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Car dashboard cameras are used in vehicles, owing to the capabilities of recording high-quality footage of the road activities. This footage can be used as a proof in federal courts in cases of accidents for claiming insurance. These cameras need a memory card for storage space to store the clips. This technology is gaining popularity among vehicle owners due to the additional legal protection in cases of accidents and road fatalities. The increasing road accident rates are generating a demand for dash cameras globally. The growing awareness for vehicle & passenger safety systems among OEMs and consumers fuels the car dash camera market growth.
Market scope and structure analysis
Report Metric | Details |
Market size available for years | 2021–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast units | Value (USD) |
Segments covered | Product and components |
Regions covered | North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa |
Companies covered | Hewlett-Packard Company, DOD-Tech Co. Ltd., ABEO Company Co. Ltd., Panasonic Corporation, Aiptek Inc., Garmin, LG Corporation, Qrontech Co. Ltd., Pittasoft Co. Ltd., Satechi Baravon, and Bulls-I Vehicle Drive Recorders. |
Covid-19 Scenario Analysis
The significant factors impacting the growth of the car dash camera market are increasing number of road accidents and car theft and reforms to mandate the use of cameras in cars. However, recurring costs for buying memory cards is expected to hinder the growth of the car dash camera market. On the other hand, low cost of acquiring the system, along with the benefits associated with their installation and technological up gradation is having a positive impact on the growth of the car dash camera market.
Rise in number of road accidents, insurance frauds, and lack of pedestrian safety across the globe has increased the demand for the car dash camera market. This increasing focus on road & vehicle safety is promoting the market expansion. Furthermore, increasing road accidents has increased the safety features in the vehicles, which reduces the chances of accidents and provides security.
Various reforms for safety and insurance has increased the demand for car dash camera market. Moreover, various insurance organizations encourage vehicle owners to install these cameras so that they can claim insurance and legal protection in case road mishaps and accidents. Along with that, decreasing price of dash cams boosts the global dashboard camera market growth.
Key segments covered:
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Questions answered in the car dash camera market research report:
Key Market Segments
Key Market Players