Global Dashboard Camera Market Set to Surge to USD 1.95 Billion by 2030, Driven by Safety Innovations and Regional Demand
The global dashboard camera market is experiencing a significant upswing, projected to grow from USD 409.82 million in 2023 to nearly USD 1.95 billion by 2030, at an impressive CAGR of 24.98% . This growth is fueled by increasing concerns over road safety, technological advancements, and supportive regulatory frameworks.

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​Competitive Landscape

Leading companies such as Garmin Ltd., Panasonic Corporation, BlackVue, Thinkware, Nextbase, and Rexing are at the forefront of innovation, offering features like GPS tracking, AI-powered analytics, and cloud connectivity. These advancements are enhancing driving experiences and setting new industry standards.​

United States: Growth Driven by Insurance and Fleet Management
In the U.S., the dashboard camera market is expected to grow at a CAGR of over 7.3% from 2024 to 2030 . This growth is attributed to the rising importance of dashcam footage in insurance claim settlements and the increasing adoption by rideshare and fleet operators.

Key Developments
Pro-Vision, a Michigan-based video systems manufacturer, was acquired by JMC Capital Partners in 2019. In 2020, Pro-Vision expanded its footprint by acquiring Florida-based Zone Defense, enhancing its offerings in advanced video systems for automotive and fleet industries .​

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Asia Pacific: Opportunities Amidst Rapid Urbanization
Asia Pacific is poised to be the fastest-growing region, with a projected CAGR of 26.7% during the forecast period . Factors such as increasing vehicle sales, urban congestion, and government mandates for dashcam installations in commercial vehicles are driving this growth.​

Recent Developments
In February 2024, LG Innotek introduced a dashboard camera module with a built-in heater, ensuring functionality in cold climates, particularly benefiting autonomous vehicles in regions like South Korea .​

Europe: Trends Shaped by Regulatory Support
Europe held the largest market share in 2023, accounting for 33% of global revenue . The region's growth is driven by stringent road safety regulations and the early adoption of dashcams in countries like Russia, the UK, and Germany.​

Notable Trends
Nextbase, a UK-based company, dominates the European market with a 67% share, offering innovative dashcam solutions that cater to a wide range of consumers .​

Middle East and Africa: Consolidation Through Strategic Partnerships
The Middle East and Africa dashboard camera market is anticipated to reach USD 4.73 billion by 2030 . The growth is driven by the increasing number of commercial vehicles and the rising adoption of dashcams for safety and monitoring purposes.​

Strategic Moves
In August 2023, IDIS, a South Korean security technology firm, completed the acquisition of U.S.-based Costar Technologies, enhancing its global presence and product offerings in the region .​

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Market Segmentation: In-Depth Analysis:

By Technology

Basic
Advanced
Smart

With the largest dashboard camera market size in 2023, the Advanced category now commands a substantial amount of dominance based on technology. The growing demand for technologically advanced dash cameras, which is being driven by an emphasis on improving driver safety, is projected to keep this market at the top. With a predicted CAGR of 26.8% during the projection period, the Smart sector is anticipated to develop at the fastest rate. The requirement for monitoring in luxury car rentals and the growing demand for safety measures, especially in reaction to crimes like carjacking and theft, will drive this expansion.

By Product

1-Channel
2-Channel

By Video Quality

SD & HD
Full HD & 4K

By Distribution Channel

Online
In-Store

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Market Key Players : In-Depth Analysis:

North America:

1. Garmin Ltd.
2. Amcrest Technologies, LLC
3. WatchGuard Technologies, Inc.
4. Waylens, Inc
5. HP Development Company LP
6. Hewlett-Packard Company

Europe:
1. Panasonic Corporation
2. Continental AG
3. Robert Bosch GmbH
4. Valeo
5. Ficosa International SA

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