PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1477179
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1477179
Dashboard Camera Market size was valued at USD 4,113.23 Million in 2023, expanding at a CAGR of 9.5% from 2024 to 2032.
The Dashboard Camera is designed to record vehicle surroundings and driver behavior. These devices offer real-time video recording, GPS tracking, and other features to enhance vehicle safety, security, and surveillance. The integration of advanced technologies such as artificial intelligence (AI) for enhanced video analytics and automated incident detection is driving the market growth. However, market growth is hindered by factors such as privacy concerns, legal regulations, and the availability of alternative solutions. Opportunities lie in the growing demand for connected cars, and, driving the adoption of dashboard cameras for vehicle monitoring and data analysis.
Dashboard Camera Market- Market Dynamics
Rising vehicle thefts propel on-road safety market growth
The surge in vehicle thefts has become a driving force behind the growth of the dashboard camera market. With rising concerns over vehicle security, consumers and businesses are increasingly turning to dashboard cameras as a proactive measure to enhance on-road safety. These cameras act as a deterrent against thefts and break-ins, providing visual evidence that can aid in investigations and help recover stolen vehicles. Advanced features like GPS tracking and remote monitoring further bolster their effectiveness in preventing theft incidents. As a result, the rising demand for enhanced on-road safety amidst increasing vehicle thefts is fueling the growth of the dashboard camera market.
Dashboard Camera Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 9.5% over the forecast period (2024-2032)
Based on Resolution segmentation, Full High Definition (FHD) resolution was predicted to show maximum market share in the year 2023
Based on Type of Mounting segmentation, Dashboard Mounted was the leading type in 2023
Based on Connectivity segmentation, Wireless (Wi-Fi, Bluetooth) connectivity was the leading type in 2023
Based on Storage Capacity segmentation, 64 GB storage was the leading type in 2023
Based on end-user segmentation, Personal Vehicles was the leading type in 2023
Based on region, North America was the leading revenue generator in 2023
The Global Dashboard Camera Market is segmented based on Resolution, Type of Mounting, Connectivity, Storage Capacity, End User, and Region.
The market is divided into four categories based on Resolution: Standard Definition (SD) offers basic recording resolution. High Definition (HD) provides improved clarity. Full High Definition (FHD) offers clearer, more detailed footage. Ultra High Definition (UHD) captures ultra-clear images and videos.
The market is divided into four categories based on Type of Mounting: Windshield Mounted: Installed for front-facing recording. Dashboard Mounted: Flexible positioning. Rearview Mirror Mounted: Discreet integration. Suction Cup Mounted: Easily attached and removed using suction cups.
Dashboard Camera Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
North America leads in dashboard camera adoption, driven by road safety awareness, vehicle theft concerns, and insurance purposes. Europe sees strong demand, especially in the UK, Germany, and France, due to stringent road safety regulations and increasing accidents. Asia Pacific emerges as a lucrative market with rapid automotive growth in China, Japan, and South Korea, fueled by rising income and road safety concerns. Latin America experiences moderate growth, with Brazil, Mexico, and Argentina witnessing increased adoption driven by urban commuters and safety initiatives. The Middle East and Africa present emerging opportunities, driven by improving road infrastructure and vehicle security concerns, particularly in the UAE, Saudi Arabia, and South Africa.
In the Dashboard Camera Market, key players such as Garmin Ltd., Panasonic Corporation, Thinkware Systems Corporation, and Cobra Electronics Corporation dominate the competitive landscape. These companies lead through extensive product offerings, technological innovation, and strategic partnerships. Additionally, emerging players are entering the market, driving competition and innovation further. Factors such as product quality, reliability, and user-friendly features play pivotal roles in determining market competitiveness. As dashboard cameras become increasingly popular for enhancing vehicle safety and security, competition among market players is expected to intensify, fostering continuous advancements and new market entries.
In April 2024, Crossbeats launched the Roadeye 2.0 dash cam, the second generation of the Roadeye dash cam has front and rear view cameras and advanced features for driver safety.
In April 2024, Thinkware introduced a new series of dash cams, featuring its most compact model to date. The ARC is a dual-channel dashcam equipped with front and rear cameras.
GLOBAL DASHBOARD CAMERA MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
BlackVue
Cobra Electronics Corporation
Falcon Zero LLC
Garmin Ltd.
Mio Technology Corporation
Motorola Solutions, Inc.
Nextbase UK
Owl Cameras Inc.
Panasonic Corporation
Papago Inc.
Rexing Inc.
Street Guardian USA
THINKWARE
Transcend Information, Inc.
VIOFO Limited
YI Technology
Others