DUBLIN–(BUSINESS WIRE)–The “Dashboard Camera Global Market Report 2021: COVID-19 Impact and Recovery” report has been added to ResearchAndMarkets.com’s offering.
The global dashboard camera market is expected to grow from $2.53 billion in 2020 to $2.91 billion in 2021 at a compound annual growth rate (CAGR) of 15.1%.
The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $4.96 billion in 2025 at a CAGR of 14.2%.
The dashboard camera (dashcam) market consists of the sales of dashboard cameras by entities (organizations, sole traders, and partnerships) that are engaged in offering a wide range of products under driver-assistance systems and fulfill the aftermarket requirements for solutions for road safety. Only goods and services traded between entities or sold to end consumers are included.
The main types of dashboard cameras are front-facing dashcam, front and rear dashcam, front and interior dashcam, triple-lens dashcam, and miniature dashcam. A front-facing dashcam is a camera that records the front of the windshield. A front and rear dashcam records the front and the rear of the car and includes two video lenses that can record from both lenses at the same time.
A front and interior dashcam records the interiors and front of the car. A triple-lens dashcam records the front, inside, and rear of the vehicle simultaneously. Miniature dashcams are small dashcams that can have screens. The dashboard cameras are used in commercial and personal vehicles and are equipped with basic, advanced, and smart technologies.
North America was the largest region in the dashboard camera market in 2020. Europe was the second-largest market in the dashboard camera market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The shutting down of manufacturing facilities during the lockdown, causing a halt in automobile production is expected to restrain the growth of the dashboard camera market. The majority of dashboard camera manufacturers are facing issues due to the closure of automobile industries, which further affects the production of dashboard cameras.
For instance, in May 2020, Ford, an American multinational automaker, shut down all European and North American production. Moreover, in March 2020, Fiat Chrysler, PSA Group, and Renault, the three of Europe’s huge carmakers declared the closure of 35 manufacturing facilities in total across Europe.
As the governments across the afflicted countries have declared lockdowns, a major spurn in the demand and supply cycle network for the dashboard camera manufacturers was experienced due to the mass closure of automobile industries, which in turn affects the growth of the dashboard camera market.
Key Topics Covered:
1. Executive Summary
2. Dashboard Camera Market Characteristics
3. Dashboard Camera Market Trends and Strategies
4. Impact of COVID-19 on Dashboard Camera
5. Dashboard Camera Market Size and Growth
5.1. Global Dashboard Camera Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on the Market
5.2. Global Dashboard Camera Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market
6. Dashboard Camera Market Segmentation
6.1. Global Dashboard Camera Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Front Facing Dashcam Front and Rear Dashcam Front and Interior Dashcam Triple Lens Dashcam Miniature Dashcam 6.2. Global Dashboard Camera Market, Segmentation by Technology, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Basic Advanced Smart 6.3. Global Dashboard Camera Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Commercial Vehicle Personal Vehicle 7. Dashboard Camera Market Regional and Country Analysis
7.1. Global Dashboard Camera Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Dashboard Camera Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Companies Mentioned
Panasonic Corporation ABEO Technology DOD Tech Pittasoft Co. Ltd. HP Development Company LP Cobra Electronics Co. Hewlett-Packard Harman International Industries Inc. Falcon Zero LLC 360 (QIHU) Thinkware DOME Technology Philips First Scene Comtec SAST JADO REXing Kenwood Yupiteru Fine Digital PAPAGO Nextbase UK HUNYDON Qrontech DAZA YI Technology Aiptek Inc. LG Corp Qrontech Co. Ltd. Satechi Baravon For more information about this report visit https://www.researchandmarkets.com/r/vnin6t