Automotive Dashboard Camera Market Size, Share, Growth Analysis, By Type (Single Channel, Multi-Channel), By Application (Passenger Vehicle, Commercial Vehicle), By Price Range (Budget-Friendly, Premium), By Region -Industry Forecast 2024-2031
Report ID:
SQMIG45I2211 |
Region:
Global |
Published Date: November, 2024
Pages:
207
|Tables:
0
|Figures:
0
Automotive Dashboard Camera Market Insights
Global Automotive Dashboard Camera Market size was valued at USD 9.87 Billion in 2022 and is poised to grow from USD 13.25 Billion in 2023 to USD 104.33 Billion by 2031, growing at a CAGR of 34.28% in the forecast period (2024-2031).
The automotive dashboard camera market is growing at a tremendous rate due to the presence of several highly relevant factors. One major trend that describes the increasing usage of multi-channel cameras that provide all-around sight, both from front, back, and even sides due to its recording ability, should help reduce accidents as drivers become more cognizant about their surroundings. Insurance companies are offering lower rates on automobiles with dash cams installed on them, and such encouragement helps owners get dash cams. Safety issues are the number one reason for customers to purchase dash cams; even a small driving mistake can cause catastrophic tragedies. Dashboard cameras minimize the possibility of accidents by enhancing panoramic view while driving and by providing clear evidence in case of an accident. Customers are becoming increasingly willing to invest in high-tech security systems that make their roads safer with increasing concern over safety issues. Cutting-edge technologies such as GPS tracking, night vision, and driver assistance make dash cams much more attractive. All of them, at the end of the day, contribute toward awareness about the importance of car safety that fosters growth of the market and makes dash cams an indispensable complement for modern automobiles.
Market Snapshot - (2024-2031)
Global Market Size
Largest Segment
Fastest Growth
Growth Rate
CAGR
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Automotive Dashboard Camera Market Segmental Analysis
The Global Automotive Dashboard Camera Market is segmented into type, application, price range, and region. By type, the market is bifurcated into single channel and multi-channel. Depending on application, it is classified into passenger vehicle and commercial vehicle. According to price range, the market is categorized into budget-friendly, mid-range, and premium. Regionally, it is studied across North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
Analysis by Type
Single channel automotive dashboard cameras now have a high market share because of their low prices and ease of usage. The gadget is preferred by many customers who can afford it, especially the budget-conscious ones, as they mainly record everything in front of the car. Easy installation and usage make most people pick up this camera product even for those not so savvy with technology. In addition, the single-channel cameras can offer sufficient protection for the requirements of normal driving because of the G-sensor technology and loop recording features. The single-channel camera accounts for a good share in the market because it is an affordable product accessible to many customers.
The automotive dashboard camera market is growing at the fastest pace in the category of Multi-Channel Cameras, which is largely driven by a growing consumer awareness on traffic safety and the requirement for all-inclusive monitoring systems. As against single-channel cameras, multi-channel systems capture images from the front, rear, and side views, thereby providing a clear view and security at multiple angles. Other features, such as ADAS, night vision, and GPS tracking, make the cameras very appealing to customers wanting to improve the driving experience and prevent accidents. The tie of such advanced technologies with the trend associated with connected cars pushes up the use of multiple-camera channels among those drivers who consider safety, even paying more for its enhanced security.
Analysis by Application
Currently, the passenger vehicle segment is having a hold on the automotive dashboard camera market for automobiles. With such huge amounts of private automobiles on roads and the growing awareness in the minds of drivers towards security and safety, this market is a substantial share of revenues. Dash cams are gathering immense popularity in passenger cars as there are ever-increasing numbers of people who are putting more emphasis on both their safety and that of their vehicle. The popularity of the safety features, their low cost, and the need for comfort by the driver supports the passenger car segment as a market leader.
The fastest-growing category in the automotive dashboard camera industry is commercial vehicles. Usage of dash cams from this industry is spurred on by a growing demand for insurance cost savings, driver responsibility, and fleet management. Companies are realizing how imperative it is to use multi-channel cameras to oversee driver behavior, and safety while protecting against false claims. Advanced dash cams are increasingly being adopted in commercial vehicles as the fleet safety standards continue getting tougher, and for businesses looking to improve the operational efficiency scale. Also, the integration of telematics and GPS tracking technologies contributes to the growth of this market as firms increasingly use these technologies in promoting general efficiency and safety.
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Automotive Dashboard Camera Market Regional Insights
North America is currently leading the automotive dashboard camera market. A number of factors that contribute to such extensive use of dash cams can be counted as added causes. These are; increased awareness of safety on roads, a larger number of cars in countries and places, and a lot of insurance packages that come with special incentives for the use of dash cams. With the increasing accident and fraud insurance rates, and rises in accident occurrences and the regulatory environment, people and organizations are investing money in dashboard camera technology. For this reason, the dominance of the North American market is guaranteed by the existence of established markets and focus on innovation and technical advances.
