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Dashboard Camera Market Size, Share & Covid-19 Impact Analysis, By Technology Type (Basic, Advanced, and Smart), and Regional Forecasts, 2020-2027

A growing number of road accident cases around the world will aid the expansion of this market, states Fortune Business Insights™ in its recent report, titled “Dashboard Camera Market Size, Share & Covid-19 Impact Analysis, By Technology Type (Basic, Advanced, and Smart), By Channel Type (Single channel and dual channel), By Vehicle Type (Passenger Cars and Commercial Vehicles) and Regional Forecasts, 2020-2027”. In response, vehicle-buyers are increasingly demanding superior safety features in automobiles to enable drivers to protect themselves as well as those on the road. This trend, therefore, favors the growth of this market as advanced cameras in vehicles can heighten the awareness of the driver and the passengers, allowing for safer rides.

The global dashboard camera market size is projected to reach USD 2.74 billion by 2027, exhibiting a CAGR of 20.6% during the forecast period. The Global Status Report on Road Safety 2018 released by the World Health Organization (WHO) reveals that road accident fatalities account for 1.35 million deaths annually. Road crashes are now the leading cause of death for people between the ages of 5 and 29, with pedestrians, cyclists, and motorcyclists bearing the majority of this burden, particularly in developing countries.

According to the report, the value of this market was at USD 1.75 billion in 2019.

The report also shares the following:

  • Valuable insights into the impact of the COVID-19 outbreak on the market;
  • Detailed study of the various market segments;
  • Comprehensive analysis of the factors driving the market trends, share, size, and growth; and
  • In-depth research into the regional dynamics and competitive milieu of the market.

Worldwide COVID-19 Impact Analysis:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

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Market Restraint

Persistent Spread of the COVID-19 Infection Worldwide to Impede Market Growth

The automotive dashboard camera market growth is set to contract on account of the unprecedented rate of spread of the coronavirus around the world. Erupting in Wuhan, China in December 2019, the infection has ravaged the world at an alarming speed.

The number of COVID-19 cases has risen exponentially since it was first detected outside China and to contain its transmission governments have imposed nationwide lockdowns, bringing most economic activities to an abrupt standstill. This has had a direct bearing on the global automotive industry, primarily because of China’s dominant position in this industry concerning supply chain and consumption. For instance, Tesla had to close down its new unit in Shanghai, while Volkswagen was compelled to postpone its production across all its plants in China.

In Europe, on the other hand, Fiat shut down its production of nearly 600,000 cars annually in Italy as the country has been massively hit by the contagion. Thus, the automotive industry and all markets associated with it are foreseen to go through a rough patch in 2020.

Regional Analysis

Tightening Vehicular Safety Regulations to Stoke Market Growth in North America

Among regions, North America is expected to dominate the dashboard camera market share during the forecast period, primarily owing to the rising stringency of norms governing vehicle and road safety in the US and Canada. Besides this, automakers in the region are actively adopting advanced driver assistance systems (ADAS), which is further fueling the market.

The market size in North America stood at USD 0.69 billion in 2019 and is anticipated to grow at an impressive rate on account of presence of some of the largest automakers such as BMW and Audi. Moreover, original equipment manufacturers (OEMs) in the region are integrating budget-segment vehicles with advanced dashboard cameras, which in turn is expanding the scope of the market.

List of the Key Companies Operating in the Dashboard Camera Market are:

  • Steelmate Automotive
  • LG Innotek
  • Falcon Zero
  • Waylens, Inc.
  • Garmin International Inc.
  • Honeywell International Inc.
  • Valeo SA
  • PAPAGO Inc.
  • Pittasoft Co. Ltd.
  • ABEO Company Co., LTD
  • DOD Tech
  • Panasonic Corporation
  • Aptiv
  • Koninklijke Philips N.V.

Competitive Landscape

Launch of Next-Gen Solutions to Heat up Market Competition

Leading players in this market are injecting large amounts of money in R&D to design and deliver new-age safety solutions for automobiles. This investment route is being taken by companies to strengthen their position in this market and also equip them to broaden their global presence.

