1. Market Research
  2. > Automotive
  3. > Motor Vehicle Market Trends
Dashboard Camera Market - Growth, Trends, and Forecast (2019 - 2024)

Dashboard Camera Market - Growth, Trends, and Forecast (2019 - 2024)

  • July 2019
  • 113 pages
  • ID: 5797235
  • Format: PDF
  • By Mordor Intelligence LLP

Summary

Table of Contents

Search Inside

Market Overview
The global dashboard camera market was valued at USD 2519 million in 2018, and it is expected to register a CAGR of 15.4%, during the forecast period of 2019-2024. The market studied has expanded rapidly over the last few years, due to a considerable rise in the number of accidents and thefts, which have led to various governments mandating the installation of dashcams.

The expansion of the market studied was further supported by the increase in automobile sales, globally. As the automotive sector is evolving consistently, integration of dashcams has become a prominent trend, worldwide.
Driving assistance systems have gained popularity recently, owing to the drastic rise in the number of accidental fatalities that have been reported in the last decade. The demand for better assistance systems to categorically judge imminent dangers, and guide drivers has emerged as viable product in the automotive sector.
Several insurance companies are contributing to the increase in dashboard camera sales by offering discounts on car insurance premiums to customers. The demand for dashcams is also increasing, as it can reduce insurance frauds or claims by capturing on video events.

Scope of the Report
Dashboard Cameras are onboard cameras that continuously record the view through a vehicle’s front windscreen and sometimes rear or other windows. The important benefits of vehicle dash cameras are its accident recording capabilities. It helps to capture vehicle collations on video which ensures that there is always a witness around. Besides, many people have used accident footage to prove that they were not wrong. Dashcams are also placed on truck’ dashboard which help to record front facing videos. Besides, advanced dash cams can record rear views and some are equipped with specialized sensors to support more effective nigh time recordings.

Key Market Trends
Dual-channel Cameras to Witness Major Growth

Multi-lens dashboard cameras represent a lucrative segment to invest in, for dashboard camera manufacturers. There has been an increasing preference for dual-channel dashboard cameras, over single-channel dashboard cameras.

These cameras are gaining popularity among private and commercial vehicle owners. Dual-channel dash cam systems comprise two cameras with high-resolution feed, for front and rear video recording.

Companies are continuously innovating, to develop their offerings and leverage 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. It also has a built-in Wi-Fi functionality, which allows drivers to connect the dash cam directly to their smartphone, to adjust settings and easily download footage.

China to Witness Highest Growth

China is expected to overtake the United States as the world’s largest premium car market, creating a significant potential for the growth of the market studied. The Chinese automotive industry is expected to witness rapid technological evolution over the next few years, owing to the ongoing safety trend that is evident in North America and Europe. Particularly in the dashcam market, the country witnessed a 20% rise in sales, in recent years, due to increasing demand from insurance frauds. While the adoption of normal dashcams in the country is high, the manufacturers in the country are providing more enhanced solutions, like modern cameras equipped with Wi-Fi, ADAS, and real streaming media mirror.

Competitive Landscape
The dashboard camera market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with a prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability. In Oct 2017, Papago introduced new dashcams - Gosafe S37, Gosafe S780, and Papago Ray - at the world’s biggest automotive products show, SEMA. Jan 2018, Garmin announced the launch of Garmin Speak Plus with Amazon Alexa, by adding a built-in dash camera to its innovative Garmin Speak.

Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client’s requirements
- 3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
20% Off

($4250)

  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Veronica helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Consumer Electronics in Italy

Consumer Electronics in Italy

  • $ 2650
  • August 2019

Consumer electronics continued to decline in retail volume terms in 2019. However, within this, individual categories saw very different performances. Declining volumes were mostly seen in more mature ...

Consumer Electronics in Singapore

Consumer Electronics in Singapore

  • $ 2650
  • August 2019

New product innovation is crucial in driving what is a saturated market. Recent launches like smart wearables, wireless speakers with voice assistants and activity wearables have been steadily picking ...

Consumer Electronics in Japan

Consumer Electronics in Japan

  • $ 2650
  • August 2019

This is a time of potentially significant transition for the Japanese consumer electronics market. The end of the review period witnessed changes to legislation relating to the deals telecom operators ...

Consumer Electronics in France $ 2650 August 2019


ref:plp2019

Reportlinker.com © Copyright 2019. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on