Dashboard Camera Market is estimated to be US$ 10.7 billion by 2030 with a CAGR of 11.50% during the forecast period
Dashboard Camera Market accounted for US$ 3.6 billion in 2020 and is estimated to be US$ 10.7 billion by 2030 and is anticipated to register a CAGR of 11.50%. Single and two channel dashboard cameras are available for automobiles. Drivers can use dual channel dashboard cameras to record on-road and in-vehicle actions. Private taxi services such as Uber, Bookmycab, and Lyft are increasingly using these cameras. They are also energy efficient, with built-in Wi-Fi and GPS for real-time position tracking, as well as impact and motion detection functions that aid in speed detection and accident avoidance.
The report " Global Dashboard Camera Market, By Technology (Basic and Advanced), By Product Type (Single-Lens and Multi Lens), By Vehicle Type (Passenger Cars and Commercial Cars), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030’’
Key Highlights:
· In 2021, Tesla's Sentry mode, which employs the car's cameras as a surveillance system to capture would-be thieves and vandals, has been enhanced to allow owners to view a livestream of the footage.
Analyst View:
The industry is predicted to develop due to rising awareness of in-car safety and favourable government initiatives. Over the next seven years, market growth is likely to be driven by the increasing popularity and success of dashboard cameras in countries such as Russia, France, and Canada. Over the last few years, the rising frequency of automobile thefts and road accidents around the world has driven up product demand. Dashboard cams can also help avoid insurance fraud, like as accidents that are purposefully caused and bogus insurance claims.
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Key Market Insights from the report:
Global Dashboard Camera Market accounted for US$ 3.6 billion in 2020 and is estimated to be US$ 10.7 billion by 2030 and is anticipated to register a CAGR of 11.50%. The global dashboard camera market report segments the market on the basis of technology, vehicle type, product type, and region.
· Based on Technology, Global Dashboard Camera Market is segmented into Basic and Advanced.
· Based on Vehicle Type, Global Dashboard Camera Market is segmented into Passenger Cars and Commercial Cars.
· Based on Product Type, Global Dashboard Camera Market is segmented into Single-Lens and Multi Lens.
· By Region, the Global Dashboard Camera Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Global Dashboard Camera Market:
The key players operating in the Dashboard Camera market are Cobra Electronics Corporation,
PHILIPS Corp, HP Corp, Qihoo 360 Technology Co. Ltd., Vosonic Technology Corporation, Pittasoft Co. Ltd., Amcrest Technologies LLC, CNSLink Co. Ltd, Honeywell International and Eken Group Ltd
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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