Industry Background:
Dashboard cameras are onboard cameras that usually capture and record through a vehicles front windscreen and sometimes rear or other windows. Dashboard cameras market is expected to mark significant growth over forecasted period owing to increasing occurrences displaying footage of road accidents and technological advancement. There has been significant rise in number of shipments of dash cams with figure stood up 285,000 in United States alone in 2017, so the future for dashboard cameras looks promising. The major companies are adding more proven technologies systematically and strategically in Asia-Pacific countries as these countries are focused on fastest-growing verticals in the high-resolution feed and real streaming media mirror.
According to AMA, the market for Dashboard Cameras is expected to register a CAGR of 14.9% during the forecast period to 2026. This growth is primarily driven by Increase Preference Among Motorist Boost the Dashboard Cameras Market. and Increase Awareness among the Global Population Regarding Car Digital Video Recorders..
Globally, a noticeable market trend is evident Collaboration and Tie Up Of Leading Players
. The Photographic Products sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Hewlett-Packard Company (United States), DOD-Tech Co. Ltd. (China), ABEO Company Co. Ltd. (Taiwan), Panasonic Corporation (Japan), Aiptek Inc. (Taiwan), Garmin (United States), LG Corporation (South Korea), Qrontech Co. Ltd. (Korea), Pittasoft Co. Ltd. (Korea) and Satechi Baravon (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In April 2019, Kent launched a dashboard camera called the CamEye which is beneficial in providing 4G connectivity and also tracks the real-time GPS location of a car. It also offers live video streaming cameras on the mobile phone through the cellphone application.
Market Drivers
- Increase Preference Among Motorist Boost the Dashboard Cameras Market.
- Increase Awareness among the Global Population Regarding Car Digital Video Recorders.
Market Trend
- Collaboration and Tie Up Of Leading Players
- Value Oriented Consumers
Restraints
- Distraction of Drivers Due to Dashboards Cameras Hampers the Market.
- Incapability of Appropriate Footage and Record Associated With in Dashboard Cameras Market.
Opportunities
Rising Incidents of Road Rage Leads to Grow the Dashboard Cameras Market. and Upsurge Demand Prevent Against Staged Accidents.
Challenges
Limitation on the Government Rules and Regulation are Anticipated to Challenge the Market.
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Dashboard Cameras Study Sheds Light on
The Dashboard Cameras Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Dashboard Cameras industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Dashboard Cameras industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.