Dashboard Camera Market (By Technology: Basic, Smart; By Product: 1-, 2-Channel; By Application; By Video Quality; By Distribution Channel) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030

The global dashboard camera market was valued at USD 3.44 billion in 2021 and it is predicted to surpass around USD 8.25 billion by 2030 with a CAGR of 10.21% from 2022 to 2030.

Report Highlights

• The basic technology segment accounted for the largest revenue share of over 61.2% in 2021 and is likely to continue to dominate the industry over the forecast period. 
• The 1-channel product segment dominated the global industry in 2021 and accounted for the largest share of more than 73.2% of the overall revenue. 
• The SD & HD video quality segment accounted for the largest share of more than 60.6% of the overall revenue in 2021. 
• The in-store distribution channel segment registered the largest revenue share of more than 60.4% in 2021. 
• The personal vehicle application segment dominated the global industry and accounted for the largest share of more than 65.6% of the overall revenue in 2021. 
• Europe accounted for the largest market share of 35.17% in 2021.

Dashboard cameras are hardware devices used to record the front- and rear-view of vehicles. The main use case of this hardware device is for insurance claims, safety against vehicular theft, unsafe road conditions, etc. The key global manufacturers are focusing their efforts on the development of innovative dash cams that can be connected with various complementary technologies, such as telematics and vehicle data monitoring. Commercial users, such as taxi operators, delivery companies, and trucking companies, purchase dashboard cameras with the 2-channel (dual channel) variant as they also capture footage inside the vehicle.

In March 2020, Waylens, Inc. entered into a partnership with Hygealeo, a provider of internet-of-things (IoT) solutions, to provide a security solution via the Secure360 dashboard camera for cold chain transportation, which includes vehicle location & data monitoring and the ability to record front, rear, and cabin footage. The industry is growing as vehicular traffic is increasing around the world, which has caused a rise in accidents, false insurance claims, scams, etc. Since these cameras are switched on in the driving mode, they also have a feature to record the cases that happen in the parking mode.The camera starts recording video after detecting movement in its vicinity to capture as much evidence as possible. Manufacturers offer multiple features in their products, such as GPS, night vision, real-time alert notifications, live streaming, and more, to increase product sales.

As high-quality video recording hardware becomes widely available and more affordable, technologically advanced dash cams with high-resolution video recording capabilities have become popular. The majority of devices are programmed to start recording as soon as the ignition is turned on. This technology makes it possible for dash cams to remain in continuous recording mode, which may be a requirement for insurance companies. These devices assist fleet owners in monitoring their drivers’ driving behavior. These cameras are also used by car rental companies to monitor customer driving habits. Furthermore, viewing one’s driving footage can aid in the improvement of driving skills, which is propelling the product demand in personal vehicle applications.

Scope of The Report

Technology Insights

On the basis of technologies, the global industry has been further categorized into basic, advanced, and smart. The basic technology segment accounted for the largest revenue share of over 61.2% in 2021 and is likely to continue to dominate the industry over the forecast period. The entry-level has been significantly lowered by manufacturers offering dash cams, which come with basic features and technology. These dash cams are inexpensive and can be installed within minutes. Most customers are satisfied with basic features. Basic technology dash cams are more popular in developing regions due to their easy process and low cost of production.

The smart technology segment is projected to register the fastest CAGR from 2022 to 2030. However, the industry players are constantly offering extra features at lower prices, which has driven the demand for advanced and smart technology dash cams. Enthusiasts or commercial vehicle owners prefer these dash cams as it makes monitoring and logistics easier and more centralized. The smart technology and features help reduce the level of manual input required and enable smarter connectivity with other devices.

Product Insights

On the basis of products, the global industry has been further categorized into 1-channel, 2-channel, and rear view. the 1-channel product segment dominated the global industry in 2021 and accounted for the largest share of more than 73.2% of the overall revenue. It is estimated to lead the market over the forecast period. The boom of affordable 1-channel dash cams has caused significant growth in the market. 1-channel dash cams can usually record the front view, have short battery life and have short storage capabilities. 1-channel dash cams are the most basic, entry-level products available in the market.

This product type has high popularity and sales in developing regions. The rear-view product segment is expected to register the fastest growth rate during the forecast years. The segment recorded a notable industry revenue in 2021. A significant increase in this product segment is expected as customers are beginning to prefer dash cams, which can also record the rear view. On account of the increasing cases of road accidents or collisions from the rear side, the demand for this product type is growing. Dash cams with multiple channel support offer front- and rear-view recording, which is more appealing to customers at a feature and uses case level.

