USD 3.38 billion
Dash Board Camera Market Size, Share, Growth Analysis, By Technology(Basic, Advanced, Smart), By Product(Single-channel, Dual-channel, Rear-view), By Region - Industry Forecast 2024-2031
Report ID:
SQSG25A2001 |
Region:
Global |
Published Date: April, 2024
Pages:
165
|Tables:
63
|Figures:
75
Dash Board Camera Market Insights
Global Dash Board Camera Market size was valued at USD 3.38 billion in 2019 and is poised to grow from USD 3.7 billion in 2023 to USD 7.6 billion by 2031, growing at a CAGR of 9.5% in the forecast period (2024-2031).
Digital video recorders (DVRs) or dashboard cameras (dash cameras or in-car cameras) are specialized portable onboard cameras that are connected to the interior of a vehicle's windscreen. Single-channel and dual-channel dash cameras are the two types of dashboard cameras. There are a variety of dashboard cameras available in the market, with features ranging from simple video records to cameras with date and time, G-forces, inbuilt GPS, and night recording.
The demand for dash cameras has grown dramatically over the years as a result of factors such as a rise in the frequency of traffic accidents and car thefts. These cameras can also help to avoid insurance fraud (including deliberately causing accidents to make false insurance claims). Furthermore, legislative reforms mandating the usage of dash cams in cars, as well as advantageous policies by car insurance companies offering discounts to vehicles equipped with dashboard cameras, are propelling the growth of this market.
US Dash Board Camera Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Basic
Fastest Growth
Basic
Growth Rate
9.5% CAGR
Global Dash Board Camera Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Dash Board Camera Market Segmental Analysis
The Global Bash Board Camera Market is segmented on the basis of Technology, Product, and Region. Based on Technology, the Dash Board Camera Market is segmented into Basic, Advanced, and Smart. Based on Product, the market is segmented into Single-Channel, Dual-Channel, and Rear-View. Based on Region, the global dash board camera market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Dash Board Camera Market Analysis by Technology
The basic dashboard camera segment was the most prevalent in 2021, accounting for more than 60% of the market. This segment's growth is expected to be aided by the ease of installation and low cost of these devices. By 2028, basic dashboard cams are estimated to sell more than 81.0 million units. From 2022 to 2028, the smart dashboard camera market is predicted to grow at the fastest rate, with a CAGR of over 16%. Over the projection period, the increasing demand for advanced driver assistance capabilities such as blind-spot detection, lane departure warning systems, and collision avoidance systems is likely to generate a substantial potential for segment growth. Some of the market's most prominent players are working on the development and commercialization of feature-rich dashboard cameras. The ability to combine these dashcams with various supplementary technologies such as vehicle data monitoring and telematics is the primary feature given by these dashcams.
Global Dash Board Camera Market By Technology, 2021 (%)
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Dash Board Camera Market Regional Insights
Europe had the largest Dash Board Camera Market share of more than 30% in 2021. Despite the fact that the region accounts for a major portion of worldwide demand for dashcams, many governments in the region have outright banned them. Due to high rates of accidents, major police corruption, unsafe road conditions, low cost, and the simple availability of technology, most people in nations like Russia install dashboard cameras in their personal automobiles. In nations such as Austria, Luxembourg, and Portugal, however, the use of recording devices or dashboard cameras is strictly prohibited, and violators may face severe penalties.
Asia Pacific is predicted to develop at the fastest rate in terms of volume, with a CAGR of more than 17% from 2022 to 2028. The region's demand for dashboard cameras is expected to rise over the forecast period as a result of favorable government efforts, consumer-centric marketing techniques, and growth in the number of on-road cars. Dashboard cameras are gradually being recognized as beneficial by many government entities and individual drivers. Dashboard cameras are expected to grow in popularity in the region over the forecast period because they provide invaluable evidence that can protect the user financially and legally.
