2025-2034 Dashboard Camera Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights

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How Large Will the Dashboard Camera Market Size By 2025?
The market size of dashboard cameras has experienced exponential growth in the past few years. Expectations stand that it will surge from $4.56 billion in 2024 to $5.48 billion in 2025, registering a compound annual growth rate (CAGR) of 20.3%. The unprecedented growth witnessed in the given historic period can be traced back to favourable economic advancements in emerging markets, an escalating number of worldwide road accidents, an upsurge in fraudulent insurance claims, and a noticeable increase in vehicle theft.

How Big Is the Dashboard Camera Market Size Expected to Grow by 2029?
The market for dashboard cameras is projected to experience a substantial increase in the coming years, reaching a worth of $11.18 billion by 2029. This growth, at a compound annual growth rate (CAGR) of 19.5%, can be accredited to several factors, including heightened consumer consciousness regarding safety within vehicles, an uptick in the purchase of electric and hybrid cars, the wider acceptance of sophisticated driver assistance systems, and a global boom in the manufacture of automobiles. Forecasted trends within this period encompass an emphasis on dashboard cameras that are combined with telematics systems, technology for monitoring vehicle fleets, intelligent dashboard cameras used for driver assistance and protection, original product innovations, lte (long-term evolution or 4g) connected dashboard cameras, and technological progress.

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Which Key Market Drivers Powering Dashboard Camera Market Expansion and Growth?
The surge in the count of road mishaps is playing a significant role in propelling the expansion of the dashboard camera market. Inattentive driving has emerged as a greater risk, causing most car crashes over the recent years. As reported by Road Trauma Australia, a sector of infrastructure, transport, regional development, communications, and the arts, in May 2023, Australia witnessed 1,194 fatal road crashes in 2022. This accounted for a 5.8% climb from the preceding year, 2021. Thus, this rising trend in road mishaps is expected to facilitate the growth of the dashboard camera market.

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Which Fast-Growing Trends Are Poised to Disrupt the Dashboard Camera Market?
An emerging trend in the dashboard camera market is the introduction of dashcams that incorporate telematics systems. These systems use Global Positioning System (GPS) and onboard diagnostics (OBD) to monitor the movements of vehicles, machinery and other equipment and present this information on a digital map. Notably, telematics, also known as fleet tracking or GPS vehicle tracking, has become an essential management instrument for numerous private and public fleets. Significant companies in the dashboard camera market are aiming to solidify their market status by developing dashboard cameras based on telematic systems. For example, in June 2023, HCSS, a US firm that provides software for heavy civil businesses, rolled out HCSS ADPlus Fleet Dashcam. This is a plug-and-play dash camera equipped with an Al processor designed to identify driving incidents such as forward collisions and reckless driver actions, including using a phone while driving and distraction. Heavy construction companies can deploy the HCSS Dashcams in their fleet vehicles to safeguard drivers and avert accidents.

What Are the Emerging Segments in the Dashboard Camera Market?
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

Subsegments:
1) By 1-Channel: Front-Facing Cameras
2) By 2-Channel: Front and Rear Cameras
3) By 3-Channel: Front, Rear, and Interior Cameras
4) By Rear View: Integrated Rearview Mirror Cameras, Standalone Rear View Cameras

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Who Are the Global Leaders in the Dashboard Camera Market?
Major companies operating in the dashboard camera market include 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 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.

Which are the Top Profitable Regional Markets for the Dashboard Camera Industry?
North America was the largest region in the dashboard camera market in 2024. Europe was the second-largest market in the dashboard camera market. The regions covered in the dashboard camera market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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