Market Size of North America Dashboard Camera Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 15.40 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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North America Dashboard Cameras Market Analysis
The North America Dashboard Camera Market is expected to register a CAGR of 15.4% during the forecast period 2022 to 2027. The market studied has expanded rapidly over the last few years due to a considerable rise in accidents and thefts, which have led to the government mandating the installation of dashcams.
- The driving assistance systems have recently gained popularity due to the drastic increase in the number of accidental fatalities reported in the last decade. The demand for better assistance systems to categorically judge imminent dangers and guide drivers has emerged as a viable product in the automotive sector.
- Although dash cams are available only in high-end automobiles from companies like Tesla, BMW, Mercedes-Benz, Volvo, and Cadillac, consumers are already familiar with them. Consumers are well aware of the potential security benefits of camera footage from dash cameras, body cameras, mobile phones, and doorbell cameras, thanks to an inflow of personal video in social and mainstream media in recent years.
- Autonomous cars with dashboard cameras offer increased data transparency, which is expected to relieve public fears and lead to safer deployments of driverless technology. Autonomous vehicles are already in use across the United States. In 2021, over 80 firms were actively testing more than 1,400 self-driving cars, trucks, and other vehicles in 36 states and Washington, DC.
- For example, in April 2021, two men were killed in Texas after a Tesla they were riding in crashed and caught fire, with neither of the guys in the driver's seat, according to investigators. At the same time, the National Highway Traffic Safety Administration announced that it was looking into nearly two dozen crashes involving Teslas that were either using or may have been using Autopilot. In such circumstances, dashcams become quite helpful for forensic purposes.
- Hence, dashboard cameras and the data captured can be used to upgrade the sensor and other technologies that power autonomous vehicles. Currently, most fully autonomous vehicles are in their testing phase. Several automobile industry giants, like BMW, Daimler, Volkswagen Group, and Volvo, are testing their self-driving cars.
- The COVID-19 outbreak and the associated lockdowns across the globe have affected industrial activities worldwide. Some effects of the lockdown include supply chain disruptions, the lack of availability of raw materials used in the manufacturing process, labor shortages, fluctuating prices, and shipping problems.
North America Dashboard Cameras Industry Segmentation
Dashboard cameras are the onboard cameras used in various automobiles that continuously record the view through a vehicle's front windscreen and sometimes rear or other windows. The essential benefits of a vehicle dashboard camera are its accident recording capabilities. It primarily helps to capture vehicle collations on video, ensuring a witness is always around.
The North America Dashboard Camera Market is Segmented by Technology (Basic, Smart), Distribution Channel (Offline, Online), and Country.
By Technology | |
Basic | |
Smart |
By Distribution Channel | |
Offline | |
Online |
By Country | |
United States | |
Canada |
North America Dashboard Camera Market Size Summary
The North America Dashboard Camera Market is experiencing significant growth, driven by the increasing need for enhanced vehicle safety and security measures. The rise in accidents and thefts has prompted government mandates for dashcam installations, further fueling market expansion. The popularity of driving assistance systems has surged, as they offer critical support in assessing potential dangers and guiding drivers. Although dashcams are primarily found in high-end vehicles from brands like Tesla and BMW, consumer awareness of their benefits has grown, thanks to widespread exposure in media. The integration of dashcams in autonomous vehicles is also contributing to market growth, as they provide valuable data for improving sensor technologies and ensuring safer deployments of driverless cars.
The market is characterized by intense competition, with numerous small and large players vying for market share. Companies are focusing on expanding their product portfolios and forming strategic partnerships to enhance their market presence. Innovations such as multi-lens dashcams and advanced features like GPS and Wi-Fi connectivity are gaining traction, particularly among ride-sharing services like Uber and Lyft. Despite challenges such as supply chain disruptions and the lack of insurance incentives, the market is poised for growth due to stringent government regulations and increasing consumer demand for vehicle safety solutions. Key players like Garmin, Panasonic, and Thinkware are actively introducing new products and forming collaborations to maintain a competitive edge in the market.
North America Dashboard Camera Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Consumers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitutes
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1.2.5 Intensity of Competitive Rivalry
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1.3 Impact of COVID-19 on the Dashboard Camera Market
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2. MARKET SEGMENTATION
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2.1 By Technology
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2.1.1 Basic
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2.1.2 Smart
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2.2 By Distribution Channel
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2.2.1 Offline
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2.2.2 Online
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2.3 By Country
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2.3.1 United States
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2.3.2 Canada
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North America Dashboard Camera Market Size FAQs
What is the current North America Dashboard Camera Market size?
The North America Dashboard Camera Market is projected to register a CAGR of 15.40% during the forecast period (2024-2029)
Who are the key players in North America Dashboard Camera Market?
Garmin Ltd, Panasonic Corporation, Thinkware Corporation , Harman International Industries Inc. (Samsung Electronics Co. Ltd) and LG Innotek are the major companies operating in the North America Dashboard Camera Market.