The global dashboard camera market size is expected to reach USD 1.84 billion by 2022 according to a new report by Grand View Research, Inc. Favorable government initiatives and rising demand for vehicular safety are expected to boost global dashboard camera market growth.The industry is expected to witness an upsurge in demand for dashcams in passenger and commercial vehicles by positively driving industry growth over the forecast period.
Dashcams facilitate in recording video footage of road accidents and other untoward incidents through windshield and assist in collecting evidences to be used in case of impending legal actions. These legitimate evidences can be produced in courts in matter of disputes against the offenders.
Increasing acts of vandalism, car thefts, and wreckages are presumed to trigger the demand for automotive surveillance systems. Dashcams provide automotive surveillance even in the absence of driver and in parking mode.
However, several countries in the European region such as Switzerland and Austria are facing bans on use of dashcams. Violation of privacy and vulnerability towards unethical hacking have hampered the reliability of such in-car DVR systems.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/dashboard-camera-market
Asia Pacific dashboard camera market revenue by product, 2012-2022, (USD Million)
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Single-channel dashcam segment dominated the
global in-vehicle dashboard camera industry accounting for more than 70% of the
industry share in 2014. Dual-channel dashcam systems comprise two cameras with
high-resolution feed for front and rear video recording. Dual-channel systems
are relatively costly as compared to single-channel systems as they enable
video recording of external as well as in-car events.
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Industry players are focusing on revenue
generation through product differentiation. Vendors are emphasizing on
developing dashcams that can be integrated with high-end technologies such as
high-resolution night vision cameras and integrated GPS. Vendors such as
LyfeLens and BlackVue recently introduced advanced in-car DVR systems that
connect the car and smartphones and provides users with insight of actions happening
in and around the vehicles via real-time data, live video feeds, and push
notifications.
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The Asia Pacific regional market contributed to
approximately 30% of the overall revenue share in 2014. Increase in funding
initiatives and increased focus on fraud prevention offering road safety to
motorists and passengers are anticipated to impel growth in the regional
market. Concentrated presence of manufacturers, higher production capabilities,
and availability of cheap labor in countries such as China, and Taiwan are
expected to fuel the demand for dashcams in the region.
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Key industry participants include Amcrest
Technologies, Falcon Zero, Fine Digital, Inc., ITronics Group, and WatchGuard
Video. Innovative distribution and marketing strategies adopted by vendors such
as authorized e-commerce retailersare expected to positively influence industry
growth.
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Grand View Research has segmented the global dashboard camera market on the basis of technology, product, video quality, and region:
Dashboard Camera Technology Outlook (Revenue, USD Million, 2012 – 2022)
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Basic
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Advanced
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Smart
Dashboard Camera Product Outlook (Revenue, USD Million, 2012 – 2022)
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Single Channel
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Dual Channel
Dashboard Camera Video Quality Outlook (Revenue, USD Million, 2012 –
2022)
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Standard Definition
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High Definition
Dashboard Camera Regional Outlook (Revenue, USD Million, 2012 –
2022)
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North America
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Europe
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Asia Pacific
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Latin America
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MEA
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