Dashboard Camera Market Size (2024 - 2029)

The dashboard camera market is projected to experience significant growth over the forecast period, driven by increasing demand for enhanced driving assistance systems and the rising incidence of accidents and vehicle thefts. The market's expansion is particularly notable in the European region, where government mandates for dash cam installations have contributed to its rapid growth. Technological advancements have made dash cams more affordable and effective, further boosting their adoption. Despite a temporary stagnation due to the pandemic, the market is expected to recover and continue its upward trajectory, reflecting a robust increase in market size.

Market Size of Dashboard Camera Industry

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
Dashboard Camera Market Summary
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

Dashboard Camera Market Major Players

*Disclaimer: Major Players sorted in no particular order

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

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 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
Europe
Germany
United Kingdom
France
Russia
Italy
Spain
Rest of Europe
Asia Pacific
India
China
Japan
South Korea
Rest of Asia Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East and Africa
Saudi Arabia
South Africa
United Arab Emirates
Rest of Middle East and Africa
Need A Different Region Or Segment?
Customize Now

Dashboard Camera Market Size Summary

The dashboard camera market is experiencing significant growth, driven by advancements in technology and increasing demand for vehicle safety and security solutions. Originally developed for police use in the late 1980s, dashboard cameras have evolved into essential tools for both private and commercial vehicles. The market has expanded rapidly, particularly in Europe, due to rising accident rates and thefts, prompting government mandates for their installation. The introduction of smart and cost-effective dash cams has further fueled market growth, as companies like YI Technologies offer affordable options that encourage widespread adoption. The growing popularity of driving assistance systems, particularly in luxury vehicles, is also contributing to the market's expansion, as these systems enhance driver safety by identifying potential hazards.

North America is poised for substantial growth, with significant investments from companies and startups in the United States aimed at increasing market presence and adoption rates. The competitive landscape is marked by the presence of both small and large players, with major companies like Garmin Ltd and Panasonic Corporation leading the charge. Innovations such as dual-channel dash cams and advanced features like night vision and color boost algorithms are driving consumer interest. However, privacy concerns and the lack of direct insurance discounts in the United States may impact adoption rates. Despite these challenges, stringent regulations and the increasing need for vehicle safety are expected to propel market growth during the forecast period.

Explore More

Dashboard Camera Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Consumers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitutes

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Impact of COVID-19 on the Dashboard Camera Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Technology

      1. 2.1.1 Basic

      2. 2.1.2 Smart

    2. 2.2 By Product Type

      1. 2.2.1 Single-channel

      2. 2.2.2 Dual-channel

      3. 2.2.3 Rear-view

    3. 2.3 By Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

      2. 2.3.2 Europe

        1. 2.3.2.1 Germany

        2. 2.3.2.2 United Kingdom

        3. 2.3.2.3 France

        4. 2.3.2.4 Russia

        5. 2.3.2.5 Italy

        6. 2.3.2.6 Spain

        7. 2.3.2.7 Rest of Europe

      3. 2.3.3 Asia Pacific

        1. 2.3.3.1 India

        2. 2.3.3.2 China

        3. 2.3.3.3 Japan

        4. 2.3.3.4 South Korea

        5. 2.3.3.5 Rest of Asia Pacific

      4. 2.3.4 Latin America

        1. 2.3.4.1 Argentina

        2. 2.3.4.2 Brazil

        3. 2.3.4.3 Mexico

        4. 2.3.4.4 Rest of Latin America

      5. 2.3.5 Middle East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 United Arab Emirates

        4. 2.3.5.4 Rest of Middle East and Africa

Dashboard Camera Market Size FAQs

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.

In 2024, the Dashboard Camera Market size is expected to reach USD 4.54 billion.

Dashboard Camera Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)