Dashboard Camera Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 4.54 Billion |
| Market Size (2029) | USD 8.32 Billion |
| CAGR (2024 - 2029) | 12.90 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Dashboard Camera Market Analysis
The Dashboard Camera Market size is estimated at USD 4.54 billion in 2024, and is expected to reach USD 8.32 billion by 2029, growing at a CAGR of 12.90% during the forecast period (2024-2029).
The market studied expanded rapidly across the European region over the past few years due to a considerable rise in the number of accidents and thefts, resulting in various governments mandating the installation of dash cams.
- Dashboard cameras have evolved from the first cameras installed on police cars in the late 1980s. They were primarily analog cameras that did not have memory cards and were recorded on VHS cassettes. The industry transformed drastically in the 1990s when citizens began to install dash cams and use them to record driving instances. The advancements in technology have led to many improvements in the dash cams, such as high-quality video output and cost-effectiveness.
- The consistent drop in the prices of dash cams worldwide enabled the rapid growth of the market studied. Companies, such as YI Technologies, developed smart dash cams that cost as low as USD 50. The low cost of acquiring systems, along with the benefits associated with their installation, encourage end users to install them in their automobiles.
- Driving assistance systems have gained popularity, owing to the drastic rise in the number of accidental fatalities reported in the last decade. The demand for better assistance systems, categorically judging imminent dangers and guide drivers, is increasing, as these systems have emerged as a viable product in the automotive sector. Currently, driver assistance systems are predominantly being used in the luxury cars segment. Many connected car vendors are developing driver assistance technology, which is expected to be commercialized during the forecast period.
- Further, according to the NCRB (National Crime Records Bureau), Delhi reported 35,019 cases of vehicle thefts in 2021. Around 95 vehicles were stolen every day in Delhi, the maximum across all states and Union Territories in India.
- For instance, in February 2021, according to the National Police Agency (NPA), dashcam video evidence was used in 54 of the 58 road rage investigations conducted in the six months since the Road Traffic Act was changed to penalize "obstructive driving," indicating the difficulties of developing such a case in Japan. According to the NPA data, officers used dashcam footage in 93.1% of the 58 road rage cases they investigated.
- As the coronavirus pandemic spread since the first quarter of 2020, the market became stagnant due to the shut down of factories, causing a halt in automobile production, and thus changed consumer behavior to buying of essentials over spending on luxuries. For instance, according to Scotiabank, worldwide car sales increased to around 66.7 million automobiles in 2021, up from around 63.8 million units in 2020. The sector experienced a downward trend, along with a global slowdown of economy and the advent of the coronavirus pandemic in all key economies.
Dashboard Camera Market Trends
This section covers the major market trends shaping the Dashboard Camera Market according to our research experts:
Dual-channel Cameras to Witness Significant Growth
- Multi-lens dashboard cameras represent a lucrative segment to invest in for dashboard camera manufacturers. There has been an increasing preference for dual-channel dashboard cameras over single-channel dashboard cameras.
- These cameras are gaining popularity among private and commercial vehicle owners. Dual-channel dashcam systems comprise two cameras with high-resolution feed for front and rear video recording.
- For instance, in August 2022, DPPAI launched the Z50 dash cams model, As in Z-series, continuing the preview screen and sleek design but upgraded details with powerful performance. This is a 4K Dual Dash Cam. Compared with Z40, Z50 is more powerful in image processing and resolution. With advanced color boost algorithms and NightVIS technology, Z50 records with sharper details, balanced lighting, and vivid color even in dark conditions.
- Further, the introduction of innovative technology applications by the companies is driving the growth of the market. For instance, Thinkware launched its dual-channel Dash Cam F800 Pro, which has improved features over the F800 model. The new dashcam offers enhancements, such as better power management for hard -wired installations and a different color scheme, while retaining the best -in -the - business night capture
- With the increasing traffic-related fatalities across the globe, the market is expected to witness positive growth. The adoption rate of dash cams can be affected by several concerns regarding privacy issues, such as recording others involved in accidents without their permission, which is a breach of privacy. In countries, such as Belgium, Portugal, and Austria, privacy laws ban recording people without their consent with a dash cam.
North America to Witness Significant Growth
- North America is expected to witness significant growth led by various companies and startups in the United States starting to make substantial investments to increase their presence and aid the region's adoption rate. Moreover, the existing companies are innovating new products to expand the product portfolio to gain market traction and increase their market share.
