Car Dashcam Market - Size, Share, Outlook, and Opportunity Analysis, 2022-2028

 

Car Dashcam

Dashboard cameras, sometimes known as "dashcams" or "dash cams," are anticipated to see an increase in demand for installation in passenger and commercial cars as a result of higher sales of these vehicles. Drivers all across the world are increasingly using dashboard cams. Many commercial and private automobile dashboards are adopting this technology. It gives the driver more control over the security of the car and makes it possible to record events like collisions, theft, and vandalism. Today, dashboard camera footage is recognised as evidence in insurance and liability cases. In order to combat fraudulent insurance claims, insurance firms encourage the use of dashboard cameras by offering discounts on insurance premiums.

The prevalence of Car Dashcam Market 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.

Due to an increase in auto thefts over the past few years, the Car Dashcam 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. When the driver is away from their car, the cameras in the parking mode of operation provide surveillance against potential car thefts and vandalism. The dash cams with this feature automatically enter parking mode after the ignition is turned off or the vehicle has been standing still for a certain amount of time.

Technology

·       Basic Dashboard Camera

·       Advanced Dashboard Camera

Product Type

·       Single Lens

·       Multi Lens

Vehicle Types-

·       Passenger Cars

·       Commercial Vehicles

Major Companies involved are- Hewlett-Packard Company, DOD-Tech Co. Ltd., ABEO Company Co. Ltd., Panasonic Corporation, Aiptek Inc., Garmin, LG Corporation, Qrontech Co. Ltd., Pittasoft Co. Ltd., Satechi Baravon, and Bulls-I Vehicle Drive Recorders.

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