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Insights on Global Dash Cam Market Size & Share to Reach USD 7027.4 Million by 2028, Exhibit a CAGR of 12.1%

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NEW YORK, Aug. 1, 2022 /PRNewswire/ — As per Zion Market Research study, The global dash cam market size was worth around USD 3,541.3 million in 2021 and is estimated to grow to about USD 7,027.4 million by 2028, with a compound annual growth rate (CAGR) of approximately 12.1% over the forecast period.

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Dash Cam Market: Overview

A dashboard camera is a specialized portable onboard camera fitted inside a car’s windscreen, often known as a dashcam, car DVR, event data recorder (EDR), or driving recorder. A small video camera that is positioned on the dashboard or windscreen of passenger automobiles, as well as commercial vehicles like lorries and trailers, is referred to as a “dashboard camera.” Growing government initiatives and growing public awareness of in-car safety are anticipated to drive market expansion. Over the next coming years, market growth is anticipated to be driven by the growing acceptance and profitability of dashboard cameras in nations like Russia, France, and Canada. Over the past few years, the demand for the product has been greatly driven by the rising incidence of auto thefts and traffic accidents around the world. In addition to helping to avoid accidents that were purposefully caused and false insurance claims, dashboard cameras also help to stop insurance fraud. Additionally, regulatory changes for the required installation of dash cams in cars in several nations, including the United States, the Philippines, and Russia, have helped to increase revenue. Favorable insurance company policies, which give discounts to vehicles with these cameras, are also anticipated to contribute to the industry’s expansion.

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Key Industry Insights & Findings of the Dash Cam Market Reports:

  • As per the analysis shared by our research analyst, the Dash Cam Market is expected to grow annually at a CAGR of around 12.1 % (2022-2028).

  • Through the primary research, it was established that the Dash Cam Market was valued at approximately USD 3541.3 million in 2021 and is projected to reach roughly USD 7027.4 million by 2028.

  • Europe had the greatest share in the global dash cam market in 2021. This can be related to the growing use of dash cams by Russian drivers to protect their automobiles.

  • With the high accident rates, widespread police corruption, hazardous driving conditions, and affordable & readily available technology, most people in nations like Russia install dashboard cameras in their personal vehicles.

  • In terms of volume, it is predicted that the full HD & 4K segment will experience the highest CAGR of during the projection period.

Zion Market Research published the latest report titled “Dash Cam Market By Technology (Basic, Advanced, and Smart), By Product (1-Channel, 2-Channel, and Rear View (Front & Rear View)), By Video Quality (SD & HD and Full HD & 4K), By Application (Commercial Vehicles and Personal Vehicles), By Distribution Channel (Online and In-store), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028. into their research database.

Industry Dynamics:

Dash Cam Market: Growth Drivers

The prevalence of dashboard cameras is a result of the constant rise in the number of theft and traffic accident events worldwide. When the car is involved in an incident or a high-stress event, dashcam footage gives a proper knowledge of who is responsible for crashes. This can lower insurance premiums and expedite the filing of insurance claims. A dashboard camera’s ability to catch thieves and drivers at fault for parking lot accidents is another notable benefit. These advantages lead to a rise in demand, which improves revenue creation. With an increase in auto thefts over the past few years, the global dashboard camera market has been growing quickly. As a result of this expanding number, several governments have made dash cam installation mandatory, spurring the expansion of the sector. Over the next few years, it’s anticipated that a rise in auto theft will drive up demand for dashboard cameras in vehicles.

Dash Cam Market: Restraints

When concerns about airbag malfunctions were made, automakers began utilizing digital recorders. This action was used to advance airbag technology and shield the company from liabilities. The unintended benefit of dashboard camera data could result from the rising computerization of automobiles, sophisticated electronics, and data sharing between vehicles and connected gadgets. The majority of dashboard camera systems either come with built-in GPS or have a place to attach an external GPS module. These GPS modules are used by telecommunications providers to log location data over time and save it in their database. If user-sensitive location information is exploited or gets into the wrong hands, personal security may be jeopardized. Additionally, under some conditions, certain laws permit third parties, such as governmental organizations, to access data without the user’s consent. It is anticipated that several European countries’ bans on dashboard cams will adversely affect market expansion. Some nations believe that the dashboard camera violates peoples’ right to privacy because it secretly records members of the public without their knowledge.

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Global Dash Cam Market: Segmentation

  • The global dash cam market is segregated on the basis of technology, product, video quality, application, distribution channel, and region.

