Automotive Dashboard Camera Market Overview:
As per MRFR analysis, the Automotive Dashboard Camera Market Size was estimated at 1.93 (USD Billion) in 2022. The Automotive Dashboard Camera Market Industry is expected to grow from 2.1(USD Billion) in 2023 to 4.5 (USD Billion) by 2032. The Automotive Dashboard Camera Market CAGR (growth rate) is expected to be around 8.82% during the forecast period (2024 - 2032).
Key Automotive Dashboard Camera Market Trends Highlighted
The Automotive Dashboard Camera Market is experiencing significant growth, propelled by various key market drivers. Technological advancements have led to enhanced camera features, including high-resolution video, night vision, and wide dynamic range, improving image clarity and detail. Moreover, increasing awareness of road safety concerns and the rising prevalence of road accidents have fueled demand for dashboard cameras as a means of providing evidence and protecting drivers. The market is also witnessing a surge in connected dashboard cameras that offer integration with smartphones and GPS devices, enabling remote access to footage and location tracking.
Opportunities in the Automotive Dashboard Camera Market lie in the expansion of the automotive industry, particularly in emerging markets. The growing penetration of advanced driver-assistance systems (ADAS) is expected to drive the demand for integrated dashboard cameras as these systems rely on video footage for their functionality. Additionally, the increasing popularity of ride-hailing services is creating a need for dashboard cameras as a safety measure for both drivers and passengers.
Recent trends in the Automotive Dashboard Camera Market include the emergence of AI-powered cameras that offer features such as object recognition, lane departure warning, and forward collision warning. These advanced cameras provide enhanced safety and convenience, further driving market growth. Furthermore, the integration of cloud-based storage and video sharing capabilities allows drivers to easily store and share footage from their dashboard cameras, providing additional value to consumers.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Automotive Dashboard Camera Market Drivers
Rising Demand for Advanced Safety Features
The increasing focus on road safety and the rising adoption of advanced driver-assistance systems are the major factors fueling the market for automotive dashboard cameras. Camera footage gleaned from dashboard cameras can be used to help determine the at-fault party in case of an accident, facilitate insurance claims, and provide evidence for legal purposes. The usage of dashboard cameras in combination with ADAS such as lane departure warning, forward collision warning, and automatic emergency braking provides all-around benefits for vehicle safety.
Dashboard cameras are advantageous due to their ability to capture real-time footage when other sensors could not. This not only provides a different perspective on the vehicular data but also provides full adaptability owing to their sensor and system flexibility. As the advantages of dashboard cameras become more apparent to customers, the market for dashboard cameras will continue to grow. Moreover, with the rise of ride-sharing services and increased vehicle traffic, the need for dashboard cameras in vehicles is growing.Therefore, these conditions collectively facilitate the expansion of the Automotive Dashboard Camera Market Industry.
Technological Advancements and Innovation
Automotive Dashboard Camera Market is significantly impacted by the accelerating pace of technological development. Advanced camera devices with high-resolution, wide-angle lenses, and night vision are increasingly among the leading solutions within the markets. Integration of AI and ML into dashboard cameras has turned the technological solution into a smart device. AI-based cameras are able to automatically identify and classify objects, such as other vehicles, pedestrians, and road signs.
In addition, such cameras can offer real-time prompts and warnings to keep the driver prepared and prevent possible accidents. Constant research and development activities in the sphere of camera technology, image processing, and AI algorithms are certain to generate even more advanced types of automotive cameras in the forthcoming future. The ongoing technological progress is certain to impact the adoption rate of dashboard cameras in all segments, among all types of automobiles and is to boost the overall Inudustry of the Global Automotive Dashboard Camera Market.
Government Regulations and Safety Mandates
Government regulations and safety mandates are playing a crucial role in driving the growth of the automotive dashboard camera market. In many countries, the installation of dashboard cameras is becoming mandatory for certain types of vehicles, such as commercial vehicles and public transport.
