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Automotive Dashboard Camera Market Analysis Europe, North America, APAC, South America, Middle East and Africa - US, Russia, UK, China, Germany - Size and Forecast 2024-2028

Automotive Dashboard Camera Market Analysis Europe, North America, APAC, South America, Middle East and Africa - US, Russia, UK, China, Germany - Size and Forecast 2024-2028

Published: May 2024 170 Pages SKU: IRTNTR70676

Market Overview at a Glance

$9.87 B
Market Opportunity
34.28%
CAGR
25.64
YoY growth 2023-2024(%)

Automotive Dashboard Camera Market Size 2024-2028

The automotive dashboard camera market size is forecast to increase by USD 9.87 billion at a CAGR of 34.28% between 2023 and 2028.

  • The market is experiencing significant growth, driven by increasing adoption of multi-channel dashboard cameras and the rising popularity of connected technologies. These advancements enable real-time monitoring and data transmission, enhancing safety and convenience for drivers. However, inconsistent quality of automotive dashboard cameras remains a challenge, requiring stringent quality control measures from manufacturers. As technology continues to evolve, dashboard cameras are becoming essential tools for drivers, offering features such as accident recording, live streaming, and real-time alerts. The integration of artificial intelligence and machine learning algorithms further enhances the functionality of these devices, providing advanced driver assistance systems and improving overall road safety.

    • What will be the Size of the Automotive Dashboard Camera Market During the Forecast Period?

    Automotive Dashboard Camera Market Size

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  • The market is experiencing significant growth due to increasing concerns over vehicle security and the need for indisputable evidence in instances of car accidents, road mishaps, vehicle thefts, fraudulent insurance claims, and medical compensation. Dashboard cameras, also known as car DVRs, provide real-time monitoring and recorded footage that can serve as crucial evidence for insurance companies and vehicle owners. Blind spot detection and location tracking are additional features that enhance safety and fleet management for both individual car owners and fleet managers In the land transportation sector. Regulation withIn the automotive sector continues to evolve, with some vehicle manufacturers integrating dashboard cameras as standard equipment.
  • The market's expansion is driven by the rising number of car accidents and insurance costs, making dashboard cameras an essential investment for car owners seeking peace of mind and protection.

    • How is this Automotive Dashboard Camera Industry segmented and which is the largest segment?

    The automotive dashboard camera industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

    • Application
      • Passenger cars
      • Commercial vehicles
    • Product
      • Single channel
      • Dual channel
    • Geography
      • Europe
        • Germany
        • UK
      • North America
        • US
      • APAC
        • China
      • South America
        • Middle East and Africa

        By Application Insights

        • The passenger cars segment is estimated to witness significant growth during the forecast period.

        The rising number of road accidents and the subsequent need for visual evidence to validate insurance claims and prevent fraudulent activities are driving the demand for automotive dashboard cameras In the passenger car market. Insurance companies, particularly in Europe and Asia Pacific, offer discounts on insurance premiums for vehicles equipped with professionally installed dashboard cameras. These devices provide crucial evidence in case of potential collisions, road mishaps, or incidents, ensuring transparency and accountability. Additionally, dashboard cameras offer advanced features such as blind spot detection, collision avoidance systems, and real-time monitoring for commercial fleet operators and individual vehicle owners. These features enhance safety, improve efficiency, reduce fuel costs, and increase productivity.

        Dashboard cameras are also integrated with smart technology, including Wi-Fi-enabled models and mobile applications, to provide GPS location tracking and driver behavior monitoring. The automotive sector's increasing focus on safety and regulation further emphasizes the importance of dashboard cameras as a valuable investment for both commercial and individual vehicle owners.

        Automotive Dashboard Camera Market Size

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        The Passenger cars segment was valued at USD 995.50 billion in 2018 and showed a gradual increase during the forecast period.

        Regional Analysis

        • Europe is estimated to contribute 38% to the growth of the global market during the forecast period.

        Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

        Automotive Dashboard Camera Market Share by Geography

        For more insights on the market share of various regions, Request Free Sample

        Dashboard cameras, also known as car DVRs, are increasingly being adopted by vehicles owners and commercial fleet operators in Europe, particularly in countries like Russia, Germany, and the UK. The primary reason for this trend is the high incidence of road accidents and disputes over insurance claims, which has led to a significant number of false accusations. In Russia, where road safety and law enforcement are weak, dashboard cameras have become essential safety accessories due to the harsh road conditions and high rate of vehicle thefts and fatalities. As a result, dashboard cameras are being used to provide evidence in case of accidents, potential collisions, and road mishaps.