- For instance, Garmin International Inc. launched the new Dash Cam 46/56/66W and the Dash Cam Mini, the latest additions to its popular dashboard camera lineup. The new series includes an ultra-compact design, high-resolution video, an extra-wide view, GPS, and voice control; the drivers can easily find a Garmin dash cam that is tailored to their specific needs.
- Similarly, a group of startups in the United States have developed an innovative business model wherein the drivers are offered monetary rewards for installing dashboard cameras in their vehicles. As a result, an increasing number of ride service providers across North America, such as Lyft and Uber, have started deploying in-car DVRs to record their rides.
- Besides, the current lack of direct discounts from insurance companies for the installation of dashcams is estimated to impact the low interest of US consumers. However, stringent regulations mandated by the government, due to the growing number of accidents in the United States, are expected to propel the growth.
Dashboard Camera Industry Overview
The Global Dashboard Camera Market is very competitive in nature. The market is highly concentrated due to the presence of various small and large players. All the major players account for a large share of the market and are focusing on expanding their consumer base across the world. Some of the significant players in the market are Garmin Ltd, Panasonic Corporation, Aiptek Inc., ABEO Company Co. Ltd, Papago Inc., Steelmate Automotive (UK) Ltd, HP Development Company LP, DOD Tech, and many more. The companies are increasing the market share by forming multiple partnerships and investing in introducing new products to earn a competitive edge during the forecast period.
- May 2022 - Garmin and FIAT partnered to launch new Panda and Tipo special editions. The ideal solution for customers who need a car to explore outdoors or to escape everyday routine. Both models feature the new Foresta Green livery, exclusive to the new Garmin special series, embellished with orange details, exclusive matte light grey exterior highlights, and dedicated wheels that accentuate the cross look. The dash cam footage in vehicles can also be used to help others if they meet with an accident in front of people.
Dashboard Camera Market Leaders
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Garmin Ltd
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Panasonic Corporation
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Samsung Electronics Co., Ltd. (Harman International Industries, Inc.)
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HP Development Company LP
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Steelmate Automotive (UK) Ltd
*Disclaimer: Major Players sorted in no particular order
Dashboard Camera Market News
- August 2022 - Garmin International, Inc. announced the Garmin DriveCam 76 and RVcam 795 all-in-one navigators with a built-in, high-definition dash cam1. Both models feature a sharp 7-inch display, 1080p HD video recording, and a wide 140-degree field of view to capture a broad picture of the road ahead. The camera continuously records and saves videos of detected incidents and serves as an eyewitness behind the wheel once plugged in. Garmin DriveCam 76 and RVcam 795 bring premium navigation technology and high-definition video capabilities to everyday and recreational drivers.
- February 2022 - THINKWARE announced the launch of the F790 dash camera, the latest addition to THINKWARE's F-series line of dash cams built for commercial and consumer use. The F790 includes added features to facilitate fleet management systems to track vehicle conditions and maximize efficiency to cater to the commercial and fleet management markets.
Dashboard Camera Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
- 4.1 Market Overview
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4.2 Industry Attractiveness - Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Consumers
- 4.2.3 Threat of New Entrants
- 4.2.4 Threat of Substitutes
- 4.2.5 Intensity of Competitive Rivalry
- 4.3 Impact of COVID-19 on the Dashboard Camera Market
5. MARKET DYNAMICS
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5.1 Market Drivers
- 5.1.1 Increase in the Number of Road Accidents and Thefts
- 5.1.2 Favorable Insurance Policies
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5.2 Market Challenges
- 5.2.1 Reliability and Privacy Issues
6. MARKET SEGMENTATION
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6.1 By Technology
- 6.1.1 Basic
- 6.1.2 Smart
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6.2 By Product Type
- 6.2.1 Single-channel
- 6.2.2 Dual-channel
- 6.2.3 Rear-view
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6.3 By Geography
- 6.3.1 North America
- 6.3.1.1 United States
- 6.3.1.2 Canada
- 6.3.2 Europe
- 6.3.2.1 Germany
- 6.3.2.2 United Kingdom
- 6.3.2.3 France
- 6.3.2.4 Russia
- 6.3.2.5 Italy
- 6.3.2.6 Spain
- 6.3.2.7 Rest of Europe
- 6.3.3 Asia Pacific
- 6.3.3.1 India
- 6.3.3.2 China
- 6.3.3.3 Japan
- 6.3.3.4 South Korea
- 6.3.3.5 Rest of Asia Pacific
- 6.3.4 Latin America
- 6.3.4.1 Argentina
- 6.3.4.2 Brazil
- 6.3.4.3 Mexico
- 6.3.4.4 Rest of Latin America
- 6.3.5 Middle East and Africa
- 6.3.5.1 Saudi Arabia
- 6.3.5.2 South Africa
- 6.3.5.3 United Arab Emirates
- 6.3.5.4 Rest of Middle East and Africa
7. COMPETITIVE LANDSCAPE
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7.1 Company Profiles
- 7.1.1 Garmin Ltd
- 7.1.2 Panasonic Corporation
- 7.1.3 Aiptek Inc.
