Dashboard Cameras - The Technology for Authentic Surveillance in Motion

Caution Light-

A few statistics to stop and think about

• According to the National Highway Traffic Safety Administration (NHTSA), in 2020, 66% of traffic fatalities were caused by aggressive drivers in the United States.
• Data compiled by American Automobile Association (AAA) shows that 55% of accidents caused by aggressive driving led to 106,727 fatal crashes during the last four years.
• In 2020, speeding contributed to 29% of all traffic fatalities as per the National Highway Traffic Safety Administration.
• In 2021, 131 people were shot and killed because of road rage.

The use of technology to

Restrict the Above Nuisance

• In January 2023, a video surfaced on a social media site showing a bike deliberately colliding with a car in Bengaluru (India) and when the driver refused to get out, the bikers chased the car for 5 km. The video was based on dashboard camera footage which helped the police arrest the accused.
• Japanese police have reportedly used dashboard camera video evidence in 54 of the 58 road rage investigations pursued in the six months. As per the data by the NPA (National Police Agency) the police had used dashcam footage in 93.1% of road rage cases as the footage had been most crucial, in putting a case together.

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What is Dashboard Camera?

A dashboard camera or simply dashcam is a compact image-capturing device or camera that can be easily fitted on the dashboard of the car or the windscreen, behind the rearview mirror. Being an onboard camera, it continuously records everything in front of the car through the vehicle's front windscreen and sometimes through the rear or other windows and also records the activities inside the car and even if it's being tampered with when parked. Dual-channel dashcam systems comprising two cameras provide high-resolution footage for front and rear video recording.

• A smart way to protect against unexpected circumstances on the road.
• A way to record the entire drive from start to end and beyond too.
• A dashcam can provide direct proof of any incident and help in claiming insurance money or deterring fraudulent claims.
• A dashcam has a surveillance mode that provides security for the vehicle and helps to prevent thefts.
• Facilitates early settlements of incidents of traffic aggression and violence
• Technologically advanced dashboard cameras are fitted with in-built GPS and G-sensors, which can alert the driver, track the car’s location and detect any movement, collision, or even a handshake, in front of the parked car.
• In short, a dashboard camera offers peace of mind for the person driving and his loved ones.

Dashboard Camera Market Research Analysis

The Current and Estimated Market Size -

The global dashboard camera market was valued at ~USD 12 billion in 2022 and is expected to reach ~USD 4 billion in 2035, growing at a CAGR of 12% during the period of 2023 to 2033.

Pros Related to Dashboard Cameras

• The growing discrepancies in car insurance claims – The automobile insurance market is intercepted with risk of fraud including accident scams, insurer tactics, and referral frauds. According to statistics on auto insurance fraud, there were 8,898 intentionally started car fires in the US in 2020. In the UK, motor vehicle insurance scams are the most common type of insurance fraud, causing ~ USD577 million in damages as of 2021.
• The increasing occurrences of vehicle thefts- Dashboard cameras can act like personal CCTV cameras for the car. The recorded footage can be helpful in case of theft. Apart from that, advanced dashcams have in-built GPS and G-sensor to track the car's location and movement which can be crucial to locate the whereabouts of the car.

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Cons Related to Dashboard Camera

• The high costs associated with the deployment of dashboard cameras.
• The concern over privacy and safety.
• Stringent laws and regulations regarding the use of dashcam footage.

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Research Nester recently published an article
with a detailed and in-depth analysis of the

Dashboard Camera Market Industry.

• The Dashboard Camera Market - Regional Synopsis Europe also holds a prominent position accounting for about half of the global market dash cameras. It held a market share of 45.21% in 2022. The EU is one of the world's biggest producers of motor vehicles and the sector envisages the highest investments in research and development (R&D). European countries represent diversified regulations in terms of dash cams. In countries like Russia, Spain, and the UK almost all citizens own and employ dashcams in their private vehicles, considering their low-cost and easy availability. France and Belgium have legalized dash cams for private use, but preventing dash cam users from uploading footage publicly online. In Germany as per law dashcam footage can be accepted as evidence in the highest court, but with blurred license plates, faces, and other personal imagery to protect privacy. Dash cams are also authorized in Norway, Sweden, Switzerland, Italy, the Netherlands, Bosnia and Herzegovina, Denmark, Malta, and Serbia, though regulations vary. However, nations like Portugal, Luxembourg, and Austria, have banned the use of dashcams and violators face heavy fines for breaking the law.

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The prominent players in

the Dashboard Camera Market Industry are -

The major players operating in the market are Garmin Ltd, Panasonic Corporation, Samsung Electronics Co., Ltd. (Harman International Industries, Inc.), HP Development Company LP, Steelmate Automotive (UK) Ltd, Papago, and DOD Tech.

The latest development in the field of the

Dashboard Camera Market Industry are as follows-

• Garmin International, Inc. has released the Garmin DriveCam 76 and RVcam 795 all-in-one navigators that include a built-in, high-resolution dash cam. Both cameras offer a bright 7-inch LCD, 1080p HD video recording, and a wide 140-degree angle of vision to capture a comprehensive view of the road ahead. Once plugged in, the camera continuously records and saves video of recognized occurrences, which are instantly saved in the secured online Vault. Using the Garmin Drive smartphone app, drivers can effortlessly watch and share videos.
• Panasonic Automotive Systems Company of America has introduced its first fully wireless Wi-Fi camera that offers convenience, durability, and dexterity in recreational hauling.

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Conclusion

The traffic scenario has seen an overhaul in the past two decades. Conventional car models have given way to electric vehicles, hybrid, self-driving, and fully autonomous cars with technically advanced features. The use of smart technology to make driving easier and more convenient has been the factor driving the automotive market. Apart from that, the number of vehicles on the roads has also significantly multiplied and as a consequence, traffic congestion has grown substantially over the past 20 years. The use of dashboard cameras not only enhances the safety and security of the car and the driver but also works as an eyewitness traveling alongside. This awareness has consciously and continuously grown in the past decade. Hence, we can say that the awareness related to the dashboard cameras shows a lot of prospects for profitable growth for its key players and investors.