Dashboard Camera Market Overview
Dashboard Camera Market Size was estimated at 2.75 (USD Billion) in 2022. The Dashboard Camera Market Industry is expected to grow from 3.05(USD Billion) in 2023 to 7.67 (USD Billion) by 2032. The Dashboard Camera Market CAGR (growth rate) is expected to be around 10.81% during the forecast period (2024 - 2032).
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Dashboard Camera Market Trends Highlighted
One of the most notable trends in the global dashboard camera market is the increasing adoption of advanced technologies, such as artificial intelligence (AI) and cloud connectivity. AI-powered dashboard cameras can detect and classify objects, recognize faces, and provide real-time alerts, enhancing safety and convenience for drivers. Cloud connectivity allows for remote access to footage, enabling users to monitor their vehicles and share evidence with insurance companies or law enforcement.
Another key trend is the growing demand for high-resolution cameras with wide-angle lenses and night vision capabilities. These features provide enhanced visibility and clarity, ensuring that drivers can capture crucial details in the event of an incident. Additionally, the integration of GPS tracking and mobile app compatibility allows users to track their location and access footage from anywhere.The rising awareness of road safety and the need for evidence in insurance claims is driving the adoption of dashboard cameras across various vehicle segments, including passenger cars, commercial vehicles, and fleet management. Moreover, government regulations mandating the installation of dashboard cameras in certain jurisdictions are further contributing to market growth.
Dashboard Camera Market Drivers
Rising Demand for Enhanced Vehicle Safety Features
The increasing attention to road safety has resulted in a higher demand for advanced driver assistance systems, one of which is a dashboard camera. They ensure that the important evidence for crash analysis is in place, thus helping determine the person who should cover the occurring expenses and protect all drivers from unproven claims from the other drivers. The growing tendency towards autonomous cars and autonomous vehicles is aimed at increasing vehicle safety, so they need even more cameras to control the situation around them.For these reasons, the Global Dashboard Camera Market Industry is likely to see an increase.
Technological Advancements and Feature Enhancements
Advancements in camera technology are the main aspects, which have contributed to the creation of high-resolution dashboard cameras that are also equipped with a wide-angle lens. It is necessary to note vast improvements that have affected night vision and real-time monitoring. On the one hand, utilizing digital technologies has increased the quality of image recording and, as a result, improved this surveillance device.Drivers can see the maximum area, which is also reflected in the footage. On the other hand, the introduction of artificial intelligence and special learning algorithms have made it possible to consider various images and draw certain conclusions about what can be them. If the system detects something that can be potentially dangerous for the driver, it will warn a person.
Growing Adoption in Commercial Vehicles and Fleets
Fleet managers and commercial vehicle operators increasingly understand the benefits of dashboard cameras that monitor the behavior of drivers, reduce insurance, and assist in effective operation. Such devices provide important information on patterns of driving, the best methods of avoiding crashes, reducing insurance payments, etc. The Global Dashboard Camera Market Industry will witness an increased demand for such devices due to the need of businesses to improve the safety of commercial vehicles, reduce the costs of operation, etc.
Dashboard Camera Market Segment Insights
Dashboard Camera Market Camera Resolution Insights
The Camera Resolution segment of the market shapes the Global Dashboard Camera Market the most. In 2023, HD 720p resolution occupied the leading position, constituting more than 40% of market revenue. The reason for its wide use is the good quality of recorded images and cost-effectiveness. The rapid development and growth of the 1080p camera segment are driven by the increasing demand for higher-quality recorded videos. It is expected to reach a value of USD 1.5 billion by 2032, growing at a CAGR of 12.5% during the forecast period. Its advantages include higher image quality, which makes it easy to capture the recorded person's license plates or road signs.
On the contrary, the 2K 1440p resolution is a middle segment that is likely to develop in response to the increasing demand of customers for the enhancement of video clarity. The cost-effectiveness is another reason for the growth of the category. It is expected to reach a value of USD 0.9 billion by 2032, with a CAGR of 14.2%. 4K 2160p resolution, with the best quality and range of recorded images, is also the most expensive segment, and the growth of its market share is expected to accelerate as the costs of 4K screens decrease. The segment is predicted to grow at a CAGR of 18.5, with the expectation of reaching a market value of USD 1.2 billion.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Dashboard Camera Market Camera Type Insights
The Asia-Pacific VPN Router Market. The Global Dashboard Camera Market is segmented by Camera Type into Single Lens, Dual Lens, Quad Lens, and 360-Degree. Among these, the Single Lens segment held the largest market share in 2023, accounting for over 60% of the Global Dashboard Camera Market revenue. The Single Lens segment is expected to continue its dominance throughout the forecast period, owing to its affordability and ease of installation. The Dual Lens segment is projected to witness the highest growth rate during the forecast period due to the increasing demand for a wider field of view and improved image quality.