- 7.1.4 Samsung Electronics Co., Ltd. (Harman International Industries, Inc.)
- 7.1.5 DOD Tech
- 7.1.6 Steelmate Automotive (UK) Ltd
- 7.1.7 HP Development Company LP
- 7.1.8 Thinkware Dash Cam
- 7.1.9 Cobra Electronics Corporation
- 7.1.10 LG Electronics Inc.
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
Dashboard Camera Industry Segmentation
The Global Dashboard Camera Market is segmented by Technology (Basic, Smart), Product Type (Single-channel, Dual-channel, Rear-view), and Geography. Dashboard cameras are onboard cameras that continuously record the view through a vehicle's front windscreen and sometimes rear or other windows. The essential benefits of vehicle dashboard cameras are their accident recording capabilities. They help to capture vehicle collations on video, which ensures that there is always a witness around. Dashcams are also placed on truck dashboards, which help to record front-facing videos.
| By Technology | Basic | |
| Smart | ||
| By Product Type | Single-channel | |
| Dual-channel | ||
| Rear-view | ||
| By Geography | North America | United States |
| Canada | ||
| By Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Russia | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| By Geography | Asia Pacific | India |
| China | ||
| Japan | ||
| South Korea | ||
| Rest of Asia Pacific | ||
| By Geography | Latin America | Argentina |
| Brazil | ||
| Mexico | ||
| Rest of Latin America | ||
| By Geography | Middle East and Africa | Saudi Arabia |
| South Africa | ||
| United Arab Emirates | ||
| Rest of Middle East and Africa |
Dashboard Camera Market Research FAQs
How big is the Dashboard Camera Market?
The Dashboard Camera Market size is expected to reach USD 4.54 billion in 2024 and grow at a CAGR of 12.90% to reach USD 8.32 billion by 2029.
What is the current Dashboard Camera Market size?
In 2024, the Dashboard Camera Market size is expected to reach USD 4.54 billion.
Who are the key players in Dashboard Camera Market?
Garmin Ltd, Panasonic Corporation, Samsung Electronics Co., Ltd. (Harman International Industries, Inc.), HP Development Company LP and Steelmate Automotive (UK) Ltd are the major companies operating in the Dashboard Camera Market.
Which is the fastest growing region in Dashboard Camera Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Dashboard Camera Market?
In 2024, the Asia Pacific accounts for the largest market share in Dashboard Camera Market.
What years does this Dashboard Camera Market cover, and what was the market size in 2023?
In 2023, the Dashboard Camera Market size was estimated at USD 4.02 billion. The report covers the Dashboard Camera Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Dashboard Camera Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What are the key factors driving the Dashboard Camera Market?
Key factors driving the Dashboard Camera Market are a) Rising awareness of vehicle safety b) Increasing demand for vehicle surveillance s) Supportive government initiatives for installing dashboard cameras
What are the key challenges faced by the Dashboard Camera Market?
Key Challenges faced by the Dashboard Camera Market are a) Privacy concerns b) Legal restrictions in certain countries c) High installation costs for high-quality devices
Dashboard Camera Industry Report
The global dashboard camera market is experiencing robust growth, driven by increasing consumer awareness of vehicular safety and the benefits of in-vehicle video surveillance. Technological advancements have led to the development of dashboard cameras with enhanced features such as high-definition video recording, night vision, and advanced driver assistance systems (ADAS), including lane departure warnings and collision avoidance systems. These innovations are making dashboard cameras an essential tool for enhancing road safety and security, contributing to the overall expansion of the in-vehicle video surveillance market size. The rising demand for dashboard cameras across various segments, including personal and commercial vehicles, is attributed to the need for evidence in the event of road mishaps and the rising incidence of insurance fraud involving vehicles. Additionally, the market is witnessing a trend towards the integration of smart technologies, which offer features like real-time monitoring and GPS tracking, further driving the adoption of dashboard cameras. For detailed statistics on the dashboard camera market share, size, and revenue growth rate, access a free report PDF download from Mordor Intelligence™ Industry Reports, which includes a market forecast outlook and historical overview.
