Car Dashcam Market Overview:-
Car Dashcam Market size was valued at USD 3.14 Billion in 2020 and is projected to reach USD 8.59 Billion by 2028, growing at a CAGR of 13.44% from 2021 to 2028.
A dash cam is a tiny, windscreen-mounted device made to capture everything in front of the driver and, in certain cases, from the driver’s rear. In addition to saving drivers money on their insurance, it can serve as an impartial witness for a motorist in an accident. The majority of dash cams also have a parking mode that can record mishaps and prevent theft and damage. These cameras are also primarily used to help drivers with parking, night vision, evaluating the operation of their vehicles, and gathering important information. Additionally, they contain sophisticated computer vision algorithms that extract useful data from the acquired photos for the driver to use for a variety of applications.
A dashboard camera, commonly referred to as a dashcam, car DVR, event data recorder (EDR), or driving recorder, is a specialised portable onboard camera mounted inside a car’s windscreen. The term “dashboard camera” refers to a small video camera that is mounted in the dashboard or windscreen of passenger cars as well as commercial vehicles like lorries and trailers. The electrical system of the car is used to power these cameras. Both manual and automatic controls are available, with the automatic system activating the moment the car’s ignition is turned on.
One of the most useful instruments for fleet management is a dashboard camera. The cost of operation soars in industries where fleet cars are used for the majority of the activity. Dashboard cameras are essential for lowering operational costs since they can save businesses time and money each year so they can concentrate on more crucial tasks that boost earnings. Additionally, it enables the business to lower accident rates and stop fraud.
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Segmentation:-
Global Car Dashcam Market: Major Players
DEC
Shinco
Newsmy
Incredisonic
Samsung
Careland
DOD
Kehan
Blackvue
Papago
HP
Garmin
GFGY Corp
Supepst
MateGo
Philips
Cansonic
VDO
Jado
Blackview
Wolfcar
DAZA
Eheak
Auto-vox
Sast
Global Car Dashcam Market: By Types
Integrated
Portable
Global Car Dashcam Market: By Applications
Passenger Vehicle
Commercial Vehicle
Drive:-
Driving assistance systems have become more and more common as a result of the rapid rise in recorded accidental fatalities over the previous ten years. There is an increasing need for more sophisticated support systems that objectively assess impending dangers and direct drivers as these systems have grown into marketable goods in the automotive industry. The luxury car segment is currently where driver assistance technologies are most frequently deployed. Leading automakers are creating a driving assistance product that is expected to be marketed during the forecast period. rising dashcam installation and sales in both personal and commercial cars.
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Reasons to Purchase this Report
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