Video Quality Insights

The SD & HD video quality segment accounted for the largest share of more than 60.6% of the overall revenue in 2021. The segment is predicted to lead the market throughout the forecast period. In this segment, the high-definition is not full HD, which helps reduce storage requirements. Video quality is one of the most important segments in a dash cam as it can prove vital when the need to review the footage arises. Customers using dash cams in their vehicles prefer SD & HD video quality devices as they are affordable and can record general instances, such as number plates during accidents for insurance purposes.

The lower video quality dash cams lack clarity while recording at night time. On the other hand, the full HD & 4K segment is expected to witness the fastest growth rate during the forecast period. Full HD & 4K video quality allows dash cams to record with high-quality resolution, which can be crucial in commercial vehicle monitoring and safety. The full HD and 4k video quality require significant storage and longer transfer times. Devices with this video quality are more popular among driving enthusiasts and commercial vehicle operators, as the higher video quality helps identify faces during theft or to settle large insurance claims with proof.

Distribution Channel Insights

On the basis of distribution channels, the global industry has been further categorized into online and in-store. The in-store distribution channel segment registered the largest revenue share of more than 60.4% in 2021. The segment is estimated to remain dominant throughout the forecast period due to the shopping convenience offered by these stores as customers get an in-person demo and can check the product for any manufacturing defects before purchasing. In addition, an in-store distribution channel has been the traditional way to distribute dash cams.

As the dashboard camera is a car accessory, it is also available in-store at car dealerships, car workshops, and more, which makes the distribution widely accessible to customers across various regions. The online distribution channel segment, on the other hand, is predicted to register the fastest growth rate during the forecast period. The e-commerce industry now sells almost all products and services and offers customers convenience, doorstep delivery, and extra discounts. The online distribution channel segment is pivotal for manufacturers to reach a wider audience at minimal costs. Online distribution of dashboard cameras is done via e-commerce websites or through the manufacturer’s website.

Application Insights

On the basis of applications, the global industry has been further categorized into personal vehicles and commercial vehicles. The personal vehicle application segment dominated the global industry and accounted for the largest share of more than 65.6% of the overall revenue in 2021. Dashboard cameras are typically easy to install and use, hence, customers can easily purchase the product in-store or online without having to do much research about the features. As personal vehicles have become more common and affordable, dash cams manufacturers have found a lucrative growth opportunity.

In most countries, it is mandatory to have insurance to drive a personal vehicle, thus, to have video proof for insurance claims, customers prefer dash cams for their private vehicles. The commercial vehicle application segment is estimated to register the fastest CAGR over the forecast period. Commercial vehicles, such as taxi fleets, transportation trucks, and delivery trucks, install dash cams for tracking, monitoring, and safety purposes. Commercial vehicle fleets are large in number and owners purchase dash cams for a large portion or the entire fleet to enable fleet-wide monitoring. It also gives operators a safety net for legal purposes and insurance claims by saving video recordings on device or on the cloud.

Regional Insights

Europe accounted for the largest market share of 35.17% in 2021 as a result of the rising trend of dashboard cameras for insurance proof purposes and increasing consumer demand. In developing European countries, such as Russia, many people install dash cams in their vehicles due to high accident rates and unsafe road conditions. Most European countries have specific laws regarding dash cams wherein they should not interfere while driving or be used as a mode for leaking personal vehicular information. Moreover, it has been observed that European customers were quicker to adopt dash cams than other regions. The North America region also accounted for a considerable revenue share in 2021. The region is anticipated to expand further at a steady CAGR over the forecast period.

Recently, there has been a significant increase in vehicular traffic in North America, which has brought up awareness of vehicle safety. Many people in North America use dash cams as a preventive measure against rash drivers or to speed up an insurance claim with the help of video proof. While recording video is completely legal in the U.S., recording audio is not always permitted in the country. Asia Pacific is projected to register the highest CAGR from 2022 to 2030 owing to encouragement and benefits for foreign businesses to enter the market in the region. A rise in vehicle sales and traffic also contributes to the region’s growth. Dash cams are popular in this region as cities here are heavily congested, which increases the chances of vehicular accidents.

Key Players

• Garmin, Ltd.
• DigiLife Technologies Co., Ltd (Affirmed by HP, Inc.)
• Cobra Electronics Corp.
• Pittasoft Co., Ltd.
• Panasonic Corp.

Market Segmentation

• By Technology Outlook

• Basic
• Advanced
• Smart
• By Product Outlook
• 1-channel
• 2-channel
• Rear View
• By Video Quality Outlook
• SD & HD
• Full HD & 4K
• By Application Outlook
• Commercial Vehicle
• Personal Vehicle
• By Distribution Channel Outlook
• Online
• In-store
• By Regional Outlook
• North America

• U.S.
• Canada
• Europe
• Germany
• Italy
• U.K.
• France
• Spain
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Malaysia
• Taiwan
• Singapore
• Rest of Asia
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East & Africa