Dashboard Camera Market - Growth, Trends, and Forecast (2019 - 2024)

The Dashboard Camera Market is segmented by Product Type (Single-channel, Dual-channel, and Rear-view), Technology (Basic and Smart), and Region.

Market Snapshot

dashboard
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

Key Players:

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Market Overview

The dashboard camera market was valued at USD 2,519 million in 2018, and it is expected to register a CAGR of 15.4% during the forecast period of 2019-2024. The market studied has expanded rapidly over the past few years, due to a considerable rise in the number of accidents and thefts, which have led to various governments mandating the installation of dashcams. 

  • The expansion of the market studied was further supported by the increase in automobile sales, globally. As the automotive sector is evolving consistently, integration of dashcams has become a prominent trend worldwide.
  • Driving assistance systems have gained popularity recently, owing to the drastic rise in the number of accidental fatalities that have been reported in the past decade. The demand for better assistance systems to categorically judge imminent dangers and guide drivers has emerged as viable products in the automotive sector. 
  • Several insurance companies are contributing to the increase dashboard camera sales by offering discounts on car insurance premiums to customers. The demand for dashcams is also increasing, as it can reduce insurance frauds or claims by capturing video events. 

Scope of the Report

Dashboard cameras are onboard cameras that continuously record the view through a vehicle's front windscreen and sometimes rear or other windows. The important benefits of vehicle dashboard cameras are their accident recording capabilities. They help to capture vehicle collations on video, which ensures that there is always a witness around. Besides, many people have used accident footage to prove that they were not wrong. Dashcams are also placed on truck dashboards, which help to record front-facing videos. Besides, advanced dashcams can record rear views, and some are equipped with specialized sensors to support more effective night time recordings. 

By Technology
Basic
Smart
By Product Type
Single-channel
Dual-channel
Rear-view
Geography
North America
US
Canada
Europe
Germany
UK
France
Russia
Italy
Spain
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
UAE
Rest of Middle East & Africa

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Key Market Trends

Dual-channel Cameras to Witness Major Growth

Multi-lens dashboard cameras represent a lucrative segment to invest in for dashboard camera manufacturers. There has been an increasing preference for dual-channel dashboard cameras over single-channel dashboard cameras. 

These cameras are gaining popularity among private and commercial vehicle owners. Dual-channel dashcam systems comprise of two cameras with high-resolution feed, for front and rear video recording. 

Companies are continuously innovating, to develop their offerings and to leverage this opportunity. For instance, Thinkware launched a two-channel (2CH) dashcam F200 that records in full HD 1080p with wide dynamic range (WDR) and offers 720p HD at the rear. It also has a built-in Wi-Fi functionality, which allows drivers to connect the dashcam directly to their smartphone, adjust settings, and easily download footage.

dashboard

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China to Witness Highest Growth

China is expected to overtake the United States as the world’s largest premium car market, thus creating a significant potential for the growth of the market studied. The Chinese automotive industry is expected to witness rapid technological evolution over the next few years, owing to the ongoing safety trend that is evident in North America and Europe. Particularly in the dashcam market, the country witnessed a 20% rise in sales in recent years, due to the increasing demand from insurance frauds. While the adoption of normal dashcams in the country is high, the manufacturers in the country are providing more enhanced solutions, like modern cameras equipped with Wi-Fi, ADAS, and real streaming media mirror.

dashboard

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Competitive Landscape

The dashboard camera market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with prominent shares in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market shares and profitability. In October 2017, Papago introduced new dashcams - Gosafe S37, Gosafe S780, and Papago Ray - at the world’s biggest automotive products show, SEMA. In January 2018, Garmin announced the launch of Garmin Speak Plus with Amazon Alexa, by adding a built-in dash camera to its innovative Garmin Speak.

Major Players

  1. Garmin Ltd
  2. Panasonic Corporation
  3. Harman International Industries Inc.
  4. Papago Inc.
  5. HP Development Company LP

* Complete list of players covered available in the table of contents below

dashcam

Download the market shares of key players in this industry.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness- Porter's Five Forces Analysis

      1. 4.2.1 Threat of New Entrants

      2. 4.2.2 Bargaining Power of Buyers/Consumers

      3. 4.2.3 Bargaining Power of Suppliers

      4. 4.2.4 Threat of Substitute Products

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Introduction to Market Drivers and Restraints

    5. 4.5 Market Drivers

      1. 4.5.1 Increase in Automobile Sales

      2. 4.5.2 Favorable Insurance Policies

      3. 4.5.3 Increase in the Number of Road Accidents and Thefts

      4. 4.5.4 Favorable Dashboard Camera Installation Mandates

    6. 4.6 Market Restraints

      1. 4.6.1 Reliability and Privacy Issues

      2. 4.6.2 Laws Restricting the Use of Dashcams in Some Countries

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Technology

      1. 5.1.1 Basic

      2. 5.1.2 Smart

    2. 5.2 By Product Type

      1. 5.2.1 Single-channel

      2. 5.2.2 Dual-channel

      3. 5.2.3 Rear-view

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 US

        2. 5.3.1.2 Canada

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 UK

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Spain

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Japan

        4. 5.3.3.4 South Korea

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 Latin America

        1. 5.3.4.1 Argentina

        2. 5.3.4.2 Brazil

        3. 5.3.4.3 Mexico

        4. 5.3.4.4 Rest of Latin America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 UAE

        4. 5.3.5.4 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Garmin Ltd

      2. 6.1.2 Panasonic Corporation

      3. 6.1.3 Aiptek Inc.

      4. 6.1.4 ABEO Company Co. Ltd

      5. 6.1.5 Harman International Industries, Inc.

      6. 6.1.6 DOD Tech

      7. 6.1.7 Papago Inc.

      8. 6.1.8 Steelmate Automotive (UK) Ltd

      9. 6.1.9 HP Development Company LP

      10. 6.1.10 LG Electronics Inc.

    2. *List Not Exhaustive
  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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