DUBLIN--(BUSINESS WIRE)--The "Dashcams Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030" report has been added to ResearchAndMarkets.com's offering.
The global dashcams market is expanding at a CAGR of 13.4% through the forecast period 2022 to 2030.
The market for dashcams is growing rapidly with increasing awareness about the benefits of dashcams particularly among the private vehicle owners. In addition, dashcams are widely used by taxi and bus drivers, driving instructors, police officers and many others to capture real time driving incidences.
Companies Mentioned
- Garmin Ltd
- Cobra Electronics Corporation
- Pittasoft Co. Ltd (BlackVue)
- Papago Inc
- AIPTEK International Inc
- QRONTECH Co. Ltd.
- DOD Tech Co. Ltd.
- Mio Technology Corporation
- S.WILL INDUSTRIAL LIMITED
Dashcams provides straight to point and efficient evidence in case of accidents to easily identify the fault of driver. Drivers can use this footage in court to prove their innocence, and claims repair cost for other driver who found guilty in the video. These footages are also accepted by some insurance companies as such video footages help them to identify fraud claims and reduce operational costs required for claim processing.
In addition, parents can install multi lens dashboard camera to take the footages of in-car driver activities of teen age drivers. In addition insurance companies particularly in European countries are providing discounts and subsidiaries to install dashcams. All the above factors are influencing the demand for dashcams across the world.
Based on different product types available in the market, the dashcams market is segmented into two categories, namely - basic dashcams and advanced dashcams. Basic dashcams accounted for the largest revenue as well as volume market share in 2021 and is expected to remain the largest share through the forecast period.
However, with increasing awareness about the benefits of advanced dashcams and discounts offered by insurance companies, market share of advanced dashcams are expected to see the fastest growth through the forecast. Basic dashcams are video cameras with removable or built-in storage device which continuously records during driving. Basic dashcams are affordable and suitable for video recording purpose. This product category accounted for the largest revenue as well as volume share compared to advanced dashcams due to their low cost. The market for basic dashcams is expected to grow further with increasing demand from Asia Pacific, Russia.
Advanced dashcams have some additional feature with basic functionality of video recording such as audio recording, GPS logging, speed sensors, accelerometers, uninterruptable power supply etc. Some advanced dashcams also includes loop recording function in which dashcam simply overwrite at the beginning of memory card whenever memory is full. This would not required from drivers attention until driver want to save particular video.
Some dashcams also provide data and time stamp facility. Cameras with GPS logging records the drivers location at which accident is occurred so it might be considered as an authenticate evidence in case of accidents to prove driver's' innocence and to claim insurance. Some insurance companies are also started giving discounts on their premium if car owners have installed dashcams in their vehicles which is motivating vehicle owners to purchase advanced dashcams.
Key questions answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Dashcams market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Dashcams market?
- Which is the largest regional market for Dashcams market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East - Africa?
- Which are the key trends driving Dashcams market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Dashcams market worldwide?
Key Topics Covered:
1. Preface
2. Executive Summary
3. Dashcams Market: Business Outlook & Market Dynamics
3.1. Introduction
3.2. Global Dashcams Market Value, 2020 - 2030, (US$ Million)
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Restraints
3.3.3. Key Challenges
3.3.4. Key Opportunities
3.4. Impact Analysis of Drivers and Restraints
3.5. See-Saw Analysis
3.6. Porter's Five Force Model
3.7. PESTEL Analysis
3.8. Heptalysis Analysis
3.9. Critical Investigation of Business Problems Through Five Whys Root Cause Analysis & Relevant Solutions
4. Dashcams Market: By Product Type, 2020-2030, USD (Million)
5. Dashcams Market: By Technology, 2020-2030, USD (Million)
6. North America Dashcams Market, 2020-2030, USD (Million)
7. UK and European Union Dashcams Market, 2020-2030, USD (Million)
8. Asia Pacific Dashcams Market, 2020-2030, USD (Million)
9. Latin America Dashcams Market, 2020-2030, USD (Million)
10. Middle East and Africa Dashcams Market, 2020-2030, USD (Million)
11. Company Profile
For more information about this report visit
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900