PUBLISHER: 360iResearch | PRODUCT CODE: 1496720
PUBLISHER: 360iResearch | PRODUCT CODE: 1496720
[189 Pages Report] The Automotive Dashboard Camera Market size was estimated at USD 8.76 billion in 2023 and expected to reach USD 9.89 billion in 2024, at a CAGR 13.00% to reach USD 20.61 billion by 2030.
The automotive dashboard cameras are designed to record sounds and images while the vehicle is being driven. The purpose is to provide video evidence in the event of an accident, to capture unusual events on the road, and to improve driving safety. These are predominantly used in private vehicles, commercial vehicles, law enforcement vehicles, and for insurance claim purposes. They serve as crucial eyewitnesses for accidents, deterrence for theft and vandalism, and as a tool for driver coaching and safety training. Rise in awareness of road safety, advancements in camera technology, declining prices of dashboard cameras, and the growing popularity of ride-sharing services drive the market growth . legislative changes requiring the use of dashboard cameras and insurance incentives for installation have also contributed significantly. Moreover, a high rate of road accidents, stringent vehicle safety regulations, or high insurance fraud rates has accelerated its installation. However, demand spans from low-end, consumer-grade products to high-end, multi-camera systems with advanced features such as GPS tracking, night vision, and automatic incident detection. Opportunities in the automotive dashboard camera market lie in the integration of advanced driver-assistance systems (ADAS), development of cameras with AI capabilities for real-time incident analysis, and expansion into emerging markets with untapped potential. Cloud storage services and video telematics for fleet management are also areas with substantial growth potential. Additionally, areas of innovation include research into battery life enhancement for uninterrupted recording, camera miniaturization, improved low-light image processing, and seamless integration with vehicle systems. Research into non-intrusive installation methods and the utilization of dashboard cameras for data analytics to understand driving patterns are also promising areas for further development.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 8.76 billion |
Estimated Year [2024] | USD 9.89 billion |
Forecast Year [2030] | USD 20.61 billion |
CAGR (%) | 13.00% |
Regional Insights
The automotive dashboard camera market is experiencing robust growth, driven by heightened vehicle safety awareness, advancements in autonomous vehicles, and increased vehicle numbers globally. The Asia Pacific region is at the forefront, with China, Japan, and India fueling demand for technologically advanced dash cams. In contrast, the Americas, notably the U.S. and Canada, prioritize legal and insurance benefits leading to market maturity. The EMEA region's growth is diverse, with Europe's strong regulatory frameworks and the Middle East's luxury-driven market. Innovations in AI, ADAS, and cloud storage are meeting diverse consumer needs, with strategic partnerships, R&D, and intellectual property filings signaling vibrant competition and regional opportunities. Manufacturers face varied regulations, like Europe's GDPR, propelling strategic alliances, product enhancements, and innovation to comply and improve user experiences. The developed market's saturation poses challenges, whereas emerging markets offer potential for strategic market entry and brand establishment. Noteworthy innovations and strategic plans will remain pivotal as dash cam solutions become integral to automotive safety and insurance landscapes.
Market Insights
The market dynamics represent an ever-changing landscape of the Automotive Dashboard Camera Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
FPNV Positioning Matrix
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Automotive Dashboard Camera Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Automotive Dashboard Camera Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments
Ficosa and indie Semiconductor Partner on AI-based Automotive Camera Solutions for Enhanced Safety
indie Semiconductor, Inc. an Autotech solutions innovator, and Ficosa, a leading global company dedicated to the research, development, production, and marketing of advanced vision, safety and efficiency solutions for the automotive industry, have executed a collaboration agreement to develop and commercialize automotive camera solutions deploying neural network-based (NN) artificial intelligence (AI) processing. Partnership is expected to yield scalable neural network-based camera solutions for edge sensing, further supporting the latest automotive safety regulations. [Published On: 2024-01-04]
Qubo Launches Two New Dashcams, GPS Trackers for cars and bikes
Qubo, the smart device brand owned by Hero Electronix, has launched GPS trackers for cars and bikes, as well as two new dashcam models. The GPS trackers offer real time location tracking, alerts for unexpected activity, and AI-based accident detection. The dash cams come with features such as Full HD recording, rotatable design, and low-light performance. [Published On: 2023-10-05]
DDPAI Launches N1 Dual Dash Cam
DDPAI newly unveiled N1 Dual dash cam, which has front and rear wide-angle dual lenses. Enhanced by DDPAI's proprietary NightVIS technology, parking mode, and IPS intelligent power management system, this state-of-the-art device ensures your vehicle's safety, giving you unparalleled security. [Published On: 2023-09-05]
Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Automotive Dashboard Camera Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Automotive Dashboard Camera Market, highlighting leading vendors and their innovative profiles. These include ABEO Technology Co., Ltd., Amcrest Technologies, LLC, Cedar Electronics, Chameleon Codewing Ltd., Continental AG, DENSO TEN Limited, DOD Technologies, Falcon Electronics LLC, Garmin Ltd., Harman International Industries, Incorporated, Hewlett Packard Enterprise Company, JVCKENWOOD Corporation, Koninklijke Philips N.V., LG Electronics, Lytx, Inc., Nextbase, Panasonic Holdings Corporation, Pittasoft Co., Ltd., Samsara Inc., See The Fleet, Shenzhen Daza Innovation Technology Co. Ltd., Steelmate Automotive (UK) Ltd., Valeo SA, Verizon, Waylens, Inc., and Xiaomi Corporation.
Market Segmentation & Coverage