Global Dash Board Camera Market

Global Dash Board Camera Market Size, Share, Growth Analysis, By Technology(Basic, Advanced), By Product(Single-channel, Dual-channel) - Industry Forecast 2024-2031

Report ID: SQSG25A2001 | Region: Global | Published Date: April, 2024
Pages: 165 | Tables: 63 | Figures: 75

Global Dash Board Camera Market News

  • In May 2022, Hero Electronix launched the Qubo Smart Dash Cam in India. The webcam has a 6-axis G-sensor that can detect a sudden tremor or impact and record it in the event file. This event file can be accessed using the Qubo App on the user's phone. This is the first product from Qubo in the Auto Tech category.
  • In January 2022, Nextbase announced its next-generation iQ series of smart dash cams at CES 2022. The new iQ models boost safety and security with the addition of 4G LTE connectivity.
  • In March 2021, Garmin LTD introduced its first dual-camera dashcam. With its unusually broad 180-degree angle, this lens, also known as a 'cabin view camera' on the Nextbase series two dashcams, allows users to capture what's going on inside the automobile.
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Global Dash Board Camera Market size was valued at USD 3.38 billion in 2019 and is poised to grow from USD 3.7 billion in 2023 to USD 7.6 billion by 2031, growing at a CAGR of 9.5% in the forecast period (2024-2031).

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. 'ABEO Company Co. Ltd. (Taiwan)', 'Garmin', 'Panasonic Corporation', 'Sony Corporation', 'HP Inc.', 'LG Electronics Inc.', 'Koninklijke Philips N.V.', 'Transcend Information, Inc.', 'Cobra Electronics Corporation', 'Xiaomi Corporation', 'Qrontech Co. Ltd.', 'Thinkware Corporation', 'Papago Inc.', 'Fine Digital Inc.', 'DOD Tech Co. Ltd.', 'Aiptek International Inc.', 'Papago Inc.', 'Lukas Systems LLC', 'Blackvue', 'Vicovation Inc.'

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.

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Global Dash Board Camera Market

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