Dashboard Camera Market Segmentation Detailed Study With Forecast To 2014 - 2020

 

Global Dashboard Camera Market – An Overview

With installation considered legal in a number of countries, dashboard cameras are set to see an increase in demand over the period 2014 to 2020 as governments allow these to be installed in state cars and insurance companies encourage their use by asking for lesser premiums for cars that have these.

Trends and developments that are contributing to growth in the market are outlined below:

  • Massive increase in road accidents and car thefts is pushing insurers to demand for dashboard cameras as they record both what is happening inside the car and outside. This helps in ensuring that fraud is not committed by vehicle owners. This is a major boost to the global dashboard camera market.
  • 1.35 million people die in road accidents on an annual basis. Every day, 3700 people lose lives due to these. Besides, some 20-50 million suffer serious injuries that are non-fatal but lead to disabilities that maybe long term. This pushes the governments across nations to help the market grow at a sturdy pace over the forecast period.
Dashboard cameras are onboard devices used in private cars, law enforcement vehicles, and rental and other commercial vehicles to record real-time videos both inside and outside of the vehicle. The global dashboard camera market is expected to see a significant growth through the forecast period. The factors boosting the demand for dashboard cameras include introduction of government initiatives encouraging installation of these cameras and insurance companies offering the benefits of paying lesser premium for vehicle owners those who have equipped their car with these camera. Use of dashboard camera is legal throughout the globe except some European countries including Austria, Portugal and Belgium. 
 
Demand for dashboard cameras is highly dependent upon the cost of the equipment, ease of installation and maintenance, and robustness, and other durability parameters. Dashboard cameras for various classes of vehicles are available at a wide range of costs and video quality. The price of these cameras typically range from US$ 20 to over US$ 400 and are available in different configurations namely, front-view, rear-view, and dual-view cameras, thus increasing the affordability for nearly all classes of vehicles. 
 
The global dashboard cameras market is segmented on the basis of type (functionality) into basic, advanced, and smart dashboard cameras. Basic dashboard cameras are affordable (typically from US$ 20 to US$ 100) and usually have limited features compared to other dashboard cameras. Basic dashboard cameras are in-vehicle cameras with built-in or removable storage media that constantly record driving with no additional feature. In addition to basic features of dashboard camera, advanced cameras provide features such as audio recording, GPS logging, speed sensors, accelerometers and uninterruptable power supply. In 2013, basic dashboard cameras accounted for largest revenue share in the global dashboard camera market. Smart dashboard cameras are expected to see the fastest growth through the forecast period. 
 
The dashboard cameras market is classified on the basis of its lens technology into single lens, multi lens and rear-view mirror style camera. Single lens forward recording dashboard cameras accounted for the largest revenue and volume share in 2013 and are expected to maintain their dominant position throughout the forecast period. This is due to the rising demand for dashboard cameras among motorists owing to its usefulness in filing insurance claims, procurement of evidences for civil and criminal lawsuits and for other safety concerns. Multi lens dashboard camera represents the most attractive segment to invest for dashboard camera manufacturers.
 
On the basis of geography, the global dashboard cameras market is segmented into four broad regions, namely, North America, Europe, Asia Pacific, and Rest of the World (RoW). The report also includes country level analysis for major market in Europe and Asia Pacific region. Asia Pacific represents the largest regional market due to growing popularity of dashboard cameras among private as well as commercial vehicle owners. China is the largest market for dashboard cameras in Asia Pacific as well as in the global dashcams market. North America accounts for the low market share due to less popularity, stringent traffic regulations and traffic discipline. However, with the US government’s initiatives to improve pedestrian safety in order to reduce causalities, the demand for these cameras is expected to increase substantially during the forecast period. Asia Pacific is predicted to see fastest-growth in terms of both revenue and volume through the forecast period. This is majorly due to the rising demand for these cameras in countries such as Japan, South Korea, Singapore, Taiwan, Hong Kong, China, and Australia.

