IMARC Group, a leading market research company, has recently released a report titled “Dashboard Camera Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global dashboard camera market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What Are The Growth Prospects Of The Dashboard Camera Industry?
According to the report, 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.
What is Dashboard Camera?
A dashboard camera, also known as a dashcam, is a portable onboard camera specifically designed to be attached to the windshield of a vehicle. It enables the recording of a vehicle’s interior and exterior surroundings and is commonly used to record collisions, road accidents, and mishaps. Some commonly available dashboard cameras include front-facing, rear, interior, triple-lens, and miniature dashboard cameras. It usually comes with features such as date and time stamps, inbuilt GPS, and night recording capabilities. As a result, dashboard camera finds extensive applications in reducing road rage, reporting dangerous driving and harassment, and monitoring inexperienced drivers across the globe.
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What are the growth prospects and trends in the Dashboard Camera industry?
The global dashboard camera market is primarily driven by the increasing awareness among people regarding vehicular safety. Moreover, the rising use of dashboard cameras and advanced driver assistance systems (ADAS) by drivers of automobiles and two-wheelers to enhance on-road security and record incidents of thefts, collisions, and vandalism is positively influencing the market growth. Additionally, the integration of innovative technologies, such as wireless connectivity, lane departure warning, blind-spot detection, and collision avoidance systems, has catalyzed market growth. Furthermore, numerous insurance providers are encouraging the use of dashboard cameras that help settle claims faster and reduce premiums, which in turn is contributing to market growth. Other factors, including rapid growth in the automotive industry, favorable government policies, and inflating consumer disposable incomes, are also anticipated to drive the market further.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Technology:
Breakup by Product:
- 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
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
Who are the key players operating in the industry?
The report covers the major market players including:
- 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.
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