What is the global market size of Dash Board Camera Market?

The Global Dash Board Camera Market size was valued at USD 3.73 Billion in 2021, and it is expected to reach a value of USD 8.84 Billion by 2028, at a CAGR of 13.10% over the forecast period (2022 - 2028). Read More

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 Insights

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).

Digital video recorders (DVRs) or dashboard cameras (dash cameras or in-car cameras) are specialized portable onboard cameras that are connected to the interior of a vehicle's windscreen. Single-channel and dual-channel dash cameras are the two types of dashboard cameras. There are a variety of dashboard cameras available in the market, with features ranging from simple video records to cameras with date and time, G-forces, inbuilt GPS, and night recording.

The demand for dash cameras has grown dramatically over the years as a result of factors 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.

US Dash Board Camera Market is poised to grow at a sustainable CAGR for the next forecast year.

Global Dash Board Camera Market Report Snapshots

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

Global Dash Board Camera Market Insights

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