Stricter safety regulations and the increasing focus on reducing road fatalities are mendorong governments to implement such mandates. Dashboard cameras provide valuable evidence in the event of an accident, helping law enforcement agencies to determine fault and improve road safety.As governments continue to prioritize road safety and implement regulations that promote the adoption of advanced safety technologies, the demand for automotive dashboard cameras is expected to surge.
This regulatory push will create substantial growth opportunities for manufacturers and suppliers in the Automotive Dashboard Camera Market Industry.
Automotive Dashboard Camera Market Segment Insights:
Automotive Dashboard Camera Market Resolution Insights
Resolution segment determines the quality of footage produced by automotive dashboard cameras. In 2023, 1080p was a leader in the Global Automotive Dashboard Camera Market, with the highest market share. On the other hand, it is expected that with the rising demand of higher resolution footage, 1296p, 1440p, and 2160p would be the fastest-growing segments in the upcoming years. 1296p has a noticeable quality of an image compared to 1080p that helps to see parts of the videos more clearly.
1440p resolution provides a good quality image, and this feature is specifically useful when reading license plates or other very small details in a video.2160p is the highest in the resolution spectrum, which allows a very high quality image. Hence, this kind of video can show a person in minute detail, which can be of vital importance in accident investigation. Therefore, as time goes forward, there will be more and more adoption of higher resolution cameras in the Global Automotive Dashboard Camera Market.
Currently, people are becoming more and more interest in safety in different aspects of their lives, which contributes to the popularity of automotive dash cameras. Moreover, the number of ride-sharing services will increase since it is an efficient purchase of transport services.At the same time, this function can let potential passengers ride a car and check the driver’s skills on the camera. Finally, insurance companies use of these devices will be increasing since they are synonyms of safety.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Automotive Dashboard Camera Market Field of View Insights
The Field of View fragment is one of the critical aspects of Global Automotive Dashboard Camera Mrket that determines segmentation of the latter and stimulates its growth. Here, the market is segmented into four specific FoV alternatives, namely, 120 degrees, 140 degrees 160 degrees, and 170 degrees. Precisely, 120 degrees FoV cameras should be deemed the least expensive since such items are characterized by a reduced coverage of the space in front of a vehicle. These cameras are usually ordered by drivers who travel on compact cars they prioritize cost efficiency and are willing to save some space.
FoV 140 degrees cameras appear to be the most common products in the market, as they are characterized by both good coverage of the space in front of the vehicle and acceptable pricing. The other two types of cameras, the 160 degrees FoV and the 170 degrees FoV, are increasingly more expensive, as they are characterized by increased coverage of the space in front of a vehicle ranging virtually from the side to the side. Thus, the variance Field of View makes it possible for manufacturers to tailor their products to the needs and requirements of various customers, thereby stimulating its market growth and enhancing further innovations.The Global Automotive Dashboard Camera Market revenue is likely to increase considerably due to the growing demand for safety and security appliance all over the world.
Automotive Dashboard Camera Market Number of Cameras Insights
The number of cameras segment is a key factor in the Automotive Dashboard Camera Market segmentation. The Single camera segment is expected to continue to dominate the market in the coming years, with a revenue of USD 2.5 Billion by 2024. This is due to the increasing popularity of single-lens cameras, which are more affordable and offer a wider field of view than dual or quad-lens cameras. However, the Dual camera segment is expected to grow at a faster CAGR of 10.2% over the forecast period, as more consumers opt for cameras with higher resolution and wider viewing angles.
The Quad camera segment is still in its early stages of development, but is expected to gain traction in the coming years as technology improves and costs come down.