By technology, the market is divided into basic, advanced, and smart. From 2021 to 2028, the smart dashboard camera market is anticipated to grow at the highest CAGR of over 16.0 percent in terms of revenue. The expansion of this market will be fueled by elements like a simple setup, the finest quality camera lens, and a broad range of control choices, including via smartphones. Over the projection period, there should be significant prospects for market growth due to the rising demand for advanced driver aid functionalities including blind-spot recognition, lane departure warning systems, and collision avoidance systems. The creation and marketing of feature-rich dashboard cameras are being done by some of the top industry firms. The capacity to be coupled with many complementing technologies, including vehicle data monitoring and telematics, is the key feature given by these dash cams.

Based on product, the market is divided into 1-channel, 2-channel, and rear view (front & rear view). From 2021 to 2028, the rear-view market is anticipated to grow at the highest CAGR in terms of volume. Based on application, the market is divided into commercial vehicles and personal vehicles. With a revenue share of over 65.0 percent in 2021, the personal vehicle market is projected to have the highest CAGR from 2021 to 2028. Based on the distribution channel, the market is divided into online and in-store. With a revenue share of more than 62.0 percent in 2021, the in-store category led the market and is anticipated to hold that position throughout the forecast period.

By video quality, the market is divided into SD & HD and full HD & 4K. In terms of volume, it is predicted that the full HD & 4K segment will experience the highest CAGR during the projection period. This is related to their ability to record movies at a higher resolution, which can be used as admissible evidence by courts, law enforcement, and insurance companies. The capacity to record video at a very high resolution makes Full HD & 4K dashboard cameras ideal for use as acceptable evidence by law enforcement, courts, and insurance companies. The number of drivers installing full HD and greater video quality cameras with low-resolution DVRs has also increased significantly, including both commercial fleet operators and individual drivers.

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List of Key Players in Dash Cam Market:

  • Garmin Ltd.

  • ABEO Technology

  • Falcon Zero LLC

  • Pittasoft Co. Ltd.

  • Cobra Electronics Co

  • Panasonic Corporation

  • DOD TechDJI

Key questions answered in this report:

  • What are the growth rate forecast and market size for Dash Cam Market?

  • What are the key driving factors propelling the Dash Cam Market forward?

  • What are the most important companies in the Dash Cam Market Industry?

  • What segments does the Dash Cam Market cover?

  • How can I receive a free copy of the Dash Cam Market sample report and company profiles?

Report Scope:

Report Attribute

Details

Market size value in 2021

USD 3541.3 Million

Revenue forecast in 2028

USD 7027.4 Million

Growth Rate

CAGR of almost 12.1 % 2022-2028

Base Year

2020

Historic Years

2016 – 2021

Forecast Years

2022 – 2028

Segments Covered

By Product Type, By Application, And By End Use

Forecast Units

Value (USD Billion), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2022 to 2028

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others

Companies Covered

Garmin Ltd.; ABEO Technology; Falcon Zero LLC; Pittasoft Co. Ltd.; Cobra Electronics Co; Panasonic Corporation; DOD TechDJI

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Customization Scope

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Recent Developments

  • In June 2021, Garmin has introduced four new dash cams with online storage (Dash Cam Mini 2, 47, 57, and 67W). Even the Mini 2 is compatible with Garmin’s new linked Vault, Live View, and Parking Guard functions. Captured video is saved online for up to 24 hours for free using The Vault cloud storage. Additionally, Garmin will sell paid memberships that store videos for up to 30 days (USD 10 per month) or seven days (USD 5 per month).

Regional Dominance:

Europe had the greatest share in the global dash cam market in 2021. This can be related to the growing use of dash cams by Russian drivers to protect their automobiles. Additionally, it is anticipated that the requirement to safeguard cars against con artists who deliberately smash windscreens to fraudulently claim money from insurance companies will spur market expansion. With the high accident rates, widespread police corruption, hazardous driving conditions, and affordable & readily available technology, most people in nations like Russia install dashboard cameras in their personal vehicles. Additionally, it is thought that UK consumers’ lack of interest is influenced by the current absence of direct insurance company discounts for the installation of dash cams. However, the government’s strict rules, imposed as a result of the rise in accidents in the UK, are anticipated to fuel the expansion.

