Report Code: A07951 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
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Request Now !Light commercial vehicle dashboard camera is a portable onboard video recorder which is placed inside the vehicle and hence continuously recording the view though the vehicle’s front windscreen. Dashboard cameras can also monitor a 360-degree view of the car which can further send the recording over a 4G connection. Furthermore, the demand for dashboard cameras in a light commercial vehicle has significantly increased owing to the legal protection in case of vehicle collisions and increasing number of car thefts. The recording from the camera is used for presenting evidence for insurance claims and thereby, preventing majority of insurance fraud. 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 light commercial vehicle dashboard camera market growth.Â
Increase in number of road accidents & car thefts, favourable initiatives pertaining to the usage of dashboard cameras and benefits for vehicle owners & motorists are driving the growth of the market. However, reliability & privacy issues and laws restricting the use of dashcams in countries such as Austria & Luxembourg are expected to hamper the growth of the market. Contrarily, increasing adoption of dashboard cameras in light 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 light commercial vehicle dashboard camera market trends are as follows:
A significant increase in the number of road accidents were witnessed majorly in low & middle economical countries such as Bangladesh, Indonesia and others. For instance, according to the world health organization (WHO), around 1.25 billion people die every year due to the road accidents. Furthermore, 90 percent of the road fatalities in the world occur in low & middle economical countries due to lack of appropriate infrastructure for the construction of roads and highways. Owing to the various mentioned factors, an increase in demand for dashboard cameras in the light commercial vehicles for safety & security of the passenger as well as the pedestrians is experienced worldwide. Therefore, the increase in number of road accidents is anticipated to boost the market growth for the light commercial vehicle dashboard camera market.
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Key benefits of the report:
Questions answered in the global light commercial vehicle dashboard camera market research report:
Light Commercial Vehicle Dashboard Camera Market Report Highlights
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Key Market Players | LG Corp, Pittasoft, ABEO Company, DOD-Tech Co. Ltd., Panasonic Corp, Qrontech Co. Ltd, Hewlett-Packard, Garmin, Aiptek Inc., Satechi Baravon. |
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