To gauge the scope of customization in our reports, Ask for a Sample

 
The global dashboard camera market is highly fragmented and comprises large number of small size players particularly from South East Asia. Industry competition is expected to increase through the forecast period as prominent digital camera manufacturers and automotive equipment manufacturers are continuously enhancing their expertise to gain significant market share in this emerging market. The major companies in the dashboard cameras market include Delphi Automotive Systems Pvt Ltd, Papago Inc., Harman International Inc, Garmin International Inc, Qrontech Co., Ltd. (Lukas), Pittasoft Co. Ltd. (BlackVue), DCS Systems Ltd. (RoadHawk UK), and others.

About TMR

TMR has a track record to provide ace market research solutions that has earned us the trust of our clients for their business intelligence needs. Serving 13 industry verticals with a database of over 1,000 reports and 1 million + data points, our expanse to provide market research solutions is exceptional. We deep dive for a thorough understanding of the subject, gather precise information, and then analyze it to present solutions that are par excellence.

Contact us:

Transparency Market Research
State Tower,
90 State Street, Suite 700,
Albany NY - 12207,
United States
Tel: +1-518-618-1030
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com


Comments

Post a Comment

Popular posts from this blog

Conferencing Microphone System Market Share, Segmentation, Trend, and Forecast To 2021-2031

Image
  Conferencing Microphone System: Introduction A conference system is a collection of audio hardware developed for easy interaction between people taking part in various events, irrespective of the room size. A conference system is also known as a discussion system. Conferencing microphones are wired or wireless gadgets that transfer audio from one or various speakers to an audio system. A conferencing microphone uses different transmission technologies. In wired conference, the microphone uses a cable for the transmission of the signal for communication tasks. It is cheaper and more reliable. In wireless conferences, the microphone uses Wi-Fi or infrared technologies for communication tasks, giving it freedom of movement and avoiding cable issues. Lapel microphones are hands-free & wireless and are fixed to the speaker’s dress, collar, or suit. These microphones must be secured to the correct place on the body for high-quality audio transmission. Conferencing microphone system...
Read more

Last Mile Delivery Transportation Market Clear Understanding Of The Competitive Landscape And Key Product Segments 2021-2031

Image
  Last Mile Delivery Transportation Market Outlook 2031 The  global   last mile delivery transportation market   was valued at   US$  150.39  Bn in  2020 It is estimated to expand at a CAGR of  10.31%  from 2021 to 2031 The  global   last mile delivery transportation market  is   expected to reach the value of US$  477.27  Bn   by the end of  2031 Analysts’ Viewpoint on Last Mile Delivery Transportation Market Scenario “Technological advancements and the booming eCommerce sector will remain the leading factors that will propel the market during the forecast period. In addition, advancements in robotics and projected adoption of semi-autonomous and autonomous delivery vehicles will play an imperative role in redefining last mile delivery transportation in the upcoming years. In order to overcome challenges in the execution of delivery models, companies should increase R&D in leading-edge informa...
Read more

Corrugated Boxes Market Top Companies, Trends and Future Prospects Details for Business Development 2016 - 2024

  Multi Depth Corrugated Boxes Market: Overview Multi depth corrugated boxes are similar to that of conventional corrugated boxes, with an added ability of being used for multiple size applications. These boxes are extensively used in packaging of various goods such as foods, beverages, cosmetics, pharmaceuticals, hazardous chemicals and other materials. In recent years, the demand for multi depth corrugated boxes has increased significantly. This can be attributed to immense size flexibility offered by these boxes coupled with the characteristics of corrugated boxes.  These boxes gives the buyer the leverage to use it for various size requirements, thus reducing inventory and optimizing cost management. Multi depth corrugated boxes have high durability and are light weight coupled with offering significant cost benefits to the buyer. Thus, multi depth corrugated boxes are being increasingly used in secondary packaging of goods, across a variegated range of industries. The glo...
Read more