The global dash cam market was worth about USD 3,541.3 million in 2021 and is expected to grow to about USD 7,027.4 million by 2028, at a compound annual growth rate (CAGR) of about 12.1% during the forecast period.
The report examines the market’s drivers, restraints/challenges, and the impact they have on demand during the forecast period. Furthermore, the report investigates emerging opportunities in the dash cam market.
Dash Cam Market: Overview
A dashboard camera, also known as a dashcam, car DVR, event data recorder (EDR), or driving recorder, is a specialised portable onboard camera that is installed inside the windscreen of a car. A “dashboard camera” is a small video camera that is mounted on the dashboard or windscreen of both passenger vehicles and commercial vehicles such as lorries and trailers. Increased government initiatives and public awareness of in-car safety are expected to drive market growth. Dashboard camera adoption and profitability are expected to drive market growth in the coming years in countries such as Russia, France, and Canada. In recent years, the rising incidence of the disease has been a major driver of the product’s demand.
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Dash Cam Market: Segmentation
Based on technology, the market is divided into three categories: basic, advanced, and smart. Between 2021 and 2028, the smart dashboard camera market is expected to grow at a CAGR of more than 16.0 percent. The growth of this market will be driven by a simple setup, the highest quality camera lens, and a wide range of control options, including via smartphones.
The market is divided into three product categories: 1-channel, 2-channel, and rear view (front & rear view). From 2021 to 2028, the rear-view mirror market is expected to grow at the fastest CAGR in terms of volume. The market is divided into commercial vehicles and personal vehicles based on application.
By video quality, the market is divided into SD & HD and full HD & 4K. In terms of volume, it is predicted that the full HD & 4K segment will experience the highest CAGR during the projection period. This is related to their ability to record movies at a higher resolution, which can be used as admissible evidence by courts, law enforcement, and insurance companies.
Dash Cam Market: Competitive Landscape
Some of the main competitors dominating the global dash cam market include – Garmin Ltd.; ABEO Technology; Falcon Zero LLC; Pittasoft Co. Ltd.; Cobra Electronics Co; Panasonic Corporation; DOD TechDJI
Global Dash Cam Market is segmented as follows:
By Technology
Basic
Advanced
Smart
By Product
1-Channel
2-Channel
Rear View (Front & Rear View)
By Video Quality
SD & HD
Full HD & 4K
By Application
Commercial Vehicle
Personal Vehicle
By Distribution Channel
Online
In-store
By Region
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
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