The global automotive dashboard cameras market size was estimated to be US$ 2.93 billion in 2020 and is expected to reach US$ 10.23 billion by 2032 at a CAGR of 12.1%.
Dashboard cameras are dedicated, small, and accessible aboard video capture cameras which capture the image through the front dashboard of such a car. Due to the apparent rising frequency of carjackings and the desire for constitutional safety in the case of a vehicle collision, the market for these cameras has skyrocketed. The device's footage is being utilized to give evidence for compensation claims and financial fraud. Furthermore, insurance carriers offer reductions on insurance for automobiles with dashboard cameras, which has a beneficial impact on sales.
Since commercial transportation has been the most widely utilized mode of public transit, guaranteeing passenger safety is a unique problem. Dashboard cameras have been shown to cut the cost of genuine claims by over 50% and defend against potential safety and security threats on a vehicle. Dashboard cameras are being promoted by several business cars to keep insurance premiums low. As a result, rising demand for low-cost claims propels the automobile dashboard camera market forward.
North America contributed a dominating share to the Global Automotive Dashboard Cameras Market in 2019, followed by Europe. A group of American companies has devised an unusual business model in which drivers are rewarded financially by putting dashboard cameras in their automobiles. As a result, a growing number of ride-hailing companies, such as Lyft and Uber, have begun to use in-car DVRs to record their travels across North America. Asia Pacific is anticipated to witness gripping demand through the forecast period. Japan, China and India would lead this growth owing to awareness across drivers.
Automotive Dashboard Cameras Market Share Analysis, by Geography (2021)
The report titled "Global Automotive Dashboard Cameras Market - Global Market Share, Trends, Analysis and Forecasts, 2022-2032", wherein 2020 is historic period, 2021 is the base year and 2022 to 2032 is forecast period. Additionally, the study considers the competitive landscape, wherein the report would provide a company overview and market outlook for leading players in the global automotive dashboard cameras market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive for all the major players operating in the market.
The global automotive dashboard cameras market is segmented based on my application by view type, technology, vehicle type and class, and geography. Based on the application as ADAS and Park Assists. The global automotive dashboard cameras market is segmented into Multi-Camera System and Single View System by view type. The global automotive dashboard cameras market is segmented into thermal, digital, and infrared cameras based on technology. Based on vehicle type and class, the global automotive dashboard cameras market is segmented into passenger cars as the economy vehicle, mid-priced vehicle, luxury vehicle and under the commercial vehicle as a light commercial vehicle, and heavy commercial vehicle. The global automotive dashboard cameras market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America based on geography.
The research provides an in-depth analysis of prominent players holding the majority share of the global market, focusing on all operating business segments and identifying the company's segment focusing on compounding pharmacy products. Further, the market share of prominent companies in the global automotive dashboard cameras market would also be estimated. The study considers the critical competitive information such as business strategy, product portfolio, fundamental development, SWOT analysis, and research and development focus of all the compounding pharmacy companies.
The global automotive dashboard cameras market study would consider the participants engaged throughout the supply chain and value chain of the market, along with their contribution. The product portfolio would focus on all the products under the relevant business segment of the company. Similarly, the recent development section would focus on the company's latest developments such as strategic alliances and partnerships, merger and acquisition, new product launches, and geographic expansion in the global automotive dashboard cameras market.
Major players active in the global automotive dashboard cameras market include Garmin Ltd., Aptiv PLC, Xiaomi, Valeo SA, Koninklijke Philips N.V, Intensity Security, Waylens Inc., JVCKENWOOD Corporation
Segmentation:
By Application:
By View type:
By Technology:
By Vehicle Type and Class:
By Geography
The global automotive dashboard cameras market size was estimated to be US$ 2.93 billion in 2020.
Automotive Dashboard Cameras market is expected to grow at 12.1% CAGR through 2032.
Garmin Ltd., Aptiv PLC, Xiaomi, Valeo SA, Koninklijke Philips N.V, Intensity Security, Waylens Inc., JVCKENWOOD Corporation.
North America is mature in terms of deployment of dashboard cameras.
The major applications of Automotive Dashboard Cameras include ADAS Park and Assists.
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