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Colloquially referred to as dashcams or dash cams, dashboard cameras are expected to witness an upsurge in demand for installation in passenger and commercial vehicles owing to increase in sales of such vehicles. Favorable government initiatives and rising demand for vehicular safety are some other factors expected to spur dashboard camera market growth.<br>
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Dashboard Camera Market Worth $5.94 Billion By 2025 | CAGR: 13.3% | Grand View Research, Inc “Colloquially referred to as dashcams or dash cams, dashboard cameras are expected to witness an upsurge in demand for installation in passenger and commercial vehicles owing to increase in sales of such vehicles. Favorable government initiatives and rising demand for vehicular safety are some other factors expected to spur dashboard camera market growth.” The global dashboard camera market size is expected to reach USD 5.94 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a 13.3% CAGR during the forecast period. Rising awareness among the global population regarding vehicular safety, along with implementation of various favorable government initiatives to boost adoption of such cameras, is driving the global market. A number of European countries, such as France, Italy, and U.K. are encouraging the use of digital video recorders (DVRs) in cars to record video clips for surveillance purposes, which can also be ultimately used as evidence in judicial proceedings. Several car insurance providers operating across U.K. have started offering considerable discounts on car insurance premiums for vehicles fitted with dashboard cameras. As a result of this, a majority of cab drivers and fleet owners in the country are favorably inclined toward installation of such cameras to save on insurance premium costs. Follow Us:
Similarly, a group of startups in U.S. have developed an innovative business model, wherein they offer monetary rewards to drivers for installing dashboard cameras in their vehicles. The aim is to collect dash cam recorded data and ultimately aid technology companies in building maps for self-driving cars. As a result, an increasing number of ride-hailing service providers across North America, such as Lyft and Uber, have begun deploying in-car DVRs to record their rides. Prominent global market players have started developing innovative car DVRs with advanced safety features such as lane departure warning systems, blind spot detection, and collision avoidance systems to encourage their adoption among commercial as well as individual vehicle owners and drivers. These industry participants are manufacturing sophisticated dashboard cameras with built-in sensors that offer forward collision warnings to the driver, ultimately providing greater protection against potential accidents. To request a sample copy or view summary of this report, click the link below: www.grandviewresearch.com/industry-analysis/dashboard-camera-marketFurther key findings from the report suggest: Follow Us:
• North America and Europe are characterized by rapid adoption of full HD dashboard cameras, which are fast replacing SD dashboard cameras • 2-channel dashboard cameras are increasingly preferred by commercial fleet operators to seek additional protection against cases of employee fraud and in the event of an accident • In 2017, the Europe market accounted for the largest share, both in terms of revenue and shipments • Asia Pacific and Middle East are expected to witness substantial growth over the forecast period owing to rise in sale of passenger vehicles • Concentrated presence of dash cam manufacturers and their superior production capabilities and abundant availability of cheap labor in Asian countries such as Taiwan and China are expected to drive the APAC market. View more reports of this category by Grand View Research at www.grandviewresearch.com/industry/automotive-and-transportation Grand View Research has segmented the global dashboard camera market by technology, product, video quality, and region: Dashboard Camera Technology Outlook (Volume, Thousand Units; Revenue, USD Million, 2014 - 2025) • Basic • Advanced • Smart Dashboard Camera Product Outlook (Volume, Thousand Units; Revenue, USD Million, 2014 - 2025) • 1-Channel • 2-Channel Dashboard Camera Video Quality Outlook (Volume, Thousand Units; Revenue, USD Million, 2014 - 2025) Follow Us:
• SD & HD • Full HD & 4K Dashboard Camera Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2014 - 2025) • North America oU.S. oCanada • Europe oGermany oItaly oU.K. oFrance o Spain • Asia Pacific oChina oIndia oMalaysia oTaiwan oSingapore • Latin America oBrazil oMexico • Middle East & Africa Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-dashboard-camera-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For More Information: www.grandviewresearch.com Contact: Follow Us:
Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email:sales@grandviewresearch.com For More Information:http://www.grandviewresearch.com Follow Us:
