Dashboard Camera Market

Market Overview 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.

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:

• 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
   

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
   

Competitive Landscape:

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.

Report Coverage: