The global Dashboard camera Market is project worth $6.0Billion by 2026 and the market is projected to showcase 14.1% CAGR during the forecast period. The market is driven by increasing consciousness among the global populace about vehicular safety.
The global need for dash cams is anticipated to witness a considerable increase due to increasing inclination among motorists for such devices in order to seek additional legal protection in case of accidents and road accidents. There has been a surge in consciousness about the benefits of car digital video recorders (DVRs) among the global population, which is credited to frequent news incidences displaying footage of road accidents and crashes captured by such gadgets.
A numeral of European nations, for instance U.K., France, and Italy are boosting the usage of digital video recorders (DVRs) in cars to record video clips for surveillance purposes that can also be ultimately deployed as evidence in judicial proceedings. Numerous car insurance providers operating across U.K. have started delivering substantial discounts on car insurance premiums for vehicles fitted with dashboard cameras. As a result of this, a mainstream of cab drivers and fleet owners in the nation are positively inclined regard installation of such cameras to save on insurance premium costs.
Market By Product
Market By Technology
Market By Video Quality
Market By Geography
Europe and North America are characterized by speedy acceptance of full HD dashboard cameras that fast replacing SD dashboard cameras. 2-channel dashboard cameras are progressively preferred by commercial fleet operators to seek additional protection against cases of worker fraud and in the event of a mishap.
In 2018, the Europe industry captured for the largest share, both in terms of revenue and shipments. Asia Pacific and Middle East are anticipated to observer significant development over the forecast timeframe due to increase in sale of passenger automobiles. Focussed presence of dash cam producers and their superior production capabilities and abundant availability of inexpensive labour in Asian nation for instance, China and Taiwan and are anticipated to boost the Asia Pacific market.
Asia Pacific is expected to spectator lucrative CAGR in the forthcoming years. Developing economies for instance, China, and India have been experiencing strong economic development. Growing standard of living in these nations has encouraged the need for progressive products and procedures
Market companies are concentrating on implementing new strategies for instance regional expansion, partnerships, mergers and acquisitions, new product launches, and distribution agreements to surge their revenue share. The major players associated with the dashboard camera market are Panasonic Corporation, Pittasoft Co. Ltd., Cobra Electronics Corporation, Garmin Ltd., ABEO Technology, Falcon Zero LLC. And DOD Tech.