Dashboard Camera Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: 360 (QIHU), Thinkware, DOME Technology, Philips, Garmin, First Scene

Acknowledging the kind of traction gained by this market, recently published a study report asserts The dashboard camera market was valued at USD 2312 million in 2021 and expected to reach USD 7582.3 million by 2027, registering a phenomenal CAGR of 21.9% during the review period (2022 to 2027).

Dashboard Camera Market Overview

Driving assistance systems have gained popularity, owing to the drastic rise in the number of accidental fatalities reported in the last decade. The demand for better assistance systems, categorically judging imminent dangers and guide drivers, is increasing, as these systems have emerged as a viable product in the automotive sector. Currently, driver assistance systems are predominantly being used in the luxury cars segment. Many connected car vendors are developing driver assistance technology, which is expected to be commercialized during the forecast period.

The expansion of the market studied was further supported by the increase in automobile sales, globally until the end of 2019. As the coronavirus pandemic has spread over the world since the first quarter of 2020, it has become stagnant. This is due to the shutting down of factories, causing a stop in automobile production and changed consumer behavior towards buying essentials rather than spending on luxuries. The increasing popularity and success of dashboard cameras in countries such as Russia, France, and Canada are expected to drive market growth over the next seven years. The rising number of car thefts and road accidents across the globe has been significantly driving the product demand over the past few years. Dashboard cameras also assist in preventing insurance fraud, which includes deliberately caused accidents and false insurance claims.

Recent Development

June 2021:THINKWARE Unveilings the X1000 Dash Cam - THINKWARE, a world-leading dash cam company, broadcasted the launch of its X1000 dash camera, featuring front and rear 2K QHD (Quad High Definition) recording, Super Night Vision 3.0, and Ultra-low Power Parking Mode Technology. The X1000 also makes it easy to adjust settings or review footage with its 3.5” LCD touchscreen that features an IPS panel, making viewing effortless from any angle. 

June 2021 – Garmin announced four new dash cams with cloud-connected storage (Dash Cam Mini 2, 47, 57, and 67W). All feature remote monitoring of parked vehicles and free online video storage for up to 24 hours after an incident.

March 2020: Garmin LTD announced the launch of its first dual-camera dashcam. This lens also called a ‘cabin view camera’ on the Nextbase series two dashcams, allows users to record what’s going on inside the car with its extremely wide 180-degree angle.

Who are the Major Players in Dashboard Camera Market?

The Dashboard Camera Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes 360 (QIHU), Thinkware Corporation (KOSDAQ:084730.KQ), DOME Technology, Philips, Garmin Ltd. (NYSE:GRMN), First Scene, Comtec, SAST, JADO, REXing, Pittasoft, Kenwood, Yupiteru, DOD Tech, Cobra Electronics, Fine Digital, HP Inc. (NYSE:HPQ), PAPAGO  Inc. (Taipei Exchange:3632.TWO), Nextbase UK, HUNYDON, Qrontech, DAZA, YI Technology and others.

What are the major Applications, Types and Regions of the Dashboard Camera Market?

By Type, it is segmented into

• Single Channel Dashcam


• Multi-Channel Dashcam

By Applications, it is segmented into

• Passenger Vehicle


• Commercial Vehicle

Dashboard Camera Market Regional Analysis

Asia Pacific is expected to register the fastest growth in terms of volume, registering a CAGR of over 17.2% from 2022 to 2027. The demand for dashboard cameras in the region is anticipated to increase over the forecast period owing to favorable government initiatives, consumer-centric marketing strategies, and the rising number of on-road vehicles. North America is expected to witness significant growth led by various companies and startups in the United States starting to make substantial investments to increase their presence and aid the region's adoption rate.Whereas the existing companies are innovating new products to expand the product portfolio to gain market traction and increase their market share. In countries such as Russia, most people deploy dashboard cameras in their personal vehicles due to high rates of accidents, significant police corruption, unsafe road conditions, and low cost and easy availability of technology.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

What is our Dashboard Camera Market report scope?

Key Takeaways from this Dashboard Camera Report

• Evaluate Dashboard Camera market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Dashboard Camera market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The Dashboard Camera Market is studied from 2017 - 2027.

What is the growth rate of Dashboard Camera Market?

The Dashboard Camera Market is growing at a CAGR of 21.9% over the next 5 years.

Who are the leading key players in Dashboard Camera Market?

360 (QIHU), Thinkware Corporation (KOSDAQ:084730.KQ), DOME Technology, Philips, Garmin Ltd. (NYSE:GRMN), First Scene, Comtec, SAST, JADO, REXing, Pittasoft, Kenwood, Yupiteru, DOD Tech, Cobra Electronics, Fine Digital, HP Inc. (NYSE:HPQ), PAPAGO  Inc. (Taipei Exchange:3632.TWO), Nextbase UK, HUNYDON, Qrontech, DAZA, YI Technology and others.

What regions regions does this Dashboard Camera Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Dashboard Camera Market?

Single Channel Dashcam, Multi-Channel Dashcam

What are the significant Applications of Dashboard Camera Market?

Passenger Vehicle, Commercial Vehicle

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