Dashboard Camera Market Analysis By Product Type(Single-channel, Dual-channel, Rear-view), By Technology(Basic, Advanced, Smart), By Video Quality(SD & HD, Full HD & 4K), By Appplication(Commercial Vehicles, Passenger Cars), By Distribution Channel(Online, In-store) & Forecast 2024-2035
- PUBLISHED ON
- 1/12/2023
- NO OF PAGES
- 273
- CATEGORY
- Electronics & Communication
The global dashboard camera market size was valued at US$ 3.8 billion in 2022, and anticipated to grow at a CAGR of 10.2 % over the forecast period. A dashboard camera, usually referred to as a dashcam, is an onboard camera that is permanently mounted on the front windscreen and occasionally the rear windows of the vehicle and continuously records the view. A dashcam is quite useful in the event of accidents. Since this camera is conveniently positioned to capture the entirety of the road ahead, there is proof that an accident occurred in front of the driver or the other drivers.
The industry's expansion is linked to increased security against escalating vehicle thefts, quicker insurance claims processing, and growing awareness of the need of driving safety. Dashboard cameras are used by the police force as well as for private and professional purposes. The surge in false insurance claims and medical payments based on fictitious auto accidents is a significant element driving product demand. In order to resolve insurance claims more precisely and swiftly, it has also been noted that insurance firms are promoting the usage of dashboard cameras in vehicles.
Furthermore, personal vehicle users are dominating the market because dash cams are typically inexpensive and easy to install. High-definition dash cam recording has become common since digital services have been implemented and widely standardised. Standard definition dash cams are also an option, and they now control the dash cam industry since they're not as costly to produce and market. The entry-level of the market has decreased and become more uniform globally as a result of technical advancements.
The strict rules certain nations have enacted against dashcams are indeed the major factor anticipated to impede the growth of the global market. In certain European nations, like Austria, Belgium, and Switzerland, the use of these cameras is prohibited by law and regarded as an invasion of privacy. Violators are subject to severe fines, which restrains the market's expansion.
Technology Insights
By Technology, basic technology segment accounted for the largest market share in 2022 and is likely to continue to dominate the industry over the forecast period. Dash cameras, which have minimal features and technology, are now easily available owing to manufacturers, who have greatly reduced the entry-level. These dash cams are reasonably priced and easy to install. Basic features are sufficient for the majority of customers. Dash cams with basic technology are more common in underdeveloped countries due to their simple manufacturing processes and inexpensive production costs.
Product Insights
In terms of Product, the 1-channel product segment dominated the market share in 2022 and is estimated to lead the market over the forecast period. The market has experienced substantial growth as a result of the increase of 1-channel dash cams at low prices. 1-channel dash cams often only have the ability to capture the front view and have limited battery life and storage. The most fundamental, entry-level dash cams on the market are 1-channel models.
Video Quality Insights
In terms of Video Quality, The SD & HD video quality segment accounted for the largest share in 2022. One of a dash cam's most crucial features is video quality because it can be crucial when it comes to going over the footage. Due to its affordability and ability to record common incidents, such as number plates during collisions for insurance purposes, customers who use dash cameras in their automobiles prefer SD & HD video quality devices.
Application Insights
In terms of Application, the personal vehicle application segment accounted for the largest share in 2022. As dashboard cameras are frequently simple to set up and operate, customers don't need to spend much time learning about the features before buying the product in-person or online. As personal vehicles have become more common and more affordably priced, dash cam manufacturers have found a great potential for advancement.
Regional Insights
In terms of region, Due to the expanding use of dashboard cameras for insurance proof purposes and rising consumer demand, Europe held the largest market share in 2022. Because of a high accident rate and dangerous driving conditions, dash cameras are widely used in vehicles in developing European nations like Russia. The restrictions that apply to dash cameras in the majority of European countries forbid them from interfering with driving or being used as a method of releasing private information about vehicles. Also, it has been noted that European consumers adopted dash cameras more quickly than residents of other continents.
