The
global dashboard camera market size is expected to reach USD 1.84 billion by
2022 according to a new report by Grand View Research, Inc. Favorable
government initiatives and rising demand for vehicular safety are expected to
boost global dashboard camera market growth.The industry is expected to witness
an upsurge in demand for dashcams in passenger and commercial vehicles by
positively driving industry growth over the forecast period.
Dashcams
facilitate in recording video footage of road accidents and other untoward
incidents through windshield and assist in collecting evidences to be used in
case of impending legal actions. These legitimate evidences can be produced in
courts in matter of disputes against the offenders.
Increasing
acts of vandalism, car thefts, and wreckages are presumed to trigger the demand
for automotive surveillance systems. Dashcams provide automotive surveillance
even in the absence of driver and in parking mode.
However,
several countries in the European region such as Switzerland and Austria are
facing bans on use of dashcams. Violation of privacy and vulnerability towards
unethical hacking have hampered the reliability of such in-car DVR systems.
In depth research report on Dashboard Camera Market
Further key findings from the report suggest:
·
Single-channel dashcam segment
dominated the global in-vehicle dashboard camera industry accounting for more
than 70% of the industry share in 2014. Dual-channel dashcam systems comprise
two cameras with high-resolution feed for front and rear video recording.
Dual-channel systems are relatively costly as compared to single-channel
systems as they enable video recording of external as well as in-car events.
·
Industry players are focusing
on revenue generation through product differentiation. Vendors are emphasizing
on developing dashcams that can be integrated with high-end technologies such
as high-resolution night vision cameras and integrated GPS. Vendors such as
LyfeLens and BlackVue recently introduced advanced in-car DVR systems that
connect the car and smartphones and provides users with insight of actions
happening in and around the vehicles via real-time data, live video feeds, and
push notifications.
·
The Asia Pacific regional
market contributed to approximately 30% of the overall revenue share in 2014.
Increase in funding initiatives and increased focus on fraud prevention
offering road safety to motorists and passengers are anticipated to impel
growth in the regional market. Concentrated presence of manufacturers, higher
production capabilities, and availability of cheap labor in countries such as
China, and Taiwan are expected to fuel the demand for dashcams in the region.
·
Key industry participants include
Amcrest Technologies, Falcon Zero, Fine Digital, Inc., ITronics Group, and
WatchGuard Video. Innovative distribution and marketing strategies adopted by
vendors such as authorized e-commerce retailersare expected to positively
influence industry growth.
Grand
View Research has segmented the global dashboard camera market on the basis of
technology, product, video quality, and region:
Dashboard Camera Technology Outlook (Revenue, USD
Million, 2012 - 2022)
·
Basic
·
Advanced
·
Smart
Dashboard Camera Product Outlook (Revenue, USD
Million, 2012 - 2022)
·
Single Channel
·
Dual Channel
Dashboard Camera Video Quality Outlook (Revenue, USD
Million, 2012 - 2022)
·
Standard Definition
·
High Definition
Dashboard Camera Regional Outlook (Revenue, USD
Million, 2012 - 2022)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
MEA
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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, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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