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Dashboard Camera Market Status by Upcoming Trends 2020 Growth Drivers | Competitive Strategy, Regional Outlook with SWOT Analysis till 2024 – Market Research Posts

The “Dashboard Camera Market” report covers the overview of the market and presents the information on business development, market size, and share scenario. The report also emphasizes on the growth prospects of the global Dashboard Camera market for the period 2020-2024. The report covers market characteristics for each segmentation across the key regions and country and traces the historic and forecast analysis of the industry. The report covers key vendors their revenue, breakdown by regions, and product demand. Other key details include volume, installed capacity, value chain.

Dashboard Camera Market Dynamics: –

  • Drivers: (Developing regions and growing markets)
  • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
  • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

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Dashboard Camera Market Segmentation by Top Key Players:

  • Garmin Ltd.
  • Panasonic Corporation
  • Aiptek Inc.
  • ABEO Company Co. Ltd
  • Harman International Industries, Inc.
  • DOD Tech
  • Papago Inc.
  • Steelmate Automotive (UK) Ltd
  • HP Development Company LP
  • LG Electronics Inc.

    Market Overview:

  • The global dashboard camera market was valued at USD 2519 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 last 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 last decade. The demand for better assistance systems to categorically judge imminent dangers, and guide drivers has emerged as viable product in the automotive sector.
  • Several insurance companies are contributing to the increase in 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 on 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 dash cameras are its accident recording capabilities. It helps 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’ dashboard which help to record front facing videos. Besides, advanced dash cams can record rear views and some are equipped with specialized sensors to support more effective nigh time recordings.

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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 dash cam systems comprise two cameras with high-resolution feed, for front and rear video recording.

    Companies are continuously innovating, to develop their offerings and 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 dash cam directly to their smartphone, to adjust settings and easily download footage.

    China to Witness Highest Growth

    China is expected to overtake the United States as the world’s largest premium car market, 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 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.

    The report provides key statistics on the market status of the Dashboard Camera Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Dashboard Camera.

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    Key Insights of Dashboard Camera Market:

    • Complete in-depth analysis of the Dashboard Camera
    • Important changes in market dynamics.
    • Segmentation analysis of the market.
    • Emerging segments and regional markets.
    • Historical, on-going, and projected market analysis based on volume and esteem.
    • Assessment of niche industry players.
    • Market share analysis.
    • Key strategies of major players

    Dashboard Camera Market Report Covers Following Points in TOC:

    • Chapter 1: Dashboard Camera Market Definition
    • Chapter 2: Research Methodology of Dashboard Camera Market
    • Chapter 3: Dashboard Camera Market Executive Summary
    • Chapter 4: Dashboard Camera Market Overview Includes Current Market Scenario, Porter’s Five Forces Analysis, Bargaining Power of Suppliers and Consumers, Threat of New Entrants and Substitute Product and Services
    • Chapter 5: Market Dynamics Covers Drivers, Restraints, Opportunities and Challenges
    • Chapter 6: Dashboard Camera Market Segmentation by Types, End-User, and Applications Forecast to 2024
    • Chapter 7: Dashboard Camera Market Segmentation by Geographical Regions
    • Chapter 8: Competitive Landscape of Dashboard Camera Market Includes Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships, New Products Launches
    • Chapter 9: Key Players for Dashboard Camera Market

    For Detailed TOC Click Here

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