The global dashboard camera market size is expected to reach around USD 7.5 billion by 2027, exhibiting a 12.9% CAGR during the forecast period, according to a new report by Grand View Research, Inc. As per research findings, an estimated 36.1 million dashboard cameras were sold in 2019. Implementation of several favorable government regulations to boost the adoption of dashboard cameras, coupled with the increasing awareness among the population worldwide regarding vehicular safety, is driving the global market.
There
has been an increasing awareness regarding the benefits of dashboard cameras
among the motorists worldwide due to frequent news videotapes of road crashes
and accidents captured by the dashboard cameras. Moreover, the use of dashcams
is being encouraged by the governments in several European countries such as
U.K., France, and Italy, to record footages for surveillance purposes that can
be later used as evidence in the legal proceedings.
The
use of dashcams is increasing in the trucking industry; as increasing number of
drivers and fleet owners are installing dashcams to harness the numerous
benefits they offer. With easy installation and improved technology, dashboard
cameras have now enabled the commercial fleet companies to safeguard their
vehicles. Enhancement of driver coaching programs, the ability to see what
happens during a critical incident, and improvements in overall fleet safety
are some of the prime motivators for the rising installation of dashboard
cameras.
The
prominent industry participants have started developing innovative car Digital
Video Recorders (DVRs) with sophisticated safety features, such as blind-spot
detection, collision avoidance systems, voice reminders, and lane departure
warning systems, to encourage their adoption among individual as well as commercial
vehicle drivers and owners. Some manufacturers have also started providing
Wi-Fi enabled dashboard cameras, wherein users can transfer footages to their
smartphones using mobile applications.
For Full Research Report On Dashboard Camera Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/dashboard-camera-market
Dashboard Camera
Market Report Highlights
- Europe and North America are
characterized by the rapid adoption of Full HD and 4K dashboard cameras.
The growing replacement of SD and HD dashboard cameras with its advanced
counterparts is expected to drive the adoption of high-resolution
dashboard cameras over the forecast period
- Commercial
fleet operators are increasingly adopting rearview dashcams to seek
additional protection in the event of an accident and against cases of employee
fraud
- The personal vehicle segment
is expected to account for approximately 65% of the overall market share
in 2019 and is projected to emerge as the fastest-growing segment over the
forecast period
- Asia is anticipated to
emerge as the global manufacturing hub for dashboard cameras. Cheap labor,
and concentrated presence of dashcam manufacturers and their facilities in
the Asian countries, such as China and Taiwan, are expected to offer
numerous opportunities for the global manufacturers to relocate their
supply chains in the region
- Key Players include in the
dashboard camera market are ABEO Technology; Garmin Ltd.; Pittasoft Co.
Ltd.; Falcon Zero LLC, Panasonic Corporation; Cobra Electronics Co., and DOD
Tech
Request a Sample Copy of the Report @
https://www.grandviewresearch.com/industry-analysis/dashboard-camera-market/request/rs1
Dashboard Camera
Market Segmentation
Grand View Research has segmented
the global dashboard camera market by technology, product, video quality,
application, distribution channel, and region:
Dashboard Camera
Technology Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2027)
- Basic
- Advanced
- Smart
Dashboard Camera
Product Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2027)
- 1-Channel
- 2-Channel
- Rear View
Dashboard Camera
Video Quality Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 -
2027)
- SD & HD
- Full HD & 4K
Dashboard Camera
Application Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2027)
- Commercial Vehicle
- Personal Vehicle
Dashboard Camera
Distribution Channel Outlook (Volume, Thousand Units; Revenue, USD Million,
2016 - 2027)
- Online
- In-Store
Dashboard Camera
Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2027)
- North America
- U.S.
- Canada
- Europe
- Germany
- Italy
- U.K.
- France
- Spain
- Asia Pacific
- China
- India
- Malaysia
- Taiwan
- Singapore
- Latin America
- Brazil
- Mexico
- Middle East & Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
No comments:
Post a Comment