Exactitude Consultancy Press Release: Global car dashcam market

Car dashcam market is growing due to the strict government laws and growing safety concerns.

The increase in the number of accidents and increasing safety concerns are the main factors driving the growth of the high speed car market. According to the World Health Organization (WHO), approximately 1.3 million road traffic accidents occur each year worldwide, and approximately 93% of road deaths occur in low- and middle-income traffic. This is why governments around the world are mandating safety and accident prevention by mandating the installation of rear-view cameras in cars around the world. For example, in 2014 the National Highway Traffic Safety Administration (NHTSA) released a new policy mandating all vehicles under the age of 10.000 lbs including buses and trucks to install backup camera by 2018. According to the report, an average of 210 deaths and 15,000 injuries occur from accident returns each year. This is due to many hikers are injured and die each year due to poor vision. These are just a few of the key factors driving the growth of the global auto speed camera market.

Explore 188 market data Tables spread through nearly 125 Pages and in-depth analysis on “Car Dashcam Market is Segmented by Technology (Basic dashboard camera, advanced dashboard camera), Product type (Single lens, double lens), Vehicle type (Passenger cars, commercial vehicles) and Region, Global trends and forecast from 2022 to 2029 with Table of Contents

There are growing opportunities of increasing demand for connected and AI-powered dashcams which results in the growth of the car dashcam market.

As the dash camera industry continues to grow, there are huge opportunities for companies to develop and market more cameras with connectivity and artificial intelligence (AI) capabilities. Connected dash cameras can be integrated with smartphones and other smart devices, providing additional features such as live streaming, remote control and cloud storage. AI-powered front cameras, on the other hand, can analyze and interpret driving data to provide drivers with more accurate and smarter alerts and notifications. With the increasing demand for advanced driver assistance systems (ADAS) and connected vehicles, the market opportunity for connected and AI-powered dash cameras is expected to increase further in the coming years. Companies that can offer new and user-friendly front cameras with advanced features are in a good position to take over the big business.

Due to the high cost of advanced dashcams the car dashcam market growth rate will be further reduced.

One of the main limitations in the dash cam market is the high cost of premium dash cams, which can limit their use in the consumer’s budget. Advanced dash cams like dual cameras, GPS tracking and intelligence can cost hundreds of dollars, making them out of reach for some consumers. Additionally, installation and maintenance costs associated with dash cameras can increase the total cost of ownership. The high cost of advanced cameras may hinder their adoption in low-cost markets such as developing countries, where simple dash cams are more popular due to their low cost. Therefore, companies that can offer the best cameras with advanced features at affordable prices will gain a competitive advantage in the market.

Asia Pacific region is expected to show higher car dashcam market growth in the forecast period.

Asia Pacific is expected to witness significant market growth in terms of traffic volume during the forecast period. Growth in Asia Pacific is dependent on many factors, including increased use of advanced driver assistance systems (ADAS) and increased consumer awareness of road safety. In addition, the increase in the number of vehicles on the roads and the increase in accidents and thefts have increased the need for fast moving vehicles in the region. In addition, there are many companies operating rapidly in the Asia Pacific, especially in China, South Korea and Japan, which are expected to support the growth of the regional economy.

COVID-19 pandemic had a mixed impact on the car dashcam market due to increase cases.

The impact of the COVID-19 pandemic on the automotive industry is mixed. On the one hand, the spread led to a decrease in the number of vehicles on the roads due to closures and restrictions, which negatively affected the demand for speed cameras. On the other hand, the pandemic has created a greater awareness of the importance of road safety and the need for reliable evidence in accidents and insurance fraud, resulting in increased demand for car accident insurance from car owners and car dealers.

The pandemic has also led to the rapid growth of e-commerce and online stores, where consumers can purchase cameras online and have them delivered directly to their doorstep. The move to online shopping has helped offset some of the negative effects on the market. In addition, the virus affected the global market, causing delays in the production and delivery of cameras. This has led to product shortages and higher prices for some models.

Car Dashcam Market key players include 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.

Key Market Segments: Car Dashcam Market

Car Dashcam Market By Technology, 2020-2029, (Usd Billion, Thousand Units)

• Basic Dashboard Camera,
• Advanced Dashboard Camera

Car Dashcam Market By Product Type, 2020-2029, (Usd Billion, Thousand Units)

• Single Lens
• Double Lens

Car Dashcam Market By Vehicle Type, 2020-2029, (Usd Billion, Thousand Units)

• Passenger Cars
• Commercial Vehicles

Car Dashcam Market By Region, 2020-2029, (Usd Billion, Thousand Units)

• North America
• Asia Pacific
• Europe
• South America
• Middle East And Africa

Important Countries In All Regions Are Covered.

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