Automotive Dashboard Camera Market Summary
Automotive Dashboard Camera or simply dashcam, also known as car digital video recorder (car DVR), driving recorder, or event data recorder (EDR), is an onboard camera that continuously records the view through a vehicle's front windscreen and sometimes rear or other windows. Some dashcams include a camera to record the interior of the car in 360 degrees inside camera, usually in a ball form and can automatically send pictures and video using 4G.
According to the new market research report "Global Automotive Dashboard Camera Market Report 2023-2029", published by QYResearch, the global Automotive Dashboard Camera market size is projected to grow from USD 3,075.40 million in 2023 to USD 4,786.13 million by 2029, at a CAGR of 6.65% during the forecast period.
Figure. Global Automotive Dashboard Camera Market Size (US$ Million), 2018-2029
Based on or includes research from QYResearch: Global Automotive Dashboard Camera Market Report 2023-2029.
Market Drivers:
1. Increasing Concerns about Road Safety: Growing concerns about road safety, including accidents, collisions, and fraudulent insurance claims, are driving demand for automotive dashboard cameras. These devices provide drivers with an added layer of protection by recording real-time footage of road incidents, helping to deter reckless driving behavior, and providing evidence in the event of accidents or disputes.
2. Insurance Premium Reductions and Incentives: Many insurance companies offer discounts or incentives to drivers who install dashboard cameras in their vehicles. These incentives are often based on the premise that dashboard cameras can help improve driver behavior, reduce accident rates, and facilitate faster claims processing. The potential for insurance premium reductions encourages consumers to invest in dashboard cameras, driving market growth.
3. Rising Popularity of Ride-Sharing Services: The proliferation of ride-sharing services such as Uber, Lyft, and Didi has contributed to increased demand for automotive dashboard cameras among drivers and passengers. Dashboard cameras serve as a means of security and accountability for both drivers and passengers, recording interactions and incidents during rides, and providing evidence in case of disputes or safety concerns.
Restraint:
1. Privacy Concerns: The use of dashboard cameras raises privacy concerns, as they record footage not only of road incidents but also of the surrounding environment and individuals. Concerns about the unauthorized use, access, and sharing of recorded footage, as well as the potential for invasion of privacy, may deter some consumers from adopting dashboard camera systems.
2. Data Security Risks: Dashboard cameras store sensitive video data, which may include footage of accidents, license plates, and identifiable individuals. The risk of data breaches, hacking, or unauthorized access to stored footage poses a significant concern for consumers, especially as dashboard camera systems become more connected and integrated with other vehicle systems and digital platforms.
Figure. Global Automotive Dashboard Camera Top 10 Players Ranking and Market Share（Continually updated）
Based on or includes research from QYResearch: Global Automotive Dashboard Camera Market Report 2023-2029.
This report profiles key players of Automotive Dashboard Camera such as Kenwood, Thinkware, Nextbase, 360 (QIHU), AZDOME.
In 2022, the global top five Automotive Dashboard Camera players account for 22.42 % of market share in terms of revenue. Above figure shows the key players ranked by revenue in Automotive Dashboard Camera.
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