Furthermore, Asia Pacific is projected to register the highest CAGR from 2023 to 2032 owing to encouragement and benefits for foreign businesses to enter the market in the region. The region is expanding as a result of increased automobile sales and traffic. Dash cams are popular in this region due to the high rate of traffic accidents.
Key Companies Insights
Some of the major companies studied under the market scope are as follows: Koninklijke Philips N.V., Valeo SA, Aptiv, Honeywell International Inc, Thinkware Dash Cam, Panasonic Corporation, LG Innotek, Xiaomi, Garmin Ltd, DOD Tec, Waylens, Inc, ABEO Company Co., Ltd, Pittasoft Co. Ltd, PAPAGO Inc, Steelmate Automotive, Cobra Electronics Corp, Qihoo 360 Technology Co. Ltd, and Others. The existence of several companies on a global and regional scale creates intense rivalry for major players working in the ecosystem. These players also use a variety of strategies, including merger and acquisition, the introduction of new products, geographic expansion, R&D for increasing their product line, and others.
In 2022, Dashboard cameras Q1000 were introduced by THINKWARE. Users can watch live video while parking or even in detailed recording mode. It can record brighter films in the dark and has Super Night Vision 3.0 with HDR. It is designed to help commercial vehicles and fleet management track vehicles and increase efficiency.
Segments
By Technology
· Basic
· Advanced
· Smart
By Product
· 1-channel
· 2-channel
· Rear View
By Video Quality
· SD & HD
· Full HD & 4K
By Application
· Commercial Vehicle
· Personal Vehicle
By Distribution Channel
· Online
· Offline
Global Dashboard Camera Market: Regional Analysis
The countries covered in the regional analysis of the Global Dashboard Camera market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter’s Five Force Model and SWOT analysis are used to study the global Dashboard Camera market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Dashboard Camera would help in identifying future applications in this market.
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Objectives of the Study:
• To provide with an exhaustive analysis on the Dashboard Camera Market by Product Type, By Technology, By Application, By Distribution Channel and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
Historic Year: 2016-2022
Forecast: 2024-2035
1. Global Dashboard Camera Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Dashboard Camera Market Scope and Market Estimation
1.2.1.Global Dashboard Camera Overall Market Size, Revenue & Volume (US$ Mn & Thousand Units), Market CAGR (%), Market forecast (2023 - 2032)
1.2.2.Global Dashboard Camera Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2032
1.3. Market Segmentation
1.3.1.Product Type of Global Dashboard Camera Market
1.3.2.Technology of Global Dashboard Camera Market
1.3.3.Video Quality of Global Dashboard Camera Market
1.3.4.Application of Global Dashboard Camera Market
1.3.5.Distribution Channel of Global Dashboard Camera Market
1.3.6.Region of Global Dashboard Camera Market
2. Executive Summary
3. Market Factor Analysis
3.1. Global Dashboard Camera Market Industry Trends under COVID-19 Outbreak
3.1.1.Global COVID-19 Status Overview
3.1.2.Influence of COVID-19 Outbreak on Global Dashboard Camera Market Industry Development
3.2. Market Dynamics, By Region
3.2.1.Drivers
3.2.2.Limitations
3.2.3.Opportunities
3.2.4.Impact Analysis of Drivers and Restraints
3.3. Ecosystem / Value Chain Analysis
3.3.1.Raw Materials / Components Suppliers
3.3.2.Manufacturers / Vendors
3.3.3.Distributors
3.3.4.Buyers / End-users
3.3.5.Forward Integration & Backward Integration of Key Stakeholders
3.4. Global Dashboard Camera Market - Pricing Trends Analysis & Average Selling Prices (ASPs)
3.5. End-User / Customer Preferences & Consumer Surveys
3.6. Technology Roadmap & Key Innovations /Developments
3.7. Key Mandates & Regulatory Scenario Analysis
3.8. Patents Landscape
3.9. Import & Export, By Countries (USD Million)
3.10. Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.
