LONDON--(BUSINESS WIRE)--Oct 16, 2019--

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

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Technavio has announced its latest market research report titled global automotive dashboard camera market 2019-2023. (Graphic: Business Wire)

The increasing adoption of multi-channel dashboard cameras will boost the automotive dashboard camera market growth during the forecast period. Dashboard cameras help in capturing and recording driving behavior and road traffic crashes. 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. Most of the dual-channel or multi-channel dashboard cameras are single devices that consist of cameras on 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 they offer lower premiums for cars that have dashboard cameras.

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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 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

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. Thus, the introduction of energy-efficient dashboard cameras will positively impact the global market during the forecast period.

“High Internet penetration is increasing the adoption of connected technologies in the automotive industry. 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. This is expected to have a positive impact on the market over the forecast period, ” says a senior analyst at Technavio.

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Automotive Dashboard Camera Market: Segmentation Analysis

This market research report segments the 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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Some of the key topics covered in the report include:

Market Landscape

• Market ecosystem
• Market characteristics
• Market segmentation analysis

Market Sizing

• Market definition
• Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

• Regional comparison
• Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at [email protected].

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KEYWORD:

INDUSTRY KEYWORD: AFTERMARKET AUTOMOTIVE GENERAL AUTOMOTIVE TECHNOLOGY MOBILE/WIRELESS HARDWARE

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 10/16/2019 12:14 PM/DISC: 10/16/2019 12:14 PM

http://www.businesswire.com/news/home/20191016005703/en