In Asia-Pacific, sales of dashboard cameras will continue to lead the market, which is increasing at the highest rate. Rising car ownership rates, a thriving auto sector, and increasing emphasis on safety features from customers explain this rapid expansion. Growing middle classes prepared to spend money on car safety equipment are appearing in countries such as China, India, and Japan, where they are experiencing notable technological breakthroughs. In addition, thanks to the rapid growth in e-commerce sites, dash cams are more and more easily accessible to consumers within this region. In the Asia-Pacific region, the dashboard camera market will expand sizably as new solutions customized for local markets are launched and awareness of road safety continues to rise.
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Automotive Dashboard Camera Market Dynamics
Drivers
Increased Safety Awareness
- Customers' concern over road safety pushes the market. Devices help discourage reckless driving and further serve as strong evidence in the case of an accident. An increasing number of dash cams are coming to light due to the growing number of people placing a higher priority on driving safety, making this gadget an indispensable component for many cars.
Insurance Incentives
- Most of the insurance companies have promised to reduce the car's insurance rates if the dashboard camera is installed on the car. The cost stimulus motivates the customers to install the devices since, apart from saving the insurance, it raises safety in driving. It is a business incentive since drivers become safer besides raising sales of dashboard camera.
Restraints
High Initial Prices for More Complex Systems
- Even as there are cost-effective solutions, some consumers are bound to be shy away from purchasing high-end multi-channel cameras; theirs is a relatively expensive price tag on them. The involvement rates for more sophisticated systems will hence be slower because would-be customers may consider prioritizing price above complexity. This entry barrier, especially with customers who are price sensitive, may limit market growth.
Legal and Privacy Issues
- In many jurisdictions, recording without permission violates privacy rules and may attract both legal and privacy issues. This will make potential buyers uncomfortable besides raising regulatory problems in some regions. Widespread adaptation may be limited by the legal ambiguities, most specifically in regions with strict privacy laws. Thus, it hinders the growth of the automotive dashboard camera market.
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Automotive Dashboard Camera Market Competitive Landscape
The automotive dashboard camera market is rather diversified with many big names and emerging startups. Some of the key players in the market who are offering cutting-edge features and superior quality products are Garmin, Nextbase, and BlackVue. There is intense competition between them, which creates technological innovations in terms of better connectivity, integration of ADAS, and video resolution. Companies increase their spending on R&D with the change in customer preferences so that they can differentiate their products and attain increased market shares.
Top Player’s Company Profile
- ABEO Technology Co. Ltd.
- Anker Technology UK Ltd.
- Apeman International Co. Ltd.
- AUKEY
- Cedar Electronics Corp.
- DOD Tech
- Garmin Ltd
- Harman International Industries Inc.
- HP Inc.
- JVCKENWOOD Corp.
- MiTAC Holdings Corp.
- Nexar Ltd.
- Nextbase
- Panasonic Holdings Corp.
- PAPAGO Inc.
Recent Developments
- In October 2023, Hero Electronix's Qubo brand of smart device recently launched Dashcam Pro X and Dashcam Pro 3K. Time-lapse, loop recording, GPS tracking with front and rear cameras for real-time vehicle monitoring are present in the dashcams.
- In September 2023, Firstech LLC launched the DroneMobile XC Dash Cam. It seamlessly interfaces with security and remote start systems and integrates well with them. Customers can then monitor in real time what is happening inside and around their automobiles.
- In January 2023, Garmin Ltd. launched the LTE-connected Garmin Dash Cam Live. In this capability, drivers can visually monitor the exterior of their vehicle in real time.
Automotive Dashboard Camera Key Market Trends
- Integration with Advanced Driver Assistance Systems (ADAS): Dashboard camera integration with ADAS technology is highly in demand. This combination makes the advanced safety features, gives real-time inputs to the driver, and becomes possible for the incorporation of advanced features, including collision alarms and lane deviation warnings. Demand for an integrated system would also increase due to customers looking at this as an all-encompassing safety solution.
- Emergence of connected cars: The connected car trend is marking its dominance in the market for dashboard cameras. As dashboard cameras can be integrated into smartphone applications and car telematics for real-time monitoring and data sharing, it enhances the user experience and promotes more adoption as customers seek more advanced and multipurpose gadgets to increase their safety and convenience while driving.
Automotive Dashboard Camera Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growth in the automotive dashboard camera market would be substantial with rising insurance premiums, technological advancements, and increasing safety consciousness. Right now, markets are dominated by very cheap cameras, so the trend is more towards sophisticated systems as demand increases for multi-channel versions and premium variations. However, other constraints include very high start-up costs and the problem of high privacy-related regulatory issues that could cause growth hindrances in regions. Manufacturers must continuously innovate and come up with new ideas to meet the changing requirements of customers, and industrial trends such as those related to integration of advanced driver assistance systems and the increased number of connected cars have been gaining pace. And thus, the industry holds enormous potential for growth, innovation, and a safer road environment.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 9.87 Billion |
| Market size value in 2031 | USD 104.33 Billion |
| Growth Rate | 34.28% |
| Base year | 2023 |
| Forecast period | (2024-2031) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Dashboard Camera Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Dashboard Camera Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive Dashboard Camera Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Dashboard Camera Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Dashboard Camera Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Dashboard Camera Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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