The dashboard camera (dashcam) market consists of the sales of dashboard cameras by entities (organizations, sole traders, and partnerships) that are engaged in offering a wide range of products under driver-assistance systems and fulfill the aftermarket requirements for solutions for road safety. Only goods and services traded between entities or sold to end consumers are included.
Global Dashboard Camera Market Size And Drivers:
The global dashboard camera market is expected to grow from $2.53 billion in 2020 to $2.91 billion in 2021 at a compound annual growth rate (CAGR) of 15.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $4.96 billion in 2025 at a CAGR of 14.2%. An increase in the number of road accidents is contributing to the growth of the dashboard camera market.
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Trends In The Global Dashboard Camera Market
The launch of dual-camera dash cams is gaining popularity in the dashboard cameras market. A dual dash cam can record video footage of the road ahead while also filming the inside of the cab. By recording two feeds simultaneously, a two-way dash cam offers greater coverage and provides greater insight than one front-facing cam. For instance, in January 2020, Garmin Ltd. announced the launch of Garmin Dash Cam Tandem, the company’s first dual-lens dash camera that offers drivers complete video coverage of their surroundings. The high resolution 1440p of the dashcam along with the front-facing camera lens with Garmin Clarity HDR can capture firm footage indicating critical vehicle details. And the interior lens with night vision presents Garmin’s absolute NightGlo technology to record all driver and passenger collaboration, even within the dark.
Global Dashboard Camera Market Segments:
The global dashboard camera market is further segmented –
1) By Type: Front Facing Dashcam, Front And Rear Dashcam, Front And Interior Dashcam, Triple Lens Dashcam, Miniature Dashcam
2) By Technology: Basic, Advanced, Smart
3) By Application: Commercial Vehicle, Personal Vehicle
By Geography: The global dashcam market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Dashboard Camera Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides dashboard camera market overviews, analyzes and forecasts market size and growth for the global dashboard camera market, dashboard camera market share, dashboard camera market players, dashboard camera market segments and geographies, dashboard camera market’s leading competitors’ revenues, profiles and market shares. The dashboard camera market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
