According to the latest report by IMARC Group “Dashboard Camera Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global dashboard camera market size reached US$ 3.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.6 Billion by 2027, exhibiting a growth rate (CAGR) of 13.62% during 2022-2027.
A dashboard camera or dashcam is a video camera attached to the windshield or dashboard of a vehicle. It is used to record the view around or inside the car through the windscreen. A dashboard camera is equipped with features like date and time, G-force, inbuilt GPS, and night recordings. It also uses computer vision and artificial intelligence (AI) that interprets video recordings by providing deeper insight into the driver’s behavior. The videos are stored in the cloud, and when linked to fleet management software, users can view the recordings of speeding, heavy braking, aggressive acceleration, and harsh cornering.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The global dashboard camera market is primarily driven by the increasing awareness regarding vehicular safety among individuals. A significant rise in number of car thefts and road accidents is also propelling the market growth. Furthermore, governments of various nations, such as the U.S., Russia, France, and Canada, are taking regulatory initiatives for the mandatory installation of dashboard camerasto to prevent insurance fraud, deliberate accidents, and false insurance claims. Moreover, the increasing penetration of the internet and high-end GPS tracking and the integration of innovative technologies, such as seamless wireless connectivity, collision avoidance systems, lane departure warning and blind-spot detection,are expected to provide positive outlook tothe market in the coming years.
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
Competitive Landscape with Key Player:
- 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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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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