3.11. Porter’s Five Forces Analysis
3.11.1. Bargaining Power of Suppliers
3.11.2. Bargaining Power of Buyers
3.11.3. Threat of Substitutes
3.11.4. Threat of New Entrants
3.11.5. Competitive Rivalry
3.12. PEST Analysis
3.12.1. Political Factors
3.12.2. Economic Factors
3.12.3. Social Factors
3.12.4. Technological Factors
3.13. SWOT Analysis
3.14. Russia-Ukraine War Impacts Analysis
3.15. ANSOFF Matrix
3.15.1. Market Penetration Strategy
3.15.2. Product Development Strategy
3.15.3. Market Development Strategy
3.15.4. Diversification Strategy
3.16. Inflation Impacts Analysis
3.16.1. Supply Side Impacts
3.16.2. Demand Side Impacts
3.16.3. Outlook in 2023 & Beyond
3.17. Market Investment Feasibility Analysis
3.18. Opportunity Map Analysis
3.19. Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Regions
4. Global Dashboard Camera Market Estimates & Historical Trend Analysis (2019 - 2022)
5. Global Dashboard Camera Market Estimates & Forecast Trend Analysis, by Product Type
5.1. Global Dashboard Camera Market Revenue & Volume (US$ Mn & Thousand Units) Estimates and Forecasts, by Product Type, 2019 to 2032
5.1.1.Single-channel
5.1.2.Dual-channel
5.1.3.Rear-view
6. Global Dashboard Camera Market Estimates & Forecast Trend Analysis, by Technology
6.1. Global Dashboard Camera Market Revenue & Volume (US$ Mn & Thousand Units) Estimates and Forecasts, by Technology, 2019 to 2032
6.1.1.Basic
6.1.2.Advanced
6.1.3.Smart
7. Global Dashboard Camera Market Estimates & Forecast Trend Analysis, by Video Quality
7.1. Global Dashboard Camera Market Revenue & Volume (US$ Mn & Thousand Units) Estimates and Forecasts, by Video Quality, 2019 to 2032
7.1.1.SD & HD
7.1.2.Full HD & 4K
8. Global Dashboard Camera Market Estimates & Forecast Trend Analysis, by Application
8.1. Global Dashboard Camera Market Revenue & Volume (US$ Mn & Thousand Units) Estimates and Forecasts, by Application, 2019 to 2032
8.1.1.Commercial Vehicles
8.1.2.Passenger Cars
9. Global Dashboard Camera Market Estimates & Forecast Trend Analysis, by Distribution Channel
9.1. Global Dashboard Camera Market Revenue & Volume (US$ Mn & Thousand Units) Estimates and Forecasts, by Distribution Channel, 2019 to 2032
9.1.1.Online
9.1.2.In-store
10. Global Dashboard Camera Market Estimates & Forecast Trend Analysis, by Region
10.1. Global Dashboard Camera Market Revenue & Volume (US$ Mn & Thousand Units) Estimates and Forecasts, by Region, 2019 to 2032