Global Dash Board Camera Market By Geography, 2021-2028
- Largest
- Fastest
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Dash Board Camera Market Dynamics
Dash Board Camera Market Driver
- The demand for dash cameras has grown dramatically over the years as a result of reasons such as a rise in the frequency of traffic accidents and car thefts. These cameras can also help to avoid insurance fraud (including deliberately causing accidents to make false insurance claims). Furthermore, legislative reforms mandating the usage of dash cams in cars, as well as advantageous policies by car insurance companies offering discounts to vehicles equipped with dashboard cameras, are propelling the growth of this market.
Dash Board Camera Market Restraint
- The legalization of dash cameras is a matter of concern in some nations, such as Austria and Luxembourg, where the usage of dash cams is a punishable offense. Countries such as Germany, Belgium, Portugal, Norway, and France have laws that limit the use of dash cam videos to private use only.
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Dash Board Camera Market Competitive Landscape
The dashboard camera market is consolidated and highly competitive, with the existence of numerous small and major firms operating in both domestic and international markets. The industry's top players are embracing strategic collaboration initiatives to improve Dash Board Camera Market share and profitability. Some of the major players in the Dash Board Camera Market are Panasonic Corporation, Garmin Ltd, Harman International Industries Inc., and HP Development Company LP, among others.
Dash Board Camera Market Top Player’s Company Profiles
- ABEO Company Co. Ltd. (Taiwan)
- Garmin
- Panasonic Corporation
- Sony Corporation
- HP Inc.
- LG Electronics Inc.
- Koninklijke Philips N.V.
- Transcend Information, Inc.
- Cobra Electronics Corporation
- Xiaomi Corporation
- Qrontech Co. Ltd.
- Thinkware Corporation
- Papago Inc.
- Fine Digital Inc.
- DOD Tech Co. Ltd.
- Aiptek International Inc.
- Papago Inc.
- Lukas Systems LLC
- Blackvue
- Vicovation Inc.
Dash Board Camera Market Recent Developments
- In May 2022, Hero Electronix launched the Qubo Smart Dash Cam in India. The webcam has a 6-axis G-sensor that can detect a sudden tremor or impact and record it in the event file. This event file can be accessed using the Qubo App on the user's phone. This is the first product from Qubo in the Auto Tech category.
- In January 2022, Nextbase announced its next-generation iQ series of smart dash cams at CES 2022. The new iQ models boost safety and security with the addition of 4G LTE connectivity.
- In March 2021, Garmin LTD introduced its first dual-camera dashcam. With its unusually broad 180-degree angle, this lens, also known as a 'cabin view camera' on the Nextbase series two dashcams, allows users to capture what's going on inside the automobile.
Dash Board Camera Key Market Trends
- Dual-channel dashboard cameras are becoming more popular than single-channel dashboard cameras. These cameras are becoming increasingly popular among owners of both private and business vehicles. Dual-channel dashcam systems include two cameras with high-resolution feeds for recording front and back video. Furthermore, the introduction of innovative technological applications by enterprises is propelling the Dash Board Camera Market growth. Thinkware, for instance, released the dual-channel Dash Cam F800 Pro, which has more functions than the F800 model. The updated dashcam has improvements such as improved power management for hard-wired installations and a new color design while maintaining the best-in-the-business night capture.
- Driving assistance systems have grown in popularity as a result of the dramatic increase in the number of recorded accidental fatalities over the last decade. As these systems have evolved as viable products in the automotive business, there is a growing demand for better support systems that can categorically judge imminent threats and guide drivers. Currently, driver assistance systems are primarily used in the luxury car category. Many connected car vendors are developing driving assistance technology, which is projected to be commercialized over the projection period.
Dash Board Camera Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the dashcams market is classified into two categories based on distribution channels: online and in-store. The in-store sector accounted for more than 62% of total revenue in 2021 and is likely to continue its dominance during the forecast period. A retail store provides customers a demonstration of the equipment, allowing them to sample and test it before making a purchase. Furthermore, clients can own the item right away, as opposed to the online ordering option, which normally takes a few days to arrive.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3.38 billion |
| Market size value in 2031 | USD 7.6 billion |
| Growth Rate | 9.5% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Dash Board Camera Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Dash Board Camera Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Dash Board 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 Dash Board 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Dash Board Camera Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Dash Board 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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