The automotive dashboard camera market is expected the valuation of US $ 20 Bn by the end of 2026 and to expand at a splendid CAGR of 25% during forecast period 2020 to 2027.
An automotive dashboard camera, also known as dash cam, blackbox, and in-car camera, is a small video recording device, generally mounted at the rear view mirror. It comprises a storage device and is powered by the vehicle battery, or sometimes by an individual battery. A dashboard camera can be mounted by means of a suction cup or adhesive tape. In some countries, such as Russia, it is a mandatory device and is gaining popularity in other countries across the globe.
The central law authority of several countries across the globe has accepted the dashboard camera footage as proof in case of accident and other illegal incidents. Moreover, several insurance companies are providing discounts while buying insurance for vehicles that have installed dashboard cameras. Acceptance of dash cam footage as evidence, initiatives taken by insurance companies, decreasing dash cam prices, increase in on-road recreational activities, increasing corruption, and vehicle safety are major factors prompting vehicle owners to install a dashboard camera, which in turn is driving the global dashboard camera market. Several countries allow using a dash cam and sharing the image on social media, while there are several nations that have banned the use of dashboard camera. However, considering the advantages of dashboard camera, these nations are expected to redeem these ban in the near future. Insurance companies are facing numerous false accident claims; therefore, these companies are prompting consumers to install a dashboard camera. Furthermore, consumer preference for dashboard camera is increasing due to increased corruption. Consumers are preferring to have a record of incidents, in order to avoid any false charges filed by the police. Rapid expansion of ride hailing and ride sharing activities and on-road recreational activities are prominently driving the global automotive dashboard camera market.
The dual channel dash cameras are anticipated to witness highest sales due to their integration in private taxi services such as Bookmycab and Uber. The high popularity of these cameras is due to its feature that enables the recording of external and internal environments.
The autonomous vehicles also present a significant opportunity for the market’s growth due to the need to alert the driver regarding the distance and speed of the car. Moreover, there is a high demand for smart components owing to their precision in the detection of obstacles on the road.
Furthermore, the easy availability of dashboard cameras in the aftermarket has filliped the automotive dashboard camera market’s expansion. Consumers are inclined towards buying the dashboard camera from the aftermarket due to the competitive pricing as compared to the cameras fitted by OEMs. As a result, aftermarket sales of dashboard cameras are expected to fetch maximum revenue for the market.
Europe is anticipated to lead the automotive dashboard camera market during the forecast period. This is mainly because the Central Court of Germany accepts dash cam footage as legal proof. Not just Germany but the Interior Ministry of Russia has also mandated the use of dash cameras. Russia and the UK are expected to be the highest contributors to the market’s growth in this region. Russia accounts for approximately half of the dashboard cameras across the globe. The high number of accident cases in Russia have also driven the market’s growth in this region.
The automotive dashboard camera market in Southeast Asia, China, and South Korea are also expected to show remarkable growth. The reason for this is attributable to the high presence of leading dashboard camera manufacturers in these regions.
The market in North America is majorly driven by the rising demand for automobile safety systems. The U.S. is a major consumer of the market in this region due to government regulation pertaining to the implementation of backup cameras in vehicles.
A dashboard camera continuously records when switched on, which includes recording of personal activities. Therefore, using a dash board camera in several countries, such as Austria, is banned by law in order to protect the privacy of individuals. Across several nations, using a dashboard camera is not prohibited; however, uploading videos on social sites is banned by law. These prohibitions by law coupled with the higher cost of the camera is primarily restraining the global automotive dashboard camera market.
Several dashboard manufacturers and advanced technology manufacturers, such as Kenwood, have developed dashboard cameras that are embedded with lane departure warning technology. These cameras are highly useful in avoiding accidents as well as keeping record of incidents. Integration of lane keep assist, lane departure warning, and other advanced driver assistance system technologies with the dashboard camera is expected to offer lucrative opportunities for the automotive dashboard camera market.