The Quad Lens and 360-Degree segments are also expected to experience significant growth, as they offer an even wider field of view and immersive viewing experience.
Dashboard Camera Market Video Recording Format Insights
Video Recording Format Segment Insights The video recording format segment of the Global Dashboard Camera Market is expected to witness significant growth in the coming years. The increasing demand for high-quality video footage for insurance purposes and evidence gathering is driving the adoption of advanced video recording formats. Among the various formats available, H.264, H.265, MP4, and AVI are expected to remain dominant in the market. H.264, known for its efficient compression and widespread compatibility, currently holds a significant market share.
However, H.265, with its improved compression capabilities and reduced file size, is gaining traction as a preferred format for high-resolution video recording. MP4 and AVI are also widely used due to their compatibility with a range of devices and software. The increasing penetration of smartphones and the growing popularity of dashcams for personal vehicles are further fueling the demand for these video recording formats.
Dashboard Camera Market Field of View Insights
The Field of View segment plays a crucial role in the Global Dashboard Camera Market segmentation, impacting buying decisions and driving market growth. It broadly categorizes dashboard cameras based on their field of view: Narrow (less than 120 degrees): These cameras have a limited field of view, typically capturing a narrower area directly in front of the vehicle. They are suitable for budget-conscious buyers and provide basic recording capabilities. Wide (120-170 degrees): Dashboard cameras in this segment offer a wider field of view, capturing a larger area both in front and to the sides of the vehicle.
They are more versatile and provide a better overall view of the surroundings. Ultra-Wide (more than 170 degrees): These cameras provide an exceptionally wide field of view, often capturing almost 180 degrees or even more. They offer a panoramic view, minimizing blind spots and enhancing situational awareness for drivers. The demand for wide and ultra-wide field of view cameras is growing as drivers prioritize safety and seek comprehensive coverage. These cameras are particularly useful in complex driving environments, such as urban areas or highways, where capturing a broader view is essential for accident prevention and liability protection.As a result, the Global Dashboard Camera Market revenue for wide and ultra-wide field of view cameras is projected to witness significant growth in the coming years, driven by increasing demand from both consumers and commercial vehicle fleets.
Dashboard Camera Market Features Insights
The Features segment of the Global Dashboard Camera Market is anticipated to grow significantly in the coming years. Among its sub-segments, Built-in GPS held the largest market share in 2023, owing to its ability to track location and speed data, making it useful for insurance claims and accident reconstruction. Night Vision technology, which enhances visibility in low-light conditions, is also gaining popularity, with a projected market share of 24.5% by 2024. Collision Detection features, which alert drivers to potential collisions, and Lane Departure Warning systems, which warn drivers when they drift out of their lanes, are also expected to contribute to the growth of the Features segment.
Motion Detection capabilities, which trigger recording when movement is detected, are another key feature in demand, with a market share of 18.3% projected for 2024.
Dashboard Camera Market Regional Insights
The regional segmentation of the Global Dashboard Camera Market showcases distinct market dynamics and growth opportunities across various regions. North America holds a significant market share, driven by factors such as high vehicle ownership rates, advanced technological infrastructure, and growing safety concerns. Europe follows closely, with the increasing adoption of dashboard cameras for insurance purposes and stringent traffic regulations. The Asia-Pacific (APAC) region is projected to witness the fastest growth, attributed to the rising middle class, expanding automotive industry, and increasing disposable income.
South America, the Middle East, and Africa (MEA) regions are expected to experience steady growth, with growing awareness of road safety and technological advancements. These regional insights provide valuable information for market players to tailor their strategies and tap into specific growth opportunities in each region.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Dashboard Camera Market Key Players And Competitive Insights
The major players in the Dashboard Camera Market industry are continuously investing their efforts in research and development to offer innovative products. Prominent companies are focused on developing new features and technology to advance the user experience. The development in the Dashboard Camera Market is driven by the increasing demand of the customers for enhanced safety features in the vehicles.
The competitive landscape is characterized by the presence of robust local and international players.Garmin is the key competitor in the Dashboard Camera Market industry. The company manufactures high-quality GPS devices and has recently foray into the Dashboard Camera Market. Garmin's dashboard cameras are recognized for features including GPS tracking, lane departure warnings, and forward collision warnings. Another firm operating in the market is BlackVue. The dashboard cameras of BlackVue are known for their higher video quality and wide angles. The features of the dashboard cameras BlackVue offers are cloud storage, motion detection, and remote access. The remaining key player in the market is Nextbase. The company's dashboard cameras are easy to use and understand by users. The features of the product include GPS tracking, speed monitoring, and parking mode. The major players in the Dashboard Camera Market industry are innovating and developing new technologies to lead the competition.