        Advanced features such as blind spot detection, collision avoidance systems, and real-time monitoring are also driving the demand for these devices. Dashboard cameras offer benefits such as efficiency improvement, fuel costs reduction, productivity increase, and insurance costs reduction through discounts for evidence provision. The automotive sector, including vehicle manufacturers and the Land Transportation Office, is also regulating the use of dashboard cameras to ensure safety and reduce fraudulent insurance claims. The market for dashboard cameras is expected to grow significantly due to the increasing demand for driver behavior tracking, location tracking, and advanced features such as Wi-Fi-enabled models and mobile applications with GPS.

        Market Dynamics

        Our  researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

        What are the key market drivers leading to the rise In the adoption of Automotive Dashboard Camera Industry?

        Increasing adoption of multi-channel dashboard cameras is the key driver of the market.

      • Dashboard cameras, also known as car DVRs, have gained significant traction In the automotive sector due to their role in enhancing vehicular safety and providing crucial evidence in various situations. These devices can record footage of car accidents, vehicle thefts, and other road mishaps, acting as a valuable tool for insurance companies in processing claims and preventing fraudulent activities. For individual vehicle owners and commercial fleet operators, dashboard cameras offer real-time monitoring, location tracking, and driver behavior tracking, leading to improved efficiency, reduced fuel costs, and increased productivity. Advanced features such as collision avoidance systems, blind spot detection, and advanced driver assistance systems further augment the appeal of these devices.
      • Multi-channel dash cams, with their high-resolution recording capabilities, wide-angle lenses, cloud connectivity, and built-in GPS, have gained popularity due to the growing concerns about road safety, insurance fraud, and the need for comprehensive video evidence in case of accidents or disputes.

        • What are the market trends shaping the Automotive Dashboard Camera Industry?

        Increasing popularity of connected technologies in dashboard cameras is the upcoming market trend.

      • The market is experiencing significant growth due to the increasing focus on vehicular safety and insurance claims. Dashboard cameras, also known as car DVRs, provide crucial evidence in cases of vehicle thefts, fraudulent insurance claims, and road accidents. Insurance companies are increasingly encouraging the use of these devices to reduce insurance costs and provide medical compensation to claimants. Automotive companies and commercial fleet operators are also investing in dashboard cameras for real-time monitoring, location tracking, and driver behavior tracking to improve efficiency, reduce fuel costs, and increase productivity. Advanced features such as blind spot detection, collision avoidance systems, and driver assistance features are becoming increasingly popular In the automotive sector.
      • The market is segmented into basic features and advanced features, with the smart technology segment showing the most potential for growth. Wi-Fi-enabled models and mobile applications are also gaining popularity, allowing consumers to easily access recorded footage and monitor their vehicles remotely. GPS technology is also integrated into many dashboard cameras, providing additional benefits such as journey tracking and incident detection. Fleet managers can use this data to optimize routes, improve driver behavior, and reduce accidents. For individual vehicle owners, dashboard cameras offer peace of mind and protection against potential collisions and road mishaps. The market is expected to continue growing due to increasing regulation and the increasing importance of safety and security In the automotive industry.
      • The Land Transportation Office and OEMs are also offering franchises and sales of dashboard cameras to meet the growing demand. Overall, the adoption of automotive dashboard cameras is a smart investment for both commercial and individual vehicle owners.

        • What challenges does the Automotive Dashboard Camera Industry face during its growth?

        Inconsistent quality of automotive dashboard cameras is a key challenge affecting the industry growth.

      • Dashboard cameras, also known as Car DVRs, have gained significant traction In the automotive sector due to their role in enhancing vehicular safety and providing crucial evidence in various situations. These devices are increasingly being adopted by both commercial fleet operators and individual vehicle owners to mitigate risks associated with insurance claims, vehicle thefts, and fraudulent claims. The recorded footage from dashboard cameras serves as valuable evidence in case of accidents or road mishaps, helping insurance companies assess liability and process claims more efficiently. Advanced features of dashboard cameras, such as blind spot detection, collision avoidance systems, and real-time monitoring, offer additional benefits for fleet managers, enabling location tracking, driver behavior tracking, and improving efficiency, reducing fuel costs, and increasing productivity.
      • The sales of dashboard cameras are on an upward trend In the automotive sector, driven by the increasing demand for advanced safety features and the need for evidence provision in case of accidents. The market for dashboard cameras is segmented into single-channel and multi-channel products. Single-channel cameras have one camera, while multi-channel cameras offer multiple recording angles, catering to the diverse needs of consumers. Wi-Fi-enabled models and mobile applications further enhance the usability of dashboard cameras, making them an essential investment for both commercial and personal use. In conclusion, dashboard cameras are a vital addition to modern vehicles, offering enhanced safety features, evidence provision, and cost savings for fleet operators and individual vehicle owners.
      • The market for dashboard cameras is expected to continue growing, driven by the increasing demand for advanced safety features and the need for evidence in insurance claims and other situations.