A majority of dashboard cameras are utilized for recording external views, which include accidents and other events happening around the vehicle. External view dashboard cameras are mounted at the rear view mirror and sometimes, at the rear windshield. External view dashboard cameras can be mounted with the help of a suction cup or by a double-sided tape. Internal view cameras are gaining popularity among ride hailing and sharing companies, where these are used for monitoring driver and passenger behavior. The footage recorded in a dashboard camera can be visualized on a small display, which is connected to the dashboard camera by means of a wire. Wireless connectivity is gaining popularity across the automotive industry. Decreased cost, simple design, and portability are fueling the demand for wireless connectivity among electronic devices that are utilized in a vehicle. The dashboard camera footage can be transferred to mobile, TV, and laptop by means of wireless connectivity. Bluetooth tethering is a highly preferred method by consumers for viewing the footage recorded by the dashboard camera.
External view mirror cameras are mounted on the rear view mirror and the internal view mirror is also mounted at the dashboard of the vehicle. Therefore, the front mounted dashboard camera segment of the global automotive dashboard camera market accounted for major share, in terms of revenue, in 2017. Rear mounted dashboard cameras are preferred by consumers for recoding incidents occurring at the rear end of the vehicle. Dashboard cameras are marginally expensive, and hence, consumers prefer to buy a single camera for recording incidents, journeys, and some rare moments. Therefore, the single lens segment of the global automotive dashboard camera market held a prominent share, in terms of revenue. Multi-lens dashboard cameras are capable of recording external as well as internal views. Therefore, they requires less space than that required by individual dashboard cameras. Consequently, these cameras are gaining popularity among consumers.
Generally, dashboard cameras are powered by the vehicle battery. They possess an inbuilt connecting pin, which can be inserted into the dashboard cigarette lighter socket. Several consumers prefer continuous surveillance of the vehicle, even when it is parked. Using a dashboard camera, powered with a vehicle battery, even when vehicle is parked can cause the battery to discharge as well as raise battery temperature, which in turn reduces battery life. Therefore, dashboard cameras with individual battery are preferred for surveillance of the vehicle, when it is parked.
Dashboard camera footage is accepted by the law and insurance companies as evidence in case of accidents and illegal incidents. Therefore, the footage needs to be clear enough to recognize the things in the footage clearly. Consequently, cameras with higher resolution are preferred by consumers. Decreasing prices of higher resolution cameras, increased preference of consumers to record activities in high definition, and increase in adoption by OEMs are fueling the demand for 1080P and higher resolution cameras. Increase in on-road recreational activities, expansion of ride hailing and ride sharing markets, increased rate of accidents, support from insurance companies, and acceptance by law are prompting passenger vehicle owners to install a dashboard camera. Commercial vehicles are witnessing a surge in adoption of dashboard cameras, which is attributed to the increased preference for vehicle surveillance by fleet owners.
Dashboard cameras are easily available in the aftermarket. There are a few vehicle manufacturers that provide dashboard cameras as standard or as an option on their vehicles. Dashboard cameras are inexpensive in the aftermarket as compared to OEM-fitted dashboard cameras. Therefore, consumers prefer to buy a dashboard camera from the aftermarket, and hence, the aftermarket segment accounted for major share of the global automotive dashboard camera market, in terms of revenue, in 2017.
The Automotive Dashboard Camera market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Automotive Dashboard Camera market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Automotive Dashboard Camera market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Automotive Dashboard Camera market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Automotive Dashboard Camera market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Automotive Dashboard Camera capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Automotive Dashboard Camera by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Automotive Dashboard Camera market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Automotive Dashboard Camera market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Automotive Dashboard Camera market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Automotive Dashboard Camera industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Automotive Dashboard Camera market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Automotive Dashboard Camera market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Automotive Dashboard Camera market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Automotive Dashboard Camera market. These factors have benefited the growth of the global market for Automotive Dashboard Camera. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Automotive Dashboard Camera. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
Key players operating in the global automotive dashboard camera market include Garmin Ltd., Koninklijke Philips N.V., JVCKENWOOD Corporation, Texas Instruments Incorporated, Valeo SA, Aptive, Continental AG, Cedar Electronics, Intensity Security, Silent Witness, Waylens, Inc., POSIS, DENSO TEN Limited, Clarion, Transcend Information, Inc., Honeywell International Inc., Xiaomi, PAPAGO Inc., and RAVEN.
Region/ by Country/ Sub-region
In this study, the years considered to estimate the market size of Automotive Dashboard Camera are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are:
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