Key Companies in the Dashboard Camera Market Include:
-
Blackvue
-
Vantrue
-
Crosstour
-
Garmin
-
Aukey
-
Blueskysea
-
YI Technology
-
ZEdge
-
Thinkware
-
Apeman
-
Papago
-
HP
-
Snooper
-
Mio
-
Nextbase
Dashboard Camera Market Industry Developments
The global dashboard camera market is projected to grow from an estimated USD 3.29 billion in 2023 to USD 7.67 billion by 2032, exhibiting a CAGR of 10.81% during the forecast period. The rising adoption of advanced driver assistance systems (ADAS) and increasing demand for vehicle safety features are major factors driving market growth. Technological advancements, such as the integration of artificial intelligence (AI) and cloud connectivity, are further enhancing the capabilities of dashboard cameras, making them more attractive to consumers. Key industry developments include the launch of AI-powered dashcams with features like driver drowsiness detection and lane departure warning systems. Additionally, the growing popularity of ride-sharing services is expected to contribute to market demand as drivers seek to protect themselves and their vehicles.
Dashboard Camera Market Segmentation Insights
Dashboard Camera Market Camera Resolution Outlook
- HD (720p)
- Full HD (1080p)
- 2K (1440p)
- 4K (2160p)
Dashboard Camera Market Camera Type Outlook
- Single Lens
- Dual Lens
- Quad Lens
- 360-Degree
Dashboard Camera Market Video Recording Format Outlook
Dashboard Camera Market Field of View Outlook
- Narrow (less than 120 degrees)
- Wide (120-170 degrees)
- Ultra-Wide (more than 170 degrees)
Dashboard Camera Market Features Outlook
- Built-in GPS
- Night Vision
- Collision Detection
- Lane Departure Warning
- Motion Detection
Dashboard Camera Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
2.75(USD Billion) |
| Market Size 2023 |
3.05(USD Billion) |
| Market Size 2032 |
7.67(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
10.81% (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 |
Blackvue, Vantrue, Crosstour, Garmin, Aukey, Blueskysea, YI Technology, ZEdge, Thinkware, Apeman, Papago, HP, Snooper, Mio, Nextbase |
| Segments Covered |
Camera Resolution, Camera Type, Video Recording Format, Field of View, Features, Regional |
| Key Market Opportunities |
1 Rising Adoption of Advanced Driver Assistance Systems ADAS2 Growing Demand for Vehicle Safety and Security3 Integration with Cloud and Connectivity4 Expansion of the Commercial Vehicle Market5 Emerging Fleet Management Solutions |
| Key Market Dynamics |
Rising Demand for Advanced Safety Features Increasing Adoption in Commercial Vehicles Growing Popularity of Dash Cams for Insurance Purposes Technological Advancements in Camera Resolution and Features Expansion into Emerging Markets |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The global dashboard camera market is expected to reach USD 7.67 billion by 2032, exhibiting a CAGR of 10.81% during the forecast period (2024-2032).
North America is anticipated to dominate the dashboard camera market throughout the forecast period. The region's large automotive industry and rising demand for advanced driver assistance systems (ADAS) contribute to its dominance.
The increasing adoption of ADAS, the growing popularity of ride-sharing services, and the rising safety concerns among consumers are the primary factors fueling the growth of the global dashboard camera market.
Key players in the global dashboard camera market include Garmin, Nextbase, Thinkware, BlackVue, and Yi Technology. These companies offer a wide range of dashboard cameras with varying features and price points.
Dashboard cameras come in various types, including single-channel cameras, dual-channel cameras, front and rear cameras, and 360-degree cameras. Each type offers different features and coverage options to suit specific user needs.
When selecting a dashboard camera, important features include video resolution, field of view, night vision capabilities, parking mode, and connectivity options. These features impact the overall performance and functionality of the camera.
Growth opportunities in the global dashboard camera market lie in the integration of AI and machine learning, the adoption of cloud-based storage solutions, and the expansion into emerging markets with increasing vehicle ownership.
Challenges faced by the global dashboard camera market include privacy concerns related to data collection, competition from smartphone cameras, and the need for continuous innovation to keep up with technological advancements.
The future of the global dashboard camera market looks promising, driven by the increasing demand for safety and security features in vehicles, the adoption of connected car technologies, and the growing awareness of insurance benefits associated with dashboard cameras.
