The Business Research Company’s report on the Dashboard Camera Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the dashboard camera market’s growth in recent years?
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 has been a major cause of car accidents over the past decades. For instance, in May 2023, according to the Road Trauma Australia, a department of infrastructure, transport, regional development, communications, and the arts. In 2022, Australia recorded 1,194 road crash fatalities, representing a 5.8% increase compared to 2021. Therefore, the increase in the number of road accidents is anticipated to boost the growth of the dashboard camera market.
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How does the future projection of the dashboard camera market size compare to its historical growth?
The dashboard camera market size has grown exponentially in recent years. It will grow from $4.56 billion in 2024 to $5.48 billion in 2025 at a compound annual growth rate (CAGR) of 20.3%. 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 $11.18 billion in 2029 at a compound annual growth rate (CAGR) of 19.5%. 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 a 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.
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Which key players are shaping the future of the dashboard camera market?
Major companies operating in the dashboard camera market include JVCKENWOOD Corporation, Panasonic Holdings Corporation, LG Innotek, Garmin International, DigiLife Technologies CO. Ltd, Philips, Pittasoft, Nexar, Falcon Electronics LLC, Nextbase, Huawei Technologies Co, Vantrue, 70mai, Shenzhen Teamspower Electronics Company Ltd, Huizhou Boshijie Technology Co.Ltd, Huizhou Great-Will Industrial Co. Ltd, Shenzhen Ouxiang Electronics Co. Ltd, Shenzhen Ease-Way Tech. Co. Ltd, Qubo Car Dash Camera, F5 WiFi Dash Cam Front, Thinkware, Connixion, Concox, Midland, Osram, MOBOTIX, Blaupunkt, Promwad, Mobius Action Cam, Rexing V1LG, Blackboxmycar, Canada Computers, Jimi IoT, DDPAI, Redtiger, CPPlus, Loconav, Verizon Connect, Krishcom, Zane Wave, Mvp Tech, N Tech Security Systems, Ansari Security Systems, V-ITS, FleetCam, Eyetrust Surveillance, Edacom CC, CAMERA TRAPS.
What trends will propel the growth and evolution of the dashboard camera market?
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 such as forward collisions and negligent driver behavior, including 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.
Which regions are expected to become dominant players in the dashboard camera market?
North America was the largest region in the dashboard camera market in 2024. Europe was the second-largest market in the dashboard camera market. The regions covered in the dashboard camera market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the emerging key segments in the dashboard camera market, and how are they evolving?
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
Subsegments:
1) By 1-Channel: Front-Facing Cameras
2) By 2-Channel: Front and Rear Cameras
3) By 3-Channel: Front, Rear, and Interior Cameras
4) By Rear View: Integrated Rearview Mirror Cameras, Standalone Rear View Cameras
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How is the dashboard camera market defined?
The dashboard camera (dashcam) is engaged in offering a wide range of products under driver-assistance systems and fulfills the aftermarket requirements for solutions for road safety. Only goods and services traded between entities or sold to end consumers are included.
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