The North America automotive dashboard camera market is expected to grow at a rapid pace due to the high popularity of automobile safety systems and government regulations for the integration of back-up cameras. For instance, the U.S government passed a regulation to mandate the implementation of back-up cameras in all new vehicles in the country from May 2018. India and China are witnessing a high demand for dashboard cameras in recent years, due to the rise in road accidents, insurance frauds, and lack of pedestrian safety in these countries. This increasing focus on road & vehicle safety in Asian countries is promoting the market expansion.
The automotive dashboard camera market is witnessing significant growth owing to the increasing trend of smart dashboard cameras. The integration of smart cameras with ADAS technology enables analyzing data such as speed & distance of the car in front and further providing alerts to the driver. The demand for smart components is rising owing to their capability of recording ultra HD footage and obstacle detection on roads. Increasing implementation of these devices in autonomous vehicles is fueling the automotive dashboard camera market growth at a rapid pace.
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The utilization of these devices in commercial vehicles has witnessed a high demand in recent years. The increasing implementation of back up cameras in taxis is supporting automotive dashboard camera market growth. These devices are used to monitor vehicle location through its inbuilt GPS modules. They are implemented in commercial vehicles by the training institutes for training new drivers. Technological developments, such as 360-degree cameras, are supporting a higher implementation in commercial vehicles, which will fuel the market growth. The demand for these cameras is attributed to various features such as 360-degree view, park mode detection, night vision, 4G LTE connectivity, etc.
Automotive Dashboard Camera Market is anticipated to grow substantially over the forecast time period due to rapid growth of automotive sector and integration of various safety components into vehicles globally. These cameras are used in vehicles owing to the capabilities of recording high-quality footage of the road activities. This footage can be used as a proof in federal courts in cases of accidents for claiming insurance. This technology is gaining popularity amongst vehicle owners due to the additional legal protection in cases of accidents and road fatalities.
The automotive dashboard camera market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipment in Units from 2015 to 2025, for the following segments:
Global Market Segmentation:
- Mono channel
- Dual channel
By Vehicle Type
- Passenger Cars
- Utility Vehicles
- Commercial Vehicles
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- South Africa
A major factor pertaining to the automotive dashboard camera market is the thermal noise of these devices. Noise reduction is essential in automotive systems as the image quality is directly impacted by these parameters. Companies are developing Ethernet cameras, which will reduce the thermal noise to a great extent. These cameras need a memory card for storage space, which will lead to recurring costs for buying memory cards.
Key players operating in the automotive dashboard camera market include Garmin Ltd., Koninklijke Philips N.V., Xiaomi, JVCKENWOOD Corporation, Waylens Inc., Intensity Security, Honeywell International Inc., Valeo SA, and Aptiv PLC. Players in the market are adopting various strategies such as high investments in R&D activities, M&A activities, partnerships, and collaborations to gain a competitive edge, high revenues, and gain leadership.
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In the automotive dashboard camera market, dual channel dash cameras are expected to gain high traction owing to their implementation in private taxi services such as Uber, Lyft, Bookmycab, etc. These devices are energy efficient and provide recording feature of both internal & external environments of vehicles. The components have gained popularity in commercial vehicle security segments across the globe due to their dual recording features. These devices have built-in GPS and Wi-Fi, which will support the live location tracking feature, which allows the owner to access using smartphone applications. The availability of impact & motion detection features aids in speed detection and vehicle accidents, further providing alerts to drivers.
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