Dashboard Camera Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020-2025

Report Code: AM 57264 Report Format: PDF + Excel (Delivery in 48 Hrs)

Overview

Dashboard Camera market size is forecast to reach $6.5 billion by 2025, at a CAGR of 15.20% during 2020-2025. Increased number of road accidents and thefts for the past few years are major factors that propel market growth. In 2018, according to the report given by the Federal Bureau of Investigation (FBI), about 748,841 vehicles were stolen in the U.S. alone. In addition mandatory regulations made by governments of different countries to install dashcam drive the market. In 2019, according to the U.S. Federal government, it is mandatory to install onboard cameras in new cars. In addition to this several insurance companies are contributing to the increase in dashboard camera sales by offering discounts on car insurance as it can reduce insurance frauds or claims by using these cameras as event data recorders. All these regulations will positively affect the dashboard camera market in the forecast period.

Report Coverage

The report: “Dash Board Camera Market Report – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the DashBoard Camera Market. 

Key Takeaways

Dual-channel Cameras are expected to witness highest CAGR during the forecast period owing to increasing preference for dual-channel dashboard cameras as it contains two cameras with high resolution feed for front and back video recording.

North America dominated the dashboard camera market share with a share of more than 38% due to stringent regulations.

The smart dashboard camera segment is expected to witness the fastest growth over the forecast period due to availability of seamless wireless connectivity and rising demand for the integration of smart cameras with Advanced Driver Assistance Systems (ADAS) technology.

Sharp Drop In the sales of passenger car production in United States and other developed market will hinder the growth of Dashboard Camera market

Type - Segment Analysis

Dual-channel Cameras are expected to witness the highest CAGR of 10.3% during the forecast period owing to increasing preference for dual-channel dashboard cameras, over single-channel dashboard cameras among private and commercial vehicle owners as it contains two cameras with high-resolution feed for front and back video recording. Companies are continually innovating, developing their offerings and leveraging this opportunity. For instance, Thinkware launched a two-channel (2CH) dashcam F200 that records in full HD 1080p with wide dynamic range (WDR) and offers 720p HD at the rear. Similarly, it also launched Q800 PRO dash cam in the US, featuring Quad HD resolution and advanced IoT capabilities with Thinkware Cloud. This dual-channel dashcam has a built-in Wi-Fi functionality, which allows drivers to connect the Dash Cam directly to smartphones and download the footage easily. These advancements in technologies for dual-channel dashboard cameras will create demand for dash Board camera Market.

By Technology - Segment Analysis

The smart dashboard camera segment is expected to witness the highest CAGR of 9.8% over the forecast period due to availability of seamless wireless connectivity and rising demand for the integration of smart cameras with Advanced Driver Assistance Systems (ADAS) technology enables analyzing data such as speed and distance of the car in front and further providing alerts to the driver. Advanced driver assistance system functionalities such as collision avoidance systems, blind-spot detection, and lane departure warning systems are anticipated to drive this segment. On the other hand, 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

Geography - Segment Analysis

In 2018, North America dominated the Dashboard camera market share with a share of more than 38%, followed by Europe and APAC. In these countries, the government is aggressively implementing a regulatory framework to reduce the rise in the number of accidents and thefts. According to new federal regulations introduced in the U.S. in May 2018, it is mandatory to install dashboard cameras in new cars. Stringent regulations as such will drive the usage of the dashboard camera market in this region. Similarly, Canada is continuously creating an opportunity for the DashBoard camera market with the increased sales of automobiles in this region. The annual sales of FCA in Canada increased to 8.1% from last October. Along with the increase in production, the company has also invested $4.5 billion for expanding its production line for its newer models by installing advanced technologies such as ADAS, Dash boar cameras into it. This implementation of new technologies in the car will create opportunities for Dashboard Camera market.

Drivers –Dash Board Camera Market

Increase in the Number of Road Accidents and Thefts

Increase in number of road accidents and vehicular thefts are few of the major reason to install dash board camera in cars. For Instance according to the report given by the National Safety Council, Traffic fatalities on U.S. roads reached an estimated 40,000 in 2018, similarly the theft ratio was increasing rapidly. For Instance in 2018, there were over 114 thousand motor vehicle thefts in England and Wales in 2018 and increase of over 8 thousand offences when compared to 2017. Government of these regions implementing stringent rules to install dash board cameras thereby creates opportunities for this market in the forecast period.

Implementation of Stringent Government Regulations and Increasing Insurance Frauds

The demanding requirement from consumers and regulatory bodies are bringing disruption in the automotive industry, with new technological innovations. At present, the government is focusing on reducing the accidents and thefts of vehicles. In recent time, with these emerging requirement, Dash Board Cameras have become a vital component in the automobile industry as it reduces accidents and thefts of cars, with this emerging requirement several automobile companies are installing dashboard cameras in their vehicles. In 2018, automobile manufacturer, Citroen, has launched its first car to be sold in Australia, with a factory-fitted dashcam. It is integrated into the rearview mirror and records footage continuously unless the driver switches it off.  On the other hand, several insurance companies are contributing to the increase in dashboard camera sales by offering discounts on car insurance as it can reduce insurance frauds or claims by capturing on video events.

