Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3,541.3 million | USD 7,027.4 million | 12.1% | 2021 |
FrequentlyAsked Questions
During the anticipated period, the global dashboard camera market is anticipated to be driven by rising auto sales, the development of the automotive industry, favorable insurance policies, an increase in thefts and traffic accidents, the incorporation of numerous safety components into vehicles, and practical dashboard camera installation mandates.
According to the report, the global dash cam market was worth about 3,541.3 (USD million) in 2021 and is predicted to grow to around 7,027.4 (USD million) by 2028, with a compound annual growth rate (CAGR) of around 12.1%.
Europe had the greatest market share worldwide 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 in order to fraudulently claim money from insurance companies will spur market expansion.
Some of the main competitors dominating the global dash cam market include - Garmin Ltd.; ABEO Technology; Falcon Zero LLC; Pittasoft Co. Ltd.; Cobra Electronics Co; Panasonic Corporation; DOD TechDJI
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