Dashboard Camera Market delivers detailed overview of the global dashboard camera market in terms of market segmentation by product type, by technology, video quality, distribution channel, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global dashboard camera market is anticipated to grow with a CAGR of ~12% during the forecast period, i.e., 2023-2033. The market is segmented by video quality into standard definition (SD) & high definition (HD) camera, and full HD & 4K camera. Out of these segments, the full HD & 4K camera segment is anticipated to garner the largest market share over the forecast period, owing to the increasing road incidences. In addition, increasing demand for 4k cameras as they pick up more detail, having better quality footage is also expected to boost the growth of the segment in the coming years.
Dashboard Camera Market Statistics –
• USD 12 billion revenue in 2033
• The market size is projected to record a valuation of over USD 12 billion by 2033
• The Dashboard Camera Market is slated to observe 12% growth rate through 2023-2033
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The global dashboard camera market is estimated to garner a revenue of 12 billion by the end of 2033, backed by the increasing number of cars worldwide. Various features provided by dashboard camera, including recording, loop recording and audio recording are also projected to boost sales of these tools in the coming years. Moreover, rising number of light vehicles as well as increasing vehicle theft is also projected to propel the growth of the market during the forecast period.
Geographically, the global dashboard camera market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in Europe is estimated to garner the largest market share over the forecast period, owing to the rising penetration of dashboard cameras.
Apart from this, the market in Asia Pacific is anticipated to register significant growth in the coming years.
Major players include in the dashboard camera market :
- Hitachi, Ltd.,
- Jaguar Land Rover Automotive plc.,
- Daimler Truck AG,
- Motive Technologies, Inc.,
- Dashcams Limited,
- Panasonic Holdings Corporation,
- Garmin Ltd.,
- Amcrest Technologies, LLC,
- Cedar Electronics Corporations
Increasing Adoption of Big data Technology to Drive the Market Growth
According to the data, in 2020, the global investment in automotive artificial intelligence (AI) was around USD 12 billion.
The adoption of AI is expected to accelerate the market growth in the coming years, as AI technology helps in handling the growing complexities of applications and data, which further improves application performance across diverse industries. Moreover, the increasing technological advancements as well as the increasing growth of the IT & Telecom industry are also expected to drive the growth of the global dashboard camera market during the forecast period.
However, the concern about privacy invasion resulting into the stringent policies & regulations regarding the use of dashboard camera are expected to operate as key restraints to the growth of global dashboard camera market over the forecast period.
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This report also provides the existing competitive scenario of some of the key players of the of global dashboard camera market which includes company profiling of Hitachi, Ltd., Jaguar Land Rover Automotive plc., Daimler Truck AG, Motive Technologies, Inc., Dashcams Limited, Panasonic Holdings Corporation, Garmin Ltd., Amcrest Technologies, LLC, Cedar Electronics Corporations. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the of global dashboard camera market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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