Dashboard Camera Market
Dashboard Camera Market Forecasts to 2028 - Global Analysis By Product Type (Single-channel, Dual-channel band and Rear-View), By Technology (Basic, Advanced and Smart), By Resolution (SD & HD and Full HD & 4K), By Application (Commercial Vehicle and Personal Vehicle) and Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $3.76 BN |
|
Projected Year Value (2028) |
US $7.24 BN |
|
CAGR (2022 - 2028) |
11.5% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Europe |
|
Highest Growing Market |
Asia-Pacific |
According to Stratistics MRC, the Global Dashboard Camera Market is accounted for $3.76 billion in 2022 and is expected to reach $7.24 billion by 2028 growing at a CAGR of 11.5% during the forecast period. Dashboard cameras are hardware devices that record a vehicle's front and rear views. A dashboard camera is essentially an onboard camera that is mounted on the vehicle's front windscreen and sometimes on the rear windows to record the view. This camera is used to protect the user from harm. The dashcam can easily be used to inspect the entire road ahead. Dashboard cameras are becoming increasingly popular among drivers all over the world. Many commercial and personal vehicle dashboards are incorporating this technology. It gives the driver control over the vehicle's security and allows for the recording of incidents such as collisions, theft, and vandalism. Dashboard camera footage is now accepted as evidence for proving liability and insurance claims. Insurance companies encourage the use of dashboard cameras by offering discounts on insurance premiums in order to combat false insurance claims.
According to the National Safety Council, distracted driving causes over 700 injuries each year. Furthermore, distracted driving is increasingly becoming a barrier to safe driving and the cause of crashes in the United States, where distracted driving is responsible for 70% of commercial fleet crashes. These statistics highlight the importance of measuring fleet driver safety and the importance of installing dashboard cameras in fleet vehicles, which drives market growth.
Market Dynamics:
Driver:
Increasing incidence of road accidents and car thefts
The global proportion of road traffic accidents and theft incidents is steadily increasing, fueling the popularity of dashboard cameras. When the car is involved in an incident or a high-stress event, dashcam footage provides a proper understanding of the accountability of crashes. This can also help lower insurance costs and expedite insurance claims. Another significant advantage of a dashboard camera is the ability to identify those responsible for parking accidents and thefts. These advantages increase demand, which increases revenue generation and fuels market growth.
Restraint:
Stringent Government Regulations
The stringent laws imposed against dashcams in certain countries are expected to impede global market growth. According to the Belgian Camera Act, for eg, regulating the installation and use of surveillance cameras in private places accessible to the public is subject to reporting. In certain European countries, such as Austria, Belgium, and Switzerland, the use of these cameras is illegal and considered a violation of privacy. Violators face severe penalties, negatively impacting market growth.
Opportunity:
Adoption of Artificial Intelligence
Dashboard cameras are no longer just ordinary cameras; they are constantly being improved as a protective companion for a safe journey. With the introduction of advanced technologies such as artificial intelligence and vehicle telematics, the dashcam application for both passenger and commercial vehicles has significantly improved. This market now has a wide range of possibilities owing to artificial intelligence. Search advanced cameras are expected to capture a larger share of the dashboard camera market in developing countries such as China, Brazil, and India. Such cameras have already been widely adopted in developed countries, particularly by high-end and luxury car owners and large fleet management companies.
Threat:
Cybersecurity Concerns and Regulations
The more our society uses technology to connect, the more cybersecurity concerns arise. Dashcams are frequently chastised by cybersecurity experts due to privacy concerns. Experts have previously identified numerous security flaws that could lead to user data breaches and cyber-attacks, which are hampering market growth. Although the companies resolve such issues proactively on occasion, we never know when this may cause a serious concern. For instance, the Atlanta Police Department's dashcam footage was compromised as a result of a ransomware attack. To create a safer driving experience, manufacturers must ensure the highest level of cybersecurity and data protection policies.
Covid-19 Impact
The automotive and transportation industries were among the most affected during the COVID-19 outbreak. COVID-19 had a significant impact on the automotive supply chain and product demand. The market has shifted its focus from China's supply chain disruption to the global slump in auto demand. The COVID-19 pandemic, which forced the temporary closure of most manufacturing facilities in China, Taiwan, and Japan, resulted in a severe shortage in Western countries. Due to the pandemic, the automotive industry was experiencing a severe economic crisis, with new orders for passenger cars and commercial vehicles declining significantly in the first two quarters of 2020. However, after October 2020, buyers' proclivity to invest in new technology electronic equipment, such as dashcams, increased in several developed countries, including the United States, Germany, and Japan.
