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According to the latest report by IMARC Group “Dashboard Camera Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global dashboard camera market size reached US$ 3.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.6 Billion by 2027, exhibiting a growth rate (CAGR) of 13.62% during 2022-2027.
A dashboard camera, also known as a dashcam, is a forward-facing onboard device that provides a video image of the interior and surroundings of the vehicle to the driver. It is generally mounted on the back of the rear-view mirror and comprises accelerometers, motion sensors, and a global positioning system (GPS). It is also equipped with date and time and night recording functionalities. It utilizes computer vision and artificial intelligence (AI) that offers insight to the driver. Apart from this, it provides a 360-degree view of the vehicle and helps in minimizing road rage, reporting reckless driving and harassment, and monitoring inexperienced drivers. In addition, an advanced dashboard camera provides real-time access to recordings of unwanted behavioral incidents, including dangerous and distracted driving. As a result, there is a significant rise in the demand for dashboard cameras across the globe.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
Significant growth in the automotive industry and the rising focus of automobile manufacturers on improving vehicle safety represent one of the key factors positively influencing the market. In addition, increasing standards of living and inflating disposable incomes are catalyzing the demand for automobiles with premium features. Moreover, the easy availability of dashboard cameras across online and offline distribution, coupled with free doorstep delivery and secured payment gateways, is propelling the market growth. In line with this, the integration of advanced technologies, such as seamless wireless connectivity, blind spot detection, collision avoidance system, and lane departure warning, is contributing to the market growth. In addition, the incorporation of artificial intelligence (AI) and vehicle telematics in dashboard cameras for real-time monitoring of external and internal environments is strengthening the growth of the market. AI dash camera alerts the driver in real-time in case a vehicle is approaching from behind at a fast speed and enables him to make an active decision for avoiding any collision.
This, along with embedded features, such as HD video recordings, sufficient video storage, and live streaming, is contributing to the market growth. Additionally, an increasing number of service providers and a surge in after-sale services are positively influencing the market. Besides this, the incorporation of an attractive outlook and the availability of various colors to complement the vehicle is attracting a wider consumer base and encouraging manufacturers to introduce more product variants. Moreover, increasing investments in various marketing strategies, such as banner advertising, social media promotion, and celebrity endorsements, are creating a favorable market outlook.
Breakup by Technology:
Basic
Advanced
Smart
Breakup by Product:
1-Channel
2-Channel
Rear View
Breakup by Video Quality:
SD and HD
Full HD and 4K
Breakup by Application:
Commercial Vehicle
Personal Vehicle
Breakup by Distribution Channel:
Online Stores
In-store
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape with Key Player:
ABEO Technology CO. Ltd
Aiptek International GmbH
Amcrest Technologies Llc
CNSLink Ltd.
Cobra Electronics Corporation (Cedar Electronics Corporation)
DigiLife Technologies Co. Ltd. (KYE Systems Corp.)
DOD Technologies Inc
Garmin Ltd.
LG Electronics Inc.
Panasonic Corporation
Pittasoft Co. Ltd.
Steelmate Co. Ltd.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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