NEW
YORK, June 25, 2024 /PRNewswire/ -- The global
automotive dashboard camera market size is estimated to grow
by USD 9.86 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 34.28% during the forecast
period. Increasing adoption of multi-channel dashboard
cameras is driving market growth, with a trend
towards increasing popularity of connected technologies in
dashboard cameras. However, inconsistent quality of automotive
dashboard cameras poses a challenge. Key market players
include 70mai Co. Ltd., ABEO Technology Co. Ltd., Anker Technology
UK Ltd., Apeman International Co. Ltd., AUKEY Online, Cedar
Electronics Corp., DOD Tech, Garmin Ltd., Harman International
Industries Inc., HP Inc., JVCKENWOOD Corp., MiTAC Holdings Corp.,
Nexar Ltd., Nextbase, Panasonic Holdings Corp., PAPAGO Inc.,
Pittasoft Co. Ltd., Thinkware Corp., VANTRUE, and VIOFO Ltd..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Application (Passenger
cars and Commercial vehicles), Product (Single channel and Dual
channel), and Geography (Europe, North America, APAC, South
America, and Middle East and Africa)
|
Region
Covered
|
Europe, North America,
APAC, South America, and Middle East and Africa
|
Key companies
profiled
|
70mai Co. Ltd., ABEO
Technology Co. Ltd., Anker Technology UK Ltd., Apeman International
Co. Ltd., AUKEY Online, Cedar Electronics Corp., DOD Tech, Garmin
Ltd., Harman International Industries Inc., HP Inc., JVCKENWOOD
Corp., MiTAC Holdings Corp., Nexar Ltd., Nextbase, Panasonic
Holdings Corp., PAPAGO Inc., Pittasoft Co. Ltd., Thinkware Corp.,
VANTRUE, and VIOFO Ltd.
|
Key Market Trends Fueling Growth
The automotive dashboard camera market is experiencing growth
due to the increasing adoption of connected technologies in the
industry. Connected infotainment, telematics, V2X technologies, and
remote diagnostics are driving this expansion. Companies like
Harman International and Pittasoft are offering connected dashboard
cameras with features such as remote surveillance, voice control,
and contextual alerts. The remote viewing capability of these
cameras enhances safety for parked vehicles. While the inclusion of
connected technologies increases costs, it also leads to
high-profit margins for vendors. Overall, the integration of
connected technologies in dashboard cameras is expected to
positively impact the market during the forecast period.
The Automotive Dashboard Camera market is experiencing
significant growth with the increasing demand for advanced safety
features in vehicles. These cameras provide real-time footage
during driving, enabling drivers to record incidents and improve
road safety. The use of vehicle dashboard cameras is becoming a
trend, with many manufacturers integrating them into their models.
The technology offers various features such as motion detection,
night vision, and video recording. Additionally, the adoption of
cloud technology allows for remote access and storage of footage.
The market for these devices is expanding, with companies focusing
on developing compact, high-quality cameras for consumer use. The
future of automotive dashboard cameras looks promising, with
advancements in technology set to enhance their functionality and
convenience.
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Market Challenges
- The automotive dashboard camera market offers various types of
cameras, including single-channel and multi-channel options.
Multi-channel cameras, such as dual-channel, dual-channel IR, and
3-channel models, have gained popularity due to their ability to
record video from multiple directions. This trend is driven by the
increasing use of dashboard camera footage as evidence in insurance
claims and for vehicle safety. High-resolution recording is
essential for clear footage, making multi-channel cameras the
preferred choice. However, the vast price range and lack of
regulations result in inconsistent camera quality, posing a
challenge to market growth.
- The Automotive Dashboard Camera market faces several
challenges. One key challenge is ensuring the fractional view of
footage from multiple cameras in real-time. Another challenge is
implementing advanced features like facial recognition and object
detection. Additionally, ensuring data security and privacy is
crucial in this market. Furthermore, integrating these cameras with
other vehicle systems and ensuring compatibility with various
vehicle models is a significant challenge. Lastly, keeping up with
the latest technology trends and consumer demands while maintaining
cost-effectiveness is a continuous challenge for market
players.
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challenges - Download a Sample Report
Segment Overview
This automotive dashboard camera market report extensively
covers market segmentation by
- Application
- 1.1 Passenger cars
- 1.2 Commercial vehicles
- Product
- 2.1 Single channel
- 2.2 Dual channel
- Geography
- 3.1 Europe
- 3.2 North America
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Passenger cars- The automotive dashboard camera
market is experiencing growth due to rising road traffic accidents
and the need for visual evidence. Insurance firms in Europe and APAC are offering discounts on
premiums for vehicles with professionally installed dashboard
cameras. Ride-hailing and ride-sharing services also contribute to
market growth. Dashboard cameras with GPS and G-force sensors are
available for commercial use. Insurance firms in the US accept
dashboard camera footage for claims. Fleet management companies use
connected technologies for remote driver monitoring. These factors
are driving the growth of the automotive dashboard camera
market.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
The Automotive Dashboard Camera Market has experienced
significant growth due to the increasing number of vehicle thefts
and fraudulent insurance claims. These devices, which include Car
DVRs and blind spot detection systems, provide recorded footage as
crucial evidence in cases of road mishaps and accidents. Vehicle
manufacturers and insurance companies have recognized the value of
these technologies in mitigating risks and reducing insurance
costs. The regulation of the automotive sector by the Land
Transportation Office has also contributed to the sales growth of
these products. Real-time monitoring and location tracking through
fleet management systems are additional benefits, making dashboard
cameras an essential tool for car owners and fleet managers
alike.
Market Research Overview
The Automotive Dashboard Camera market represents the latest
technology integration in the automotive industry. These devices,
also known as in-car cameras or dashcams, are gaining significant
popularity due to their ability to record footage while driving.
The market is driven by factors such as increasing road safety
concerns, growing demand for advanced driver assistance systems
(ADAS), and the rise of ride-hailing services. The market is
segmented based on product type, technology, and application. The
product type includes forward-facing, rear-facing, and 360-degree
dashboard cameras. The technology includes wired and wireless
dashboard cameras. The application includes personal use,
commercial use, and OEM use. The market is expected to grow at a
steady pace due to the increasing demand for enhanced safety
features and the growing trend of digitization in the automotive
industry.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Passenger Cars
- Commercial Vehicles
- Product
-
- Single Channel
- Dual Channel
- Geography
-
- Europe
- North America
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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