San Francisco, 14
November 2018: The global dashboard camera market size is expected to reach USD 1.84 billion by 2022
according to a new report by Grand View Research, Inc. Favorable government
initiatives and rising demand for vehicular safety are expected to boost global
dashboard camera market growth.The industry is expected to witness an upsurge
in demand for dashcams in passenger and commercial vehicles by positively
driving industry growth over the forecast period.
Dashcams facilitate in
recording video footage of road accidents and other untoward incidents through
windshield and assist in collecting evidences to be used in case of impending
legal actions. These legitimate evidences can be produced in courts in matter
of disputes against the offenders.
Increasing acts of
vandalism, car thefts, and wreckages are presumed to trigger the demand for
automotive surveillance systems. Dashcams provide automotive surveillance even
in the absence of driver and in parking mode.
However, several
countries in the European region such as Switzerland and Austria are facing
bans on use of dashcams. Violation of privacy and vulnerability towards
unethical hacking have hampered the reliability of such in-car DVR systems.
Access Research Report
of Dashboard Camera Market
@ www.grandviewresearch.com/industry-analysis/dashboard-camera-market
Further key findings from the report suggest:
· Single-channel dashcam segment dominated
the global in-vehicle dashboard camera industry accounting for more than 70% of
the industry share in 2014. Dual-channel dashcam systems comprise two cameras
with high-resolution feed for front and rear video recording. Dual-channel
systems are relatively costly as compared to single-channel systems as they
enable video recording of external as well as in-car events.
· Industry players are focusing on revenue
generation through product differentiation. Vendors are emphasizing on
developing dashcams that can be integrated with high-end technologies such as
high-resolution night vision cameras and integrated GPS. Vendors such as
LyfeLens and BlackVue recently introduced advanced in-car DVR systems that
connect the car and smartphones and provides users with insight of actions
happening in and around the vehicles via real-time data, live video feeds, and
push notifications.
· The Asia Pacific regional market
contributed to approximately 30% of the overall revenue share in 2014. Increase
in funding initiatives and increased focus on fraud prevention offering road
safety to motorists and passengers are anticipated to impel growth in the
regional market. Concentrated presence of manufacturers, higher production
capabilities, and availability of cheap labor in countries such as China, and
Taiwan are expected to fuel the demand for dashcams in the region.
· Key industry participants include Amcrest
Technologies, Falcon Zero, Fine Digital, Inc., ITronics Group, and WatchGuard
Video. Innovative distribution and marketing strategies adopted by vendors such
as authorized e-commerce retailersare expected to positively influence industry
growth.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/automotive-and-transportation
Grand View Research has
segmented the global dashboard camera market on the basis of technology,
product, video quality, and region:
Dashboard Camera Technology Outlook (Revenue, USD
Million, 2012 - 2022)
·
Basic
·
Advanced
·
Smart
Dashboard Camera Product Outlook (Revenue, USD Million,
2012 - 2022)
·
Single Channel
·
Dual Channel
Dashboard Camera Video Quality Outlook (Revenue, USD
Million, 2012 - 2022)
·
Standard Definition
·
High Definition
Dashboard Camera Regional Outlook (Revenue, USD Million,
2012 - 2022)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
MEA
Access Press Release of
Dashboard Camera Market@ www.grandviewresearch.com/press-release/global-dashboard-camera-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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