        • Exclusive Customer Landscape

        The automotive dashboard camera market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the automotive dashboard camera market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

        Automotive Dashboard Camera Market Share by Geography

         Customer Landscape

        Key Companies & Market Insights

        Companies are implementing various strategies, such as strategic alliances, automotive dashboard camera market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.

        70mai Co. Ltd. - The market encompasses a range of recording devices designed for in-vehicle surveillance. These devices, including the Dash Cam Omni, Dash Cam 4K A800S, and Dash Cam Lite 2, capture footage of a vehicle's interior and exterior, providing valuable evidence in case of accidents or theft. With advanced features such as high-definition recording, loop recording, and motion detection, these devices offer enhanced safety and security for drivers. The market for automotive dashboard cameras continues to grow as consumers seek innovative solutions to protect their vehicles and ensure peace of mind on the road.

        The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

        • 70mai Co. Ltd.
        • ABEO Technology Co. Ltd.
        • Anker Technology UK Ltd.
        • Apeman International Co. Ltd.
        • AUKEY Online
        • 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.
        • Pittasoft Co. Ltd.
        • Thinkware Corp.
        • VANTRUE
        • VIOFO Ltd.

        Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

        Research Analyst Overview

        The market encompasses a range of technologies designed to enhance vehicle safety and security. These devices, also known as dash cams, capture footage of a vehicle's journey, providing valuable evidence In the event of potential collisions or road mishaps. The market for these products has experienced significant growth in recent years due to various factors. One key driver of the market is the increasing concern for vehicular safety. With the number of motor vehicle crashes and resulting fatalities on the rise, there is a growing demand for technologies that can help prevent accidents or provide evidence In the event of one.

        Dashboard cameras offer a solution by recording footage of the road ahead, providing valuable evidence in case of an accident or insurance claim. Another factor contributing to the growth of the market is the potential for cost savings for both commercial fleet operators and individual vehicle owners. By using dash cams for real-time monitoring, fleet managers can improve efficiency, reduce fuel costs, and increase productivity. Additionally, some insurance companies offer discounts for vehicles equipped with dash cams, as the recorded footage can help prove fault In the event of an accident and reduce fraudulent insurance claims. The automotive sector has also seen a shift towards the integration of smart technology in vehicles.

        Dashboard cameras are no exception, with wi-fi-enabled models and mobile applications becoming increasingly popular. These advanced features allow for easy access to footage and real-time monitoring, making dash cams more convenient and useful for consumers. The market can be segmented into several categories based on features and applications. The basic features segment includes 1-channel products, which record footage from a single camera angle. The advanced features segment includes multi-channel cameras, which offer multiple recording angles, and cameras with driver assistance features such as blind spot detection and collision avoidance systems. The market for automotive dashboard cameras is not limited to developed regions.

        Developing regions are also seeing significant growth In the market, as the demand for safer and more secure vehicles increases. The market is expected to continue growing In the coming years, as more and more consumers and commercial users recognize the benefits of these technologies. In conclusion, the market is a growing industry that offers a range of benefits for both individual vehicle owners and commercial fleet operators. From enhancing vehicular safety to reducing insurance costs and improving productivity, dash cams provide valuable solutions for the automotive sector. With the integration of smart technology and the increasing demand for safer and more secure vehicles, the market for automotive dashboard cameras is poised for continued growth.

        Market Scope

        Report Coverage

        Details

        Page number

        170

        Base year

        2023

        Historic period

        		 2018-2022

        Forecast period

        2024-2028

        Growth momentum & CAGR

        Accelerate at a CAGR of 34.28%

        Market growth 2024-2028

        USD 9869.1 million

        Market structure

        Fragmented

        YoY growth 2023-2024(%)

        25.64

        Key countries

        US, Russia, UK, China, and Germany

        Competitive landscape

        Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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        What are the Key Data Covered in this Automotive Dashboard Camera Market Research and Growth Report?

