A recent report published by Infinium Global Research on automotive dashboard camera market provides an in-depth analysis of segments and sub-segments in the global as well as regional automotive dashboard camera market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional automotive dashboard camera market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global automotive dashboard camera market. According to the report, the global automotive dashboard camera market is projected to grow at a CAGR of 26.7% over the forecast period of 2018-2024.
An automotive dashboard camera, also known as a dashcam. It is a small video recording device, generally mounted at the rearview mirror that continuously records the view through a vehicle's front windscreen and sometimes rear and other windows also. Some dashboard camera has an integrated camera that records the interior of the car which can automatically send pictures and video by using the cellular network. EDRs and some dashboard cameras also record acceleration/deceleration (g-force), speed, steering angle and GPS data of the vehicle.
In some countries, it is a mandatory device and is gaining popularity in other countries across the globe. A number of European countries are encouraging the use of digital video recorders (DVRs) in cars to record video clips for surveillance purposes, which can also be used as evidence in judicial proceedings. Several car insurance providers operating offer considerable discounts on car insurance premiums for vehicles fitted with dashboard cameras. As a result of this, a majority of cab drivers and fleet owners are inclined toward the installation of such cameras to save on insurance premium costs. Automotive OEMs are focusing on integrating dashboard cameras with cloud technology to store data safely.
Dashboard cameras are very helpful in vehicle safety and it is the prime driving factor for the global automotive dashboard camera market. New advanced features including integration of cloud technology, lane departure warning systems, blind spot detection, and collision avoidance systems are adding to the growth of the global automotive dashboard camera market. Additionally, a rise in the sales of automobiles is leading to the growth of the market. However, raising concerns about the reliability of the dashboard cameras are expected to hamper the growth of the dashboard camera market. While changing preferences of the consumers are anticipated to offer opportunities for the market.
Among the geographies, Europe has a major share in the global automotive dashboard camera market. Acceptance of dash cam footage as evidence, initiatives were taken by insurance companies, increase in on-road recreational activities and vehicle safety are the key drivers for the automotive dashboard camera market in this region.
The report on global automotive dashboard camera market covers segments such as power source, resolution, connectivity, number of lenses, and application. On the basis of the power source, the sub-markets include individual battery powered, and vehicle battery powered. On the basis of resolution, the sub-markets include up to 720p, and 1080p and above. On the basis of connectivity, the sub-markets include Wi-Fi, Bluetooth, 4G, and wired. On the basis of the number of lenses, the sub-markets include a multi-lens and a single lens. On the basis of application, the sub-markets include internal view, combined view, and external view.
The report provides profiles of the companies in the market such as Honeywell International Inc., DENSO TEN Limited, Waylens, Inc., Intensity Security, Cedar Electronics, Continental AG, Valeo SA, Koninklijke Philips N.V., PAPAGO Inc., and Texas instruments incorporated, other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of automotive dashboard camera market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.