Automotive Dashboard Camera Market Storage Capacity Insights
The Storage Capacity segment of the Automotive Dashboard Camera Market is categorized into 16GB, 32GB, 64GB, and 128GB. Among these, the 32GB segment held the largest market share in 2023, accounting for approximately 35% of the Automotive Dashboard Camera Market revenue. The growth of this segment can be attributed to the increasing demand for high-resolution video recording and the need for ample storage space to store footage. The 64GB and 128GB segments are also expected to witness significant growth in the coming years, driven by the increasing popularity of dash cams with advanced features such as GPS tracking, night vision, and parking mode.The Automotive Dashboard Camera Market data indicates that the 128GB segment is projected to be the fastest-growing segment during the forecast period, owing to the rising demand for high-quality video footage and the ability to store extended durations of recordings.
Automotive Dashboard Camera Market Features Insights
The Automotive Dashboard Camera Market is segmented by Features into Night vision, GPS tracking, Motion detection, Parking mode. Night vision is a key feature for dashboard cameras, as it allows drivers to see clearly in low-light conditions. This can be especially helpful when driving at night or in foggy or rainy weather. According to a study by the National Highway Traffic Safety Administration (NHTSA), night vision cameras can reduce the risk of accidents by up to 50%. GPS tracking is another popular feature for dashboard cameras.
This feature allows drivers to track their location and speed, which can be useful for insurance purposes or if the car is stolen.GPS tracking can also be used to create a record of the driver's route, which can be helpful for businesses or for tracking personal travel. Motion detection is a feature that detects movement in front of the camera. This can be useful for catching accidents or other incidents on camera. Motion detection can also be used to trigger the camera to start recording when it detects movement, which can help to save battery life.
Parking mode is a feature that allows the dashboard camera to continue recording even when the car is parked. This can be useful for catching vandalism or other incidents that occur while the car is unattended.Increasing demand for safety features and growing adoption of advanced driver assistance systems (ADAS) are key factors driving the growth of the market.
Automotive Dashboard Camera Market Regional Insights
The regional segmentation of the Automotive Dashboard Camera Market showcases a diverse landscape with varying market dynamics and growth trajectories. North America holds a significant market share, driven by the presence of major automotive hubs, technological advancements, and high consumer demand for safety and convenience features.
Europe follows closely with a substantial market size, attributed to stringent safety regulations, a strong automotive industry, and growing awareness about the benefits of dashboard cameras. The APAC region is projected to witness the fastest growth in the coming years, primarily due to the rising disposable incomes, increasing vehicle ownership rates, and growing adoption of advanced automotive technologies.South America and MEA are expected to contribute a smaller but steadily growing share to the global market, as these regions continue to develop their automotive sectors and infrastructure.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Automotive Dashboard Camera Market Key Players And Competitive Insights:
Major players in Automotive Dashboard Camera Market are constantly striving to gain a competitive edge by investing in research and development, strategic partnerships, and innovative product launches. Leading Automotive Dashboard Camera Market players are focusing on developing advanced features and technologies to cater to the evolving demands of consumers. The Automotive Dashboard Camera Market industry is experiencing intense competition, with established players and new entrants vying for market share. The competitive landscape is characterized by a mix of global and regional players, each with its unique strengths and market strategies. Mergers and acquisitions are becoming increasingly common as companies seek to expand their product portfolios and geographical reach.Garmin, a leading provider of navigation and wearable technology, has established a strong presence in the Automotive Dashboard Camera Market. The company offers a wide range of dashboard cameras designed to meet the diverse needs of consumers. Garmin's dashboard cameras are known for their high-quality video footage, advanced safety features, and user-friendly interfaces. The company's commitment to innovation has resulted in the development of cutting-edge technologies, such as voice control, lane departure warnings, and collision detection. Garmin's strong brand reputation and global distribution network contribute to its continued success in the Automotive Dashboard Camera Market.Another key player in the Automotive Dashboard Camera Market is Nextbase, a UK-based company specializing in the design and manufacture of dash cams. Nextbase is renowned for its focus on safety and innovation. The company's dashboard cameras incorporate advanced features such as GPS tracking, emergency SOS, and night vision. Nextbase has gained a strong following among safety-conscious drivers and has established partnerships with leading automotive manufacturers. The company's commitment to customer satisfaction and its user-centric approach have contributed to its success in the competitive Automotive Dashboard Camera Market.