The Personal Vehicles segment is expected to be the largest during the forecast period
During the forecast period, the Personal Vehicles segment is expected to gain the largest share due to the fact that demand for dashboard cameras in personal vehicles is increasing as a result of common laws and regulations on road safety in many economies around the world, as well as increased awareness of the benefits of dashcams. The significant potential of transportation authorities to encourage commercial and private vehicle owners to install in-vehicle cameras is expected to provide a powerful boost to demand for these cameras, particularly in countries where the use of these cameras is legal. Dashcam integration with various driver-assistance functionalities by vehicle manufacturers worldwide is likely to give them a significant competitive advantage in the market.
The Dual-channel segment is expected to have the highest CAGR during the forecast period
Because of their ability to record the front and inside of the vehicle, the dual-channel segment is expected to have the highest CAGR during the forecast period. The demand for dual-channel dashboard cameras is expected to rise. Key players are now focusing on improving the convenience and user-friendliness of car DVRs by including features such as night vision cameras, long-lasting batteries, and expandable storage capacity in their offerings. Commercial users of such cameras, such as trucking companies and taxi operators, prefer dual-channel variants over single-channel variants because the latter cannot be upgraded by adding an external secondary unit to capture interior footage of the vehicle.
Region with largest share:
Europe is expected to be the largest market for dashboard cameras during the forecast period, owing to rising consumer demand for dashboard cameras and the growing trend of using dashboard cameras for insurance proof. As most European countries have a high accident rate and dangerous road conditions, dashboard cameras are in high demand in this region.
Region with highest CAGR:
Because of the increasing encouragement and benefits for foreign businesses to enter the region, the Asia-Pacific market is expected to witness the highest CAGR during the forecast period. Furthermore, increased vehicle sales and traffic contribute to the region's growth. And, developing economies such as China and India have experienced rapid economic growth. The rising standard of living in these countries has increased the demand for innovative products and procedures, providing numerous opportunities for the key players in the market to grow.
Key players in the market
Some of the key players profiled in the Dashboard Camera Market include Honeywell International Inc, Xiaomi, Garmin Ltd., DOD Tec, PAPAGO Inc., Steelmate Automotive, Qihoo 360 Technology Co. Ltd., Panasonic Corporation, LG Innotek, Koninklijke Philips N.V.,m Valeo SA, Aptiv, Waylens, Inc., ABEO Company Co., Ltd and Pittasoft Co. Ltd.
Key Developments:
In June 2021, Garmin announced four new dashcams with cloud-connected storage (Dashcam Mini 2, 47, 57, and 67W); all feature remote monitoring of parked vehicles and free online video storage for up to 24 hours after an incident
In May 2020, Xiaomi released the Mi Smart Dashcam 2K. It can record videos at high resolution, up to 1600p, with the help of the camera’s OV OS05A10 back-illuminated image sensor. This sensor has an f/1.8 aperture. It is the second entry in the series from Xiaomi
In January 2020, Garmin International, Inc. announced the Garmin Dashcam Tandem. It is the first dual-lens dashcam that offers drivers complete video coverage of their surroundings with the support of two 180-degree field-of-view lenses that record in tandem day and night
In February 2019, Panasonic announced the latest addition to its portfolio of Public Safety Solutions: the AS-1 Camera, small enough to fit behind a vehicle’s rearview mirror and features that provide remarkably high-quality video evidence capture
Product Types Covered:
• Single-channel
• Dual-channel
• Rear-View
Technologies Covered:
• Basic
• Advanced
• Smart
Resolutions Covered:
• Standard Definition (SD) & High Definition (HD)
• Full HD & 4K
Applications Covered:
