Dashboard Camera Market Size Report, Share, Outlook & Trends, Analysis, Growth, 2030

Dashboard Camera Industry Prospective:

The global dashboard camera market size was worth around USD 4.5 billion in 2022 and is predicted to grow to around USD 17.01 billion by 2030 with a compound annual growth rate (CAGR) of roughly 20.98% between 2023 and 2030.

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The report analyzes the global dashboard camera industry drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the dashboard camera market.

Dashboard Camera Market: Overview

A dashboard camera is more commonly known as a dash cam. It is a compact video recorder that is placed on the dashboard or windshield of a vehicle such as a car, bus, or truck. It perpetually records the view through the front windshield and can comprise multiple lenses that record the rear and front view simultaneously. They are designed to capture and record high-quality video footage of the road and vehicles ahead while driving. Dash cams are typically powered by the built-in battery or electrical system of the vehicle. Once turned on, they automatically start recording and only stop recording when manually turned off. The footage recorded is usually stored in a memory card and once the card reaches its full capacity, older footage is automatically overwritten with the new recorded information or video.

Key Insights:

• As per the analysis shared by our research analyst, the global dashboard camera market is estimated to grow annually at a CAGR of around 20.98% over the forecast period (2023-2030)
• In terms of revenue, the global dashboard camera market size was valued at around USD 4.5 billion in 2022 and is projected to reach USD 17.01 billion, by 2030.
• The dashboard camera market is projected to grow at a significant rate due to the growing awareness of personal safety
• Based on vehicle type segmentation, passenger vehicles was predicted to show maximum market share in the year 2022
• Based on technology type segmentation, basic was the leading type in 2022
• On the basis of region, Europe was the leading revenue generator in 2022

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Dashboard Camera Market: Growth Drivers

Growing awareness around personal safety to drive market growth

The global dashboard camera market is projected to grow owing to the growing awareness around personal safety especially while driving. As the world is registering high sales of cars and other automobiles for personal or commercial purposes, vehicular traffic has reached a staggering rate in recent times. This is especially observed in urban areas or regions with dense populations. Factors such as increased disposable income, availability of financial assistance, urbanization, growing job opportunities, and changing lifestyles are causing increased vehicular traffic. This leads to a rise in the number of road accidents and dash cams are crucial to record these incidents for several purposes such as insurance claims and determining the faulty party in a road accident.

Dashboard Camera Market: Restraints

Concerns over privacy to restrict market expansion

One of the primary growth restraints for the dashboard camera industry is the growing concern over privacy invasion when devices such as dashcams are used. They continuously record video footage and may capture unwanted or sensitive information which includes activities of pedestrians, nearby drivers, or conversations within the vehicle. Several agencies and people consider dashcams as unofficial surveillance devices since there are ongoing debates over the ethical stature of continuous video recording and the subsequent risk of misuse of data.

Dashboard Camera Market: Opportunities

Growing investment toward integration with advanced driver-assistance systems (ADAS) to provide growth opportunities

ADAS refers to a collection of technologies and electronic systems that are designed to assist drivers while driving on roads. They play a crucial role in ensuring road safety. As the research development programs around the integration of dash cams with ADAS systems are growing worldwide, the global dashboard camera industry players can expect several growth opportunities. By working with a combination of visual data from dash cams along with advanced algorithms and sensors such as lane departure warning, forward collision warning, and adaptive cruise control can be further improved.

Dashboard Camera Market: Challenges

Reliability and durability to challenge the market expansion

Dash cams are generally subject to harsh environments such as extreme temperatures, vibrations, and high humidity. Hence, it becomes imperative that the dashboard cameras are maintained properly to ensure long-term durability and reliability. Furthermore, sustaining good video quality and protecting against data corruption add to the existing burden of dash cam maintenance. There is a significant lack of consumer awareness especially in developing or underdeveloped countries as not many people tend to use this device due to misconceptions or unawareness. This further causes a loss of revenue.

