Global Dashboard Cameras Market to Rise at 16.5% CAGR 2014-2020 due to Stricter Automotive Safety Rules

Transparency Market Research has recently published a research report to offer definitive insight into the global dashboard camera market. The research report, titled “Dashboard Camera Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,” evaluates the strengths, weaknesses, opportunities, and threats faced by the market segments in the overall dashboard camera market with the help of a SWOT analysis. Furthermore, research analysts have also examined the historical data and compared it with the present market scenario to determine the trajectory of this market for the coming years.

According to the research report, the global dashboard camera market was valued at US$1,458.2 mn in 2013 and is anticipated to rise at a CAGR of 15.3% between 2014 and 2020. Dashboard cameras are seen in private cars, rental vehicles, commercial vehicles, and law enforcement vehicles amongst others. These are real-time video recording devices that are installed on vehicle dashboards to capture the surroundings of the vehicles in order to monitor driving behavior, help the driver to park correctly, and to maintain video evidence in the event of an accident.

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The primary growth drivers for the global dashboard camera market are strict road safety regulations, dropping prices of dashboard cameras, and growing awareness about advantages of using dashboard cameras. Furthermore, the growth of the automotive industry and the increasing installations of these cameras by car manufacturers, especially in the newer cars, are also expected to drive this market in the coming years. The only major factor restraining the growth of this market is the implementation of the Privacy Act in countries such as Austria, Portugal, and Belgium where cases of video recording of public places are liable to be reported.

The global dashboard camera market has been segmented on the basis of type, technology, and geography. The type of dashboard cameras in the market are advanced dashboard cameras, basic dashboard cameras, and smart dashboard cameras. The technologies used in this market are multi lens, single lens, and rearview dashboard camera. Geographically, this market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
The basic dashboard cameras segment contributed 62% to the total revenue earned by the overall dashboard camera market in 2013. Analysts predict that this segment will continue its dominance in the near future due to stringent government regulations and increasing demand for automotive safety. Meanwhile, the advanced dashboard cameras segment is estimated to rise at a CAGR of 16.5% from 2014 to 2020.

Browse the full Dashboard Camera Market Research Report at http://www.transparencymarketresearch.com/dashboard-cameras-market.html

Some of the key players in the global dashboard camera market are Pittasoft Co. Ltd. (BlackVue), Fiat Chrysler Automobiles (FCA) US LLC, Delphi Automotive Systems Pvt Ltd, Garmin International Inc, Qrontech Co., Ltd. (Lukas), Harman International Inc, Toyota Motor Corp, DCS Systems Ltd. (RoadHawk UK), Papago Inc., and others. The research report discusses the regulatory framework influencing the trajectory of this market along with explanting the competitive landscape of the overall dashboard camera market. Additionally, the research report also provides an assessment of the financial overview, product portfolio, research and development activities, and business and marketing activities of these top players in the coming few years.

The global dashboard cameras market is categorized into the following segments:

Dashboard Camera Market, by Type

• Basic Dashboard Cameras
• Advanced Dashboard Cameras
• Smart Dashboard Cameras

Dashboard Camera Market, by Technology

• Single Lens (Single Channel)
• Multi Lens (Dual Channel)
• Rearview Dashboard Cameras

Dashboard Camera Market, by Geography

• North America

• Europe
o Russia
o Germany
o UK
o Sweden
o France
o Norway
o Rest of Europe

• Asia Pacific (APAC)
o China
o Korea
o Japan
o Oceania
o Rest of APAC

• Rest of the World (RoW)

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