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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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Automotive Dashboard Camera Market Analysis by Size, Share, Growth, Latest Innovation, Trends and Forecast 2019 – 2025

Assessment of the Global Automotive Dashboard Camera Market

The recent study on the Automotive Dashboard Camera market is a comprehensive analysis of the various parameters that are likely to influence the growth of the Automotive Dashboard Camera market. The historical and current market trends are taken into consideration while predicting the future prospects of the Automotive Dashboard Camera market. Further, the study introspects the major trends that are likely to impact the growth of the Automotive Dashboard Camera market during the forecast period, 20XX-20XX.

The investors, stakeholders, emerging and established players can leverage the data included in the report to develop impactful growth strategies and improve their position in the current Automotive Dashboard Camera market landscape. The report provides a thorough assessment of the micro and macro-economic factors that are expected to impact the growth of the Automotive Dashboard Camera market.

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Competitive Assessment

The competitive assessment section provides insights related to the developments made by leading players in the Automotive Dashboard Camera market in terms of product development, mergers, collaborations, and more. The product portfolio of each company is evaluated along with its pricing structure and marketing strategies.

Regional Assessment

The regional assessment chapter of the report offers an in-depth understanding of the growth prospects of the Automotive Dashboard Camera market across different geographies such as:

End-use Industry

The adoption pattern of the Automotive Dashboard Camera across various end-use industries is highlighted in the report and represented using informative graphs, figures, and tables. The different end-use industries studied in the report include:

segmented as follows: 

Global Automotive Dashboard Camera Market, by Application

  • External View
  • Internal View
  • Combined View

Global Automotive Dashboard Camera Market, by Connectivity

  • Wi-Fi
  • Bluetooth
  • 4G
  • Wired

Global Automotive Dashboard Camera Market, by Placement

  • Front 
  • Rear
  • Side

Global Automotive Dashboard Camera Market, by Number of Lens

  • Single Lens
  • Multi-Lens

Global Automotive Dashboard Camera Market, by Power Source

  • Vehicle Battery Powered
  • Individual Battery Powered

Global Automotive Dashboard Camera Market, by Resolution

  • Up to 720P
  • 1080P and Above

Global Automotive Dashboard Camera Market, by Vehicle Type

  • Passenger Vehicle
  • Commercial Vehicle

Global Automotive Dashboard Camera Market, by Sales Channel

  • OEM
  • Aftermarket

Global Automotive Dashboard Camera Market: by Region/Country/Sub-region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • South Korea
    • Taiwan
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

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Valuable Market Insights Included in the Report

  • Recent collaborations, mergers, acquisitions, and partnerships
  • Revenue growth of the Automotive Dashboard Camera market over the assessment period
  • Value chain analysis of prominent players in the Automotive Dashboard Camera market
  • Regulatory framework across different regions impacting the Automotive Dashboard Camera market trajectory
  • Recent technological advances and innovations influencing the Automotive Dashboard Camera market

The report addresses the following queries related to the Automotive Dashboard Camera market

  1. How have the production techniques evolved in recent years?
  2. How can the emerging players in the Automotive Dashboard Camera market establish their foothold in the current Automotive Dashboard Camera market landscape?
  3. The market in which region is expected to witness the highest growth during the forecast period?
  4. What is the projected value of the Automotive Dashboard Camera market in 2019?
  5. How can the emerging players in the Automotive Dashboard Camera market solidify their position in the Automotive Dashboard Camera market?

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