According to a new report Global Dashboard Camera Market, published by KBV research, The Global Dashboard Camera Market size is expected to reach $5.2 billion by 2026, rising at a market growth of 14.9% CAGR during the forecast period.
The SD and HD segment dominated the global market and is expected to sustain its dominance over the forecast period as well. SD cameras typically capture videos with low resolution, allowing them to record videos with long loops in small memory sizes. The global demand for full HD and 4K dash cams is projected to expand at the highest CAGR over the forecast period. Full HD and 4K dashboard camera capabilities are capable of recording high-resolution video footage to produce a video quality output that insurance companies, police and legal authorities can see as admissible evidence.
In 2019, the basic dash cam segment dominated the overall market and will remain dominant during the projected period. The adoption of basic dashboard cameras will be driven by low cost and easy installation of such devices. It has been estimated that the global demand for advanced dash cams will grow at a significant growth rate over the forecast period.
Europe was the largest market of Dashboard Camera Market in 2019. Car DVRs have been given great recognition by the Russian motorists to protect themselves from tricksters who throw themselves into the slow-moving car windscreens with the goal of claiming the wrong amount of insurance. Asia Pacific is projected to grow at the highest CAGR over the forecast period due to the growing popularity and acceptance of these cameras by motorists. The North America market is expected to witness a CAGR of 12.7% during (2020 - 2026).
Structural Insights: https://www.kbvresearch.com/dashboard-camera-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Panasonic Corporation, Garmin Ltd., LG Corporation (LG Electronics), Samsung Electronics Co., Ltd. (Samsung Group), Motorola Solutions, Inc., Fine Digital, Inc., Amcrest Technologies LLC, Cedar Electronics Corporation (Cobra Electronics Corporation), ABEO Technology Co., Ltd., and Papago, Inc.
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