Dashboard Camera Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020-2025

 Overview

Dashboard Camera market size is forecast to reach $6.5 billion by 2025, at a CAGR of 15.20% during 2020-2025. Increased number of road accidents and thefts for the past few years are major factors that propel market growth. In 2018, according to the report given by the Federal Bureau of Investigation (FBI), about 748,841 vehicles were stolen in the U.S. alone. In addition mandatory regulations made by governments of different countries to install dashcam drive the market. In 2019, according to the U.S. Federal government, it is mandatory to install onboard cameras in new cars. In addition to this several insurance companies are contributing to the increase in dashboard camera sales by offering discounts on car insurance as it can reduce insurance frauds or claims by using these cameras as event data recorders. All these regulations will positively affect the dashboard camera market in the forecast period.

Request Sample

Report Coverage

The report: “Dash Board Camera Market Report – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the DashBoard Camera Market. 


Inquiry Before Buying

Key Takeaways

Dual-channel Cameras are expected to witness highest CAGR during the forecast period owing to increasing preference for dual-channel dashboard cameras as it contains two cameras with high resolution feed for front and back video recording.

North America dominated the dashboard camera market share with a share of more than 38% due to stringent regulations.

The smart dashboard camera segment is expected to witness the fastest growth over the forecast period due to availability of seamless wireless connectivity and rising demand for the integration of smart cameras with Advanced Driver Assistance Systems (ADAS) technology.

Sharp Drop In the sales of passenger car production in United States and other developed market will hinder the growth of Dashboard Camera market

Schedule a Call

Type - Segment Analysis

Dual-channel Cameras are expected to witness the highest CAGR of 10.3% during the forecast period owing to increasing preference for dual-channel dashboard cameras, over single-channel dashboard cameras among private and commercial vehicle owners as it contains two cameras with high-resolution feed for front and back video recording. Companies are continually innovating, developing their offerings and leveraging this opportunity. For instance, Thinkware launched a two-channel (2CH) dashcam F200 that records in full HD 1080p with wide dynamic range (WDR) and offers 720p HD at the rear. Similarly, it also launched Q800 PRO dash cam in the US, featuring Quad HD resolution and advanced IoT capabilities with Thinkware Cloud. This dual-channel dashcam has a built-in Wi-Fi functionality, which allows drivers to connect the Dash Cam directly to smartphones and download the footage easily. These advancements in technologies for dual-channel dashboard cameras will create demand for dash Board camera Market.

By Technology - Segment Analysis

The smart dashboard camera segment is expected to witness the highest CAGR of 9.8% over the forecast period due to availability of seamless wireless connectivity and rising demand for the integration of smart cameras with Advanced Driver Assistance Systems (ADAS) technology enables analyzing data such as speed and distance of the car in front and further providing alerts to the driver. Advanced driver assistance system functionalities such as collision avoidance systems, blind-spot detection, and lane departure warning systems are anticipated to drive this segment. On the other hand, the demand for smart components is rising owing to their capability of recording ultra HD footage and obstacle detection on roads. Increasing implementation of these devices in autonomous vehicles is fueling the automotive dashboard camera market growth at a rapid pace

We also publish more than 100 reports every month in "Automotive”, Go through the Domain if there are any other areas for which you would like to get a market research study."





Comments

Post a Comment

Popular posts from this blog

Printed Tape Market - Forecast(2021 - 2026)

  Printed Tape Market  Overview Printed tape market size is forecast to reach  $38.4 billion by 2026 , after growing at a  CAGR of 5.9% during 2021-2026 . Printed tapes can help in spotlighting company, product or logo and can be also used as an alternative for printed cartons in tapes, owing to the printed tape market is witnessing an increase in demand. These printed tapes are hot melt and have fast adhesive strength of synthetic rubber even in lower temperatures as compared to acrylic adhesive, which is more resistant to aging and UV radiation. However, it also gives free professional design assistance, alignments, and quality checks at every step which makes the seller feel protective towards their product and avoids black-marketing. Growing public interest towards printed tapes for packaging will further enhance the overall market demand for Printed tape during the forecast period. Covid Impact The worldwide spread of the COVID-19 pandemic has disrupted the trad...
Read more

Pet Care Market - Forecast(2021 - 2026)

  Pet Care Market Overview: According to the European Pet Food Industry Federation (FEDIAF), the daily diet requirement for a dog and a cat are 37 and 40 nutrients respectively. [1]  This daily requirement of nutrients is largely fulfilled by canned pet foods which throws light on the essentiality of pet products in modern-day life. Pet care is a lucrative market growing rampantly in U.S. and U.K. owing to growing instances of pet ownership in these regions. The pet care market also includes items for pet grooming, pet accessories, pet shops, pet essentials, pet care clinics, pet care insurance, and many others. As a result of this increase in pet adoption, consumers are now spending colossal amounts of their income on pet care thereby ballooning the demand for pet products. Furthermore, ease of pet training and grooming facilities has considerably boosted the global pet care market which offered opportunities worth $125 billion as of 2018. During the forecast period 2019-2025...
Read more

Occupant Classification System Market - Forecast(2021 - 2026)

Image
  Occupant Classification System Market Overview The global Occupant Classification System Market size is estimated to surpass  $1.1 billion mark by 2026  growing at a projected CAGR of more than  6.2%  during the forecast period 2021 to 2026. The surging demand for road safety in automobiles pertaining to driver safety and stringent government regulations related to occupant safety will boost the Occupant Classification Systems market. The market is driven by declining prices of the safety systems in passenger vehicles. The market is also driven by increasing number of accidents and stringent government regulations & policies. The automotive sector has seen a growing inclination towards the safety and comfort of the passenger over the years. This focus on safety of the passengers/driver is illustrated by the steps taken by automotive manufacturers, such as introduction of seat belt tensioners, air-bags and  ABS (anti-lock braking)  in the vehicles...
Read more