Dashboard Camera Market Analysis, Size, Growth, Share, Demand Outlook & Forecast to 2027
The global dashboard camera market size is expected to reach around USD 7.5 billion by 2027, exhibiting a 12.9% CAGR during the forecast period, according to a new report by Grand View Research, Inc. As per research findings, an estimated 36.1 million dashboard cameras were sold in 2019. Implementation of several favorable government regulations to boost the adoption of dashboard cameras, coupled with the increasing awareness among the population worldwide regarding vehicular safety, is driving the global market. There has been an increasing awareness regarding the benefits of dashboard cameras among the motorists worldwide due to frequent news videotapes of road crashes and accidents captured by the dashboard cameras. Moreover, the use of dashcams is being encouraged by the governments in several European countries such as U.K., France, and Italy, to record footages for surveillance purposes that can be later used as evidence in the legal proceedings. The use of dashcams is increasing in the trucking industry; as increasing number of drivers and fleet owners are installing dashcams to harness the numerous benefits they offer. With easy installation and improved technology, dashboard cameras have now enabled the commercial fleet companies to safeguard their vehicles. Enhancement of driver coaching programs, the ability to see what happens during a critical incident, and improvements in overall fleet safety are some of the prime motivators for the rising installation of dashboard cameras.