The Dashboard Camera by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Dashboard Camera, The dashboard camera market size has grown exponentially in recent years. It will grow from $3.81 billion in 2023 to $4.59 billion in 2024 at a compound annual growth rate (CAGR) of 20.5%. The growth in the historic period can be attributed to strong economic growth in emerging markets, the increasing number of road accidents globally, the rise in the number of fraudulent insurance claims and the rising vehicle theft.
The dashboard camera market size is expected to see rapid growth in the next few years. It will grow to $9.4 billion in 2028 at a compound annual growth rate (CAGR) of 19.6%. The growth in the forecast period can be attributed to the rising consumer awareness regarding in-car safety, the increasing sales of electric and hybrid vehicles, the increased adoption of advanced driver assistance systems and the rapid increase in vehicle production globally. Major trends in the forecast period include focus on dashcams integrated with telematics systems, fleet tracking technology, smart dashcams for driver assistance and security, product innovations, lte (long term evolution or 4g)-connected dashcams, lte (long term evolution or 4g)-connected dashcams and technological advancements.
An increase in the number of road accidents is contributing to the growth of the dashboard camera market. Absentminded driving has become a larger threat and is a major cause of car accidents over the past decades. For instance, in May 2022, the National Highway Traffic Safety Administration, a US-based government agency, estimated traffic fatalities for 2021, according to estimates, 42,915 individuals died in traffic crashes last year, a 10.5% rise over the 38,824 fatalities in 2020. Therefore, the increase in the number of road accidents is anticipated to boost the growth of the dashboard camera market.
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The dashboard camera market covered in this report is segmented –
1) By Type: 1-Channel, 2-Channel, 3-Channel, Rear View
2) By Technology: Basic, Advanced, Smart
3) By Application: Commercial Vehicle, Personal Vehicle
The launch of dashcams integrated with telematics systems is a key trend gaining popularity in the dashboard camera market. The telematics system uses GPS and onboard diagnostics (OBD) to track the movements of vehicles, machinery, and other assets and display that data on a digital map. Telematics, also called fleet tracking or GPS vehicle tracking, has become a crucial management tool for many private and public fleets. Major companies operating in the dashboard camera market are focusing on developing telematic system-based dashboard cameras to strengthen their position in the market. For instance, in June 2023, HCSS, a US-based provider of software for heavy civil businesses, launched HCSS ADPlus Fleet Dashcam, a plug-and-play dash camera with an integrated Al processor to detect driving incidents like forward collisions and negligent driver behavior, like using phone while driving and being distracted. Heavy construction organizations can use the HCSS Dashcams on their fleet vehicles to protect drivers and prevent accidents.
The dashboard camera market report table of contents includes:
1. Executive Summary
2.Dashboard Camera Market Characteristics
3.Dashboard Camera Market Trends And Strategies
4.Dashboard Camera market analysis
5.Dashboard Camera Market Size And Growth
6.Dashboard Camera Segmentation
7.Dashboard Camera Regional And Country Analysis
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27.Dashboard Camera Competitive Landscape And Company Profiles
28. Dashboard CameraKey Mergers And Acquisitions
29.Dashboard Camera Future Outlook and Potential Analysis
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