Dashboard Camera Market Size to Surpass US$ 7.5 Billion at a CAGR of 13.57% by 2028
IMARC Group has recently released a new research study titled “Dashboard Camera Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global dashboard camera market size reached US$ 3.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.5 Billion by 2028, exhibiting a growth rate (CAGR) of 13.57% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
A dashboard camera, or dashcam, refers to a specialized portable onboard camera that is attached to the interior of an automobile windscreen. It is used to record collisions, road accidents, mishaps, etc. Some of the commonly available product variants include front-facing, rear, interior, triple-lens, and miniature dashboard cameras. They are equipped with date and time, an inbuilt global positioning system (GPS), night recording functionalities, etc. These cameras are highly beneficial in minimizing road rage, reporting reckless driving and harassment, monitoring young and inexperienced drivers, etc.
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Dashboard Camera Market Trends and Drivers:
The expanding automotive sector across countries is primarily augmenting the dashboard camera market. Furthermore, the increasing consumer awareness towards vehicular safety is positively influencing the global market. Apart from this, the widespread adoption of dashcams and advanced driver assistance systems (ADAS) by two-wheeler and automobile drivers to take control of on-road security and record incidents of collisions, thefts, vandalism, etc., is acting as another significant growth-inducing factor. Moreover, these systems analyze the distance and speed of the vehicle in front and provide notification alerts to drivers, which is also bolstering the market growth. Besides this, the growing integration of innovative technologies, including seamless wireless connectivity, lane departure warning, blind-spot detection, collision avoidance systems, etc., is further catalyzing the global market. Additionally, various insurance providers are using recordings to settle claims faster, thereby stimulating the market growth. In line with this, the rising expenditure capacities of consumers and the launch of favorable policies by government bodies are expected to fuel the dashboard camera market in the coming years.
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Dashboard Camera Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- ABEO Technology CO. Ltd
- Aiptek International GmbH
- Amcrest Technologies Llc
- CNSLink Ltd.
- Cobra Electronics Corporation (Cedar Electronics Corporation)
- DigiLife Technologies Co. Ltd. (KYE Systems Corp.)
- DOD Technologies Inc
- Garmin Ltd.
- LG Electronics Inc.
- Panasonic Corporation
- Pittasoft Co. Ltd.
- Steelmate Co. Ltd.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Technology:
- Basic
- Advanced
- Smart
Breakup by Product:
- 1-Channel
- 2-Channel
- Rear View
Breakup by Video Quality:
- SD and HD
- Full HD and 4K
Breakup by Application:
- Commercial Vehicle
- Personal Vehicle
Breakup by Distribution Channel:
- Online Stores
- In-store
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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