Global Dash Cam Market is segmented as follows:

Dash Cam Market: By Technology Outlook (2022-2028)

Dash Cam Market: By Product Outlook (2022-2028)

Dash Cam Market: By Video Quality Outlook (2022-2028)

Dash Cam Market: By Application Outlook (2022-2028)

  • Commercial Vehicle

  • Personal Vehicle

Dash Cam Market: By Distribution Channel Outlook (2022-2028)

Dash Cam Market: By Region Outlook (2022-2028)

North America

Europe

  • France

  • The UK

  • Spain

  • Germany

  • Italy

  • Rest of Europe

Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Southeast Asia

  • Rest of Asia Pacific

Latin America

  • Brazil

  • Mexico

  • Rest of Latin America

Middle East & Africa

Press Release For Dash Cam Market: https://www.zionmarketresearch.com/news/global-dash-cam-market

Browse Other Related Research Reports from Zion Market Research

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Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, and company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

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N.Y.P.D. Police Corruption and the Internal Affairs Bureau

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Chief Campisi said that the 2006 report, which he signed, was wrong to link tips and investigations — “It should have been two charts” — and that earlier reports, particularly those in 1996 and 1998, were poorly written.

Corruption cases are divided into more than a dozen categories in the reports, from violation of departmental regulations to serious felonies. In each of the last 16 years, two-thirds to three-quarters of the offenses involved narcotics, theft and what the department refers to as “other crimes” — like fraud, assault, drunken driving and domestic violence.

Narcotics offenses dropped sharply, to 213 cases in 2008, from 653 in 1993. At the same time, cases involving stolen property grew, to 394 in 2008 from 367 in 1993. Meanwhile, “abuse of department regulations,” as the reports call it — drinking or sleeping on duty, say — more than doubled, to 154 in 2008 from 64 in 1993. And the number of instances in which officers were accused of injuring or assaulting suspects or making false arrests soared to more than 180 in each of 2006 and 2007, from 10 in 1993.

The number of officers arrested reached a high of 167 in 1995 — as the department itself swelled with the absorption of the Housing and Transit Bureaus — and then fell fairly steadily to 86 in 2004. Since then, despite the shrinking of the ranks and the decline in crime, arrests crept up, to 124 in 2008.

The reports also chronicle the Police Department’s routine drug tests; through the years, officers were most often caught having used cocaine. The testing peaked in 1996, with 16,194 random tests, and 61 officers failing. In 2008, 10 officers failed drug tests, but it is difficult to gauge the significance of the number since the report does not say how many tests were administered.

Similarly, the reports’ accounts of integrity tests are inconsistent. Only 3 of the 16 annual reports include the number of both tests and failures; the most recent, in 2002, showed 486 tests and 54 failures, including 15 for criminal misconduct, 36 for procedural problems and 3 for supervisory issues.


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Meet Trump’s New Hip-Hop Lawyer In Georgia Probe

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By Andrew Strickler (August 12, 2022, 4:01 PM EDT) — Former President Donald Trump is often accused of having contempt for the rule of law. But he is pretty comfortable with lawyers of all stripes, from conservative beltway insiders to conspiracy-minded fabulists.

Trump’s newest hire is Atlanta attorney Drew Findling, a pro-choice, anti-mass incarceration advocate best known for representing hip-hop luminaries such as Cardi B.

In a nod to the serious nature of the Georgia probe into election interference led by Fulton County District Attorney Fani T. Willis, Findling is also a criminal defense specialist with plenty of experience with executive-level clients facing conspiracy and public corruption charges.

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Business Highlights: Bill’s inflation impact, stock rally

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___

Inflation Reduction Act may have little impact on inflation

WASHINGTON (AP) — With inflation raging near its highest level in four decades, the House gave final approval to President Joe Biden’s landmark Inflation Reduction Act. Its title raises a tantalizing question: Will the measure actually do what it says? Economic analyses suggest that the answer is likely no — not anytime soon, anyway. The legislation, which now heads to the White House for Biden’s signature, won’t directly address some of the main drivers of surging prices — from gas and food to rents and restaurant meals. Still, over time, the bill could save money for some Americans by lessening the cost of certain prescription drugs for the elderly, extending health insurance subsidies and reducing energy prices.

___

Wall Street extends winning streak to 4th week

NEW YORK (AP) — Stocks are closing higher on Wall Street, giving the S&P 500 its first 4-week winning streak since November. The benchmark index gained 1.7% Friday, and other indexes also rose. Technology stocks drove much the broad rally. Inflation cooled more than expected last month, sending stocks higher. Investors see a greater chance inflation may have peaked, allowing the Federal Reserve to be less aggressive with its rate hikes than it has been this year. Crude oil prices fell, while bond yields were mixed.