10.1.1. North America
10.1.2. Europe
10.1.3. Asia Pacific
10.1.4. Middle East & Africa
10.1.5. South America
11. North America Dashboard Camera Market: Estimates & Forecast Trend Analysis
11.1. North America Dashboard Camera Market Assessments & Key Findings
11.1.1. Dashboard Camera Market Introduction
11.1.2. Dashboard Camera Market Size & Volume Estimates and Forecast (US$ Million & Thousand Units) (2019 – 2031)
11.1.2.1. By Product Type
11.1.2.2. By Technology
11.1.2.3. By Video Quality
11.1.2.4. By Application
11.1.2.5. By Distribution Channel
11.1.2.6. By Country
11.1.2.6.1. The U.S.
11.1.2.6.2. Canada
11.1.2.6.3. Mexico
12. Europe Dashboard Camera Market: Estimates & Forecast Trend Analysis
12.1. Europe Dashboard Camera Market Assessments & Key Findings
12.1.1. Dashboard Camera Market Introduction
12.1.2. Dashboard Camera Market Size & Volume Estimates and Forecast (US$ Million & Thousand Units) (2019 – 2031)
12.1.2.1. By Product Type
12.1.2.2. By Technology
12.1.2.3. By Video Quality
12.1.2.4. By Application
12.1.2.5. By Distribution Channel
12.1.2.6. By Country
12.1.2.6.1. Germany
12.1.2.6.2. U.K.
12.1.2.6.3. France
12.1.2.6.4. Italy
12.1.2.6.5. Spain
12.1.2.6.6. Russia
12.1.2.6.7. Rest of Europe
13. Asia Pacific Dashboard Camera Market: Estimates & Forecast Trend Analysis
13.1. Asia Pacific Market Assessments & Key Findings
13.1.1. Dashboard Camera Market Introduction
13.1.2. Dashboard Camera Market Size & Volume Estimates and Forecast (US$ Million & Thousand Units) (2019 – 2031)
13.1.2.1. By Product Type
13.1.2.2. By Technology
13.1.2.3. By Video Quality
13.1.2.4. By Application
13.1.2.5. By Distribution Channel
13.1.2.6. By Country
13.1.2.6.1. China
13.1.2.6.2. Japan
13.1.2.6.3. India
13.1.2.6.4. Australia
13.1.2.6.5. South Korea
13.1.2.6.6. ASEAN
13.1.2.6.7. Rest of Asia Pacific
14. Middle East & Africa Dashboard Camera Market: Estimates & Forecast Trend Analysis
14.1. Middle East & Africa Market Assessments & Key Findings
14.1.1. Dashboard Camera Market Introduction
14.1.2. Dashboard Camera Market Size & Volume Estimates and Forecast (US$ Million & Thousand Units) (2019 – 2031)
14.1.2.1. By Product Type
14.1.2.2. By Technology
14.1.2.3. By Video Quality
14.1.2.4. By Application
14.1.2.5. By Distribution Channel
14.1.2.6. By Country
14.1.2.6.1. U.A.E.
14.1.2.6.2. Saudi Arabia
14.1.2.6.3. Egypt
14.1.2.6.4. South Africa
14.1.2.6.5. Rest of Middle East & Africa
15. South America Dashboard Camera Market: Estimates & Forecast Trend Analysis
15.1. South America Market Assessments & Key Findings
15.1.1. Dashboard Camera Market Introduction
15.1.2. Dashboard Camera Market Size & Volume Estimates and Forecast (US$ Million & Thousand Units) (2019 – 2031)
15.1.2.1. By Product Type
15.1.2.2. By Technology
15.1.2.3. By Video Quality
15.1.2.4. By Application
15.1.2.5. By Distribution Channel
15.1.2.6. By Country
15.1.2.6.1. Brazil
15.1.2.6.2. Argentina
15.1.2.6.3. Colombia
15.1.2.6.4. Rest of South America
16. Competition Landscape
16.1. Dashboard Camera Market Competition Index, By Leading Players
16.2. Dashboard Camera Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants
16.3. Dashboard Camera Market Competition White Space Analysis, By Application / End-user
16.4. Dashboard Camera Market Competition Heat Map Analysis, By Products / Services / Solutions
16.5. Dashboard Camera Market Competition Regional Intensity Map Analysis, By Geographies Served
16.6. Dashboard Camera Market Concentration & Company Market Shares (%) Analysis, 2022
17. Company Profiles
17.1. Garmin Ltd
17.1.1. Company Overview & Key Stats
17.1.2. Financial Performance & KPIs
17.1.3. Product / Service / Solutions Portfolio & Applications / End-uses
17.1.4. Business Strategy & Recent Developments
* Similar details would be provided for all the players mentioned below
17.2. Panasonic Corporation
17.3. Aiptek Inc
17.4. Samsung Electronics Co., Ltd. (Harman International Industries, Inc.)
17.5. DOD Tech
17.6. Pittasoft Co., Ltd
17.7. Steelmate Automotive (UK) Ltd
17.8. HP Development Company LP
17.9. Thinkware Dash Cam
17.10. Cobra Electronics Corporation
17.11. LG Electronics Inc
17.12. Others**
18. Research Methodology
18.1. External Sources / Databases
18.2. Internal Proprietary Database
18.3. Primary Research
18.4. Secondary Research
18.5. Assumptions
18.6. Limitations
18.7. Report FAQs
19. Research Findings & Conclusion
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