes rear or other windows. They are widely used to provide video evidence in insurance claims and legal cases.

Market Dynamics:

Car dashcams are gaining popularity due to increasing concerns regarding vehicle and passenger safety. Road accidents have remained a major cause of deaths and injuries worldwide. As per the World Health Organization, over 1.3 million people die in road crashes each year, on average 3,287 deaths a day. Therefore, many drivers are installing dashcams inside their vehicles to record evidence that may help determine fault in case of an accident or criminal activity. In addition, growing demand for advanced driver-assistance systems and rise in sales of luxury vehicles are also fueling growth of the car dashcam market during the forecast period.

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Increasing Demand for Improved Road Safety and Accountability

The demand for improved road safety and accountability is one of the major market drivers for the car dashcam market. Dashcams provide crucial video evidence in case of accidents which can help determine liability and settle insurance claims quickly. They act as an unbiased third-party witness to traffic incidents. This promotes safer driving behavior as drivers know their actions are being recorded. Dashcams can help identify hit-and-run incidents and capture crucial details like license plates that can aid in apprehending the culprit. They provide drivers with a sense of security and peace of mind while on the road.

Advancements in Dashcam Technology

Rapid advancements in dashcam technology including improved image quality, wider angle lenses, better battery life and storage capabilities are fueling the growth of the car dashcam market. Earlier dashcams were basic recording devices but modern ones offer smart features like GPS tracking, WiFi connectivity for seamless video downloading, G-sensor technology for automatic incident detection and recording. Supercapacitor units have replaced Li-ion batteries providing more stable performance in extreme temperatures. Cloud storage integration allows saving footage online. These additions have made dashcams more practical and user-friendly. Their value as a smart driving companion beyond just a recording device is attracting more customers.

Detailed Segmentation:

On the basis of Technology

Basic Dashboard Camera
Advanced Dashboard Camera
On the basis of Product Type

Single Lens
Multi Lens
On the basis of Vehicle Type,

Passenger Cars
Commercial Vehicles

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Regional Analysis:

⁃ North America: United States, Canada, and Mexico

⁃ South & Central America: Argentina, Chile, Brazil and Others

⁃ Middle East & Africa: Saudi Arabia, UAE, Israel, Turkey, Egypt, South Africa & Rest of MEA.

⁃ Europe: UK, France, Italy, Germany, Spain, BeNeLux, Russia, NORDIC Nations and Rest of Europe.

⁃ Asia-Pacific: India, China, Japan, South Korea, Indonesia, Thailand, Singapore, Australia and Rest of APAC.

Opportunity: Access to Usage-based Insurance Programs

Partnerships with insurance providers for usage-based insurance programs present a major business opportunity for dashcam manufacturers and vendors. Usage-based insurance involves insurance premiums being adjusted according to real-time driving habits and behavior data collected via telematics devices. Dashcam footage containing metrics like braking frequency, average speed, time of travel etc. can help determine driver risk profiles accurately. Several insurance companies have started pilot programs to tap into this new data source. If adapted on a wider scale, it could significantly grow the install base of dashcams. It also opens up the possibility of dashcam footages being integrated with advanced driver assistance systems in cars of the future for improved road safety outcomes.

Trend: Increasing Popularity of Dual Dashcams

A notable trend gaining traction in the car dashcam market is the increasing popularity of dual dashcams. Simple single channel dashcams that only record footage through the front windscreen are being replaced by dual channel models. Dual channel dashcams feature an additional smaller secondary camera to simultaneously record footage inside and outside the vehicle through separate front and interior lenses. This captures a wider coverage area and provides dual perspectives in case of incidents. Dual channel dashcams are especially useful for ride-sharing and taxi services where internal cabin recordings provide additional security and accountability. With their ability to offer expanded surveillance, dual cam models are expected to become the new mainstream choice and drive higher revenue growth opportunities for manufacturers.

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Key Questions Addressed in the Market Report:

What is the expected size, share, and CAGR of the Car Dashcam Market over the forecast period?
What are the key trends expected to influence the Car Dashcam Market between 2023 and 2030?
What is the expected demand for various types of products/services in the Car Dashcam Market?
What long-term impact will strategic advancements have on the Car Dashcam Market?
Who are the key players and stakeholders in the Car Dashcam Market?
What are the different segments and sub-segments considered in the Car Dashcam Market research study?

Strategic Points Covered in Table of Content of Global Car Dashcam Market:

Chapter 1 : Introduction, market driving forces, and product The study and research objectives are to investigate the Car Dashcam market.

Chapter 2: Exclusive Summary - Car Dashcam Market Fundamentals.

Chapter 3: The Changing Impact on Market Dynamics- Drivers, Trends, and the Challenges and Opportunities of Process Spectroscopy

Chapter 4: Car Dashcam Market Factor Analysis, Porter's Five Forces Analysis, Supply/Value Chain, SWOT Analysis, Market Entropy, and Patent/Trademark Analysis are all presented in this chapter

Chapter 5: 2017-2022 Forecast by Type, End User, and Region/Country

Chapter 6: Evaluating the key players in the Car Dashcam market, including the Competitive Landscape, Peer Group Analysis, BCG Matrix, and Company Profile.

Chapter 7: To evaluate the market by segments, countries, and manufacturers/companies, as well as revenue share and sales by major countries in these regions (2023-2030).

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