The Global Dashboard Camera market was valued at US$ 2 Bn in 2021 and is expected to reach US$ 13 Bn by 2032 finds Future Market Insights (FMI) in a recent market survey. As per the findings, revenue through the basic Dashboard Camera Market grew at a CAGR of 19.8% during 2017-2021. Basic Dashboard Cameras are cheap and easy to install. Basic dash cams are notable for continuously recording video and looping over older material to make room for current footage. Basic dashboard cameras include removable storage, allowing more control over the video captured.
Dashboard camera market in the U.K. to grow at 16.8% CAGR during 2022 – 2032
By 2032, the dashboard camera market in the U.K. will be worth US$ 522.1 Mn. From 2017 to 2021, revenue from dashboard cameras increased by 18.6% CAGR. Because insurers are recognizing footage as proof, more number of individuals are installing dashboard cameras to prevent road accidents. It is estimated that a quarter of the UK's 32.7 Mn drivers have a dashcam placed in their cars, an 850% rise since 2015. The absolute dollar opportunity growth in the Dashboard Camera market in the United Kingdom will be US$ 411.3 Mn.
“The dashboard camera market is expected to be driven by an increase in road safety awareness, greater use of fleet vehicles, and rapid technological advancements in dashboard cameras.” comments an analyst at Future Market Insights.
Dashboard Camera Market: Competition Insights
Dashboard Camera manufacturers are largely aiming at setting up manufacturing facilities, winning orders, and showcasing technology at exhibitions. The key companies operating in the Dashboard Camera market include ABEO Technology CO., Pittasoft Co. Ltd. , Garmin Ltd, Falcon Zero LLC, Cobra Electronics Co , Safe Cams, THINKWARE, Harman, Amcrest Technologies LLC, HP Development Company LP, DOD TechDJI, Panasonic Corporation, DOD Tech, Waykens Unc., Papago Inc., LG Innotek, Koninklijke Philips N.V, and Honeywell International Inc.
Some of the recent developments by key providers of Dashboard Camera are as follows:
- In May 2022, THINKWARE launched Q1000 dashboard cameras. It enables users to view real-time footage in detailed recording mode and even while parking. It boasts of Super Night Vision 3.0 with HDR and is able to record brighter videos in darkness. It is built with the aim to assist fleet management and commercial vehicles to track vehicles and enhance efficiency.
- In February 2022, THINKWARE launched F790 Dash Camin, its F-series line meant for commercial and personal use. Its additional features involve de-warping technology, 1GHz Quad-Core CPU for optimized video quality, wifi connectivity for android and iOS devices, and parking mode.
More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the Automotive Backing Plate Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals extensive growth in the Automotive Dashboard Camera Market in terms of Technology (Basic, Advanced, Smart), By Product Type (1-Channel, 2-Channel, Rear View), By Video Quality (SD and HD, Full HD and 4K), by Application (Commercial Vehicle, Personal Vehicle), across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
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About Future Market Insights (FMI)
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
