The global automotive dash cam market is expected to reach USD 8.54 billion in 2024 and reach USD 14.03 billion by 2029, growing at a CAGR of 10.44% from 2024 to 2029.
A dashboard camera, also known as a dash cam, is a small camera mounted on the dashboard or windshield of a car. It is designed to record video continuously while the car is in motion and can be used to capture footage of traffic accidents, unexpected events on the road, or even just the scenery while driving. Dash cams are often equipped with features such as GPS tracking, motion detection, and night vision to enhance their functionality. Some models also have a built-in microphone to record audio. The car's electrical system typically powers dash cams, and the recorded footage can be stored on a microSD card or transferred to a computer for viewing. Dash cams are increasingly popular as a means of providing evidence in the event of a traffic accident or other incident on the road.
The increasing preference from people regarding the safety of their vehicles, growing awareness regarding the benefits of automotive dash cams, and rising incidence of vehicle thefts are promoting the adoption of dash cameras and resulting in market growth. Dash cams can be helpful in several ways regarding vehicle safety. For example, dash cams can capture footage of traffic accidents, which can help determine fault and help to resolve insurance claims and can help to deter road rage by providing a record of any aggressive or dangerous driving behavior and can help to prevent distracted driving by providing a visual reminder for the driver to stay focused on the road, can be used to monitor and improve driving habits, such as speeding or aggressive braking and provides evidence for police when required.
The growing usage of automotive dash cams by the police is another major factor propelling the market growth. Many police departments worldwide use dashcams to record interactions between officers and the public, as well as traffic stops and other incidents. Dash cams can provide a record of events that can be used as evidence in court proceedings and help promote accountability and transparency in law enforcement. Using dashcams can help improve law enforcement's transparency and accountability and can be a valuable tool for gathering evidence in criminal cases.
Privacy and data security issues associated with automotive dashcams are significant factors that hamper market growth. Like any device that records video and audio, dashcams have the potential to raise privacy concerns. A few potential issues to consider are recording conversations, recording individuals in public, and sharing footage online. In addition, cybersecurity issues associated with automotive dashcams are further anticipated to inhibit the market's growth rate during the forecast period. Like any device that connects to the internet, dashcams can be vulnerable to cybersecurity threats.
The rising number of insurance claims pitching fake car accidents from people is expected to offer growth possibilities in the automotive dash cam market. Dash cams can help prevent fake insurance claims by providing a record of events that can be used as evidence of an accident or other incident. If a dash cam is recorded at the time of an accident, it can capture footage of what happened, which can be used to help determine fault and resolve insurance claims. For instance, if someone makes a fraudulent insurance claim for an accident that never happened, the dashcam footage can be used to disprove the claim. Similarly, if someone claims damage not caused by the accident in question, the dashcam footage can be used to verify the damage's extent and help prevent fraudulent claims. Overall, dashcams can be a valuable tool for helping to prevent fake insurance claims by providing a reliable record of events that can be used as evidence in the claims process. Therefore, insurance companies promoting the usage of automotive dash cams are further expected to boost growth opportunities.
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2023 to 2029 |
|
Base Year |
2023 |
|
Forecast Period |
2024 to 2029 |
|
CAGR |
10.44% |
|
Segments Covered |
By Technology, Product, Video Quality, Application, Distribution Channel, and Region. |
|
Various Analyses Covered |
Global, Regional and country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
|
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
|
Market Leaders Profiled |
PAPAGO Inc., Texas Instruments Incorporated, Aptive, Clarion, Continental AG, Cedar Electronics, Transcend Information, Inc., Valeo SA, DENSO TEN Limited, Garmin Ltd., Honeywell International Inc., JVCKENWOOD Corporation, Koninklijke Philips N.V., and Others. |
Based on technology, the basic segment led the automotive dash cam market in 2021 and is expected to lead the market throughout the forecast period. On the other hand, the smart segment is predicted to register the fastest CAGR during the forecast period.
Based on product, the 1-channel segment dominated the market accounting for the most significant share of the global automotive dash cam market in 2021. Furthermore, the domination of the segment is projected to continue throughout the forecast period due to the growing adoption and cost-effective nature.
Based on video quality, the SD & HD segment had the largest automotive dash cam market share in 2021. The segment lead is expected to continue throughout the forecast period.
Based on application, the personal vehicle segment led the automotive dash cam market in 2021.
Based on the distribution channel, the in-store segment accounted for a significant share of the global automotive dashcam market in 2021, and the domination of the segment is expected to continue during the forecast period. On the other hand, the online segment is anticipated to showcase the fastest CAGR during the forecast period.
Europe led the automotive dash cam market in 2021. The market for dash cams in Europe is likely to be driven by several factors, including the increasing popularity of dash cams as a means of providing evidence in the event of a traffic accident, the use of dash cams by law enforcement and commercial fleets, and concerns about driver safety and accountability. The dash cam market in Europe is likely to continue to grow in the coming years, driven by a combination of factors, including the increasing adoption of advanced driver assistance systems, the growing trend of connected vehicles, and the increasing popularity of dash cams as a means of providing evidence in the event of a traffic accident.
The North American region captured a substantial share of the global market in 2021 and is expected to hold a considerable share in the global market during the forecast period.
The dash cam market in the Asia-Pacific region is anticipated to grow at the fastest CAGR during the forecast period. The increasing adoption of ADAS in the APAC region is likely to drive demand for dash cams, as many ADAS systems require cameras to function. The APAC region is home to many connected vehicle projects, which may drive demand for dash cams to monitor and collect data from vehicles. In addition, the APAC region has some of the highest rates of traffic accidents in the world, which may be driving demand for dashcams to promote safe driving and reduce the risk of accidents. Many companies in the APAC region operate large fleets of vehicles and may be turning to dashcams to monitor and improve the safety and efficiency of their fleets.
PAPAGO Inc, Texas Instruments Incorporated, Aptive, Clarion, Continental AG, Cedar Electronics, Transcend Information, Inc., Valeo SA, DENSO TEN Limited, Garmin Ltd., Honeywell International Inc., JVCKENWOOD Corporation, Koninklijke Philips N.V. These are the market players that are dominate the global automotive dash cam market.
By Technology
By Product
By Video Quality
By Application
By Distribution Channel
By Region
Frequently Asked Questions
The global automotive dash cam market is segmented by technology into basic, advanced, and smart.
The growing adoption of dash cams and the rising number of vehicle thefts are expected to propel market growth.
Europe played a vital role in the global automotive dash cam market in 2021.
PAPAGO Inc., Texas Instruments Incorporated, Aptive, Clarion, Continental AG, Cedar Electronics, Transcend Information, Inc., Valeo SA, DENSO TEN Limited, Garmin Ltd., Honeywell International Inc., JVCKENWOOD Corporation and Koninklijke Philips N.V. are some of the major companies operating in the automotive dash cam market.
Related Reports
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region