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Automotive Dashboard Camera Market worth $20.61 billion by 2030, growing at a CAGR of 13.00% - Exclusive Report by 360iResearch
Automotive Dashboard Camera Market | 360iResearch
The Global Automotive Dashboard Camera Market to grow from USD 8.76 billion in 2023 to USD 20.61 billion by 2030, at a CAGR of 13.00%.
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The automotive dashboard cameras are designed to record sounds and images while the vehicle is being driven. The purpose is to provide video evidence in the event of an accident, to capture unusual events on the road, and to improve driving safety. These are predominantly used in private vehicles, commercial vehicles, law enforcement vehicles, and for insurance claim purposes. They serve as crucial eyewitnesses for accidents, deterrence for theft and vandalism, and as a tool for driver coaching and safety training. Rise in awareness of road safety, advancements in camera technology, declining prices of dashboard cameras, and the growing popularity of ride-sharing services drive the market growth . legislative changes requiring the use of dashboard cameras and insurance incentives for installation have also contributed significantly. Moreover, a high rate of road accidents, stringent vehicle safety regulations, or high insurance fraud rates has accelerated its installation. However, demand spans from low-end, consumer-grade products to high-end, multi-camera systems with advanced features such as GPS tracking, night vision, and automatic incident detection. Opportunities in the automotive dashboard camera market lie in the integration of advanced driver-assistance systems (ADAS), development of cameras with AI capabilities for real-time incident analysis, and expansion into emerging markets with untapped potential. Cloud storage services and video telematics for fleet management are also areas with substantial growth potential. Additionally, areas of innovation include research into battery life enhancement for uninterrupted recording, camera miniaturization, improved low-light image processing, and seamless integration with vehicle systems. Research into non-intrusive installation methods and the utilization of dashboard cameras for data analytics to understand driving patterns are also promising areas for further development.
The automotive dashboard camera market is experiencing robust growth, driven by heightened vehicle safety awareness, advancements in autonomous vehicles, and increased vehicle numbers globally. The Asia Pacific region is at the forefront, with China, Japan, and India fueling demand for technologically advanced dash cams. In contrast, the Americas, notably the U.S. and Canada, prioritize legal and insurance benefits leading to market maturity. The EMEA region's growth is diverse, with Europe's strong regulatory frameworks and the Middle East's luxury-driven market. Innovations in AI, ADAS, and cloud storage are meeting diverse consumer needs, with strategic partnerships, R&D, and intellectual property filings signaling vibrant competition and regional opportunities. Manufacturers face varied regulations, like Europe's GDPR, propelling strategic alliances, product enhancements, and innovation to comply and improve user experiences. The developed market's saturation poses challenges, whereas emerging markets offer potential for strategic market entry and brand establishment. Noteworthy innovations and strategic plans will remain pivotal as dash cam solutions become integral to automotive safety and insurance landscapes.
Market Segmentation & Coverage:
This research report categorizes the Automotive Dashboard Camera Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Power Source, market is studied across Individual Battery Powered and Vehicle Battery Powered. The Vehicle Battery Powered commanded largest market share of 90.01% in 2023, followed by Individual Battery Powered.
Based on Number of Lens, market is studied across Multi-Lens and Single-Lens. The Multi-Lens commanded largest market share of 75.29% in 2023, followed by Single-Lens.
Based on Connectivity, market is studied across 4G, Bluetooth, Wi-Fi, and Wired. The Wi-Fi commanded largest market share of 33.09% in 2023, followed by Wired.
Based on Resolution, market is studied across 1080P & Above and Up to 720P. The 1080P & Above commanded largest market share of 59.01% in 2023, followed by Up to 720P.
Based on Application, market is studied across Combined View, External View, and Internal View. The Combined View commanded largest market share of 47.57% in 2023, followed by Internal View.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 38.09% in 2023, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Automotive Dashboard Camera Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Automotive Dashboard Camera Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Automotive Dashboard Camera Market, highlighting leading vendors and their innovative profiles. These include ABEO Technology Co., Ltd., Amcrest Technologies, LLC, Cedar Electronics, Chameleon Codewing Ltd., Continental AG, DENSO TEN Limited, DOD Technologies, Falcon Electronics LLC, Garmin Ltd., Harman International Industries, Incorporated, Hewlett Packard Enterprise Company, JVCKENWOOD Corporation, Koninklijke Philips N.V., LG Electronics, Lytx, Inc., Nextbase, Panasonic Holdings Corporation, Pittasoft Co., Ltd., Samsara Inc., See The Fleet, Shenzhen Daza Innovation Technology Co. Ltd., Steelmate Automotive (UK) Ltd., Valeo SA, Verizon, Waylens, Inc., and Xiaomi Corporation.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Automotive Dashboard Camera Market, by Power Source
7. Automotive Dashboard Camera Market, by Number of Lens
8. Automotive Dashboard Camera Market, by Connectivity
9. Automotive Dashboard Camera Market, by Resolution
10. Automotive Dashboard Camera Market, by Application
11. Americas Automotive Dashboard Camera Market
12. Asia-Pacific Automotive Dashboard Camera Market
13. Europe, Middle East & Africa Automotive Dashboard Camera Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Automotive Dashboard Camera Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Automotive Dashboard Camera Market?
3. What is the competitive strategic window for opportunities in the Automotive Dashboard Camera Market?
4. What are the technology trends and regulatory frameworks in the Automotive Dashboard Camera Market?
5. What is the market share of the leading vendors in the Automotive Dashboard Camera Market?
6. What modes and strategic moves are considered suitable for entering the Automotive Dashboard Camera Market?
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