Dashboard Camera Market Share

Europe Market Forecasts

The Europe dashboard camera market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The growth of the market can be attributed majorly to the presence of a strong security network in the region, the growing number of automobiles, as well as the rising awareness amongst the drivers about the benefits of a dashboard camera. For instance, it was estimated that more than 10 million vehicles in the United Kingdom had dashboard cameras in their vehicles by 2020. In European countries, people are more inclined to install dashboard cameras on account of high road accident rates owing to extreme weather conditions. Moreover, people in this region are more prone to adopt dashboard cameras for insurance proof. Furthermore, the instances of vehicle theft in the region are further expected to enlarge the market size over the forecast period. For instance, nearly 700,000 cars were stolen between 2015 to 2018 in the European Union, where Switzerland became the first country with approximately 700 car theft cases in a similar time period. Hence, all these factors are estimated to hike the market growth in the region over the forecast period.