DUBLIN--(BUSINESS WIRE)--The "Dashboard Camera Market Size, Share & Trends Analysis Report by Technology (Basic, Advanced, Smart), by Product, by Video Quality, by Application, by Distribution Channel, by Region, and Segment Forecasts, 2020 - 2027" report has been added to ResearchAndMarkets.com's offering.
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. 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 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 footage 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 an 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 footage to their smartphones using mobile applications.
- ABEO Company Co., LTD
- Amcrest Technologies
- CNSLink Co., Ltd.
- Cobra Electronics Corporation
- DOD Tec
- Falcon Zero
- Finedigital Inc.
- Garmin Ltd.
- DigiLife Technologies Co., Ltd. (Affirmed by HP Inc.)
- ITronics Group
- Panasonic Corporation
- Pittasoft Co., Ltd.
- Shenzhen Zhixinsheng Electronic Co., Ltd.
- Steelmate Co., Ltd.
- WatchGuard Video
Further key findings from the report suggest:
- 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 Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Industry Outlook
3.1 Market Size and Growth Prospects
3.2 Industry Value Chain Analysis
3.3 Market Dynamics
3.3.1 Market driver analysis
188.8.131.52 Rising number of road accidents and car thefts
184.108.40.206 Favorable initiatives pertaining to the usage of dashboard cameras
220.127.116.11 Benefits for vehicle owners and motorists
3.3.2 Market restraint/challenges analysis
18.104.22.168 Privacy concerns and regulations
3.4 Penetration & Growth Prospect Mapping
3.5 Porter's Five Forces Analysis
3.6 Key Company Ranking Analysis, 2019
3.7 PEST Analysis
Chapter 4 Technology Estimates and Trend Analysis
4.1 Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2027 (Thousand Units)
4.2 Technology Movement Analysis & Market Share, 2019 & 2027 (Thousand Units)
Chapter 5 Product Estimates and Trend Analysis
5.1 Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2027 (Thousand Units)
5.2 Product Movement Analysis & Market Share, 2019 & 2027 (Thousand Units)
5.5 Rear View
Chapter 6 Video Quality Estimates and Trend Analysis
6.1 Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2027 (Thousand Units)
6.2 Video Quality Movement Analysis & Market Share, 2019 & 2027 (Thousand Units)
6.3 Standard Definition & High Definition (SD & HD)
6.4 Full HD & 4K
Chapter 7 Application Estimates and Trend Analysis
7.1 Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2027 (Thousand Units)
7.2 Application Movement Analysis & Market Share, 2019 & 2027 (Thousand Units)
7.3 Commercial Vehicle
7.4 Personal Vehicle
Chapter 8 Distribution Channel Estimates and Trend Analysis
8.1 Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2027 (Thousand Units)
8.2 Distribution Channel Movement Analysis & Market Share, 2019 & 2027 (Thousand Units)
Chapter 9 Regional Estimates and Trend Analysis
9.1 Regional Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2027 (Thousand Units)
9.2 Regional Movement Analysis & Market Share, 2019 & 2027 (Thousand Units)
9.3 North America
9.5 Asia Pacific
9.6 Latin America
Chapter 10 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/tz5qtw