Dash Board Camera Market Updates

Global Dash Board Camera Market size was valued at USD 3.8 billion in 2023 and is poised to grow from USD 4.16 billion in 2024 to USD 8.67 billion by 2032, growing at a CAGR of 9.6% during the forecast period (2025-2032).

The dashboard camera market is consolidated and highly competitive, with the existence of numerous small and major firms operating in both domestic and international markets. The industry's top players are embracing strategic collaboration initiatives to improve Dash Board Camera Market share and profitability. Some of the major players in the Dash Board Camera Market are Panasonic Corporation, Garmin Ltd, Harman International Industries Inc., and HP Development Company LP, among others. 'Garmin Ltd. (Switzerland) ', 'Panasonic Corporation (Japan) ', 'LG Innotek (South Korea) ', 'Robert Bosch GmbH (Germany) ', 'Continental AG (Germany) ', 'Valeo (France) ', 'Nextbase (UK) ', 'Blackvue (South Korea) ', 'Thinkware (South Korea) ', 'VIOFO (China) ', '70mai (China) (part of Xiaomi) ', 'DDPAI (China) ', 'Rexing (USA) ', 'Cobra Electronics Corporation (USA) ', 'YI Technology (China) ', 'Philips (Netherlands) ', 'HP Inc. (USA) ', 'Sony Corporation (Japan) ', 'Samsung Electronics Co., Ltd. (South Korea) ', 'Huawei Technologies Co., Ltd. (China)'

The demand for dash cameras has grown dramatically over the years as a result of reasons such as a rise in the frequency of traffic accidents and car thefts. These cameras can also help to avoid insurance fraud (including deliberately causing accidents to make false insurance claims). Furthermore, legislative reforms mandating the usage of dash cams in cars, as well as advantageous policies by car insurance companies offering discounts to vehicles equipped with dashboard cameras, are propelling the growth of this market.

Dual-channel dashboard cameras are becoming more popular than single-channel dashboard cameras. These cameras are becoming increasingly popular among owners of both private and business vehicles. Dual-channel dashcam systems include two cameras with high-resolution feeds for recording front and back video. Furthermore, the introduction of innovative technological applications by enterprises is propelling the Dash Board Camera Market growth. Thinkware, for instance, released the dual-channel Dash Cam F800 Pro, which has more functions than the F800 model. The updated dashcam has improvements such as improved power management for hard-wired installations and a new color design while maintaining the best-in-the-business night capture.

Europe had the largest Dash Board Camera Market share of more than 30% in 2021. Despite the fact that the region accounts for a major portion of worldwide demand for dashcams, many governments in the region have outright banned them. Due to high rates of accidents, major police corruption, unsafe road conditions, low cost, and the simple availability of technology, most people in nations like Russia install dashboard cameras in their personal automobiles. In nations such as Austria, Luxembourg, and Portugal, however, the use of recording devices or dashboard cameras is strictly prohibited, and violators may face severe penalties.