The global dash cams market was valued at USD 3,541.3 million in 2021, and it is expected to grow to USD 7,027.4 million by the end of 2028, at a CAGR of nearly 12.1% between 2021 and 2028.
The motivators, restraints, and challenges of the market are examined, as well as the impact they will have on demand over the forecasted time frame. Furthermore, the article investigates new opportunities in the dash cam industry.
Dash Cam Market: Overview
A dashboard camera is a specialised, onboard, portable camera that is installed inside the windscreen of a vehicle. A driving recorder, event data recorder (EDR), dashcam, or automobile DVR are other names for it. A “dashboard camera” is a small video camera mounted on the dashboard or windscreen of a commercial vehicle, such as a truck, trailer, or passenger car. Increased government initiatives and public awareness of automotive safety are expected to drive market growth. Dashboard camera markets in Russia, France, and Canada are expected to grow more rapidly in the coming years due to their popularity and profitability. The product’s demand has been a significant factor in the condition’s rising incidence in recent years. Also see Ahmedabad CBSE School.
Dash Cam Market: Segmentation
The market is divided into three categories based on technology: basic, advanced, and smart. The smart dashboard camera market is expected to grow at a CAGR of more than 16.0 percent between 2021 and 2028. The best camera lens currently available, simple setup, and a variety of control options, including those via mobile devices, will all contribute to the market’s expansion.
There are three product categories in the market: 1-channel, 2-channel, and rear view (front rear view). The market for rear-view mirrors is expected to grow at the fastest rate in terms of volume from 2021 to 2028. Personal and commercial vehicles are classified on the market based on their intended use.
By video quality, the market is divided into SD HD and full HD 4K. In terms of volume, it is predicted that the full HD 4K segment will experience the highest CAGR during the projection period. This is related to their ability to record movies at a higher resolution, which can be used as admissible evidence by courts, law enforcement, and insurance companies. Also read cbse high school
Dash Cam Market: Competitive Landscape
Some of the main competitors dominating the global dash cam market include – Garmin Ltd.; ABEO Technology; Falcon Zero LLC; Pittasoft Co. Ltd.; Cobra Electronics Co; Panasonic Corporation; DOD TechDJI
Global Dash Cam Market is segmented as follows:
Rear View (Front Rear View)
By Video Quality
Full HD 4K
By Distribution Channel
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East Africa
Rest of Middle East Africa
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