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Global Dashboard Camera Market 2024 : Trends, Business Growth And Major Driving Factors | JVCKENWOOD Corporation, Panasonic Holdings Corporation, LG Innotek, Garmin International, DigiLife Technologies CO. Ltd
Dashboard Camera Global Market Report 2024
As per the report, the dashboard camera market size has grown exponentially in recent years. It will grow from $3.81 billion in 2023 to $4.59 billion in 2024 at a compound annual growth rate (CAGR) of 20.5%. The dashboard camera market size is expected to see rapid growth in the next few years. It will grow to $9.4 billion in 2028 at a compound annual growth rate (CAGR) of 19.6%.
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Rise In Road Accidents Drives Demand For Dashboard Cameras In The Market
An increase in the number of road accidents is contributing to the growth of the dashboard camera market. Absentminded driving has become a larger threat and is a major cause of car accidents over the past decades. For instance, in May 2022, the National Highway Traffic Safety Administration, a US-based government agency, estimated traffic fatalities for 2021, according to estimates, 42,915 individuals died in traffic crashes last year, a 10.5% rise over the 38,824 fatalities in 2020. Therefore, the increase in the number of road accidents is anticipated to boost the growth of the dashboard camera market.
Integration Of Telematics Systems Elevates Dashcams As Crucial Fleet Management Tools
The launch of dashcams integrated with telematics systems is a key trend gaining popularity in the dashboard camera market. The telematics system uses GPS and onboard diagnostics (OBD) to track the movements of vehicles, machinery, and other assets and display that data on a digital map. Telematics, also called fleet tracking or GPS vehicle tracking, has become a crucial management tool for many private and public fleets. Major companies operating in the dashboard camera market are focusing on developing telematic system-based dashboard cameras to strengthen their position in the market. For instance, in June 2023, HCSS, a US-based provider of software for heavy civil businesses, launched HCSS ADPlus Fleet Dashcam, a plug-and-play dash camera with an integrated Al processor to detect driving incidents like forward collisions and negligent driver behavior, like using phone while driving and being distracted. Heavy construction organizations can use the HCSS Dashcams on their fleet vehicles to protect drivers and prevent accidents.
The dashboard camera market covered in this report is segmented -
1) By Type: 1-Channel, 2-Channel, 3-Channel, Rear View
2) By Technology: Basic, Advanced, Smart
3) By Application: Commercial Vehicle, Personal Vehicle
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Major companies operating in the dashboard camera market report are JVCKENWOOD Corporation, Panasonic Holdings Corporation, LG Innotek, Garmin International, DigiLife Technologies CO. Ltd, Philips, Pittasoft, Nexar, Falcon Electronics LLC, Nextbase, Huawei Technologies Co, Vantrue, 70mai, Shenzhen Teamspower Electronics Company Ltd, Huizhou Boshijie Technology Co.Ltd, Huizhou Great-Will Industrial Co. Ltd, Shenzhen Ouxiang Electronics Co. Ltd, Shenzhen Lemik technology Co. Ltd, Shenzhen Ease-Way Tech. Co. Ltd, Qubo Car Dash Camera, F5 WiFi Dash Cam Front, Thinkware, Connixion, Concox, Midland, Osram, MOBOTIX, Blaupunkt, Promwad, Mobius Action Cam, Rexing V1LG, Blackboxmycar, Canada Computers, Jimi IoT, DDPAI, Redtiger, CPPlus, Loconav, Verizon Connect, Krishcom, Zane Wave, Mvp Tech, N Tech Security Systems, Ansari Security Systems, V-ITS, FleetCam, Eyetrust Surveillance, Edacom CC, CAMERA TRAPS.
Contents of the report:
1. Executive Summary
2. Dashboard Camera Market Report Structure
3. Dashboard Camera Market Trends And Strategies
4. Dashboard Camera Market - Macro Economic Scenario
5. Dashboard Camera Market Size And Growth
…..
27. Dashboard Camera Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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