Latest News- Automotive Dashboard Camera Market: Passenger cars is expected to lead the Application segment during 2024-2028

The Automotive Dashboard Camera Market is being driven by Increasing adoption of multi-channel dashboard cameras

The Automotive Dashboard Camera Market is expected to grow at a CAGR of 34.28% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 9869.1 million. The automotive dashboard camera market is experiencing significant growth due to the increasing adoption of connected technologies in the global automotive industry. Connected infotainment, telematics, V2X technologies, and remote diagnostics are driving this expansion. Harman International is at the forefront of this trend, offering connected dashboard cameras with OBD-II dongles via HARMAN SmartAuto. These cameras provide remote surveillance, voice control, contextual alerts, and more, making them essential tools for modern vehicles. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Passenger cars
  • Commercial vehicles
• Product
  • Single channel
  • Dual channel
• Geography
  • Europe
    • Germany
    • Russia
    • UK
  • North America
    • US
  • APAC
    • China
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing adoption of multi-channel dashboard cameras
• Discounts on insurance premiums for vehicles with dashboard cameras
• Increasing safety concerns in automotive ecosystem

However, the market also witnesses some limitations, which are as follows:

• Inconsistent quality of automotive dashboard cameras
• Technological advances in automobile safety features
• Privacy laws restricting use of dashboard cameras

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Market Scope in Automotive Dashboard Camera Market Research Report

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Research Analysis Overview

In the automotive sector, fleet managers and vehicle owners increasingly rely on location tracking and real-time monitoring systems to optimize operations and ensure safety. One such technology gaining popularity is the Automotive Dashboard Camera Market. These devices, also known as Car DVRs, offer features like blind spot detection and recorded footage for evidence in case of road mishaps or accidents. The Automotive Dashboard Camera Market holds significance in the context of insurance costs. In the event of car accidents, these cameras provide crucial evidence for insurance companies to assess claims fairly and prevent fraudulent ones. Moreover, they can also serve as a deterrent against vehicle thefts. Regulations from the Land Transportation Office and insurance companies mandate the use of such devices in the fleet, adding to their demand in the market. Vehicle manufacturers are also integrating these features into their vehicles to cater to this growing need. In summary, the Automotive Dashboard Camera Market plays a vital role in the land transportation sector by enhancing safety, optimizing fleet management, reducing insurance costs, and providing evidence in case of road accidents or vehicle thefts.

Market Research Overview

The automotive dashboard camera market caters to businesses producing electronic components and equipment for in-vehicle surveillance systems in various automobile segments, including passenger cars, electric vehicles, commercial vehicles, heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. Market expansion is fueled by the rising demand for advanced electronic control units and other electrical components due to the growing sales of electric vehicles, motorcycles, and passenger cars over the past decade.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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