• Commercial Vehicle
• Personal Vehicle
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Technology Analysis
3.8 Application Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Dashboard Camera Market, By Product Type
5.1 Introduction
5.2 Single-channel
5.3 Dual-channel
5.4 Rear-View
6 Global Dashboard Camera Market, By Technology
6.1 Introduction
6.2 Basic
6.3 Advanced
6.4 Smart
7 Global Dashboard Camera Market Outlook, By Resolution
7.1 Introduction
7.2 Standard Definition (SD) & High Definition (HD)
7.3 Full HD & 4K
8 Global Dashboard Camera Market, By Application
8.1 Introduction
8.2 Commercial Vehicle
8.3 Personal Vehicle
9 Global Dashboard Camera Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Honeywell International Inc
11.2 Xiaomi
11.3 Garmin Ltd.
11.4 DOD Tec
11.5 PAPAGO Inc.
11.6 Steelmate Automotive
11.7 Qihoo 360 Technology Co. Ltd.
11.8 Panasonic Corporation
11.9 LG Innotek
11.10 Koninklijke Philips N.V.
11.11 Valeo SA
11.12 Aptiv
11.13 Waylens, Inc.
11.14 ABEO Company Co., Ltd
11.15 Pittasoft Co. Ltd.
List of Tables
1 Global Dashboard Camera Market Outlook, By Region (2020-2028) ($MN)
2 Global Dashboard Camera Market Outlook, By Product Type (2020-2028) ($MN)
3 Global Dashboard Camera Market Outlook, By Single-channel (2020-2028) ($MN)
4 Global Dashboard Camera Market Outlook, By Dual-channel (2020-2028) ($MN)
5 Global Dashboard Camera Market Outlook, By Rear-View (2020-2028) ($MN)
6 Global Dashboard Camera Market Outlook, By Technology (2020-2028) ($MN)
7 Global Dashboard Camera Market Outlook, By Basic (2020-2028) ($MN)
8 Global Dashboard Camera Market Outlook, By Advanced (2020-2028) ($MN)
9 Global Dashboard Camera Market Outlook, By Smart (2020-2028) ($MN)
10 Global Dashboard Camera Market Outlook, By Resolution (2020-2028) ($MN)
11 Global Dashboard Camera Market Outlook, By Standard Definition (SD) & High Definition (HD) (2020-2028) ($MN)
12 Global Dashboard Camera Market Outlook, By Full HD & 4K (2020-2028) ($MN)
13 Global Dashboard Camera Market Outlook, By Application (2020-2028) ($MN)
14 Global Dashboard Camera Market Outlook, By Commercial Vehicle (2020-2028) ($MN)
15 Global Dashboard Camera Market Outlook, By Personal Vehicle (2020-2028) ($MN)
16 North America Dashboard Camera Market Outlook, By Country (2020-2028) ($MN)
17 North America Dashboard Camera Market Outlook, By Product Type (2020-2028) ($MN)
18 North America Dashboard Camera Market Outlook, By Single-channel (2020-2028) ($MN)
19 North America Dashboard Camera Market Outlook, By Dual-channel (2020-2028) ($MN)
20 North America Dashboard Camera Market Outlook, By Rear-View (2020-2028) ($MN)
21 North America Dashboard Camera Market Outlook, By Technology (2020-2028) ($MN)
22 North America Dashboard Camera Market Outlook, By Basic (2020-2028) ($MN)
23 North America Dashboard Camera Market Outlook, By Advanced (2020-2028) ($MN)
24 North America Dashboard Camera Market Outlook, By Smart (2020-2028) ($MN)
25 North America Dashboard Camera Market Outlook, By Resolution (2020-2028) ($MN)
26 North America Dashboard Camera Market Outlook, By Standard Definition (SD) & High Definition (HD) (2020-2028) ($MN)
27 North America Dashboard Camera Market Outlook, By Full HD & 4K (2020-2028) ($MN)
28 North America Dashboard Camera Market Outlook, By Application (2020-2028) ($MN)
29 North America Dashboard Camera Market Outlook, By Commercial Vehicle (2020-2028) ($MN)
30 North America Dashboard Camera Market Outlook, By Personal Vehicle (2020-2028) ($MN)
31 Europe Dashboard Camera Market Outlook, By Country (2020-2028) ($MN)
32 Europe Dashboard Camera Market Outlook, By Product Type (2020-2028) ($MN)
33 Europe Dashboard Camera Market Outlook, By Single-channel (2020-2028) ($MN)
34 Europe Dashboard Camera Market Outlook, By Dual-channel (2020-2028) ($MN)
35 Europe Dashboard Camera Market Outlook, By Rear-View (2020-2028) ($MN)
36 Europe Dashboard Camera Market Outlook, By Technology (2020-2028) ($MN)
37 Europe Dashboard Camera Market Outlook, By Basic (2020-2028) ($MN)
38 Europe Dashboard Camera Market Outlook, By Advanced (2020-2028) ($MN)
39 Europe Dashboard Camera Market Outlook, By Smart (2020-2028) ($MN)
40 Europe Dashboard Camera Market Outlook, By Resolution (2020-2028) ($MN)
41 Europe Dashboard Camera Market Outlook, By Standard Definition (SD) & High Definition (HD) (2020-2028) ($MN)
