Int'l : +1-503-894-6022 | Toll Free : +1-800-792-5285 | help@alliedmarketresearch.com
A07755 | Pages: NA | Charts: NA | Tables: NA |
Heavy commercial vehicle dashboard cameras are a specialised, compact and portable onboard video recording camera which are placed inside of the vehicle & hence continuously records the view through the front windscreen. The demand for dashboard cameras has grown significantly owing to the legal protection by the insurance companies in case of vehicle collisions and increasing number of cargo thefts from the heavy commercial vehicles. Furthermore, the recordings from the camera is used for gathering up evidence for insurance claims and thereby, preventing any insurance frauds. Moreover, discounts on insurance premiums are provided by the companies to the vehicles which are equipped with dashboard cameras. Therefore, the high acceptance for latest technology and discounts on insurance premiums is expected to drive the market growth for the heavy commercial vehicle dashboard camera market growth.
Rising number of road accidents & cargo thefts, favourable initiatives pertaining to the usage of dashboard cameras and implementation of stringent government regulations due to rise in number of insurance frauds are driving the growth of the market. However, reliability & privacy issues and laws restricting the use of dash cams in countries such as Austria & Luxembourg are expected to hamper the growth of the market. Contrarily, increasing adoption of dashboard cameras in heavy commercial vehicles and government initiatives encouraging the use of these cameras creates a favourable condition for the implementation of dashboard cameras which can be an opportunity for the market investments.
The heavy commercial vehicle dashboard camera market trends are as follows:
Dashboard cameras have become a vital component in the automotive industry as it helps in reducing the number of insurance frauds by presenting appropriate proof to the companies for the claim. Furthermore, governments around the world are focusing on reducing the number of insurance frauds & cargo thefts from the heavy commercial vehicles by implementing strict norms for the vehicle owners to install dashboard cameras. Owing to the stringent regulations various heavy commercial vehicle manufacturers has decided to produce the vehicles with required components. For instance, in the year 2018, heavy commercial vehicle manufacturer, Mercedes-Benz has launched its first truck with a factory-fitted dash cam to be sold in Poland. The dashboard camera is integrated into the rear-view mirror which records footage continuously unless the driver switches it off. Therefore, implementation of stringent government regulations due to rise in number of insurance frauds, will foster the growth for the heavy commercial vehicle dashboard camera market.
Key benefits of the report:
Questions answered in the global heavy commercial vehicle dashboard camera market research report:
Key Market Segments
Key Market Players