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Dashboard Camera Market
The growing desire for panoramic vehicle monitoring and security is a prominent factor driving the dashboard camera market.
Improved consciousness of driving securely, insurance advantages, and mishap evidence are pushing the market forward” - Polaris Market ResearchNEW YORK CITY, NY, UNITED STATES, November 14, 2024 /EINPresswire / -- The dashboard camera market forecast for 2032 is a specialized study of the
industry with a specific concentration on the global market trend analysis.
Polaris Market Research's latest research study reveals that the dashboard camera market size is projected to be valued at USD 4,007.03 million in 2023 and is expected to rise to USD 11,651.72 million in 2032. The market is expected to register a CAGR of 12.9% during the forecast period.
What is Dashboard Camera?
Dashboard cameras are compact gadgets that record the road as one drive. Their assistance is in the provision of safety and verification in instance of an accident. Dashboard cameras can assist one with insurance, exigency vigilance, and effortlessly seize road trip interest.
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Fueled by cigarette lighter cable or hardwired instantly to the fuse box, they will ascertain that one has clips of all road interests, dashboard cameras linked to the car, and record all the drives in instances of any kind of mishap. The growing trends of cloud storage, GPS tracking, and progressive driver help potential are impacting the dashboard camera market growth favorably.
Who Makes Dashboard Cameras?
.ABEO Technology CO., Ltd
.Amcrest Industries LLC
.CameraMatics
.Campark Electronics
.CNSLink Ltd.
.Cobra Electronics Corporation
.CP PLUS International
.DDPAI
.DOD Tech
.FalconEye Electronics
.FINEDIGITAL INC.
.Firstech, LLC
.Garmin Ltd.
are some of the leading players in the dashboard camera market.
Spearheading market contenders are funding massively in research and development to augment their product line, which will push the market growth in the near future.
Some of the latest developments in the market are:
.In April 2024, Thinkware initiated the ARC, a small binary channel dash cam with 2K resolution, WDR, Super Night Vision, parking surveillance, and GPS-sanctioned security vigilance.
.In March 2024, DDPAI declared two contemporary dash cams in the Malaysian market, one customized for cars and an alternate for two-wheeled vehicles.
What's Driving Market Forward?
Integration with Telematics Systems: Dashboard cameras are growingly combined with telematics systems, providing a complete perspective of driver behavior and vehicle running. Progressive models attach AI to inspect video clips, locate probable and affirmative driving actions, and convey real-time responses to drivers.
Road Security Measures: The growing requirement for road security measures is notably pushing the demand for the market. Road congestion mishaps stay one of the prominent causes of death worldwide, highlighting the pressing prerequisite for productive security solutions. This, in turn, is having a favorable impact on dashboard camera market sales.
Optimizing Insurance Claims: The demand for dashboard cameras in the commercial segment is surging due to the acquisition of fleet engineers to decrease the probability of mishaps, observe drive bearings, and maximize insurance assertion.
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Which Region Leads Market Growth?
Europe: Europe accounted for the largest dashboard camera market share. The region's robust growth is primarily due to manifold augmentation schemes by makers, growing consciousness connected to road security, and reassuring regulatory structures.
North America: North America is anticipated to witness significant growth from 2024 to 2032. This can be attributed to the surge in cases of vehicle stealing and accidental casualties in the region.
How Is Market Segmentation Done?
By Technology Outlook:
.Basic
.Advanced
.Smart
By Product Outlook:
.1-Channel
.2-Channel
.Rear View
By Video Quality Outlook:
.Standard Definition & High Definition (SD & HD)
.Full HD & 4K
By Application Outlook:
.Commercial Vehicle
.Personal Vehicle
By Regional Outlook:
.North America
oUS
oCanada
.Europe
oGermany
oFrance
oUK
oItaly
oSpain
oNetherlands
oRussia
oRest of Europe
.Asia Pacific
oChina
oIndia
oJapan
oMalaysia
oIndonesia
oSouth Korea
oThailand
oVietnam
oTaiwan
oPhilippines
oSingapore
oAustralia
oRest of Asia Pacific
.Middle East & Africa
oSaudi Arabia
oUAE
oIsrael
oSouth Africa
oRest of the Middle East & Africa
.Latin America
oMexico
oBrazil
oArgentina
oRest of Latin America
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FAQs:
How much is the dashboard camera market?
The market size was valued at USD 4,007.03 million in 2023 and is projected to reach USD 11,651.72 million by 2032.
What is the growth rate of the dashboard camera market?
The global market is projected to register a CAGR of 12.9% during the forecast period.
Which region held the largest market share?
Europe accounted for the largest share of the global market in 2023.
Which segment based on technology led the market in 2023?
The advanced segment dominated the market in 2023.
Browse PMR's Dashboard Camera Market Report Coverage from Different Publications:
Dashboard Camera Market Size Projected to Reach $11,651.72 Million by 2032, Expanding at a CAGR of 12.9%
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About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
Likhil G
Polaris Market Research and Consulting
+ +1 929-297-9727
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