The Global Dashboard Camera Market Size Stood At USD 3.53 Billion In 2021. The Market Is Projected To Grow From USD 4.21 Billion In 2022 To USD 16.8 Billion By 2030, Exhibiting A CAGR Of 21.8% During The Forecast Period. Global Dashboard Camera Market Reports give a Key study on the industry status of the Dashboard Camera Industry Manufacturer with the specific statistics, meaning, definition, SWOT Analysis, expert opinion, and recent development across the globe. The research report also covers the Market Size, Price, Sales, Revenue, Market share, Gross Margin, growth rate, and cost structure. The report aims to give an additional sample of the latest scenario, economic slowdown, and Covid-19 impact on overall Industry.
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The COVID-19 pandemic has been shocking and has never happened before. When compared to levels before the pandemic, demand for dashboard cameras has been higher than expected in every area. Our research shows that the global market grew by 12.8% from 2019 to 2020.
A dashboard camera, also called a dashcam, is an onboard camera that is attached to the front windscreen and sometimes the back windows of a vehicle and records the view continuously. A dashcam is very helpful in case of an accident. The camera is in a good place to see the whole road ahead, so there is proof that there was an accident in front of the driver or that he or she was involved. For instance, police in the UK now accept footage from dashcams as proof. So, they can be used to stop accidents from happening again by telling police about careless or dangerous drivers.
One way a dashcam can save car owners money is by making their insurance rates go down. If your car has a dashboard camera, some insurance companies will even give you a discount. Some insurance companies, like Aviva, AXA, and Swiftcover, will give customers a free dashcam if they can show that they already have one in their car. Aviva’s car camera, which gives the customer a score after every trip, also uses the same technology. When drivers drive safely and responsibly, their scores go up and their premiums go down.
Competitive Landscape and Global Market Share Analysis:
Koninklijke Philips N.V. (Netherlands), Valeo SA (France), Aptiv (Ireland), Honeywell International Inc. (U.S.), Panasonic Corporation (Japan), LG Innotek (South Korea), Xiaomi (China), Garmin Ltd. (U.S.), DOD Tec (Canada), Waylens, Inc. (U.S.), ABEO Company Co., Ltd (Taiwan), Pittasoft Co. Ltd. (South Korea), PAPAGO Inc. (U.S.), Steelmate Automotive (U.K.), Qihoo 360 Technology Co. Ltd. (China), Others
Market Segmentation:
By Technology Type:
- Basic
- Advanced
- Smart
- Others
By Channel Type:
- Single-Channel
- Dual-Channel
- Others
By Vehicle Type:
- Passenger Cars
- Commercial Vehicles
- Other
The report on the Dashboard Camera market covers the following region (country) analysis:
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
Regional Insights:
In 2021, Europe’s market was worth $1.76 billion USD. People in Russia were the first to use dashcams. Then the idea spread to the U.K. and Germany. Europe has the most of the market. Dash cams are required in Russia because people were afraid of rude drivers, insurance fraud, and accidents that weren’t properly looked into because they didn’t have the right technology.
In 2021, North America had the second-largest market in the world. The growth is because police officers in the U.S. are using dashcams to get more proof of crimes. Most people in this area who buy dashcams are people who drive for rideshare companies. Even though these cameras are not required, U.S. lawmakers are trying to make them so. During the time period predicted, this will make more people want to buy market in the area.
During that time period, the Asia-Pacific market is likely to grow the most. The APAC market is driven by the increasing use of new technologies like ABS, ADAS, vehicle telematics, and dashcams. Also, positive steps from emerging economies like China, India, and Malaysia lead to more people buying dashcams, which helps the market grow in the long run. For example, in 2019, Siti Zaharah Ishak, the director-general of the Malaysian Institute of Road Safety Research (MIROS), praised the growing number of cars with dashcams and asked other drivers to do the same. There are also businesses trying to get into the APAC market. For example, NextBase, one of the biggest dashboard camera makers in Europe, is about to bring all of its dashboard camera products to the Australian market.
The rest of the world is made up of the Gulf, South America, and Africa. In the Middle East, the market is growing because more people are buying scooters and more money is being spent on rider safety. Arab News reported in May 2022 that Ahmed Eid Al-Attawi, who owns a Dashcams store in Jeddah, has been selling dashboard cameras to people who are worried about theft and vandalism. But people have started to worry about accidents as well. People want dashcams because they want proof of how they drive and don’t want to be wrongly accused of speeding or being in an accident. Because of these things, dashcams sell well in the area.
Following are the major TOC of the Dashboard Camera Market:
Chapter 1: Dashboard Camera Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Global Dashboard Camera Market Competition by Manufacturers
Chapter 4: Global Production, Profits (Value) by Region
Chapter 5: Global Supply (Production), Import, Export, Consumption, by Regions
Chapter 6: Global Price Trend by Type, Revenue (Value), Production
Chapter 7: Manufacturing Cost Analysis
Chapter 8: Global Market Analysis by Application
Chapter 9: Industrial Chain and Downstream Buyers, Sourcing Strategy
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Global Dashboard Camera Market Forecast
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Key Reasons to Purchase Dashboard Camera Market report:
The report provides a thorough examination of the manufacturing methods, as well as ideas to reduce development risk, major market growth challenges and strategic inputs to overcome the market threats.
In-depth market analysis and an overview of the global Dashboard Camera Market trend and commercial landscape are included in the report. In addition, the report discusses the effect of COVID-19 on the market.
Reader can acquire a better interpretation of the Dashboard Camera Market forecast’s future view and opportunities from the report.
The report contains an analysis of recent developments as well as profiles of important market leaders and key players.
To gain an understanding of the market strategies by the leading market players in the Dashboard Camera
The report analyses the most important driving and restraining factors in the industry, as well as their impact on global market growth.
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