Dashboard Camera

Dashboard Camera

Global Dashboard Camera Market to Reach US$14.1 Billion by 2030

The global market for Dashboard Camera estimated at US$6.3 Billion in the year 2023, is expected to reach US$14.1 Billion by 2030, growing at a CAGR of 12.3% over the analysis period 2023-2030. Single-channel Dashboard Camera, one of the segments analyzed in the report, is expected to record a 10.3% CAGR and reach US$6.9 Billion by the end of the analysis period. Growth in the Dual-channel Dashboard Camera segment is estimated at 15.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.7 Billion While China is Forecast to Grow at 11.7% CAGR

The Dashboard Camera market in the U.S. is estimated at US$1.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2030 trailing a CAGR of 11.7% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 10.4% and 10.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.0% CAGR.

Global Dashboard Camera Market - Key Trends and Drivers Summarized

Why Are Dashboard Cameras Becoming a Must-Have in Vehicles?

Dashboard cameras, or dash cams, have become essential for many drivers, offering an unbiased record of events in real-time. These devices are mounted inside vehicles to record the road and interior activities, providing valuable footage that can be used for insurance claims, legal evidence, and to capture incidents like accidents or theft. The popularity of dash cams is particularly driven by their role in enhancing road safety, deterring fraudulent insurance claims, and providing peace of mind for vehicle owners.

What Challenges Are Involved in Integrating Dashboard Cameras?

Integrating dashboard cameras into vehicles presents challenges primarily related to data privacy and legal compliance. In some jurisdictions, the use of dash cams is regulated by strict privacy laws that dictate how and where recordings can be made and stored. There are also technical challenges associated with ensuring the cameras are reliable, have sufficient storage capacity, and can operate effectively under various lighting and weather conditions. Additionally, there is the need for continual technological updates to keep up with advancements in video technology, such as higher resolution recording and improved data compression.

How Are Advances in Technology Enhancing Dashboard Camera Capabilities?

Technological advances are significantly enhancing the capabilities of dashboard cameras. Modern dash cams offer high-definition video quality, wide-angle lenses, and night vision capabilities. Many are also equipped with advanced features such as GPS tracking, speed detection, and g-force sensors that can automatically save footage in the event of a collision. Connectivity features like Wi-Fi and Bluetooth allow for easy video transfer and remote viewing on smartphones or tablets. Additionally, the integration of artificial intelligence is enabling new functionalities like facial recognition and anomaly detection, further expanding the utility of dash cams.

What Drives the Growth in the Dashboard Camera Market?

The growth in the dashboard camera market is driven by several factors, including the increasing consumer demand for vehicle safety and security features, the rising prevalence of road accidents, and the need for effective monitoring solutions. The insurance industry`s growing acceptance of dash cam footage as reliable evidence for claims processing also plays a crucial role. Additionally, new car models are increasingly being equipped with built-in dash cams, reflecting the rising standardization of these devices. The ongoing advancements in camera technology, which enhance the quality and features of dash cams at decreasing costs, continue to make these devices an attractive option for consumers worldwide.

Select Competitors (Total 42 Featured) -

• ABEO Company Co., Ltd.
• Bulls-I Vehicle Drive Recorders
• DOD Tech
• Garmin International, Inc.
• Harman International Industries, Inc.
• Hewlett-Packard Development Company LP
• LG Corporation
• Panasonic Corporation
• PAPAGO, Inc.
• Pittasoft Co. Ltd- Blackvue
• Qrontech Co., Ltd.
• Steelmate

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