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The global dashboard camera market is anticipated to grow at a CAGR of 20.1% during the forecast period. Dashboard cameras are gaining popularity due to the increase in road accidents. Dashboard cameras assist the drivers to store the incidents happening in the front and the rear side of the vehicles. The incident is stored in the DVR box placed inside the car and that clip is beneficial for a legal proceeding, insurance claims, protection purposes, and others. People are installing dashboard cameras in their cars as the risk of road accidents is increased. According to the US Department of Transportation’s National Highway Traffic Safety Administration, in March 2022, a total of 38,824 lives were lost in traffic crashes nationwide and a total of 6,755,841 highway crashes occurred in 2020.
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Moreover, vehicle theft is a major concern for vehicle owners across the globe. In order to protect their vehicle, consumers are using dashboard cameras to watch on vehicles and to protect vehicles from theft. For instance, in 2020, according to a Federal Bureau of Investigation (FBI) report, a total of 810,400 vehicles were stolen across the US. The number of vehicles stolen was up 11.8 percent from 724,872 in 2019. Adding on, around $7.4 billion was lost to motor vehicle theft in 2020. Additionally, the FBI says that the 2020 vehicle theft record was the highest rate since 2009. Additionally, in India, a large number of vehicle theft are recorded yearly. For instance, in January 2018, according to Delhi police records, the total number of motor vehicle theft cases reported stood at 44,158, as compared to 39,084 in 2017, which accounted for about 19% of the total crimes reported.
Full report of Dashboard Camera Market available @ https://www.omrglobal.com/industry-reports/dashboard-camera-market
Market Coverage
- Segment Covered-
o By Technology
o By End User
o By Video Quality
o By Application
o Distribution Channel
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- ABEO technology co. ltd, Garmin Ltd.,Pittasoft Co. Ltd., DigiLife Technologies Co., Ltd, Cobra Electronics Corp., Panasonic Holdings Corp., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Dashboard Camera Market Report Segment
By Technology
- Basic
- Advanced
- Smart
By End-User
- Automotive
- Automotive Aftermarket
- Fleet Management
By Video Quality
- SD & HD
- Full HD & 4K
By Application
- Commercial Vehicle
- Personal Vehicle
Global Dashboard Camera Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
Reasons to Buying From us -
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/dashboard-camera-market
Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Article source: https://article-realm.com/article/Business/70991-Dashboard-Camera-Market-By-Size-Demand-Analysis-Regions-and-Forecast-2031.html
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