Dublin, June 28, 2019 (GLOBE NEWSWIRE) -- The "Global Automotive Dashboard Camera Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The automotive dashboard camera market will register a CAGR of almost 11% by 2023.
The driving behavior and road traffic crashes can be captured and recorded with the help of dashboard cameras. Various advanced single-channel dashboard cameras can start recording video as soon as they detect any break-in or movement in a parked vehicle. This helps in reducing the cases of vandalism.
Dual-channel dashboard cameras can record the events from a vehicle's front end and rear end as well as its interior. Most of the dual-channel or multi-channel dashboard cameras are single devices that consist of cameras on their either side.
The multi-channel dashboard cameras that can record high-quality video in multiple directions usually cost higher than single-channel dashboard cameras. Thus, the increasing adoption of multi-channel dashboard cameras is expected to augment the growth of the market during the forecast period.
Large number of road accidents and road rage
Evidence for finding out the actual cause of collisions or accidents can be obtained by installing a dashboard camera in vehicles. A large number of road accidents across the globe is encouraging vehicle users to install dashboard cameras in their cars.
Russia, which is prone to accusations and the demand for immediate payments even for small vehicle crashes, is experiencing a faster adoption of dashboard cameras to capture evidence, compared with many other countries in the world. This will propel the growth of the global automotive dashboard camera market during the forecast period.
Technological advances in automobile safety features
The automotive industry is experiencing continuous technological advancements. Most of these advances enhance the safety and comfort features in vehicles.
The incorporation of advanced driver assistance system (ADAS) in cars can contribute to the development of autonomous vehicles, which is expected to play a significant role in drastically reducing the number of road accidents. The presence of DSMS, AEBS, and blind spot detection can detect driver distractions or the driving behavior and provide warning or make the vehicle to act autonomously.
Other technological advances include the introduction of the automotive digital key, which provides additional safety by sending notifications to the owner's smartphone in case of any unauthorized movement in a parked vehicle. Such advanced features nullify the necessity of dashboard cameras even for parked vehicles.
Competitive Landscape
The market appears to be moderately concentrated. The presence of a few companies, including Garmin and makes the competitive environment quite intense.
Factors such as the increasing adoption of multi-channel dashboard cameras and a large number of road accidents and road rage will provide significant growth opportunities to the automotive dashboard camera manufacturers.
Key Players
- Garmin Ltd.
- HP Inc.
- LG Innotek Co. Ltd.
- Panasonic Corp.
- Pittasoft Co. Ltd.
Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Comparison by application
- Passenger cars - Market size and forecast 2018-2023
- Commercial vehicles - Market size and forecast 2018-2023
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic comparison
- Europe - Market size and forecast 2018-2023
- North America - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
- Increasing popularity of connected technologies in dashboard cameras
- Development of in-built dashboard cameras by OEMs
- Introduction of energy-efficient dashboard cameras
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Garmin Ltd.
- HP Inc.
- LG Innotek Co. Ltd.
- Panasonic Corp.
- Pittasoft Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/vvzhm1
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