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Industry Developments:

  • January 2020: Garmin International, the US-based technology company, introduced its first dual-lens dashboard cam, the Garmin Dash Cam Tandem, conceived to provide drivers with a 180-degree, panoramic view of their surroundings. Featuring a 1440p front-facing camera, the system can record day and night surroundings in tandem.
  • August 2019: Continental AG released a unique camera solution for automated driving in the form of a front- and interior-looking camera. Powered by Artificial Intelligence (AI), the system comprises of outward-facing camera and an inward-facing infrared camera to ensure safety of passengers inside the vehicles as well as people outside.

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Coronavirus Market Reports News

Automotive Dashboard Camera Market 2020 | Covid-19 Impact | Increasing Demand with Leading Key Players: Garmin, LG Innotek, Panasonic

Industry Overview of the Automotive Dashboard Camera Market

The report on Global Automotive Dashboard Camera Market is a professional and in-depth study on the current state of the market. The report starts with the basic industry overview and then goes into each and every detail, presenting a detailed blueprint based on performance in terms of revenue contribution from various segments and includes a detailed analysis of key trends, drivers, restraints, and opportunities influencing revenue growth of the Global Automotive Dashboard Camera Market.

In order to accurately measure the market integration and its competition we have included a special study of impact of covid-19 on the Automotive Dashboard Camera market. Additionally, in order to help our customers avoid the pandemic, we have included the verified information related to COVID-19 in our reports.

Covid-19 pandemic affects most industries in the globe. Here at acquire market research we offer you comprehensive data of related industry which will help and support your business in all possible ways.

This report studies the Global Automotive Dashboard Camera market size, industry status and forecast, competition landscape and growth opportunity. Categorization of the market by companies, region, type, and end-use industry has been listed in the report. While segmentation has been provided to list down various facets of the Automotive Dashboard Camera market, analysis methods such as S.T.E.E.P.L.E., S.W.O.T., Regression analysis, etc. have been utilized to study the underlying factors of the market.

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Automotive Dashboard Camera Market
Automotive Dashboard Camera Market

The report provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. Following are some of the segmentations provided in the report ;

Leading players operating in the global Automotive Dashboard Camera market are: Garmin, LG Innotek, Panasonic, Pittasoft, HP, Xiaomi

Automotive Dashboard Camera Market Growth by Types:
Single-Channel, Dual-Channel, Rear-View

Automotive Dashboard Camera Market Extension by Applications:
Passenger car, Commercial vehicle

The Global version of this report with a geographical classification would cover regions:
North America (USA, Canada, and Mexico),
Europe (Germany, France, UK, Russia, and Italy),
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia),
South America (Brazil, Argentina, Colombia, etc.),
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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As a part of our Corporate Social Responsibility, we would like to announce that we would be contributing 15 % of our profits to USA, UK, Italy, Spain and India relief fund.

The report generated has various classifications and details of the market.
The target audiences of this report would include:
• Analysts and Strategic Business Planners
• Automotive Dashboard Camera Manufacturers, Suppliers and Distributors
• Government Regulatory and Research Organizations
• Venture Capitalists and Private Equity Firms
• Investment Research Firms / Associations
• End-Use Industries

Further analysis provides us with other key aspects of Global Automotive Dashboard Camera Market Report such as;

•Identification of factors that could alter the current and forecasted growth of the market.
•The incorporation of the target audience during an analytical assessment, to determine the impact of key drivers, restraints, and opportunities in detail.
•Utilization of ANOVA test and FRAP method to determine the effect of, alteration in strategies by leading players, political occurrence, change in policies, etc. on current trends and future estimations to depict the imminent investment pockets.
•To understand the lucrative trends and to gain a stronger foothold in the industry, the overall Automotive Dashboard Camera market potential is determined.
•To utilize and capture each opportunity Porter’s five forces analysis is utilized, to illustrate the potency of the buyers and suppliers in the market.

Additional points covered to measure the impact of COVID-19 on the Automotive Dashboard Camera Market;

•Which markets around the world have maintained their hold on the Automotive Dashboard Camera Market, and how have the markets dispersed the businesses?
•What effect will the Covid-19 virus have on the CAGR of the Automotive Dashboard Camera Market?
•How the pandemic has transformed the industry of Automotive Dashboard Camera Market, and what strategies have businesses implied to carry on the change?
•How have restrictions shaped the supply & demand of the Automotive Dashboard Camera Market?

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