Infinium Global Research

Dashboard Camera Market – Global Industry Analysis, Size, Share, Trends and Forecast 2018 – 2024

Dashboard Camera Market (Product Type - Single-Channel, Dual-Channel and Rear-View; Component - Lens, Battery, Microphone, Sensors, and GPS; Technology - Basic, Advanced and Smart): Global Industry Analysis, Trends, Size, Share and Forecasts to 2024. The global dashboard camera market is projected to grow at a CAGR of 14.5% over the forecast period of 2018-2024.

 

Pune, India -- (SBWIRE) -- 04/09/2019 -- The latest report on Dashboard Camera Market by Infinium Global Research gives complete coverage of the Dashboard Camera Market by product type (single-channel, dual-channel and rear-view), component (lens, battery, microphone, sensors and GPS), technology (basic, advanced and smart) in terms of key trends, Global Industry Analysis, Trends, Size, Share, Forecasts to 2024, market size, forecast and CAGR growth over the period of 2018 to 2024. In addition, the study covers deep dive into key product and applications trends in the regional markets of Dashboard Camera such as North America, Europe, Asia-Pacific and Latin America over the short run and long run. The global dashboard camera market is projected to grow at a CAGR of 14.5% over the forecast period of 2018-2024.

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Dashboard Camera Market: Industry Insights

Dashboard cameras also are known as an onboard camera, are fixed at the interior of vehicles windscreen used for recording view. There are many different types of dashboard cameras accessible in the market with different features such as basic video recording of date and time, GPS system, and night recording. Further, these cameras can send video and pictures automatically using 4G. these cameras help in provide video evidence at the time of a road accident.

Dashboard Camera Market: Drivers and Restraints

Strict application of rules and regulations on road safety worldwide is encouraging the demand for dashboard cameras market. Increasing awareness regarding the benefits of using dashboard cameras at the time of road accidents is driving the growth of the market. The motivation provided by transport authorities to encourage commercial and private vehicles owners for accepting dashboard cameras is pushing the demand for the market. Moreover, owing to the recording feature of the camera many people uses accident footage to prove themselves right and diminish insurance frauds by capturing the video events. Besides numerous insurance companies are also encouraging the vehicle owner to install these cameras which allows them to settle insurance claim faster and charging fewer payments. Advancement in technology and manufacturers innovating the products are offering a growth opportunity for this market during the upcoming years. On the contrary, increasing the price of automobile industries is restraining the growth of dashboard cameras market.

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Dashboard Camera Market: Segmentation

The global dashboard cameras market is divided into product type, components, and technology. Based on product type the segment is classified into single-channel, dual-channel and rear-view. From the above mention segment, the dual-channel has gained significant growth in dashboard cameras market. Dual-channel dashboard cameras contain two cameras with front & rear video recording and high resolutions. Due to these features, this dual-channel is gaining popularity among commercial and private vehicle owners. Further, based on components the segments are bifurcated into the lens, battery, microphone, sensors, and GPS. On the basis of technology, this segment includes basic, advanced and smart.

Dashboard Camera Market: Regional Insights

In terms of geographies, Asia Pacific is expected to dominate the market growth. In the Asia Pacific region developing economies such as China, the automotive industry is growing at a rapid pace due to technological advancement. Further, growing awareness regarding the advantages of using dashboard cameras and increasing incidents of road accidents & safety standards are some of the reasons driving the growth of dashboard cameras market.

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Dashboard Camera Market: Competitive Analysis

Some of the major key players in the global dashboard cameras market are, Delphi Automotive Systems Pvt Ltd, LG Corporation, Panasonic Corporation, ABEO Company Co. Ltd, Bulls-I Vehicle Drive Recorders, DOD Tec, Harman International Industries, Inc., Pitta soft. Co. Ltd, Qrontech Co. Ltd and Pittasoft Co. Ltd. Other established players are focusing on new product launches for instances: In July 2018, THINKWARE the world leading dash cam company has launched FHD dash cam, the F200. Further, this new two-channel camera records full HD videos and can capture the high-quality image with Wide Dynamic Range and offers 720p HD at the rear.