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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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Growing Demand for Dashboard Camera Market to Significantly Boost Revenues through the COVID-19 Crisis

The recent research report titled “World Dashboard Camera Market Research Report 2025 (Covering USA, Europe, China, Japan, India and etc)” has been added in the kandjmarketresearch.com database. The Global Dashboard Camera Market Perspective, Comprehensive Analysis along with Major Segments and Forecast, 2020-2025.

Dashboard Camera Market Overview

The global Dashboard Camera market has been studied by a set of researchers for a defined forecast period of 2020 to 2025. This study has provided insights to the stakeholders in the market landscape. It includes an in-depth analysis of various aspects of the market. These aspects include an overview section, with market segmentation, regional analysis, and competitive outlook of the global Dashboard Camera industry for the forecast period. All these sections of the report have been analyzed in detail to arrive at accurate and credible conclusion of the future trajectory. This also includes an overview section that mentions the definition, classification, and primary applications of the product/service to provide larger context to the audience to this report.

Dashboard Camera Market Dynamics

The report on the global Dashboard Camera market includes a section that discusses various market dynamics that provide higher insight in the relationship and the impact of change these dynamics hold on the market functioning. These dynamics include the factors that are providing impetus to the market over the forthcoming years for growth and expansion. Alternatively, it also includes factors that are poised to challenge the market growth over the forecast period. These factors are expected to reveal certain hidden trends that aid in the better understanding of the market over the forecast period. Continue reading this report.

The Final Report Will Include the Impact of COVID -19 Analysis about the Dashboard Camera Industry.

Get a free sample copy of this research report @ https://www.kandjmarketresearch.com/sample-request/409914

COVID-19 can affect the global market in 3 ways: by directly affecting the production and demand, by creating supply chain and market disturbance, and by its financial impact on enterprises and financial markets.

Key Players

The global Dashboard Camera market report has provided a profiling of significant players that are impacting the trajectory of the market with their strategies for expansion and retaining of market share.

Key Segments Studied in the Global Dashboard Camera Market:

Global Dashboard Camera Market: Product Segment Analysis: –

  • Single Channel Dashcam
  • Multi-Channel Dashcam

Global Dashboard Camera Market: Application Segment Analysis:-

  • Passenger Vehicle
  • Commercial Vehicle

The Players mentioned in our report:-

  • DOME Technology
  • REXing
  • 360 (QIHU)
  • SAST
  • Philips
  • Pittasoft
  • JADO
  • First Scene
  • DOD Tech
  • Garmin
  • Nextbase UK
  • DAZA
  • Cobra Electronics
  • YI Technology
  • HUNYDON
  • PAPAGO
  • Fine Digital
  • Thinkware
  • Qrontech
  • HP

Do You Have Any Query or Specific Requirement? Ask to Our Trade Expert @ https://www.kandjmarketresearch.com/enquiry/409914

Global Dashboard Camera Market: Regional Segment Analysis:-

  • USA
  • Europe
  • Japan
  • China
  • India
  • South East Asia

Market Segmentation

The global Dashboard Camera market has been studied for a detailed segmentation that is based on different aspects to provide insight into the functioning of the segmental market. This segmentation has enabled the researchers to study the relationship and impact of the growth chart witnessed by these singular segments on the comprehensive market growth rate. It has also enabled various stakeholders in the global Dashboard Camera market to gain insights and make accurate relevant decisions. A regional analysis of the market has been conducted that is studied for the segments of USA, Europe, Japan, China, India, South East Asia.

Research Methodology

The global Dashboard Camera market has been analyzed using Porter’s Five Force Model to gain precise insight in the true potential of the market growth. Further, a SWOT analysis of the market has aided in the revealing of different opportunities for expansion that are inculcated in the market environment.

Read More Detailed Information regarding Dashboard Camera Industry with Covid-19 Updates @ https://www.kandjmarketresearch.com/reports/409914-world-dashboard-camera-market-research-report-2025-covering-usa-europe-china-japan-india-and-etc

If you have any special requirements for the report, please let us know and we will offer you a customized report on separate regional or country-level reports.

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