USD 2.26 billion
Report ID:
SQMIG45I2222 |
Region:
Global |
Published Date: December, 2024
Pages:
207
|Tables:
0
|Figures:
0
Automotive Dashboard Camera Market size was valued at USD 13.25 Billion in 2023 and is poised to grow from USD 17.79 Billion in 2024 to USD 140.09 Billion by 2032, growing at a CAGR of 34.28% during the forecast period (2025-2032).
The automotive dashboard camera market is growing at a tremendous rate due to the presence of several highly relevant factors. One major trend that describes the increasing usage of multi-channel cameras that provide all-around sight, both from front, back, and even sides due to its recording ability, should help reduce accidents as drivers become more cognizant about their surroundings. Insurance companies are offering lower rates on automobiles with dash cams installed on them, and such encouragement helps owners get dash cams. Safety issues are the number one reason for customers to purchase dash cams; even a small driving mistake can cause catastrophic tragedies. Dashboard cameras minimize the possibility of accidents by enhancing panoramic view while driving and by providing clear evidence in case of an accident. Customers are becoming increasingly willing to invest in high-tech security systems that make their roads safer with increasing concern over safety issues. Cutting-edge technologies such as GPS tracking, night vision, and driver assistance make dash cams much more attractive. All of them, at the end of the day, contribute toward awareness about the importance of car safety that fosters growth of the market and makes dash cams an indispensable complement for modern automobiles.
Global Market Size
USD 2.26 billion
Largest Segment
Single channel
Fastest Growth
Multi-Channel
Growth Rate
9.6% CAGR
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Global Automotive Dashboard Camera Market is segmented by technology, product type, video quality, application, distribution channel and region. Based on technology, the market is segmented into basic, advanced and smart. Based on product type, the market is segmented into 1-channel, 2-channel and rear view. Based on video quality, the market is segmented into SD & HD and full HD & 4K. Based on application, the market is segmented into personal car and commercial vehicle. Based on Sales type, the market is segmented into OEM, Aftermarket. Based on distribution channel, the market is segmented into online and offline. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Type
Single channel automotive dashboard cameras now have a high market share because of their low prices and ease of usage. The gadget is preferred by many customers who can afford it, especially the budget-conscious ones, as they mainly record everything in front of the car. Easy installation and usage make most people pick up this camera product even for those not so savvy with technology. In addition, the single-channel cameras can offer sufficient protection for the requirements of normal driving because of the G-sensor technology and loop recording features. The single-channel camera accounts for a good share in the market because it is an affordable product accessible to many customers.
The automotive dashboard camera market is growing at the fastest pace in the category of Multi-Channel Cameras, which is largely driven by a growing consumer awareness on traffic safety and the requirement for all-inclusive monitoring systems. As against single-channel cameras, multi-channel systems capture images from the front, rear, and side views, thereby providing a clear view and security at multiple angles. Other features, such as ADAS, night vision, and GPS tracking, make the cameras very appealing to customers wanting to improve the driving experience and prevent accidents. The tie of such advanced technologies with the trend associated with connected cars pushes up the use of multiple-camera channels among those drivers who consider safety, even paying more for its enhanced security.
Analysis by Application
Currently, the passenger vehicle segment is having a hold on the automotive dashboard camera market for automobiles. With such huge amounts of private automobiles on roads and the growing awareness in the minds of drivers towards security and safety, this market is a substantial share of revenues. Dash cams are gathering immense popularity in passenger cars as there are ever-increasing numbers of people who are putting more emphasis on both their safety and that of their vehicle. The popularity of the safety features, their low cost, and the need for comfort by the driver supports the passenger car segment as a market leader.
The fastest-growing category in the automotive dashboard camera industry is commercial vehicles. Usage of dash cams from this industry is spurred on by a growing demand for insurance cost savings, driver responsibility, and fleet management. Companies are realizing how imperative it is to use multi-channel cameras to oversee driver behavior, and safety while protecting against false claims. Advanced dash cams are increasingly being adopted in commercial vehicles as the fleet safety standards continue getting tougher, and for businesses looking to improve the operational efficiency scale. Also, the integration of telematics and GPS tracking technologies contributes to the growth of this market as firms increasingly use these technologies in promoting general efficiency and safety.
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North America is currently leading the automotive dashboard camera market. A number of factors that contribute to such extensive use of dash cams can be counted as added causes. These are; increased awareness of safety on roads, a larger number of cars in countries and places, and a lot of insurance packages that come with special incentives for the use of dash cams. With the increasing accident and fraud insurance rates, and rises in accident occurrences and the regulatory environment, people and organizations are investing money in dashboard camera technology. For this reason, the dominance of the North American market is guaranteed by the existence of established markets and focus on innovation and technical advances.
In Asia-Pacific, sales of dashboard cameras will continue to lead the market, which is increasing at the highest rate. Rising car ownership rates, a thriving auto sector, and increasing emphasis on safety features from customers explain this rapid expansion. Growing middle classes prepared to spend money on car safety equipment are appearing in countries such as China, India, and Japan, where they are experiencing notable technological breakthroughs. In addition, thanks to the rapid growth in e-commerce sites, dash cams are more and more easily accessible to consumers within this region. In the Asia-Pacific region, the dashboard camera market will expand sizably as new solutions customized for local markets are launched and awareness of road safety continues to rise.
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Automotive Dashboard Camera Market Drivers
Increased Safety Awareness
Insurance Incentives
Automotive Dashboard Camera Market Restraints
High Initial Prices for More Complex Systems
Legal and Privacy Issues
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The automotive dashboard camera market is rather diversified with many big names and emerging startups. Some of the key players in the market who are offering cutting-edge features and superior quality products are Garmin, Nextbase, and BlackVue. There is intense competition between them, which creates technological innovations in terms of better connectivity, integration of ADAS, and video resolution. Companies increase their spending on R&D with the change in customer preferences so that they can differentiate their products and attain increased market shares.
Top Player’s Company Profile
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growth in the automotive dashboard camera market would be substantial with rising insurance premiums, technological advancements, and increasing safety consciousness. Right now, markets are dominated by very cheap cameras, so the trend is more towards sophisticated systems as demand increases for multi-channel versions and premium variations. However, other constraints include very high start-up costs and the problem of high privacy-related regulatory issues that could cause growth hindrances in regions. Manufacturers must continuously innovate and come up with new ideas to meet the changing requirements of customers, and industrial trends such as those related to integration of advanced driver assistance systems and the increased number of connected cars have been gaining pace. And thus, the industry holds enormous potential for growth, innovation, and a safer road environment.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 13.25 Billion |
Market size value in 2032 | USD 140.09 Billion |
Growth Rate | 34.28% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Automotive Dashboard Camera Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Dashboard Camera Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Dashboard Camera Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Dashboard Camera Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45I2222
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