        • CAGR of the Automotive Dashboard Camera industry during the forecast period
        • Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
        • Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
        • Accurate predictions about upcoming growth and trends and changes in consumer behaviour
        • Growth of the market across Europe, North America, APAC, South America, and Middle East and Africa
        • Thorough analysis of the market’s competitive landscape and detailed information about companies
        • Comprehensive analysis of factors that will challenge the automotive dashboard camera market growth of industry companies

        We can help! Our analysts can customize this automotive dashboard camera market research report to meet your requirements.

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        Table of Contents not available.

        Research Methodology

        Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

        INFORMATION SOURCES

        Primary sources

        • Manufacturers and suppliers
        • Channel partners
        • Industry experts
        • Strategic decision makers

        Secondary sources

        • Industry journals and periodicals
        • Government data
        • Financial reports of key industry players
        • Historical data
        • Press releases

        DATA ANALYSIS

        Data Synthesis

        • Collation of data
        • Estimation of key figures
        • Analysis of derived insights

        Data Validation

        • Triangulation with data models
        • Reference against proprietary databases
        • Corroboration with industry experts

        REPORT WRITING

        Qualitative

        • Market drivers
        • Market challenges
        • Market trends
        • Five forces analysis

        Quantitative

        • Market size and forecast
        • Market segmentation
        • Geographical insights
        • Competitive landscape

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        Frequently Asked Questions

        Automotive Dashboard Camera market growth will increase by $ 9869.1 mn during 2024-2028.

        The Automotive Dashboard Camera market is expected to grow at a CAGR of 34.28% during 2024-2028.

        Automotive Dashboard Camera market is segmented by Application( Passenger cars, Commercial vehicles) Product( Single channel, Dual channel, APAC, South America, MEA)

        70mai Co. Ltd., ABEO Technology Co. Ltd., Anker Technology UK Ltd., Apeman International Co. Ltd., AUKEY Online, 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., Pittasoft Co. Ltd., Thinkware Corp., VANTRUE, VIOFO Ltd. are a few of the key vendors in the Automotive Dashboard Camera market.

        Europe will register the highest growth rate of 38% among the other regions. Therefore, the Automotive Dashboard Camera market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.

        US, Russia, UK, China, Germany

        • Increasing adoption of multi-channel dashboard camerasDriving behavior and road traffic crashes can be captured and recorded with the help of dashboard cameras. Most of the collisions and driver distractions can be captured by installing a forward-facing (single channel) dashboard camera. Additionally is the driving factor this market.
        • various advanced single-channel dashboard cameras can start recording video as soon as they detect any break-in or movement in a parked vehicle. This helps in reducing the cases of vandalism.Key features driving the adoption of multi-channel dash cams include:High-resolution recording (2K or 4K) for clear and detailed footageWide-angle lenses to cover a bigger area and record blind spotsCloud connectivity or cellular support for remote access to footageAdvanced driver assistance system (ADAS) features like collision warningsParking mode to detect motion or impacts while the vehicle is parkedBuilt-in GPS to record speed and location for insurance claimsThe increasing popularity of multi-channel dash cams can be attributed to growing concerns about road safety is the driving factor this market.
        • insurance fraud is the driving factor this market.
        • and the desire for comprehensive video evidence in case of accidents or disputes. As technology continues to advance and prices become more affordable is the driving factor this market.
        • the adoption of these multi-faceted dash cams is expected to accelerate further in the coming years.These factors are increasing the demand for dual-channel or multi-channel dashboard cameras. Dual-channel dashboard cameras can record the events from vehicles front end and rear end as well as its interior. There are three-channel dashboard cameras that can capture the front end is the driving factor this market.
        • rear end is the driving factor this market.
        • and vehicle interiors. Most dual-channel or multi-channel dashboard cameras are single devices that consist of cameras on either side. However is the driving factor this market.
        • the dual-channel dashboard cameras used in heavy-duty trucks and trailers are two separate cameras that are installed on the windshield and at the rear end of the vehicle. In addition to the above-mentioned factors is the driving factor this market.
        • insurance providers also play a significant role in the increasing adoption of multi-channel dashboard cameras. For instance is the driving factor this market.
        • the discounts on insurance premiums for vehicles installed with dashboard cameras are calculated based on the type of camera and its recording quality. The multi-channel dashboard cameras that can record high-quality video in multiple directions usually cost more than single-channel dashboard cameras. Thus is the driving factor this market.
        • the increasing adoption of multi-channel dashboard cameras is expected to augment the growth of the market during the forecast period. is the driving factor this market.

        The Automotive Dashboard Camera market vendors should focus on grabbing business opportunities from the Passenger cars segment as it accounted for the largest market share in the base year.