Dashboard Camera Market : Top Trends and industry overview to watch By 2032 from Vishal's blog

The global dashboard camera market is anticipated to reach a valuation of US$ 13 Billion by 2032, with the market expanding at a prolific CAGR of 18.3% from 2022 to 2032. Valued at US$ 2 Billion in 2021, the target market is set to reach 2.4 Billion in 2022. Dashboard cameras gain high application in personal vehicles. With the rising expansion and demand for personal vehicles, the market for dashboard cameras will undergo substantial growth over the forecast period.

A dashboard camera helps in the prevention of fraud and assists in improving accident rates. It is a preventative tool that helps in controlling and reducing road accidents as well as enhancing driver safety. As per a report from WHO, India beats the global numbers in road wreck deaths. These numbers are detailed enough to make dashboard cameras a necessity, especially for newer vehicles. Again, insurance frauds are becoming increasingly common these days.

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Drivers are becoming easy targets even when they are actually the victim. All of this can be countered with the installation of dashboard cameras which helps to meet the benefits of an insurance claim. 

Moreover, dashboard cameras act as one of the best devices with regards to fleet management. In industries, where most of the work is dependent on fleet vehicles, the expense of operations amplifies. Dashboard cameras serve a crucial role in fleet management by reducing the cost of operations, thus, helping to save the company time and money each year.

This further helps the organization to concentrate on more critical aspects and increase the company’s returns. Fleet owners and aggregators like Ola and Uber anticipate real concessions as they can check how the drivers are actually performing on the job. All of these factors act as growth drivers for the dashboard camera market during the forecast period.

“As the installation of dashboard cameras aids in controlling road accidents and lessens insurance claims, the global market for the same will witnessed considerable growth over the forecast period,” says an FMI analyst.  

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Key Takeaways:

• Regulations regarding privacy infringement may hamper the market growth.
• The dashboard camera market in the United States will grow at a CAGR of 17.5%, reaching US$ 4.4 Bn during the forecast period.
• The U.K. dashboard camera market will register a CAGR of 16.8% and reach US$ 522.1 Mn by 2032.
• By technology, the basic dashboard camera segment will dominate the global marketplace with a CAGR of 18.1% during 2022-2032. 
• The dashboard camera market in the Asia Pacific region will account for the highest revenue growth.

Competitive Landscape 

ABEO Technology CO., Pittasoft Co. Ltd., Garmin Ltd, Falcon Zero LLC, Cobra Electronics Co, Safe Cams, THINKWARE, Harman, Amcrest Technologies LLC, HP Development Company LP, DOD TechDJI, Panasonic Corporation, DOD Tech, Waykens Unc., Papago Inc., LG Innotek, Koninklijke Philips N.V, and Honeywell International Inc., among others are some of the major players in the dashboard camera market profiled in the full version of the report.

Leading market players are keen on product development and releasing new product lines. These businesses also employ strategic collaborations and partnership tactics to strengthen their market prospects.