North America Dashboard Camera Market Size

North America Dashboard Cameras Market Analysis

The North America Dashboard Camera Market is expected to register a CAGR of 15.4% during the forecast period 2022 to 2027. The market studied has expanded rapidly over the last few years due to a considerable rise in accidents and thefts, which have led to the government mandating the installation of dashcams.

• The driving assistance systems have recently gained popularity due to the drastic increase in the number of accidental fatalities reported in the last decade. The demand for better assistance systems to categorically judge imminent dangers and guide drivers has emerged as a viable product in the automotive sector.
• Although dash cams are available only in high-end automobiles from companies like Tesla, BMW, Mercedes-Benz, Volvo, and Cadillac, consumers are already familiar with them. Consumers are well aware of the potential security benefits of camera footage from dash cameras, body cameras, mobile phones, and doorbell cameras, thanks to an inflow of personal video in social and mainstream media in recent years.
• Autonomous cars with dashboard cameras offer increased data transparency, which is expected to relieve public fears and lead to safer deployments of driverless technology. Autonomous vehicles are already in use across the United States. In 2021, over 80 firms were actively testing more than 1,400 self-driving cars, trucks, and other vehicles in 36 states and Washington, DC.
• For example, in April 2021, two men were killed in Texas after a Tesla they were riding in crashed and caught fire, with neither of the guys in the driver's seat, according to investigators. At the same time, the National Highway Traffic Safety Administration announced that it was looking into nearly two dozen crashes involving Teslas that were either using or may have been using Autopilot. In such circumstances, dashcams become quite helpful for forensic purposes.
• Hence, dashboard cameras and the data captured can be used to upgrade the sensor and other technologies that power autonomous vehicles. Currently, most fully autonomous vehicles are in their testing phase. Several automobile industry giants, like BMW, Daimler, Volkswagen Group, and Volvo, are testing their self-driving cars.
• The COVID-19 outbreak and the associated lockdowns across the globe have affected industrial activities worldwide. Some effects of the lockdown include supply chain disruptions, the lack of availability of raw materials used in the manufacturing process, labor shortages, fluctuating prices, and shipping problems.