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.
A dashboard camera, or dashcam, is a specialized portable onboard camera that is attached to the interior of an automobile’s windscreen. It is used for recording the interior and surroundings of the vehicle to record collisions, road accidents and mishaps. Some of the commonly available variants include front-facing, rear, interior, triple-lens and miniature dashboard cameras. They are equipped with date and time, inbuilt global positioning system (GPS) and night recording functionalities. The dashcams are highly beneficial in minimizing road rage, reporting reckless driving and harassment and monitoring young and inexperienced drivers.
Dashboard Camera Market Trends:
Significant growth in the automotive industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, increasing awareness regarding vehicular safety among the masses is providing a thrust to the market growth. Two-wheeler and automobile drivers are widely using dashboard cameras and Advanced Driver Assistance Systems (ADAS) to take control of on-road security and record incidents of collisions, thefts and vandalism. These systems also analyze the distance and speed of the vehicle in front and provide notification alerts to the driver. Additionally, various technological advancements, such as the integration of innovative technologies, such as seamless wireless connectivity, lane departure warning, blind-spot detection and collision avoidance systems, are acting as other growth-inducing factors. In line with this, several insurance providers are also encouraging the use of dashboard cameras and are using the recordings for settling claims fasters and charging lesser premiums. Other factors, including rising expenditure capacities of the consumers, along with the implementation of favorable government policies, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global dashboard camera market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on technology, product, video quality, application and distribution channel.
Breakup by Technology:
Breakup by Product:
Breakup by Video Quality:
SD and HD
Full HD and 4K
Breakup by Application:
Breakup by Distribution Channel:
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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. and Steelmate Co. Ltd.
Base Year of the Analysis
Technology, Product, Video Quality, Application, Distribution Channel, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
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. and Steelmate Co. Ltd.
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Key Questions Answered in This Report
The global dashboard camera market was valued at US$ 3.5 Billion in 2022.
We expect the global dashboard camera market to exhibit a CAGR of 13.57% during 2023-2028.
The rising consumer awareness towards vehicular safety, along with the increasing demand for dashboard cameras across the automotive industry, as they aid in minimizing road rage, reporting reckless driving and harassment, monitoring young and inexperienced drivers, etc., is primarily driving the global dashboard camera market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for dashboard cameras.
Based on the technology, the global dashboard camera market can be segmented into basic, advanced, and smart. Currently, basic holds the majority of the global market share.
Based on the product, the global dashboard camera market has been divided into 1-channel, 2-channel, and rear view. Among these, 1-channel currently exhibits a clear dominance in the market.
Based on the video quality, the global dashboard camera market can be categorized into SD and HD and full HD and 4K. Currently, SD and HD accounts for the majority of the total market share.
Based on the application, the global dashboard camera market has been segregated into commercial vehicle and personal vehicle, where personal vehicle currently exhibits a clear dominance in the market.
Based on the distribution channel, the global dashboard camera market can be bifurcated into online stores and in-store. Currently, in-store holds the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.
Some of the major players in the global dashboard camera market 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., and Steelmate Co. Ltd.
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