42 Europe Dashboard Camera Market Outlook, By Full HD & 4K (2020-2028) ($MN)
43 Europe Dashboard Camera Market Outlook, By Application (2020-2028) ($MN)
44 Europe Dashboard Camera Market Outlook, By Commercial Vehicle (2020-2028) ($MN)
45 Europe Dashboard Camera Market Outlook, By Personal Vehicle (2020-2028) ($MN)
46 Asia Pacific Dashboard Camera Market Outlook, By Country (2020-2028) ($MN)
47 Asia Pacific Dashboard Camera Market Outlook, By Product Type (2020-2028) ($MN)
48 Asia Pacific Dashboard Camera Market Outlook, By Single-channel (2020-2028) ($MN)
49 Asia Pacific Dashboard Camera Market Outlook, By Dual-channel (2020-2028) ($MN)
50 Asia Pacific Dashboard Camera Market Outlook, By Rear-View (2020-2028) ($MN)
51 Asia Pacific Dashboard Camera Market Outlook, By Technology (2020-2028) ($MN)
52 Asia Pacific Dashboard Camera Market Outlook, By Basic (2020-2028) ($MN)
53 Asia Pacific Dashboard Camera Market Outlook, By Advanced (2020-2028) ($MN)
54 Asia Pacific Dashboard Camera Market Outlook, By Smart (2020-2028) ($MN)
55 Asia Pacific Dashboard Camera Market Outlook, By Resolution (2020-2028) ($MN)
56 Asia Pacific Dashboard Camera Market Outlook, By Standard Definition (SD) & High Definition (HD) (2020-2028) ($MN)
57 Asia Pacific Dashboard Camera Market Outlook, By Full HD & 4K (2020-2028) ($MN)
58 Asia Pacific Dashboard Camera Market Outlook, By Application (2020-2028) ($MN)
59 Asia Pacific Dashboard Camera Market Outlook, By Commercial Vehicle (2020-2028) ($MN)
60 Asia Pacific Dashboard Camera Market Outlook, By Personal Vehicle (2020-2028) ($MN)
61 South America Dashboard Camera Market Outlook, By Country (2020-2028) ($MN)
62 South America Dashboard Camera Market Outlook, By Product Type (2020-2028) ($MN)
63 South America Dashboard Camera Market Outlook, By Single-channel (2020-2028) ($MN)
64 South America Dashboard Camera Market Outlook, By Dual-channel (2020-2028) ($MN)
65 South America Dashboard Camera Market Outlook, By Rear-View (2020-2028) ($MN)
66 South America Dashboard Camera Market Outlook, By Technology (2020-2028) ($MN)
67 South America Dashboard Camera Market Outlook, By Basic (2020-2028) ($MN)
68 South America Dashboard Camera Market Outlook, By Advanced (2020-2028) ($MN)
69 South America Dashboard Camera Market Outlook, By Smart (2020-2028) ($MN)
70 South America Dashboard Camera Market Outlook, By Resolution (2020-2028) ($MN)
71 South America Dashboard Camera Market Outlook, By Standard Definition (SD) & High Definition (HD) (2020-2028) ($MN)
72 South America Dashboard Camera Market Outlook, By Full HD & 4K (2020-2028) ($MN)
73 South America Dashboard Camera Market Outlook, By Application (2020-2028) ($MN)
74 South America Dashboard Camera Market Outlook, By Commercial Vehicle (2020-2028) ($MN)
75 South America Dashboard Camera Market Outlook, By Personal Vehicle (2020-2028) ($MN)
76 Middle East & Africa Dashboard Camera Market Outlook, By Country (2020-2028) ($MN)
77 Middle East & Africa Dashboard Camera Market Outlook, By Product Type (2020-2028) ($MN)
78 Middle East & Africa Dashboard Camera Market Outlook, By Single-channel (2020-2028) ($MN)
79 Middle East & Africa Dashboard Camera Market Outlook, By Dual-channel (2020-2028) ($MN)
80 Middle East & Africa Dashboard Camera Market Outlook, By Rear-View (2020-2028) ($MN)
81 Middle East & Africa Dashboard Camera Market Outlook, By Technology (2020-2028) ($MN)
82 Middle East & Africa Dashboard Camera Market Outlook, By Basic (2020-2028) ($MN)
83 Middle East & Africa Dashboard Camera Market Outlook, By Advanced (2020-2028) ($MN)
84 Middle East & Africa Dashboard Camera Market Outlook, By Smart (2020-2028) ($MN)
85 Middle East & Africa Dashboard Camera Market Outlook, By Resolution (2020-2028) ($MN)
86 Middle East & Africa Dashboard Camera Market Outlook, By Standard Definition (SD) & High Definition (HD) (2020-2028) ($MN)
87 Middle East & Africa Dashboard Camera Market Outlook, By Full HD & 4K (2020-2028) ($MN)
88 Middle East & Africa Dashboard Camera Market Outlook, By Application (2020-2028) ($MN)
89 Middle East & Africa Dashboard Camera Market Outlook, By Commercial Vehicle (2020-2028) ($MN)
90 Middle East & Africa Dashboard Camera Market Outlook, By Personal Vehicle (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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