Dashboard Camera Market: Segmentation

The global dashboard camera market is segmented based on vehicle type, channel type, technology type, and region.

Based on vehicle type, the global market divisions are commercial vehicles, passenger vehicles, and others. The dashboard camera industry growth was led by the passenger vehicles segment in 2022. The commercial vehicles segment includes automobiles such as trucks, delivery vans, taxis, and buses. The growth is primarily driven due to the specific benefits of dash cams that they have to offer to commercial vehicles. The devices help fleet managers and transportation service providers monitor and assess the behavior of the driver which helps them ensure that the protocols are being met. It becomes easy to respond to any deviance from normal expected behavior. The footage recorded can be later used to conduct essential training programs. In addition to this, commercial vehicles are highly prone to road accidents and dash cams can be highly valuable in incidents requiring insurance claims. As per the US Department of Transportation, the country records 67000 bus accidents every year.

Based on channel type, the global market is divided into dual-channel, single-channel, and others.

Based on technology type, the global dashboard camera industry segments are smart, advanced, basic, and others. The segmental growth was dominated by basic technology as they offer essential features and basic functionality. The price is lower as compared to others and hence is more cost-effective for everyday use. They are designed to capture video footage of the road ahead. Such dash cams have a simpler user interface with limited additional features and standard video quality. Advanced cams offer upgraded capabilities such as enhanced video quality, higher-resolution sensors, and improved low-light performance. Some models may also offer Bluetooth and Wi-Fi connectivity. Smart cams are the most advanced versions and offer features such as live-view, video playback, and video sharing. A basic dash cam may cost between USD 60 to USD 150.

Recent Developments:

• In January 2023, the Ring division of global giant Amazon.com Inc announced the launch of its first car dash cam. The product launch is already 2 years delayed since the first announcement and has assisted the company expand beyond the home security category. The device is called Ring Car Cam and can effectively record inside and outside of the car. It can also prevent car theft
• In December 2022, 70mai, a leading auto intelligence company, launched Dash Cam Omni. It has a patented 360 degrees rotating design and used an artificial intelligence algorithm to ensure car safety when parked

Dashboard Camera Market: Report Scope

Dashboard Camera Market: Regional Analysis

Europe to witness high growth rate

The global dashboard camera market is expected to witness the highest growth in Europe during the forecast period. In 2022, the regional share was over USD 1.765 billion as the product adoption rate in European territories such as Germany, France, the United Kingdom, and Russia is higher as compared to other regions. Most of the regional territories have been early adopters as insisted by government regulations to ensure road safety and curb road rage.

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North America is expected to become the second lead in terms of the sale of dash cams as more people are willing to spend on advanced systems to prevent car theft and safeguard their interests in case of collisions or accidents. Moreover, US lawmakers are lobbying for stricter adoption of dash cams which could lead to higher growth in the region. As road accidents in the country continue to grow, the need for systems and devices that could help manage such situations is at its peak in these territories.

Dashboard Camera Market: Competitive Analysis

The global dashboard camera market is led by players like:

• Garmin
• Nextbase
• Thinkware
• BlackVue
• VIOFO
• Rexing
• Vantrue
• Anker Roav
• Transcend
• AUKEY
• Crosstour
• Yi Technology
• APEMAN
• Papago
• Cobra Electronics
• FalconZero
• Pyle
• Azdome
• Old Shark
• Blueskysea
• WheelWitness
• Street Guardian
• Spy Tec.

The global dashboard camera market is segmented as follows:

By Vehicle Type

• Commercial Vehicles
• Passenger Vehicles
• Others

By Channel Type

• Dual-Channel
• Single-Channel
• Others

By Technology Type

• Smart
• Advanced
• Basic
• Others

By Region

• North America
  • The U.S.
  • Canada
• 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
  • GCC
  • South Africa
  • Rest of Middle East & Africa