Automotive Dashboard Camera Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3632
Automotive Dashboard Camera Market size is anticipated to grow substantially over the forecast time period due to rapid growth of automotive sector and integration of various safety components into vehicles globally. These cameras are used in vehicles owing to the capabilities of recording high-quality footage of the road activities. This footage can be used as a proof in federal courts in cases of accidents for claiming insurance. This technology is gaining popularity amongst vehicle owners due to the additional legal protection in cases of accidents and road fatalities. The increasing road accident rates are generating a demand for dash cameras globally. The growing awareness for vehicle & passenger safety systems among OEMs and consumers is fueling industry growth. These systems aid in driving pattern analysis of new drivers, further supporting in enhancing the driving skills. High implementation of these components in all vehicle types for insurance claims in accident cases is further propelling the automotive dashboard camera market.
A major factor pertaining to the automotive dashboard camera market is the thermal noise of these devices. Noise reduction is essential in automotive systems as the image quality is directly impacted by these parameters. Companies are developing Ethernet cameras, which will reduce the thermal noise to a great extent. These cameras need a memory card for storage space, which will lead to recurring costs for buying memory cards.
The automotive dashboard camera market is witnessing significant growth owing to the increasing trend of smart dashboard cameras. The integration of smart cameras with ADAS technology enables analyzing data such as speed & distance of the car in front and further providing alerts to the driver. The demand for smart components is rising owing to their capability of recording ultra HD footage and obstacle detection on roads. Increasing implementation of these devices in autonomous vehicles is fueling the automotive dashboard camera market growth at a rapid pace. The night vision imaging features in smart cameras are supporting their high demand in newly developed vehicles. The implementation of Wi-Fi modules enables the user to view real-time footage or playback recordings. Another trend fueling the market growth is dual channel dashboard camera, which allows drivers to record activities on the road and inside the vehicles. Rapid technical development in the automotive sector and the integration of ADAS further promote the demand for these devices.
In the automotive dashboard camera market, dual channel dash cameras are expected to gain high traction owing to their implementation in private taxi services such as Uber, Lyft, Bookmycab, etc. These devices are energy efficient and provide recording feature of both internal & external environments of vehicles. The components have gained popularity in commercial vehicle security segments across the globe due to their dual recording features. These devices have built-in GPS and Wi-Fi, which will support the live location tracking feature, which allows the owner to access using smartphone applications. The availability of impact & motion detection features aids in speed detection and vehicle accidents, further providing alerts to drivers. The increasing demand for dual channel dash cameras is promoting the automotive dashboard camera market.
The utilization of these devices in commercial vehicles has witnessed a high demand in recent years. The increasing implementation of back up cameras in taxis is supporting automotive dashboard camera market growth. These devices are used to monitor vehicle location through its inbuilt GPS modules. They are implemented in commercial vehicles by the training institutes for training new drivers. Technological developments, such as 360-degree cameras, are supporting a higher implementation in commercial vehicles, which will fuel the market growth. The demand for these cameras is attributed to various features such as 360-degree view, park mode detection, night vision, 4G LTE connectivity, etc.
The North America automotive dashboard camera market is expected to grow at a rapid pace due to the high popularity of automobile safety systems and government regulations for the integration of back-up cameras. For instance, the U.S government passed a regulation to mandate the implementation of back-up cameras in all new vehicles in the country from May 2018. India and China are witnessing a high demand for dashboard cameras in recent years, due to the rise in road accidents, insurance frauds, and lack of pedestrian safety in these countries. This increasing focus on road & vehicle safety in Asian countries is promoting the market expansion.
Key players operating in the automotive dashboard camera market include Garmin Ltd., Koninklijke Philips N.V., Xiaomi, JVCKENWOOD Corporation, Waylens Inc., Intensity Security, Honeywell International Inc., Valeo SA, and Aptiv PLC. Players in the market are adopting various strategies such as high investments in R&D activities, M&A activities, partnerships, and collaborations to gain a competitive edge, high revenues, and gain leadership. For instance, in May 2019, Garmin Ltd. announced the launch of a new dash cam series with various features such as GPS, wide field, voice control, and compact size. In January 2019, Waylens Inc. announced the launch of a new product, a secure 360 camera for the automotive sector, which will provide a 360-degree view with 4G LTE connectivity from the vehicles. This launch aided the company to enter untapped segments in the automotive dashboard camera market.
The automotive dashboard camera market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipment in Units from 2015 to 2025, for the following segments:
- Mono channel
- Dual channel
By Vehicle Type
- Passenger Cars
- Utility Vehicles
- Commercial Vehicles
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- South Africa
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