According to Goldstein Research, “Dashboard cameras are gaining huge popularity among private and commercial vehicle owners due to its reliable 24/7 automotive surveillance feature. Dash cams are gaining immense popularity due to capturing incidents such as meteor crash in Chelyabinsk, crashing of TransAsia airways flight and many more. Numerous aviation accident captured by dashcams fuelled the demand for dashboard cameras across the globe in past few years.”
Global dashboard camera market is segmented on the basis of product type and by technology. Product type segment is further bifurcated into basic/elite dashboard camera and advance dashboard camera. Among these segments, basic/elite dashboard cameras is the dominating segment and held 65% revenue share of the total dashboard camera market in 2016. Rising automotive safety plans and regulations proposed by government which includes mandatory installation of dashboard cameras is expected to support the demand for basic dashboard camera during the forecast period. The advanced dashboard cameras market valued 0.64 billion in 2015 is anticipated to grow at a CAGR of 17% during the forecast period.
North America dashboard camera market valued USD 0.52 billion in 2016 and is projected to grow at CAGR of 14% during the forecast period. Mandatory regulations by the U.S. government regarding the installation of rearview camera in all new and lightweight vehicles are boosting the demand for dashboard cameras in the region.
Dashboard Cameras: Increases Driver’s Safety
Growing adoption rates for dashcams are expected to reduce the road accidents and outrageous incidents. Countries such as Russia, USA, Canada, Australia and the UK are the countries reported maximum number of deaths caused due to road accidents. Dashboard cameras not only help in recording the road incidents but also help in tracking and monitoring pedestrian activities and road conditions. Installations of dashcams have reduced the collision by 40% in past few years. Rising awareness among consumers about the benefits of dashboard cameras are anticipated to drive the global dashboard camera market growth during the forecast period.
“Global Dashboard Camera Market Outlook 2024” contains detailed overview of the global dashboard camera market in terms of market segmentation by product type and by technology.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global dashboard camera market also provides competitive outlook of some of the major players of global dashboard camera market which includes profiling of companies such as Cobra Electronics Corporation, PHILIPS, HP, Blackvue, Qihoo 360 Technology Co. Ltd., Vosonic Technology Corporation, Xiaomi, Huawei, PAPAGO, Lukashd, Thinkware, Pittasoft Co. Ltd., Garmin, Novatek, Mobius, Amcrest Technologies LLC, CNSLink Co. Ltd, Honeywell, Eken Group Ltd, ABEO Technology Co., Ltd., Panasonic Corporation, Fine Digital, Inc., Falcon Zero, ITronics Group, Shenzhen Zhixinsheng Electronic Co., Ltd., WatchGuard Video and Damark International Inc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global dashboard camera market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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