Challenges – Dash Board Camera Market

Drop In the sales of passenger car production:

Dash Board cameras are being widely deployed in passenger cars and the sales and productions of passenger cars are witnessing sluggish growth since 2016 owing to economy slow down and various government financial reformation activities worldwide. For instance, the rise in the Federal Reserve Interest rate has slowed down the sales of vehicles in the U.S. Since 2016. The production has also been declining during this period. During 2016 to 2018, the production of passenger cars have been decreased by approximately 40%. In 2017, Ford reported new vehicle sales down by approximately 1%-1.2%. GM reported a sales down by 0.9%-1.2%, while Fiat Chrysler sales were down by 7%-8.5% during 2016-2017. This could create a possibility of contraction of automotive market in the U.S., which will negatively affect the automotive Dashboard Camera market growth.

Market Landscape

Partnership, acquisitions and technology launches are key strategies adopted by players in the Dashboard Camera Market. In 2018, the market of Dashboard Camera industry outlook has been fragmented by several companies.  Dashboard Camera top 10 companies include Garmin Ltd, Panasonic Corporation, Harman International Industries Inc., HP Development Company LP, Amcrest Technology, Cnslink Ltd, Cobra Electronics Corporation, Dod Tech, Falcon Zero among others.

 Acquisitions/Technology Launches

In May 2019-Garmin unveiled a new Dash Cam lineup with the Dash Cam 46/56/66W and Dash Cam Mini, which is the perfect eyewitness for any drive.

In August 2018-LG Innotek announced that company was promoting thermal imaging infrared camera modules, the proposed thermal imaging camera  module can be used within the Advanced Driver Assistance System (ADAS) for automobiles and auto driving systems.

1. Dashboard Camera Market - Overview
        1.1 Definitions and Scope
2. Dashboard Camera Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Dashboard Camera Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Dashboard Camera Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Dashboard Camera Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Dashboard Camera Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Dashboard Camera Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Dashboard Camera Market - By Product (Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
            8.3.1 1-Channel
            8.3.1 2-Channel
9. Dashboard Camera Market - By Video Quality (Market Size -$Million / $Billion)
        9.1 Sd Hd
        9.2 Full Hd 4K
10. Dashboard Camera - By Technology (Market Size -$Million / $Billion)
        10.1 Basic
        10.2 Advanced
        10.3 Smart
11. Dashboard Camera- By Geography (Market Size -$Million / $Billion)
        11.1 Dashboard Camera Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Dashboard Camera- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Dashboard Camera- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Dashboard Camera - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Dashboard Camera - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Dashboard Camera Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Dashboard Camera Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Dashboard Camera Market - Key Company List by Country Premium
15. Dashboard Camera Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Amcrest Technology
15.3 Cnslink Ltd
15.4 Cobra Electronics Corporation
15.5 Dod Tech
15.6 Falcon Zero
15.7 Finedigital Inc
15.8 Garmin Ltd
15.9 Digilife Technology Co , Ltd
15.10 Honeywell International Inc
15.11 Itronics Group
15.12 Lukasdashcam
15.13 Panasonic Corporation
15.14 Pittasoft Co Ltd
15.15 Shenzhen Zhixinsheng Electronic Co , Ltd
15.16 Steelmate Co , Ltd
15.17 Tourmate
15.18 Vicovation
15.19 Watchguard Video
        15.20 Company 20
        15.21 Company 21 & More
*Financials would be provided on a best efforts basis for private companies
16. Dashboard Camera Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Dashboard Camera Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

List of Tables

1 US Dashboard Camera Market Size 2018
2 Canada Dashboard Camera Market Share 2018
3 Brazil Dashboard Camera Market Outlook 2019 - 2023
4 Mexico Dashboard Camera Market Research 2018
5 Germany Dashboard Camera Market Trends 2019 - 2023 
6 France Dashboard Camera Market Growth 2019 - 2023 
7 UK Dashboard Camera Market Demand 2019 - 2023 
8 Italy Dashboard Camera Market Segmentation 2018
9 Russia Dashboard Camera Market Analysis 2019 - 2023
10 China Dashboard Camera Market Revenue 2019 - 2023
11 Japan Dashboard Camera Market Volume 2019 - 2023
12 South Korea Dashboard Camera Market Potential 2019 - 2023
13 India Dashboard Camera Market Leaders 2018
14 Saudi Arabia Dashboard Camera Market Forecast 2019 - 2023 
15 Kuwait Dashboard Camera Market Value 2018

List of Figures

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