___

Amazon’s Ring, MGM to launch show from viral doorbell videos

NEW YORK (AP) — Amazon-owned companies Ring and Hollywood studio MGM are partnering to create a TV show in the mold of “America’s Funniest Home Videos.” MGM says the half-hour “Ring Nation” program will showcase viral footage from Ring’s doorbell and smart-home cameras. The series is the latest example of Amazon’s fusion of its various business arms. It also presents a branding and marketing opportunity for Amazon, which bought Ring in 2018. Since then, the company has dealt with rounds of privacy concerns around Ring and its relationship with police departments across the country. The show will be hosted by comedian Wanda Sykes and premier in syndication on September 26.

___

Best Buy trims jobs after it cuts sales and profit outlook

NEW YORK (AP) — Best Buy, the nation’s largest consumer electronics chain, is trimming jobs in an effort to adjust to new changes in consumer behavior as the virus wanes. Best Buy declined to say how many jobs it was cutting but The Wall Street Journal, which was first to report the news, estimated it involved hundreds of jobs at the store level. The job cuts come after Best Buy reduced its annual sales and profit forecast late last month, citing surging inflation that has dampened consumer spending on gadgets. The Minneapolis-based company echoed Walmart, which a few days before said higher prices on basic necessities are forcing shoppers to cut back on discretionary items.

___

Russian GDP drops 4% in Q2 — 1st full quarter of fighting

MOSCOW (AP) — Russia’s gross domestic product contracted 4% in the second quarter of this year, the first full quarter since Russia sent troops into Ukraine. The state statistical service reported the drop on Friday. Russia was hit with a wide array of sanctions following its move into Ukraine in late February, including ones that cut off some Russian banks from the SWIFT international transfer system, and a significant exodus of foreign companies. The report by the Rosstat service did not analyze why GDP was lower this year than in the same quarter of 2021. But it said there was a 15.3% drop in wholesale trade and a 9.8% contraction in retail trade. Russia had reported sizable GDP increases for the last four quarters.

___

Publisher of USA Today, other papers axes staff to cut costs

NEW YORK (AP) — Newspaper publisher Gannett Co. confirmed Friday that it’s laying off some of its newsroom staff as part of a cost-cutting effort to lower its expenses as its revenue crumbles amid a downturn in ad sales and customer subscriptions. The McLean, Virginia-based company declined to provide details about the number of people who were losing their jobs. Gannett, which owns USA Today and more than 200 other daily U.S. newspapers with print editions, ended last year with more than 16,000 employees worldwide, according to the company’s annual report. The payroll included including more than 4,200 reporters, editors and photographers.

___

Peloton cuts jobs, raises prices in bid for profitability

NEW YORK (AP) — Peloton is laying off almost 800 employees and raising prices for some of its equipment as part of its latest bid to make the business profitable and free up cash. The moves were disclosed Friday in a memo to employees of the maker of high-end exercise bikes and treadmills from the company’s new CEO Barry McCarthy. The actions also include closing Peloton’s North America distribution network and shifting its delivery work to third-party providers. Peloton also plans to slash reduce its North American store base, which currently numbers 86. But the company didn’t say how many locations will close. The moves mark the latest changes since McCarthy took over in February. He replaced John Foley, who co-founded the business 10 years ago.

___

South Korea to pardon Samsung’s Lee, other corporate giants

SEOUL, South Korea (AP) — Samsung’s de-facto leader has secured a pardon of his conviction for bribing a former president in a corruption scandal that toppled a previous South Korean government. The act of leniency underscored the tech company’s huge influence in the nation. Lee Jae-yong’s pardon is partially symbolic since he was released on parole a year ago after serving 18 months of a prison term that would have ended in July. Critics say the billionaire has remained in control of Samsung even while behind bars. Still, the pardon will allow the heir to the electronics juggernaut to fully resume his management duties and could make it easier for the company to pursue investments and mergers. The Justice Ministry said Friday that Lee and other top business leaders will be pardoned Monday.

___

The S&P 500 jumped 72.88 points, or 1.7%, to 4,280.15. The Dow Jones Industrial Average gained 424.38 points, or 1.3%, to 33,761.05. The Nasdaq rose 267.27 points, or 2.1%, to 13,047.19. The Russell 2000 index of smaller companies added 41.36 points, or 2.1%, to 2,016.62.


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