Global Car Dashcam Market Overview:
A dash cam is a small, windscreen-mounted, designed to record everything in front and in some instances the rear of a driver. It can be a driverís independent witness when involved in an incident, while also saving drivers money on their insurance. Most dash cams also feature parking mode, which can capture incidents and act as a deterrent against theft and damage. Furthermore, these cameras are majorly used to assist the driver for parking, for night vision, to assess vehicle performance, and to gather critical evidence. Moreover, they are embedded with advanced computer vision algorithms, which extract meaningful information from the captured images to assist the driver for various purposes.
- Rise in Demand for Passenger Vehicles Along With Safety and Security Concerns Amongst Consumers
- Several Initiatives Taken By Insurance Companies
- Rise in On-Road Recreational Activities
- Increasing Demand from Developing Countries such as India and China
- Strict Laws Imposed Against the Use of Dashcams in Certain Countries
Some of the key players profiled in the report are Automation Engineering Inc. (United States), Robert Bosch GmbH (Germany), Continental AG (Germany), Aptiv PLC (Ireland), Stonkam Co., Ltd. (China), Mobileye N.V. (Israel), Autoliv Inc. (Sweden), Magna International Inc. (Canada), OmniVision Technologies (United States) and Valeo (France). Additionally, following companies can also be profiled that are part of our coverage like Finedigital Inc. (South Korea) and Garmin Ltd. (Switzerland). Analyst at AdvanceMarketAnalytics see United States Vendors to retain maximum share of Global Car Dashcam market by 2024. Considering Market by Vehicle, the sub-segment i.e. Passenger Cars will boost the Car Dashcam market. Considering Market by Technology, the sub-segment i.e. Basic Dashboard Camera will boost the Car Dashcam market.
On Jan 2, 2019 ó OmniVision Technologies, Inc., a leading developer of advanced digital imaging solutions, today announced the OV9284, a 1-megapixel global shutter image sensor. This latest addition to OmniVisionís automotive portfolio is ideal for in-cabin camera modules in passenger vehicles, where driver state monitoring (DSM) and passenger-monitoring cameras need to be extremely small and unobtrusive, while complying with stringent safety regulations
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Car Dashcam market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Car Dashcam market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Car Dashcam, Suppliers of Car Dashcam Parts, Wholesalers, Distributers and Retailers of Car Dashcam, Automotive Industry, Governmental Bodies and Research Firms.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.