Global Automotive Dashboard Camera Market 2019-2023| Introduction of Energy-Efficient Dashboard Cameras to Boost Growth| Technavio

The global automotive dashboard camera market is expected to post a CAGR
close to 11% during the period 2019-2023, according to the latest market
research report by Technavio.

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Technavio has published a new market research report on the global automotive dashboard camera market from 2019-2023. (Graphic: Business Wire)

A key factor driving the growth of the market is the increasing adoption
of multi-channel dashboard cameras. Driving behavior and road traffic
crashes can be captured and recorded with the help of dashboard cameras.
This is increasing the demand for dual-channel or multi-channel
dashboard cameras. Dual-channel dashboard cameras can record the events
from a vehicle's front end and rear end as well as its interior. There
are 3-channel dashboard cameras that can capture front end, rear end,
and vehicle interiors. Most of the dual-channel or multi-channel
dashboard cameras are single devices that consist of cameras on their
either side. In addition to the abovementioned factors, insurance
providers also play a significant role in the increasing adoption of
multi-channel dashboard cameras.

As per Technavio, the introduction of energy-efficient dashboard cameras
will have a positive impact on the market and contribute to its growth
significantly over the forecast period. This global
automotive dashboard camera market 2019-2023 research
report also analyzes other important trends and market drivers that will
affect market growth over 2019-2023.

Global automotive dashboard camera market:
Introduction of energy-efficient dashboard cameras

An automotive dashboard camera is always switched on when a vehicle is
in the driving mode and when it is parked. These cameras are either
powered by external batteries or the vehicle's battery, leading to
frequent replacement of external batteries or the frequent draining of
the vehicle's battery. To overcome such issues, manufacturers have
introduced energy-efficient dashboard cameras. These dashboard cameras
include both timer and voltage cut-off functions, wherein, when the
timer is up or the vehicle battery's voltage drops to the cut-off value,
it will stop powering the dashboard camera. Some vendors are also
offering dashboard cameras with an in-built accelerometer that
automatically switches the device to parking mode when the vehicle is
stationary for 5 minutes or more. In addition to these, there are
dashboard cameras with a built-in rechargeable battery, that start
recording videos only when they detect an impact. Thus, the introduction
of energy-efficient dashboard cameras will positively impact the global
market during the forecast period.

“The high Internet penetration is increasing the adoption of connected
technologies in the automotive industry across the globe. These
expansions are also fueling the adoption of automotive dashboard cameras
with connected technologies as these connected dashboard cameras have a
remote surveillance feature. It also offers voice control, contextual
alerts, GPS, wireless fidelity (Wi-Fi), and sensors. The availability of
connected technologies allows users to remotely view the recorded video,
which provides significant advantages in terms of safety for parked
vehicles. This is expected to have a positive impact on the market over
the forecast period,” says a senior analyst at Technavio.

Global automotive dashboard camera market:
Segmentation analysis

This market research report segments the global automotive dashboard
camera market by application (passenger cars, and commercial vehicles)
and geographical regions (Europe, North America, APAC, South America,
and MEA).

The European region led the market in 2018, followed by North America,
APAC, South America, and MEA respectively. However, during the forecast
period, the APAC region is expected to register the highest incremental
growth. This can be attributed to factors such as increasing awareness
of the importance of dashboard cameras, and the decreasing average price
of dashboard cameras in the region.

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Geographical Segmentation

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Market Drivers

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Market Trends

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• Market positioning of vendors
• Competitive scenario

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View source version on businesswire.com: https://www.businesswire.com/news/home/20190529005429/en/