Key Companies in the Automotive Dashboard Camera Market Include:
- Thinkware
- Yi Technology
- DOD Technologies
- Panasonic
- Vantrue
- Mio Technology
- Blackvue dash cam
- APEMAN
- Owlcam
- Garmin
- 70mai
- iSniper
- Cobra Electronics
- Transcend Information
- VIOFO
Automotive Dashboard Camera Market Industry Developments
Recent developments in the Automotive Dashboard Camera Market include the increasing adoption of advanced driver assistance systems (ADAS) and the growing popularity of connected cars. ADAS features such as lane departure warning, forward collision warning, and blind spot monitoring require high-quality video footage for accurate operation, which is driving demand for automotive dashboard cameras.
Additionally, the rise of connected cars is creating opportunities for dashboard cameras to integrate with other vehicle systems, such as infotainment systems and telematics devices. This integration allows for features such as remote viewing of camera footage and cloud-based storage, which are expected to further drive market growth in the coming years.
Automotive Dashboard Camera Market Segmentation Insights
- Automotive Dashboard Camera Market Resolution Outlook
- Automotive Dashboard Camera Market Field of View Outlook
- 120 degrees
- 140 degrees
- 160 degrees
- 170 degrees
- Automotive Dashboard Camera Market Number of Cameras Outlook
- Automotive Dashboard Camera Market Storage Capacity Outlook
- Automotive Dashboard Camera Market Features Outlook
- Night vision
- GPS tracking
- Motion detection
- Parking mode
- Automotive Dashboard Camera Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
1.93(USD Billion) |
| Market Size 2023 |
2.1(USD Billion) |
| Market Size 2032 |
4.5(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
8.82% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Thinkware, Yi Technology, DOD Technologies, Panasonic, Vantrue, Mio Technology, Blackvue dash cam, APEMAN, Owlcam, Garmin, 70mai, iSniper, Cobra Electronics, Transcend Information, VIOFO |
| Segments Covered |
Resolution, Field of View, Number of Cameras, Storage Capacity, Features, Regional |
| Key Market Opportunities |
ADAS Integration Telematics Convergence Smartphone App Connectivity AIPowered Features CloudBased Storage |
| Key Market Dynamics |
Technological Advancements Rising Safety Concerns Growing Popularity of ADAS Expanding Automotive Industry Increasing Consumer Awareness |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Automotive Dashboard Camera Market is anticipated to be valued at approximately USD 2.1 billion in 2023.
The Automotive Dashboard Camera Market is projected to expand at a CAGR of 8.82% from 2023 to 2032.
The Asia-Pacific region is expected to dominate the Automotive Dashboard Camera Market in 2023, accounting for a significant market share.
Increasing demand for enhanced safety features, rising disposable income, and technological advancements are the key factors driving the growth of the Global Automotive Dashboard Camera Market.
Some of the major competitors in the Automotive Dashboard Camera Market include Garmin, Nextbase, Thinkware, BlackVue, and Cobra.
Automotive Dashboard Cameras find applications in various segments, including personal vehicles, commercial vehicles, and fleet management systems.
The Automotive Dashboard Camera Market faces challenges such as privacy concerns, data storage limitations, and the need for continuous software updates.
The Automotive Dashboard Camera Market is projected to reach approximately USD 4.5 billion by 2032.
Emerging trends in the Automotive Dashboard Camera Market include the integration of AI and machine learning, cloud connectivity, and the development of multi-camera systems.
Key growth opportunities in the Automotive Dashboard Camera Market include the expansion of the automotive industry, increasing consumer awareness, and the development of new technologies.
